1. The Arizona State Treasurer (“Treasurer”) or designee will appoint the successful bidder (“Institution” or “Contractor”), as the agent for the safekeeping and handling of securities for which the Treasurer is the lawful custodian and that the Treasurer place or cause to be placed in the Institution’s possession, and the Institution agrees to accept such appointment. 2. The Institution, at the direction of the Office of the State Treasurer, will provide for transfer of securities from the Institution currently holding the securities prior to March 31, 2026, or on another date if authorized by the Office of the State Treasurer. The new Institution shall be responsible for the safe transport and delivery of the securities. Transfer of the present securities portfolio will be “free delivery” at no cost to the Office of the State Treasurer or the Depositor. At the conclusion of this contract, any transfers will likewise be at no cost to the Office of the State Treasurer or Depositor. 3. The Institution shall process, and track completion of the account set-up documents for all accounts. 4. The Institution shall accept possession of and be responsible for the safekeeping of such securities as are delivered to the Institution. 5. The term of the contract shall begin on April 1, 2026, and will end at the close of business on March 31, 2029. In addition, the contract can be extended for two (2) one-year renewal periods as noted in the SPECIAL TERMS AND CONDITIONS to expire March 31, 2030, and March 31, 2031. 6. The Office of the State Treasurer will be entitled to cause delivery or withdrawal from the Institution’s possession, during the Institution’s normal business hours, any such securities held by the Institution by giving twenty-four (24) hours’ notice to the Institution or at regularly scheduled times. 7. Securities will be deposited with or withdrawn from the Institution in accordance with Attachment 1 for Department of Insurance and Financial Institution accounts and Attachment 2 for Industrial Commission accounts or on similar instructions based on another state agency’s needs. Securities will be delivered to the Institution by the Depositor. The deposit of securities shall be pursuant to a written contract (Attachments 1 & 2) signed by the Institution, the Office of the State Treasurer, the State of Arizona (agency or department), and the Depositor. The institution shall only accept and reinvest in eligible securities as outlined in the Eligible Securities Samples for the Department of Insurance and Financial Institution accounts for Industrial Commission accounts (Attachments 3 & 4).
