Banking and Custodial Services (RFI)

The Dormitory Authority of the State of New York (“DASNY”) is releasing this Request for Information (“RFI”) to determine interest and solicit information from qualified financial institutions operating in New York State interested in taking deposits from the Authority and furnishing the Authority with standard commercial banking services, including, but not limited to, fund transfers and disbursements (via check and electronic funds transfer) and related account monitoring, reporting, electronic cash management system and custodial services for funds derived by the Authority from its loan servicing, property management and lease management services performed as agent on behalf of the New York Social Equity Cannabis Investment Fund, LP, a to-be-formed New York limited partnership (the “Fund”), exclusively dedicated to financing the establishment and development of the initial build out of retail storefront conditional adult-use retail cannabis dispensaries in New York state (“Dispensaries”) for operation by social equity licensees (“Social Equity Licensees”) selected by the New York State Office of Cannabis Management (“OCM”) and the Cannabis Control Board (“CCB”), as allowed by Chapter 7-A of the Consolidated Laws (2021-2022 Regular Sessions) (the “NY Cannabis Law”). 

This RFI is a formal, non-competitive informational inquiry that is being released to obtain market information and input on services provided in connection with the NYS legalized adult-use cannabis industry.  Submittal of an RFI is not a condition for future consideration as a potential provider of the services contemplated herein. Consequently, it is understood and agreed that no obligation or commitment is made by DASNY or OCM to any Respondent submitting a Response to this RFI.

This is not a Request for Proposal (RFP). Once information is gathered, DASNY may procure these services through a formal RFP process and solicit proposals from qualified and responsible vendors. The submission of a Response to this RFI is not required to participate in any potential future RFP’s.

Please see attachments for full RFI. 

Primary Contact

Ame Breheny

Contract Administrator

DASNY

Professional Services

Albany

515 Broadway

Albany, New York 12207

United States

Phone: 518-888-4464

Email: [email protected]

Secondary Contact

Kara Mallard

Chief

DASNY

Professional Services

515 Broadway

Albany, NY 12207

United States

Email: [email protected]

Submit To Contact

Ame Breheny

Contract Administrator

DASNY

Professional Services

Albany

515 Broadway

Albany, New York 12207

United States

Phone: 518-888-4464

Email: [email protected]