Alabama Trust Fund, Montgomery, is searching for a custodian for the $3.2 billion fund and the $260 million County and Municipal Government Capital Improvement Trust Fund.
The RFP is available at http://www.treasury.state.al.us/Content/vendors.htm. Responses are due by 5 p.m. CDT March 27.
The current custodian is BNY Mellon, according to the 2009 Money Market Directory.
A call to the trust fund was referred to Annoesjka West, the Callan Associates consultant working with the fund. Calls to Ms. West were not returned by press time.
The Alabama Trust Fund invests payments from oil and gas drilling activity off Alabamas coast.