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City of New Rochelle Finance Department 515 North Ave New Rochelle NY 10801Purchasing Office 914.654.2072REQUEST FOR PROPOSAL SPEC 5122 FOR THE USE AND OCCUPANCY OF OUTDOOR SPACE FOR THE INSTALLATION
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Spec 5122 stands for Special Form 5122, which is a form used for reporting certain financial transactions to the government.
Individuals or businesses engaged in transactions that meet the reporting thresholds set by the government are required to file spec 5122.
Spec 5122 can be filled out electronically through the designated government portal or by mailing a physical copy of the form.
The purpose of spec 5122 is to monitor and track financial transactions that may be used for illicit purposes such as money laundering or terrorist financing.
Spec 5122 requires reporting of details such as the parties involved in the transaction, the nature of the transaction, and the amount of money or assets involved.
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