RFP

Scope of Services

The scope of services to be provided will include, but not be limited to, the following:

1. Advise Bank management on its overall approach to its financings, working with the Bank’s finance team noted above and other issuance participants including underwriters, underwriters’ counsel, rating agencies, trustees, et al.
2. Assist with financings, including specific advice on current market dynamics, syndicate policies, issue price and structure.
3. Assist in the bidding of services and coordination of vendors required for bond issuances, including for production of official statements, trustee or paying agent services, verification agent, etc.).
4. Assist management in the development and presentation of information to rating agencies including supporting analysis and default tolerance analysis and assist with responses to annual rating agency surveillance questionnaires.
5. Assist in the evaluation of the availability and economics of credit enhancements.
6. Assist management in developing and implementing investor relations and marketing plans with the Bank’s financings.
7. Prepare credit review memoranda for borrower applications. Present credit reviews and recommendations to Bank’s Board of Directors.
8. Evaluate proposals on new products, refunding opportunities and other financing ideas that the Bank receives from time to time.
9. Provide independent recommendations on the management of the Bank’s debt including, but not limited to, refunding and redemption including evaluation of debt defeasance opportunities.
10. Assist in the review and analysis of State and Federal legislation pertaining to the Bank’s financing programs.
11. Provide market information and respond to other information requests on a regular basis.
12. Provide advice and assistance in the development of long‐range budgets, forecasts, and financing plans of the Bank, including analyses of program capacity.
13. Assist management with special projects relating to debt issuance, debt management and debt reporting, assist with pricing of loans, et al.
14. Assist in the analysis and bidding of investments of bond proceeds, other program funds, and operating funds, as requested.
15. Assist management in its compliance with IRS arbitrage rebate regulations for tax‐exempt securities. The advisor will provide a written report describing the calculation methods used and deliver appropriate supporting documentation for the rebate calculations. The advisor will provide IRS Form 8038‐T (or applicable form) when a penalty/rebate payment is due and a statement summarizing the determination of the amount to be paid to the IRS at such time as required by law. Complete annual rebate calculation within 30 days of the Bank’s fiscal year end.
16. Assist the Bank in meeting its Continuing Disclosure requirements.
17. Other projects related to the development of current or new Bank programs, including but not limited to program development for funding of resiliency projects.