RFP

The Office of Financial Management (“OFM”) of the Finance and Administration Cabinet of the Commonwealth of Kentucky (the “Cabinet”), on behalf of the Kentucky Asset/Liability Commission (“ALCo” or the “Commission”), is requesting proposals from prequalified firms for the services of senior managing underwriter and/or remarketing/index agent during the engagement period July 1, 2024 through June 30, 2026.  The firms selected as a result of this RFP will be contracted to provide services for selected financings during Fiscal Year 2025 and 2026.  OFM will have the option to extend the contract, on the same terms and conditions, for an additional twenty-four (24) month period.

The Commission seeks to hire one senior managing underwriter and/or remarketing/index agent for Tax and Revenue Anticipation Note (“TRANs”) issues and one senior managing underwriter and/or remarketing/index agent for Grant Anticipation Revenue Vehicle (“GARVEEs”) issues.  The Commission also seeks to hire one senior managing underwriter and/or remarketing/index agent for Project Note and Funding Note issues during the period.  A remarketing or index agent, if assigned to a specific series of notes, is expected to provide these services until the notes mature or are replaced with permanent financing.  The Commission intends to issue all transactions on a negotiated sale basis.  Firms may be selected for one or more appointments.