RFQs and RFP

The firm selected to provide bond counsel services to the Commission will work closely with OFM and underwriting firms selected through a similar process. The firm selected to perform bond counsel services will be responsible for overseeing all legal services related to any financings undertaken during the contract period.

Responsibilities include, but are not limited to: providing legal opinions and legal advice related to debt structuring and disclosure; reviewing preliminary and final official statements; coordinating the sale and closing of the securities; identifying and advising on tax matters, including arbitrage regulations and ongoing status of project tax exemption; consulting with the Commission, the trustee and the Commonwealth; providing information as requested to rating agencies; attending and testifying at legislative committee meetings; assisting with the review of draft legislation related to the Commission; assisting in presentations as needed, overseeing the digital distribution of bond certificates; preparing timely advertisements (notices of sale); drafting and circulating required issuance documents for approval; assisting with compliance of
continuing disclosure requirements (including work related to prior bonds); and preparing official transcripts in a timely manner.

The General Assembly has not appropriated funds for the payment of fees outside of the bond issuance process. Accordingly, any fees incurred will be payable only upon successful closing of the issue.