RFQs and RFP

To select a financial institution to provide trustee, paying agent, and escrow trustee services to the Commonwealth of Kentucky State Property and Buildings Commission (the “Commission”) for its State Property and Buildings Commission Agency Fund Revenue Refunding Bonds, Project No. 136, referred to as the “Project 136 Bonds” or the “Bonds”. The Bonds are expected to be issued in an aggregate principal amount not to exceed $26 million.

The Bonds are expected to be issued as fixed rate tax-exempt revenue refunding bonds to 1) refund certain outstanding Agency Fund Revenue Bonds, Project No. 114 for approximately $22 million in order to achieve debt service savings; and, 2) pay costs of issuance. The Bonds are expected to have a stated final maturity no later than October 1, 2035.

The Project 136 Bonds are special and limited obligations of the Commission and are secured by revenues to be derived from General Fund appropriations. The Bondholders have no security interest in any properties constituting the project or any amounts derived there from.

The Commission may replace the Trustee, Paying Agent and Escrow Trustee if the Commission, in its sole discretion, feels the bank is not satisfactorily meeting its service requirements. The replacement may be undertaken in the manner set forth in Article IX of the SPBC 136 Bond Resolution.