Bid Awarded

Financial Advisor Services for Kentucky Infrastructure Authority


Service Type
Financial Advisory Services
Bids Due
03/07/2024 at 2:00 PM ET
Water / Sewer
Listing Date
Deadline for Questions
02/22/2024 at 2:00 PM ET
Contract Start Date

Project Description

The Office of Financial Management (“OFM”) of the Finance and Administration Cabinet of the Commonwealth of Kentucky (the “Cabinet”), on behalf of the Kentucky Infrastructure Authority (“KIA” or the “Authority”), is inviting proposals from prequalified firms to provide financial advisory services to the Authority. The engagement period will be for the fiscal year beginning July 1, 2024 and ending June 30, 2025 (“FY 2025”) with an option to renew on the same terms and conditions for one additional fiscal year at the discretion of OFM and the Authority.
The firm engaged to perform financial and program advisory services will be working with the Authority, OFM, and potentially a senior managing underwriter and a bond counsel firm. KRS 42.420 requires the Authority to submit all proposed debt financings to OFM for review and approval prior to issuance. OFM is very active in this role and serves as an additional advisor to the Authority. The engagement may include negotiated or competitive new money transactions, bond refinancings, and other issuance-related financial transactions to include advice relating to any bond anticipation note program(s), debt service and other reserve funds.