Bid Awarded

Kentucky Housing Corporation Bond Counsel Request for Proposal

Summary

Service Type
Bond Counsel Services
Bids Due
03/27/2024 at 2:00 PM ET
Sector
Housing
State
Kentucky
Listing Date
03/06/2024
Deadline for Questions
03/13/2024 at 2:00 PM ET

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 Housing Corporation (“KHC” or the “Corporation”), is inviting proposals from prequalified firms to provide bond counsel services. 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 Corporation.

The firm engaged to perform bond counsel services will be working with the Corporation, OFM, a quantitative analysis firm, a senior managing underwriter and trustee. The firm selected to perform bond counsel services will be responsible for duties which include but are not limited to: notice of sale; providing legal opinions and legal advice related to debt structuring; interest rate swaps; program documentation; the sale and closing of securities; tax issues including secondary market disclosure compliance arbitrage regulation compliance; consulting with the trustee and the Corporation; drafting and circulating of required issuance documents for approval-including duties related to the potential creation of new indentures, remarketing agreements, liquidity agreements; reviewing the Preliminary Official Statement (POS) and final Official Statement in a negotiated sale; and coordinating the closing of all issues.