Financial Advisory Services

The Vendor is required to provide financial advisory services related to the facilitation of board student loan and related bond program.
- Preparing schedules, reports, and records as necessary to perform or support a calculation of arbitrage and yield restriction liabilities not less than annually for each issue of outstanding obligations;
- Providing a report of the calculations (including supporting documentation) of arbitrage and yield restriction liabilities within thirty-five (35) days after the end of each state fiscal year (The state’s fiscal yearend is August 31st);
- Calculating all required calculations and related services for board -issued bonds;
- Preparing and transmitting all documents and forms necessary to report and pay arbitrage liability on time;
- Providing recommendations regarding the optimal timing and the sizing of each bond issue;
- Preparing financial information for rating agencies and assisting with presentations to such agencies;
- Providing cash flow modeling for the area related portion of the student loan program portfolio, reflecting cash flow annually and program lifecycle cash flow outcomes;
- Advising on the need for credit enhancement and liquidity facilities, and assisting in negotiations with providers of such services;
- Assisting in presentations to credit enhancers, or prospective bond purchasers;
- Reviewing all documents that are customary and necessary to structure and issue bonds, and attending all related meetings and/or conference calls;
- Assisting in closing details and post-closing duties, including developing closing memoranda and preparing the Bond Review Board final report(s) with final costs of issuance;
- Advising on new developments in the municipal bond industry;
- Advising on options to minimize existing liabilities or increase retainable earnings;
- Assisting board in the event of an audit, examination, or inquiry made by the Internal Revenue Service, or any other federal or state government regulatory body regarding the calculation of the rebate amount.