Financial Advisory Services

The Vendor is required to provide financial advisory services: one to serve as the primary consultant (the highest composite scorer) and the other as secondary consultant (the next highest composite scorer).
- Requirement:
• Analyze the state’s existing portfolio of state-supported debt to evaluate refunding opportunities.
• This includes the development of strategic approaches to issue such refundings, in the context of the state’s new money issuance needs.
• Monitor market conditions for potential issues or adverse changes which could affect the state’s debt portfolio and annual debt service budget.
• Review and evaluate various financing proposals, including those prepared by underwriters and other members of the financial community.
• Recommendations and advice as needed.
• Evaluate the existing state-related debt portfolio, including the risk and value of variable rate and swap instruments.
• Advice as needed.
• Determine the most advantageous use of state monies to defease existing debt; including the structuring of escrows, while achieving state financial plan objectives.
• Prepare information and analytical documents, as requested, on various public finance topics, policies, and legislation.
• Financial and policy advice on joint projects that involve the division and other state agencies or public authorities.
• Assist in analyzing debt practices, debt service profiles, and debt capacity at other state public authorities, including the modeling of revenues and expenses.
• Analyze the division’s debt policies and provide suggestions to improve the state's debt practices as necessary.
• Comparable information from other large states.
• Participate in discussions with the state on emerging issues, and assist the state in developing strategic responses
• Analyze primary and secondary market pricing and trends for state bonds and other municipal bond issues
• Prepare analyses to periodically evaluate the performance and selection of underwriters for state bond transactions.
• Other related services as requested.