Issuer and Bond Disclosure Counsel Services

The vendor required to provide issuer and bond disclosure counsel services for include:
•    Issuer and bond disclosure counsel will work closely with department staff, with bond counsel, with the underwriter, and with department’s selected financial advisor. 
•    If bond ratings and bond insurance is sought, issuer and disclosure counsel will also work with the insurer and with ratings agencies personnel. 
•    Issuer and disclosure counsel could be required to attend meetings in Topeka. 
•    Counsel will be expected to accompany other finance team members to meetings with the ratings agencies in city, as requested. 
•    Counsel must attend meetings with department staff when bond documents are adopted for each bond issue.
•    The documents to be used in each transaction will be initially drafted, copied and distributed to all parties by bond counsel, including any documents necessary for the sale of the specific bond issue, and any redistribution of revisions based upon comments from the underwriter, department, financial advisor, ratings agencies, and bond insurer, as applicable. 
•    department issuer and disclosure council will review all legislative authorizations, other applicable law, bond documents on behalf of department, and, as requested, prepare the preliminary official statement, official statement, or other offering document, and the continuing disclosure agreement, along with other documents as may be directed by department. 
•    It is expected that final drafts of all basic transaction documents for each bond issue will be approved and prepared by bond counsel, who will also prepare, copy and distribute official transcripts of proceedings, as needed. 
•    Issuer and disclosure counsel to department will be expected to render an approving, written opinion relating to their review of all transaction documents and their representation as counsel to department.
•    It is also expected that issuer and bond disclosure counsel will be available to answer questions, occasionally assist with legislation, or other administrative and legal issue and offer advice.
•    Counsel must be responsive to inquiries concerning bonds already issued, including discussion of events and issues that may require material or voluntary event disclosures in accordance with federal securities laws.
•    Issuer and bond disclosure counsel will be expected to perform all necessary and customary functions, including, but not limited to, items discussed in the preceding paragraphs, and as may be agreed upon by and between department and counsel.