Arizona Procurement Portal #BPM005469

Arizona Department of Administration seeks Arbitrage Rebate Services for tax-exempt financing compliance

This opportunity involves the Arizona Department of Administration seeking specialized Arbitrage Rebate Services to ensure compliance with federal tax-exempt financing regulations. - Government Buyer: - Arizona Department of Administration (State of Arizona) - OEMs and Vendors: - Notable vendors mentioned as bidders include ARBITRAGE COMPLIANCE SPECIALISTS INC, Hilltop Securities Inc, and BLX GROUP LLC - Products/Services Requested: - Arbitrage Rebate Services for tax-exempt debt instruments - Includes lease purchase certificates of participation, non-assignable lease purchases, revenue bonds, and other tax-exempt financing - Services cover calculation, reporting, and rebate of earnings to the U.S. Treasury as required by the Tax Reform Act of 1986 - Unique or Notable Requirements: - Compliance with federal regulations for tax-exempt debt - Services must address multiple types of financing instruments - Open to all qualified firms; no pre-offer conference required

Description

The State of Arizona is seeking qualified firms to provide Arbitrage Rebate services in compliance with the Tax Reform Act of 1986. The services involve reporting to the Federal government and rebating earnings to the U.S. Treasury when the yield exceeds the bond yield, covering various types of tax-exempt financing such as lease purchase certificates and revenue bonds. The solicitation is managed by the Arizona Department of Administration and does not include a pre-offer conference. The procurement process is conducted via an RFP with a submission deadline of July 11, 2023.

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