Texas DIR/ESBD #240n

Texas Seeks Outside Legal Counsel for Prepaid Higher Education Tuition Board Programs

This opportunity involves the Texas Comptroller of Public Accounts, on behalf of the Texas Prepaid Higher Education Tuition Board, seeking outside legal counsel services for the administration and compliance of multiple state tuition and savings programs. - Government Buyer: - Texas Comptroller of Public Accounts - Texas Prepaid Higher Education Tuition Board - Contracts Section - Services Requested: - Outside legal counsel services for: - Federal and state securities law (including disclosure requirements for municipal securities, FINRA/MSRB rules) - Contracts and intellectual property - Fiduciary responsibility - Federal taxation and entitlements (e.g., Social Security, Medicaid) - Compliance with Sections 529 and 529A of the Internal Revenue Code - Attendance at quarterly and special Board meetings, administrative support, and annual performance meetings - Ability to invoice separately for each plan or program administered by the Board - Programs Covered: - Texas Guaranteed Tuition Plan - LoneStar 529 Plan - Texas College Savings Plan - Texas Tuition Promise Fund - Texas Save and Match Program - Texas ABLE Program - Unique Requirements: - Legal counsel must be independent and qualified - Encouragement to use Texas-certified Veteran Heroes United in Business (VetHUB) subcontractors - No specific OEMs or vendors are named in the solicitation - Estimated contract value: $165,000 - Period of Performance: - Initial term: two years - Two optional one-year renewals (potential total of four years) - Primary Places of Performance and Contracting: - Lyndon B. Johnson State Office Building, 111 East 17th Street, Austin, TX 78774 - Texas Comptroller of Public Accounts Educational Opportunities and Investments Division, PO Box 13407, Austin, TX 78711-3407

Description

The Texas Comptroller of Public Accounts, on behalf of the Texas Prepaid Higher Education Tuition Board, is soliciting proposals from qualified individuals and law firms to serve as outside legal counsel. The selected counsel will provide legal services related to federal and state securities laws, contracts, intellectual property, fiduciary responsibility, and other areas including federal taxation and entitlements. The contract term is expected to begin September 1, 2026, with an initial two-year period and options to renew for two additional one-year periods. Proposals are due by June 10, 2026, and the estimated contract value is $165,000.

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