Bay County Opengov #26-47

Arbitrage Rebate Calculation and Legal Opinion Services for Bay County Tax-Exempt Debt

Bay County Board of County Commissioners is seeking qualified firms to provide arbitrage rebate calculation and legal opinion services for its tax-exempt debt. - Government Buyer: - Bay County Board of County Commissioners (Bay County, Florida) - OEMs and Vendors: - No specific OEMs or vendors are mentioned; opportunity is open to qualified financial and legal service providers - Products/Services Requested: - Arbitrage rebate calculation services - Includes computation of yields on county-issued debt - Determination of rebate amounts, yield reduction payments, and spend-down penalty payments - Legal opinion services - Provision of legal opinions on arbitrage calculations to ensure compliance with the Tax Reform Act of 1986 and IRS regulations - Unique/Notable Requirements: - Expertise in municipal debt compliance, IRS regulations, and the Tax Reform Act of 1986 - Services must ensure full compliance for tax-exempt debt instruments - No specific part numbers or quantities; services are based on county-issued debt instruments

Description

Bay County, Florida issued tax-exempt debt subject to arbitrage provisions of the Tax Reform Act of 1986 and related IRS regulations. The Bay County Board of County Commissioners seeks proposals from qualified firms to compute yields on its debt, amounts of rebate, yield reduction payments, spend-down penalty payments, and to provide legal opinions on such computations. This service involves financial and legal expertise related to tax-exempt debt compliance.

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