Texas DIR/ESBD #240o

Texas Comptroller Seeks Legal Counsel for Bond and Disclosure Services

The Texas Comptroller of Public Accounts is seeking qualified legal counsel for bond and disclosure services related to the issuance of state debt instruments. - Government Buyer: - Texas Comptroller of Public Accounts, Fiscal and Agency Affairs Legal Services - Services Requested: - Bond and Disclosure Legal Counsel Services for Tax and Revenue Anticipation Notes, Commercial Paper Notes, and other debt instruments authorized under Texas Government Code Chapter 404, Subchapter H - Legal advice on Texas and federal law, preparation of official statements and note orders, assistance with approvals and registrations, presentations to rating agencies, bid auction assistance, legal opinions, disclosure handling, IRS filings, and compliance support - Contract Details: - Initial term from January 1, 2027, to December 31, 2028 - Two optional one-year extensions and a possible six-month transition period - Compensation is contingent on note issuance proceeds; contract is non-exclusive - Notable Requirements: - Demonstrated expertise in public finance law - Compliance with Texas Government Code and administrative regulations - Subcontracting plan with focus on certified Veteran Heroes United in Business (VetHUB) vendors - No specific OEMs or product part numbers are referenced, as this is a professional legal services procurement

Description

The Texas Comptroller of Public Accounts is seeking proposals from qualified, independent attorneys and law firms specializing in public finance law to serve as legal counsel for the issuance of Tax and Revenue Anticipation Notes, Commercial Paper Notes, or other authorized debt instruments. The scope includes assisting with presentations, preparing legal documents such as Note Orders and Official Statements, and providing bond and disclosure counsel services as needed. The contract is anticipated to have a value of $350,000 and covers multiple highway districts across Texas. Proposals are due by September 15, 2026, at 2:00 PM.

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