# El Paso Water Ionwave #RFP31-26

EPWater seeks Arbitrage Rebate Services for Tax-Exempt Bond Obligations

**Posted:** September 20, 2026
**Respond By:** October 14, 2026
**Identifier:** RFP31-26
**NAICS:** 541213

El Paso Water Utilities - Public Service Board (EPWater) is seeking proposals for Arbitrage Rebate Services for its tax-exempt bond obligations for Fiscal Year End 2027.
- Government Buyer:
  - El Paso Water Utilities - Public Service Board
  - Purchasing & Contracts Administration Office
- Services Requested:
  - Arbitrage rebate calculations for multiple bond issues and refundings
  - Computations for extendable commercial paper
  - Final (5th year) reporting for each bond issue/refunding
  - Preparation of IRS forms and supporting documentation
  - Assistance with IRS inquiries and post-issuance compliance monitoring
  - Training on arbitrage rules
- Service Line Items & Quantities:
  - Annual arbitrage rebate computation for each bond issue/refunding (estimated 30 per year)
  - Computation for extendable commercial paper (estimated 2 per year)
  - Final (5th year) reporting fee (estimated 1 per year)
  - General arbitrage rebate services (quantity not specified)
- Unique Requirements:
  - Ability to handle a range of bond types, including water, wastewater, and municipal drainage utility bonds
  - Compliance with IRS Code Section 148 and Texas Local Government Code procurement standards
  - Contract term is one year with up to six one-year extensions, plus possible month-to-month extension
  - Submission of bids electronically or by sealed bid
- No specific OEMs or vendors are named in the solicitation.
- Estimated annual allowance for additional services is included.

### Description

EPWater is soliciting proposals for Arbitrage Rebate Services for Fiscal Year End 2027. The services include calculating and reporting arbitrage rebate liabilities for tax-exempt obligations, ensuring compliance with applicable IRS regulations, and preparing required tax filings and supporting documentation. Proposals can be submitted electronically or by sealed bid. A pre-proposal meeting and live reading will be held via Microsoft Teams.

[View original listing](https://epwater.ionwave.net/PublicDetail.aspx?bidID=380&SourceType=1)