New York State Contract Reporter #2139968

MTA arbitrage rebate and tax compliance consulting for tax-exempt bond proceeds

MTA - NYC Transit is seeking arbitrage rebate and tax compliance consulting for tax-exempt bond proceeds managed by the MTA, NYCT, and TBTA. - Government buyer: MTA - NYC Transit (NYCT), part of the Metropolitan Transportation Authority (MTA); sub-agency: New York City Transit Authority (NYCT); office: MTA HQ and MTA Cash & Investments. - Scope: Help the MTA, NYCT, and Triborough Bridge and Tunnel Authority (TBTA) comply with the Tax Reform Act of 1986 and applicable Internal Revenue Service rules for arbitrage on investments of tax-exempt bond proceeds. - Service requirements: Consultant personnel must have relevant skills and experience, including work for large public-sector clients or transportation organizations. Specific tasks, deliverables, quantities, and part numbers are not stated. - OEMs and vendors: No OEMs or commercial vendors are named in the solicitation. - Funding and estimated value: 100% operating funding; estimated contract value of $500,000–$1,000,000. - Period of performance: Three-year term with an option for a two-year extension.

Description

The MTA Cash & Investments department is seeking a vendor to help the MTA, NYCT, and TBTA comply with the Tax Reform Act of 1986 and subsequent IRS rules governing arbitrage compliance for investments of tax-exempt bond proceeds. Vendor personnel should have relevant skills and experience, including work for other large public-sector clients or transportation organizations. The contract term is three years, with a two-year time extension option. The solicitation lists an estimated value range of $500K–$1M.

View original listing