Specifications include, but are not limited to: 1. Be responsible for, with the assistance of the SBOF’s financial advisor, bond counsel, tax counsel, and SBOF staff, the timely preparation of a Preliminary Official Statement to be adopted by the SBOF in connection with any Notice of Bond Sale or sale resolution to be considered relating to the prospective issuance of securities of the State of New Mexico through the SBOF; 2. Be responsible for, with the assistance of the SBOF’s financial advisor, bond counsel, tax counsel and SBOF staff, the timely preparation of an Official Statement describing the securities of the State of New Mexico to be delivered to the purchaser or purchasers immediately after the adoption of all bond resolutions by the SBOF; 3. Conduct and manage all necessary due diligence activities with respect to Preliminary and Official Statements. Activities shall include the preparation and maintenance of timelines, contact lists, and any other documents to facilitate the preparation of disclosure statements and information. Work directly with appropriate state agencies and any other non-state agencies deemed necessary to ensure that all disclosure documents are updated on a timely basis. Any publication shall be in a professional format; 4. Prepare and deliver to the SBOF legal opinions relating to disclosure as is customary in connection with any sale of State taxable or tax-exempt governmental securities, even where disclosure materials have been prepared by the SBOF and the SBOF’s financial advisor or underwriters; 5. Provide a 10(b)(5) legal opinion upon the closing of each bond sale for which disclosure counsel services are provided to provide assurance to investors as to the accuracy and timeliness of information; 6. Attend all meetings and closings pertaining to securities issued by the State of New Mexico and others as deemed necessary by the SBOF; 7. Be responsible for the preparation of Continuing Disclosure Statements and the publishing and issuance to the appropriate entities of such statements for outstanding taxable or tax-exempt securities issued by the State of New Mexico, within the time constraints laid out in each issue’s bond documents; 8. Conduct and manage all necessary due diligence activities with respect to Continuing Disclosure Statements. Activities shall include the preparation and maintenance of timelines, contact lists, and any other documents to facilitate the preparation of disclosure statements and information. Work directly with appropriate state agencies and any other non-state agencies deemed necessary to ensure that all disclosure documents are updated on a timely basis. Any publication shall be in a professional format; 9. At no extra cost to the SBOF, provide to the SBOF and the State Treasurer continuing information concerning pending federal legislation and other areas of current developments relating to the SBOF’s bond disclosure issues, when known by the Contractor, to the extent requested by the SBOF. Advise and assist the State in complying with applicable state and federal disclosure laws; 10. Cooperate with the SBOF and other state agencies and officials in the course of serving as disclosure counsel to the SBOF by responding to inquiries relating to the disclosure of taxable or tax-exempt securities of the State of New Mexico, including outstanding securities for which the Contractor did not serve as disclosure counsel; 11. Monitor conditions addressed in any Official Statement; advise the SBOF’s financial advisor, bond counsel, tax counsel, and the SBOF and its staff of any circumstances that come to the Contractor’s attention which might require the preparation of a supplement or addendum to the Official Statements; and prepare, with their assistance, any supplement or addendum needed prior to the delivery of any securities of the State of New Mexico; 12. Upon request of the SBOF and in the event SBOF bond counsel and/or tax counsel is unable to perform, the Contractor, if able to perform, may be called on to perform these limited services: a. Provide transaction review services of financings by other public entities that require SBOF approval; and b. Provide limited advisory services on financial issues facing the SBOF which are not related to the issuance of securities, which shall include a limit on the amount of total compensation upon approval from the SBOF Director. 13. Upon the request of the SBOF, represent SBOF and/or SBOF Board Member(s) on issues, other than the review of financing plans submitted by other entities seeking SBOF approval contemplated in Section IV.A.12, including responding to audits or other civil regulatory actions related to disclosure matters, or bond matters generally in the event bond counsel is unable to perform. 14. At the request of the SBOF, prepare and present updates and revisions to the debt, disclosure, post-issuance compliance and other SBOF policies. The contractor may be asked to review the updates and revisions to such policies made by other SBOF counsel; 15. Provide any other services typically performed by a firm serving as disclosure counsel; 16. Participate in annual feedback and goal-based reviews with SBOF staff.