Specifications include, but are not limited to: The Selected Respondent will provide fixed rate direct placement financing through the purchase of all or a portion of the Authority 2017A Bonds under the following conditions and terms: A. Respondents may submit bids to provide proposed fixed interest rates based upon a pricing formula for the direct placement financing of Senior Bonds for the maturity ranges included in the categories specified in Appendix A, Response Instructions and Response Form, Tab 5. Authority may choose to select one or more Respondents to provide financing. (1) Respondent will provide a proposed fixed interest rate for each Category of the 2017A Bonds that the Respondent offers to purchase. (2) Respondent will provide a pricing formula upon which the proposed fixed interest rate is based. The pricing formula must include and be based on a stated publicly available index. Both the pricing formula and publicly available index must be verifiable by the Authority’s financial advisor. (3) The Bids will be evaluated based on the lowest total cost to the Authority excluding Legal Fees. Proposed fixed interest rates will be verified using the pricing formula included in each Bid, the index stated in each formula and other analytics as determined by the Authority.