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Tax-Exempt Financing Pursuant to an Energy Performance and Efficiency Project


Location
New Hampshire
Publication Date
09/20/2019 09:06 AM EDT
Closing Date
10/04/2019 04:00 PM EDT
Issuing Organization
State of New Hampshire - Department of Administrative Services
Solicitation Number
Description

Specifications include, but are not limited to: The successful Firm will be required to enter into a tax-exempt lease purchase agreement and an Escrow Agreement with the State in a form which should be acceptable to the State. A form of the Lease Purchase Agreement and of the Escrow Agreement should be included with the Firm’s submission in response to this RFP. FINANCING STRUCTURE: Tax-Exempt Municipal Lease Purchase Agreement with Escrow Agreement. INTEREST RATE: A fixed rate of interest should be proposed for the term of the financing. RATE LOCK: The proposal should include interest rates with sixty (60) day rate lock commitment and/or such other rate lock period as Lender may provide in the best interest of the State. If the rate lock cannot be extended sixty (60) days please indicate a spread over a publicly available index rate with which the interest rate will adjust. SECURITY: The Financing will be structured as a “subject to annual appropriation” lease purchase agreement with the equipment purchased and improvements made as collateral PREPAYMENT: The Financing must allow for either partial or full early repayment of principal. REQUIREMENT OF ESCO: The proposal shall specifically identify any requirements to be imposed upon the ESCO under the Financing Documents as a result of this financing.

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