Specifications include, but are not limited to: 1. Assisting THECB in preparing any schedules, reports, or records necessary to perform or support a calculation of arbitrage and yield restriction liabilities not less than annually for each issue of outstanding obligations to be listed on the Mandatory Price Sheet; 2. Creating and maintaining records necessary to determine rebate arbitrage and yield restriction liabilities, if any, on outstanding debt obligations of THECB; 3. Provide THECB a report of the calculations (including supporting documentation) of arbitrage and yield restriction liabilities within sixty (60) days after the end of each state fiscal year (The state’s fiscal year-end is August 31); 4. Calculating all required calculations and related services for bonds issued subsequent to this RFP; 5. Prepare transmittals and forms necessary to report and pay arbitrage liability on time; 6. Devising and recommending a plan of financing for all bonds or other debt instruments to be issued by THECB, with terms and conditions that will result in the most advantageous terms for THECB; 7. Assisting THECB staff in determining the timing and the sizing of each bond issue; 8. Assisting THECB staff with the evaluation of proposals for underwriting services; 9. Assisting THECB’s bond counsel in the preparation of bond offering documents including resolutions, preliminary official statements, final official statements, and other bond-related documents; 10. Preparing financial information for rating agencies and assisting with presentations to such agencies; 11. Providing cash flow modeling for the Hinson Hazelwood related portion of the student loan program portfolio, reflecting cash flow annually and program lifecycle cash flow outcomes; 12. Providing advice in regard to the need for credit enhancement and liquidity facilities, and assisting in the negotiations with providers of such services; 13. Assisting THECB in presentations to credit enhancers, or prospective bond purchasers; 14. Monitoring and assisting in the negotiation of all fees and expenses incurred in connection with the issuance of the bonds, including those proposed by THECB’s underwriters; 15. Reviewing all documents that are customary and necessary in order to structure and issue bonds, and attending all document meetings and/or conference calls; 16. Assisting in closing details and post-closing duties, including the development of closing memoranda and preparation of the Bond Review Board final report(s) with final costs of issuance; 17. Assisting in making presentations, required submissions, and obtaining approval of the Bond Review Board, the Legislative Budget Board, and any other state entity with supervisory powers over THECB’s issuance of bonds; 18. Attending meetings of the THECB Board and Committees, Bond Review Board, legislative committees, or other meetings to the extent required and/or requested; 19. Providing advice on continuing disclosure requirements in relation to the bonds. Reviewing continuing disclosure annual reports required by 17 C.F.R. § 240.15c12; 20. Advising THECB staff of new developments in the municipal bond industry
