Specifications include, but are not limited to: 1. Provide expert, objective legal opinions bond counsel regarding the validity and binding effect of the bonds, the source of payment and security for the bonds, and the excludability of interest on the bonds from gross income for federal income tax purposes. 2. Prepare and review documents necessary or appropriate to the authorization, issuance, sale, and delivery of the bonds, coordination of the authorization and execution of these documents, and review, where appropriate, drafting of enabling legislation. 3. Assist NMSTC and NMDOT in seeking any approvals, permissions, and exemptions from other governmental authorities necessary or appropriate in connection with the authorization, issuance, sale, and delivery of the bonds. 4. Review legal issues relating to the structure of bond issues. 5. Draft and prepare documentation for NMSTC and NMDOT as necessary to properly authorize bonds and other financial instruments, including NMSTC briefs and resolutions. 6. Review or prepare those sections of any offering document to be disseminated in connection with the sale of the bonds that relate to the bonds, financing documents, bond counsel opinion, and tax exemption. 7. Assist the NMSTC and NMDOT, where acting as the “Issuer,” in presenting information to bond rating organizations and credit enhancement providers relating to legal issues affecting the issuance of the bonds. 8. Review or prepare any notice of sale or bond purchase contract for the bonds and any continuing disclosure undertaking of the Issuer.
