• Consult with the Authority regarding the nature of the issue and collect all necessary documentation and investment data. • Perform all typical and routine duties associated with arbitrage calculations and reporting to the Internal Revenue Service (IRS). • Review documentation for elections and eligibility for spending exceptions. • Calculation and reporting of the rebate liability installment and final calculation dates. • Compliance with and calculation of yield restriction/yield reduction payments requirements for installment and final calculation dates. • Deliver a comprehensive report that includes: a) all relevant arbitrage yield, rebate, yield reduction and penalty calculations, including methods used, assumptions, and conclusions; b) identification of all payment liabilities; and c) any necessary compliance activities. The report must include an opinion letter regarding the calculations for obligations issued by the Authority, which shall provide, among other things, that such calculations were performed in compliance with federal tax law. • Prepare all necessary Form 8038-Ts ready for filing with the IRS within 60 days as required. • Assist the Authority as necessary in the event of an IRS or other inquiry. • Consult with Authority staff and the Authority’s bond and tax counsel as necessary regarding arbitrage-related matters, record keeping and compliance, strategies to maximize investment earnings while complying with tax regulations and changes in tax laws and their effects on outstanding issues and future issuance. • Provide annual liability estimates for each June 30 when requested. • Assist the Authority with any other arbitrage compliance-related services requested.
