The Department anticipates the need for legal services in connection with the issuance of bonds and compliance with the ongoing disclosure requirements of SEC Rule 15c2-12, at any time and from time to time during the term of the contract at the request of the Department, as well as with respect to documentation and other legal considerations related to the Program. Bond/Securities Disclosure Counsel (“Outside Counsel”) is expected to assign those attorneys and professionals employed by the firm who are best suited to appropriately respond to such requests in connection with the issuance of bonds and mortgage credit certificates and with ongoing compliance of any/all trust indentures and other documents and agreements integral to the issuance of such bonds, mortgage credit certificates and the TBA Program. The firm will provide any such services as Outside Counsel, which includes, but is not limited to preparation and/or review (as may be appropriate for single and multifamily transactions) of all official statements and offering documents of the Department in connection with bond issues being sold into the public market, as well as disclosure related to SEC Rule 15c2-12 for new or outstanding bond issues. Outside Bond/Securities Disclosure Counsel will work in conjunction with Single Family/Multifamily Bond and Tax Counsel as instructed by the Department.
