A. Ongoing non-transactional services to be provided include: 1) Assist in the formulation of financial and debt policies and administrative procedures for TWDB financial assistance programs as requested. 2) Upon request, develop or review a customized Excel cash flow model for the TWDB’s financial assistance programs, and default tolerance analyses relating to revenue bond programs. 3) Upon request, analyze or review Excel models for a program’s funding capacity. 4) Provide debt service schedules reflecting varying interest rates, issue sizes, and maturity structures as needed for related fiscal planning. 5) Attend meetings with staff, consultants and other professionals related to TWDB and its programs, as requested. 6) Undertake other financial planning and policy development assignments requested by program managers regarding bond and other financings and financial policy, including cash management issues and related fiscal policies and programs. 7) Assist TWDB and program managers in preparing financial presentations for public hearings. 8) Advise on changes in the market, disclosure and regulatory requirements as necessary. 9) Advise on alternative financing or program structures. 10) Advise as necessary regarding inquiries from the Internal Revenue Service or external auditors. 11) Notify TWDB of rating changes on its outstanding bonds within five (5) business days of the change. 12) Provide other special financial services as requested by TWDB’s Executive Administrator, Chief Financial Officer, Development Fund Manager, General Counsel, Director of Debt and Portfolio Management, or other person with written authorization from the Executive Administrator to request such services, a copy of which will be delivered to the advisor. B. The financial advisor will be responsible for all duties and services necessary or advisable to facilitate the issuance and administration of bonds and other obligations. As such, duties in connection with a debt transaction, including new money issuance and administration of bonds and other obligations, include but are not limited to the items listed below. If a transaction is undertaken competitively, the services of the financial advisor will be modified to reflect that process. 1) Advise the staff of new or changing developments and regulations in the municipal bond industry. 2) Monitor and advise on refunding opportunities, debt defeasance, and other financial products that would help lower the cost of borrowing money and provide updates on market conditions and indicative pricing levels. 3) Provide recommendations on the marketing of bonds including methods for enhancing the rating, advice on bond covenants, pledge of revenue, flow of funds, legal coverage requirements, municipal bond market trends, and timing of issuances.
