Specifications include, but are not limited to: Generally, the Delaware Transportation Authority issues revenue bonds to finance its capital needs through its Transportation Trust Fund. However, the 301 Bonds described in this RFP are secured by a pledge of the new toll revenues upon completion of US301. Under its current plan of finance, DTA intends to issue up to $230 million bonds amortizing Page 3 over 40 years to finance the construction of the US301 project with the expansion and improvement of US301 through Delaware. Underwriters will be expected to: i. Recommend structures for debt issuance and alternatives to minimize overall debt service costs and maximize debt capacity; ii. Assist in drafting and reviewing relevant bond documents, including, but not limited to, official statements, bond resolutions and indentures; iii. Assist in preparations, discussions, and meetings with rating agencies, and investors; etc.
