The specific services the Commission may request include: • Analyze unrated bond issues for soundness, feasibility, and risk to the Commission. • Review bond documents and attend special meetings related to bond transactions. • Assist staff and bond counsel in negotiating financial and non-financial covenants of individual bond issues. • Participate in the pricing of fixed rate bond issues sold on a negotiated basis. Prepare a pre-pricing book and consult with the underwriters to establish a pricing scale acceptable to the borrower and the Commission. • For competitive sales, coordinate the pre-sale publicity, call for bids, evaluate bids, and make recommendations to the Commission regarding the sufficiency of bids and the award of bonds. • Prepare a report after each bond sale evaluating the performance of the managing underwriters and members of the syndicate in the marketing of the bonds. • Consult with and assist borrowers regarding the use of the Commission’s programs, and in evaluating and developing financing options, identifying credit enhancement, and selecting lenders and underwriters, if requested. • Consult with Commission staff and finance team regarding program and policy issues.
