200 KAR 21:020.

Evaluation factors for bond counsel and underwriters.

 

      RELATES TO: KRS

45A.853

      STATUTORY

AUTHORITY: KRS 45A.853, 45A.879

      NECESSITY,

FUNCTION, AND CONFORMITY: KRS 45A.853 provides that the Office of Financial

Management and Economic Analysis shall consult with the bond issuing agency to

arrive at a request for proposals for bond counsel and underwriter for a bond

issuance. KRS 45A.853 further provides that the relative weight of the

evaluation factors shall be included in the request for proposals. This

administrative regulation establishes some of the evaluation factors which

shall be included in a request for proposals for bond counsel or underwriters.

 

      Section 1.

Evaluation Factors for Bond Counsel and Underwriters. The Office of Financial

Management and Economic Analysis, after consulting with the bond issuing

agency, shall develop a request for proposals for bond counsel or underwriter,

as applicable, for the bond issuing agency or bond project. The request for

proposals shall include the relative weight of the evaluation factors. The

total points for all evaluation factors shall not exceed 100 points. The

evaluation factors shall include, but not be limited to, the following:

      (1) For requests

for proposals for bond counsel services:

      (a) Relevant

experience of the firm.

      (b) Experience

and availability of the individual firm members proposed to work on the bond

issuance.

      (c) Proposed

fee.

      (2) For requests

for proposals for underwriter services:

      (a) Relevant

experience of the firm.

      (b) Experience

and availability of individual firm members proposed to work on the bond

issuance.

      (c) Proposed fee

or fee structure.

      (d) Proposal of

alternative and recommended financing structure(s).

      (e) Proposal of

a marketing plan for proposed transaction(s) and description of the municipal

bond distribution capabilities of the firm, where applicable. (21 Ky.R. 1987;

eff. 3-22-95.)