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.)