Legislative officials in New Jersey are reviewing 12 applications for financial advisory and tax consultant services to evaluate Gov. Jon Corzine's debt restructuring plan, which involves the state selling up to $38 billion of debt backed by future toll hikes.
The Office of Legislative Services Monday received five responses for financial consultant and seven proposals for tax adviser after the department released a request for offers on Feb. 11. NW Financial Group, Scott Balice Strategies LLC, Lazard Freres & Co., Infrastructure Management Group Inc., and thePublic Private Strategy Group applied for the financial adviser position and Katten Muchin Rosenman LLP, Sidley Austin LLP, Bryan Cave LLP, Patton Boggs LLP, Foley & Lardner LLP, Cozen O'Connor, and Fulbright & Jaworski LLP submitted applications to review the tax-exempt status of Corzine's plan. Legislative leaders from the Senate and the General Assembly will review the candidates.