CHICAGO — Financial advisers interested in working with Ohio on the financing of $60 million for new information technology services have until next Wednesday to submit proposals. The Office of Budget and Management and the Ohio Office of Information Technology are seeking a firm to advise the state on financing the $45 million to $55 million acquisition of a tax collection and audit software system, and the $10 million to $15 million enhancement of a resource-planning software system.“We anticipate making a selection prior to the Christmas holiday,” said Kurt Kauffman, state debt manager for the budget office. The state is considering a number of options for financing the technology services, including direct payments to vendors, lease purchase agreements with vendors, tax-exempt leasing arrangements offered through financial institutions, and the issuance of certificates of participation.The selected firm is banned from serving as underwriter on the transaction, and the fee will be negotiated after selection but total compensation will be limited to no more than 0.20% of the amount financed, according to the RFQ.
-
"Bond market investors are all wishing that April was behind us as they are anxious to hear the Fed's statement at its next FOMC meeting," noted BofA Global Research. "The statement should be no surprise as the market consensus has converged to 'higher for longer' rates.
21m ago -
CDIAC's revamped website, which launches May 1, will offer accessibility to state and local debt from issuance through maturity; and the ability to create summary reports based on search features.
2h ago -
The Governmental Accounting Standards Board is looking for feedback on disclosure requirements related to infrastructure projects.
2h ago -
The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
4h ago -
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
6h ago -
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
7h ago