CHICAGO — Law firms interested in working on future Wisconsin state bond sales have until Aug. 6 to submit their qualifications for review.
The state on Tuesday issued a request for qualifications for bond counsel on its various general obligation and revenue-backed bonds, certificates of participation, and operating notes.
The list would be used for a period of between one to three years beginning in September.
Firms put on the qualified list could be called upon to provide legal services on draft legislation and other matters in addition to traditional bond counsel and tax opinion work.
Interested firms will be ranked based on a point system that reviews their understanding of Wisconsin obligations, the state’s constitution and debt rules, national public finance experience, the qualifications of their team and individual attorneys, and costs.
Wisconsin has just wrapped up three bond issues in recent months.
Capital finance director Frank Hoadley and Gov. Scott Walker will meet with rating agencies next week in New York City to get an update on the state’s fiscal position.
Wisconsin’s $7.5 billion of outstanding GOs have mid-double-A ratings and a stable outlook.