NIGP 94926: Financial and Accounting Service, Notes and Loans

NIGP 94926 Financial and Accounting Service, Notes and Loans (Item) encompasses state and local procurement of credit facilities, loan administration, financial advisory services, and specialized accounting support tied to municipal debt, utility financing, and program lending. Recent state and local solicitations under this code reflect demand for short-term liquidity facilities (tax-exempt variable-rate lines of credit for utility capital improvements), loan servicing and underwriting for revolving loan funds and mortgage portfolios, swap advisory services for existing debt instruments, student loan servicing, arbitrage rebate compliance consulting, and audit services supporting federal funding allocation and financial statement certification. Issuing bodies span utility commissions, county and municipal finance departments, school districts, transit authorities, and state education agencies; repeat buyers include New Smyrna Beach Utilities Commission (Florida), Sacramento County, Pinellas County, and the Illinois Student Assistance Commission. Work types reflect both ongoing operational support (monthly rate validation for interest-rate swaps, annual loan servicing) and episodic engagements (one-time loan underwriting for brownfield cleanup projects, single-year audit services).

Recent activity concentrates in Florida, Pennsylvania, Arkansas, California, Connecticut, Illinois, and Georgia. Representative recent solicitations include New Smyrna Beach Utilities Commission's Invitation to Negotiate (ITN 06-26) for a tax-exempt non-revolving line of credit up to $30 million for utility capital improvements, with sealed proposals due February 10, 2026; Montgomery County, Pennsylvania's RFP for homeownership counseling and financial literacy services supporting its First Time Homebuyers Program, proposals due October 19, 2026; Sacramento County's RFP for swap advisory services (four-year contract with option to extend one year) addressing existing interest-rate swaps on pension obligation and water agency revenue bonds, proposals due August 21, 2026; and the City of New London, Connecticut's RFP for EPA Brownfields Revolving Loan Fund loan underwriting services (contract through September 30, 2028, anticipating three to four loan closures). The Illinois Student Assistance Commission pursued a sole-source contract award to Nelnet Servicing LLC for FFELP student loan servicing ($170,000 annual value, September 15, 2026 through September 14, 2027), justified on economic infeasibility of portfolio transition.