NIGP 94980: Service Charges, Notes & Loans

NIGP 94980 Service Charges, Notes & Loans, an Item code, encompasses financial service fees and transaction costs that state and local governments incur when borrowing, managing debt, or servicing loans and notes. State and local treasurers, finance departments, and capital-planning offices purchase these services to cover fees charged by underwriters, bond counsel, rating agencies, and financial advisors in connection with municipal bond issuance, short-term borrowing, and debt refinancing activities. The code captures the transaction costs embedded in larger financing operations rather than the principal or interest on the debt itself — costs such as underwriting fees, legal review, credit ratings, and administrative charges tied to note and bond offerings. Issuing bodies include state treasury offices, county finance departments, municipal finance offices, and special-purpose districts managing capital projects or operating revenue bonds.

The source does not provide recent state and local contract opportunities, geographic spread data, or named issuing bodies soliciting under this code. Activity under NIGP 94980 is typically embedded within larger debt-issuance and capital-financing processes rather than posted as standalone RFPs or RFQs; state and local finance departments typically negotiate these service fees directly with underwriters and financial advisors selected through established vendor relationships or cooperative purchasing frameworks rather than through open competitive solicitations.