UNSPSC 64111604: Medium- term note

Negotiable debt instrument offered under a program agreement through one or more dealers upon request of the issuer. The program defines the terms and conditions of the note

UNSPSC 64111604 Medium-term note is a Commodity code under which state and local governments procure financial consulting, brokerage, and advisory services related to employee benefits, municipal financing, insurance risk management, and public fund management. The recent opportunities show substantial activity across benefit consulting (plan design, broker services, compliance coordination), investment advisory for retirement and other post-employment benefit trust funds, commercial paper liquidity facilities for capital programs, and specialized financial services such as arbitrage rebate calculations for tax-exempt bond compliance. State and local issuers span counties (Henry County Georgia, Okaloosa County Florida, Williamson County Texas), cities (Sarasota Florida, Dallas Texas, St. Petersburg Florida, Milton Florida), independent school districts (Schertz-Cibolo-Universal City ISD in Texas), higher-education institutions (George Mason University in Virginia, Texas A&M University), state agencies (Washington Department of Revenue, Illinois State Board of Education), and university systems (Board of Regents of the University System of Georgia). Henry County Georgia and Williamson County Texas are repeat buyers under the code, both soliciting employee benefit broker consulting services within the past two months.

Recent activity concentrates in the South and Southwest. Henry County Georgia issued RFP 27-01 for employee benefit consulting and broker services with proposals due August 11, 2026, emphasizing plan analysis, carrier relationship management, Section 125 Cafeteria Plan administration, COBRA and HIPAA compliance, and employee enrollment services. The City of Sarasota Florida issued RFP 26-36HR for investment consulting services for its OPEB Trust Fund (approximately $60 million in assets with $1 million annual outflows) with proposals due August 19, 2026, seeking asset-based fee structures in basis points. Williamson County Texas issued RFP 26RFP50 for benefit broker consulting services due July 9, 2026, covering benefits program design, financial plan performance, regulatory compliance, claims audits, and enrollment support. Texas A&M University and other higher-education and municipal buyers have also posted opportunities in freight forwarding, commercial paper liquidity, and unclaimed property auditing—services tangentially related to financial infrastructure but distinct from the core benefit and investment advisory work dominating this code's recent activity.