ESBD_477963_1768246513097_Questions & Answers 301-26-06320.pdf

This is a Questions & Answers document related to Request for Proposals No. 301-26-06320 issued by the State of Texas Office of the Governor, Economic Development and Tourism Office, for Financial Advisory Services for Texas Economic Development Bank Programs. The solicitation seeks qualified financial advisors to provide comprehensive financial advisory services on an as-needed, project-by-project basis, including bond issuances, lending practices, portfolio management, and activities authorized under Texas Government Code Chapters 481 and 489. Key services encompass determining bond offering timing and sizing, developing financing plans, preparing rating agency information, assisting with credit enhancements, coordinating with the Texas Bond Review Board and Attorney General's office, managing closing procedures, and administering the Bank's debt programs. Proposals were due January 26, 2026, at 2:00 PM Central Time. The initial contract term runs from the effective date through August 31, 2026, with potential renewals for up to three additional twelve-month periods through August 31, 2029, and a possible six-month extension.

The State of Texas will evaluate proposals using weighted criteria: Company Information and Financial Responsibility (5%), Experience, Qualifications, and References (15%), Response Content and Responsiveness (15%), Proposed Solution (30%), and Compensation Sought (35%). A Historically Underutilized Business (HUB) Subcontracting Plan is required, with specific opportunities identified under NIGP Class 946-48 (Financial Advisor services). Contractors must assign a dedicated Account Manager subject to OOG approval, with all key professional staff requiring state approval and potential criminal history background checks. Contractors must maintain commercial general liability insurance with minimum coverage of $1,000,000 per occurrence and $2,000,000 aggregate. The contract may be partially funded by American Rescue Plan Act (ARPA) federal funds, requiring compliance with 2 CFR Part 200 and applicable federal regulations. Contractors must file annual Disclosure Statements for Outside Financial Advisors and Service Providers and comply with extensive certifications regarding debarment, sanctions, and conflicts of interest.