Arbitrage Rebate & Yield Restriction Services

Galveston County is conducting a Request for Qualifications (RFQ #25-063) for Arbitrage Rebate & Yield Restriction Services, seeking an experienced firm to provide comprehensive financial compliance services for the county's tax-exempt bond issues. The solicitation requires a qualified vendor to prepare arbitrage rebate calculation reports, yield restriction reports, and related compliance documentation. Specific deliverables include verifying bond rebate requirements, calculating bond yields, identifying gross proceeds, calculating excess investment earnings, preparing compliance reports with executive summaries, training county staff, and assisting with record retention. The evaluation process will assess respondents across three key criteria: qualifications and experience (40 points), understanding of the project and approach (35 points), and references and similar engagements (25 points). The RFQ was released on August 28, 2025, with proposals due by September 26, 2025, at 2:30 PM CST, which can be submitted electronically through Bonfire Interactive's e-Procurement Portal or physically delivered to the Galveston County Purchasing Agent.

The solicitation does not explicitly indicate specific set-aside designations or restrictions for disadvantaged enterprises. Insurance requirements are clearly defined, mandating commercial general liability insurance of $1,000,000 per occurrence and $2,000,000 in aggregate, business automobile liability coverage of $1,000,000, and workers' compensation insurance. Respondents must submit one original and two hard copies of their statement of qualifications, accompanied by mandatory attachments including conflict of interest questionnaires, debarment certifications, non-collusion affidavits, and professional references. While no specific contract value or budget range is mentioned, the procurement follows a qualifications-based selection process under Texas Government Code Title 10, allowing the county to select the most qualified provider through a negotiation process. The county reserves the right to reject any and all submissions, with the potential for selecting the firm through a combination of written materials and potential follow-up interviews.