Financial Advisor for TDA and the Texas Agricultural Finance Authority

The Texas Department of Agriculture (TDA), on behalf of TDA and the Texas Agricultural Finance Authority (TAFA), is seeking to procure financial advisory services through a Request for Proposal (RFP). The requested services include facilitating the issuance of public securities, creating and implementing financing programs, providing financial analysis and recommendations, developing financial models, and monitoring current TDA/TAFA practices and programs. Respondents must demonstrate financial stability, relevant experience, and understanding of Texas laws and procedures related to bond issuance and finance programs. Responses are due by 3:00 PM CT on 11/4/2024, and the initial contract term is from the effective date through 8/31/2025, with options to renew for up to three additional one-year periods. The contract will be awarded based on qualifications and experience, the proposed plan for providing services, and the reasonableness of the proposed cost, with the goal of selecting the proposal that provides the best value to the state.

This procurement will include HUB and VOSB set-asides, and the total contract value will depend on funding availability and participation levels. The services will be funded through TANF federal block grant allocations to the state of Texas. No information is provided on incumbent contractors or the current service environment.