Renewal Notice - GOMB Bond Issue Underwriting Services

The State of Illinois, through the Governor's Office of Management and Budget (GOMB), is renewing and extending its previously awarded senior and co-manager bond underwriting pools for a term expiring on June 30, 2025. This is not a new solicitation, but rather a renewal notice. The senior manager pool includes 15 firms, and the co-manager pool includes 18 firms, with several designated as Minority/Women-Owned Business Enterprises (M/WBE) and Veteran-owned businesses. The renewal is being posted due to the withdrawal and cessation of underwriting services by several previously selected firms. The selected firms will be eligible to serve as senior managers and co-managers on the State of Illinois' bond issues under the General Obligation Bond Act and the Build Illinois Bond Act.

The renewal is being made pursuant to a previous solicitation, 20-507GOMB-MGMTB-B-12092, which originally established the underwriting pools. The renewal notice does not include any new evaluation criteria, as the pools are being renewed and extended rather than newly selected. The deadline for this renewal notice is March 26, 2024, and no further submissions are required from the firms currently in the underwriting pools.