Description
The Texas Water Development Board (TWDB) is seeking a financial advisor to provide comprehensive and cost-effective analytical and advisory services for its financial assistance programs. The selected contractor will be responsible for providing ongoing non-transactional services, including financial planning, policy development, and debt management. The contractor will also be required to provide duties in connection with debt transactions, including new money issuance, refunding, and defeasance activities. Some key responsibilities include:
• Assist in the formulation of financial and debt policies and administrative procedures for TWDB financial assistance programs.
• Develop or review customized Excel cash flow models for TWDB's financial assistance programs.
• Analyze or review Excel models for a program's funding capacity.
• Provide debt service schedules reflecting varying interest rates, issue sizes, and maturity structures.
• Attend meetings with staff, consultants, and other professionals related to TWDB and its programs.
• Undertake other financial planning and policy development assignments requested by program managers.
The contractor will be required to have experience serving as a financial advisor for pooled municipal obligations of general obligation and revenue bond issues. The contract term will be from March 1, 2026, to February 29, 2028, with the option to renew up to 3 times for one additional year. The maximum total project cost will not exceed $6,075,000.00.