Arbitrage Consulting Services
| Agency | Court Services [FL] |
|---|---|
| Deadline | 07/15/26 |
| Posted | 06/15/26 |
| Estimated Value | $25,000 - $150,000 (AI estimate) |
| Set Aside | Not Provided |
| NAICS | Not Provided |
| PSC | Not Provided |
| Location | Florida |
Work Requested
Okaloosa County, Florida is seeking qualified firms to provide Arbitrage Consulting Services. The primary work under this contract includes: - Conducting arbitrage rebate calculations for the County's tax-exempt bonds, notes, certificates, or other obligations (collectively referred to as Obligations ). - Ensuring compliance with Section 148 of the Internal Revenue Code and U.S. Treasury Department regulations regarding arbitrage rebate requirements. - Assisting with the preparation and submission of arbitrage rebate payments to the Internal Revenue Service as required. - Reviewing and interpreting Trust Indentures and Non-arbitrage Certificates related to the County's bond issues.
Requesting Entity
This solicitation is issued by Okaloosa County, Florida.
Background
Okaloosa County issues tax-exempt Obligations to finance acquisition and construction projects within the County. Arbitrage occurs when the County invests bond proceeds at a yield higher than the borrowing yield on its bond issue. The County must comply with federal tax laws to maintain the tax-exempt status of its Obligations, which includes calculating and, if necessary, rebating arbitrage earnings to the IRS.
Contract Requirements
The selected Arbitrageur (service provider) will be responsible for: - Providing arbitrage rebate services as described in this solicitation. - Ensuring all calculations and filings adhere to the requirements of Section 148 of the Internal Revenue Code and relevant U.S. Treasury regulations. - Utilizing and referencing key documents such as the Trust Indenture and Non-arbitrage Certificate for each bond issue.
Submission Instructions
Interested parties should submit their qualifications and proposals in accordance with the instructions provided in this ITQ.
Additional Information
Definitions for key terms used in this solicitation include: - Arbitrage: The investment of bond proceeds at a yield higher than the borrowing yield on the bond issue. - Arbitrageur: The entity providing arbitrage rebate services.
Arbitrage Rebate
The payment of arbitrage earnings to the IRS as required by law.
Trust Indenture
The document outlining the terms of the bond issue and appointing a trustee.
Non-arbitrage Certificate
The key tax document describing rebate requirements for the bond issue.
No same-region records available.