Request for Proposal
Independent Auditor
The Authority is a quasi-public agency and political subdivision of the State of Connecticut and is a conduit issuer of tax-exempt bonds issued on behalf of eligible non-profits in the State of Connecticut pursuant to Connecticut General Statutes Chapter 187, Sections 10a-176 through 10a-198. These tax-exempt bonds are financial obligations of the underlying obligor on whose behalf CHEFA issues the bonds. The issuance of tax-exempt bonds can provide funds for construction and renovation projects, the refinancing of eligible existing debt, funding of Debt Service Reserve Funds (if applicable), and funding of issuance costs.
The Authority has three subsidiaries (component units): the Connecticut Higher Education Supplemental Loan Authority (“CHESLA”), the Connecticut Student Loan Foundation (“CSLF”) and CHEFA Community Development Corporation (“CHEFA CDC”) (CHEFA and its subsidiaries collectively the “Authority”). Please see RFP for scope of services and additional requirements.
Proposal Schedule
Request for Proposal Issued – December 2, 2024
Proposal Questions are due no later than 5:00 p.m. – December 9, 2024
Responses to Questions will be posted on – December 11, 2024
Proposals are due no later than 5:00 p.m. – January 15, 2025
Notification of Interviews, if any, no later than – February 7, 2025
Interviews, if necessary, with the Audit-Finance Committee – February 19, 2025
Audit-Finance Committee Action/Selection – February 19, 2025
