Approved Consultants

Pursuant to State Statute, the Authority issues periodic Request for Qualifications to provide services to the Authority’s clients. In accordance with the submissions, the Board approves consultants for a period not to exceed 3 years. Additional approvals may occur on a rolling basis and will be considered on a case-by-case basis. The last formal RFQ occurred in 2025.

Bond Counsel

Day Pitney LLP

Pullman & Comley LLC

Hawkins Delafield & Wood LLP

Robinson+Cole LLP*

Hinckley Allen & Snyder, LLP*

Troutman Pepper Locke LLP

Underwriting Guidelines

Official documentation and requirements.

The Authority may issue bonds that have been assigned an investment grade rating by one or a combination of the nationally recognized rating agencies (Moody’s Investor’s Service Inc., S&P Global Ratings, Fitch Ratings, Kroll Bond Rating Agency, Inc.) through a public offering. The bonds may be sold in minimum denominations of $5,000.

For bonds that have not been assigned an investment grade rating or are nonrated, the Authority may issue bonds through a limited public offering with minimum denominations of $100,000. The bonds in such an offering would be sold only to Qualified Institutional Buyers or Accredited Investors and must include an investor letter.

The Authority’s management reserves the right to waive the minimum denominations and investor letter requirements for specific limited public offering transactions, with the transaction and waiver subject to final approval by the Authority’s Board of Directors.

The above requirements do not apply to direct or private placements of debt.

Underwriting Senior Managers & Co-Managers

Senior Managers

Staff recommends the appointment of the following firms to serve as senior managing or co-managing underwriters for a period not to exceed three years:

Barclays

D.A. Davidson & Co.

Huntington Capital Markets

KeyBanc Capital Markets

Oppenheimer & Co, Inc.

Raymond James & Associates

Siebert Williams Shank & Co*

TD Securities

Ziegler Capital Markets Group

Blaylock Van, LLC*

Goldman Sachs & Co.

Jefferies LLC

Loop Capital

PNC Capital Markets LLC

RBC Capital Markets

Stern Brothers & Co.*

UMB Bank, n.a.

Cabrera Capital Markets

Herbert J. Sims & Co.

J.P. Morgan Securities

Morgan Stanley & Co., Inc.

Ramirez & Co, Inc.*

Roosevelt & Cross, Inc.

Stifel Nicolaus

Wells Fargo

Co-Managers

Staff recommends the appointment of the following firms to serve as co-managers for a period not to exceed three years:

Academy Securities*

Essex Securities, LLC

Rockfleet Financial Services, Inc.*

American Veterans Group*

Fidelity Capital Markets

San Blas, LLC*

* Indicates a minority/woman owned firm