Government Contract | Massachusetts
MASSDOT BANK LIQUIDITY FACILITIES

Bid Information


Bid Alert No: 00000425449

Bid Title: MASSDOT BANK LIQUIDITY FACILITIES

Agency Bid No. Title: Not Stated

Received Date: 12/01/2015

Close Date: 01/14/2016

Purchase Type: One year/12 month contract.

Delivery Point: Not Stated, Massachusetts

Delivery Date: Not Stated

Special Notices: Questions Due By 12/07/2015 05:00 PM

Specifications

Specifications include, but are not limited to: The Massachusetts Department of Transportation (MassDOT) Office of the Chief Financial Officerrequests responses from qualified firms interested in providing replacement liquidity facilities forMassDOTs Metropolitan Highway System Revenue Bonds Senior 2010 Series A-1, Senior 2010Series A-2, Subordinated 2010 Series A-1 and Subordinated 2010 Series A-2 (collectively, theVariable Rate Bonds). All of the Variable Rate Bonds with the exception of the Senior 2010 SeriesA-2 are currently in weekly rate mode. The Senior 2010 Series A-2 are currently in index rate mode.A summary of the Variable Rate Bonds is provided on Exhibit A. Additional information, includingcopies of offering documents, MassDOTs Annual Report for the Fiscal Year ended June 30, 2014,and MassDOTs Audited Financial Statements for the Fiscal Year ended June 30, 2014, have beenfiled with the Municipal Securities Rulemaking Boards Electronic Municipal Market Access(EMMA) system at EMMA.MSRB.org. MassDOT updates its disclosure frequently and the latestversion of all documents can be found on EMMA.Bidders will be expected to provide general bank liquidity services to MassDOT. MassDOT expectsto select one or more banks pursuant to this Request for Response (RFR or Solicitation) toprovide bank liquidity in the form of a standby bond purchase agreement or an irrevocable letter ofcredit for the Variable Rate Bonds. If MassDOT determines that it is in its best interests (based onthe strength of the submissions received and market conditions), it may also select a bank to provideliquidity on other outstanding VRDBs with the same security as the Variable Rate Bonds should oneof its existing bank liquidity providers be downgraded during the period in which this RFR isoccurring. Accepted offers of liquidity may support one or more of these identified needs.

Product Codes: 94625, 94675

Agency Information


Issuing Agency: Commonwealth of Massachusetts - Department of Transportation

State: Massachusetts

Agency Type: State and Local

Contact: Elizabeth A.Pellegrini, Revenue and Debt Management MassDOT, 10 Park Plaza, Boston, Massachusetts, 02116

Phone: 617-999-9999

Email: beth.pellegrini@state.ma.us

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