Government Contract | Texas
Short-Term Liquidity Facility for Texas Economic Development Bank - Texas Leverage Fund Program

Bid Information


Bid Alert No: 00000471470

Bid Title: Short-Term Liquidity Facility for Texas Economic Development Bank - Texas Leverage Fund Program

Agency Bid No. Title: 301-6-0545

Received Date: 01/28/2016

Close Date: 02/10/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 02/03/2016 05:00 PM

Specifications

Specifications include, but are not limited to:The Texas Economic Development Bank ("EDB") within the Economic Developmentand Tourism Office of the Office of the Governor of Texas ("OOG"), is issuing thisRequest for Proposal ("RFP") to solicit proposals for an irrevocable direct pay letter ofcredit to provide credit enhancement and liquidity support, or a direct placementaffangement, for the EDB's Taxable Commercial Paper Note Program for operation ofthe Texas Leverage Fund program. The EDB's goal is to have a new liquidity providerin place by not later than April lr2016 that will provide both a cost-effrcient means forshort-term borrowing and minimizethe cost associated with maintaining the program.Any proposal submitted should be to provide support for an outstanding aggregateprincipal amount of $25 million plus required interest coverage, with respect to a letter ofcredit. Joint proposals will not be accepted.

Product Codes: 94630, 94654, 94649, 94629, 94625, 94675

Agency Information


Issuing Agency: State of Texas - Office of the Governor

State: Texas

Agency Type: State and Local

Contact: Liz Reid

Phone: 512-936-9503

Email: liz.reid@gov.texas.gov

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