Institutional Trustee Services

The New Mexico government authority is seeking institutional trustees to provide comprehensive trustee, registrar, paying agent, and related fiduciary services. The agency needs these services to support its current and future bond issuances and financing programs. To solve its administrative needs, the authority requires a trustee that can ensure accurate administration of bond funds and maintain strict compliance with governing indentures and applicable law. The scope of work covers proactive reserve and covenant monitoring, timely reporting, secure data management, and responsive support to the district and its professional advisors. The selected provider must perform all work offsite. The agency requires the trustee to demonstrate the capacity, experience, internal controls, technological capabilities, and service model necessary to manage these fiduciary duties. Eligible bidders must be onshore organizations based solely in the United States. The agency is currently looking for proposals to establish the budget and cost structure for these services. The source document does not specify evaluation criteria or key dates for this opportunity.