Arbitrage Rebate Calculation and Opinion Service

The Bay County Board of County Commissioners in Panama City, Florida, is seeking a qualified vendor to provide arbitrage rebate calculation and opinion services. The agency needs to ensure full compliance with federal arbitrage regulations for its outstanding and future debt issues. To solve this compliance need, the agency requires a professional review of its debt portfolio, yield computations, and legal opinions on rebate liabilities. The scope of work covers computing yields on the agency's debt, calculating rebate amounts, determining yield reduction payments, and calculating spend-down penalty payments. The selected vendor must legally opine on all such computations and review all outstanding and future debt issues to determine the existing level of compliance. Additionally, the vendor must evaluate and make recommendations on the agency's current investment and record-keeping practices, perform annual calculations, and provide ongoing consultation on arbitrage-related matters. Eligible bidders must be onshore organizations based in the United States. The agency allows the selected vendor to perform all work offsite. Bidders must submit their proposals digitally via email or through the designated online portal, and the agency is currently looking for proposals to establish the budget. All questions regarding this procurement must be submitted no later than July 10, 2026.