Request for Proposals for Bond and Disclosure Legal Counsel Services

The Texas Comptroller of Public Accounts is soliciting proposals from qualified independent attorneys and law firms specializing in public finance law to serve as bond and disclosure legal counsel. The selected firms will provide as-needed legal services regarding the issuance of Tax and Revenue Anticipation Notes, Commercial Paper Notes, and other debt instruments authorized under Chapter 404, Subchapter H of the Texas Government Code. Key responsibilities include rendering written legal opinions on the validity and binding nature of notes under Texas law, tax status under federal income tax laws, and status under federal securities law, as well as providing ongoing compliance support and monthly status reports. The scope specifically excludes advice regarding litigation or contested matters. The contract is scheduled for an initial term from January 1, 2027, through December 31, 2028, with the Comptroller holding the option to extend for two additional one-year periods and a final six-month transition term. Award decisions will be based on the best value standard, with 100% of the score weighted on the respondent's demonstrated competence, knowledge, and qualifications. Compensation will be based on hourly rates for partners, non-partner attorneys, and paralegals, following the guidelines set by the Office of the Texas Attorney General. Proposals must be submitted electronically by September 15, 2026, and must include a VetHUB subcontracting plan and various certifications, including compliance with the Americans with Disabilities Act and the Drug-Free Workplace Act. Respondents must also adhere to Texas-specific requirements, such as the Buy Texas affirmation and certifications regarding child support eligibility and the prohibition of vaccine passports. Payments will be processed in accordance with the Texas Prompt Payment Act, typically within thirty days of a properly submitted invoice.