PVD21-216 - ARBITRAGE REBATE COMPLIANCE SERVICES

The successful responder shall provide for each issue, but not limited to, the following:
1. Assess all outstanding bond issues to determine the existing level of arbitrage compliance and
future compliance needs.
2. Calculate bond yields.
3. Calculate excess investment earnings, if any, required to be rebated to the Federal
Government within the legally permitted time period.
4. As appropriate, calculate any yield reduction amount on any funds that are yield restricted.
5. Provide a report identifying amounts of arbitrage. Reports are to be prepared annually through
fiscal year end (8/31) and at 5 year intervals on the anniversary dates of the bond.
6. Assist the as necessary in the event of an Internal Revenue Service (IRS) inquiry.
7. Provide consultation as necessary regarding arbitrage matters.
8. Provide assistance and consultation as necessary to retain records and documentation at
least six (6) years after the issue's final maturity.
9. Provide documentation certifying arbitrage calculation results are consistent with the 1986
Rebate Provisions, as amended.
10. Prepare necessary reports and IRS forms to accompany any required payment to the Federal
Government.