OAR 170-061-0300: Selection of Underwriters and Advisors by the State Treasurer

(1) Underwriters. OST may select underwriters for the State’s bond programs either through a direct appointment and negotiated process with a single firm or with multiple firms or through the issuance of requests for proposals for a single firm or multiple firms. OST may determine to select one or more underwriters for each bond finance program operated by a state agency. Generally, underwriting firms will be selected to participate in a syndicate of underwriters for a bond finance program for a period not to exceed three years, unless at the discretion of OST circumstances exist to extend such period. If OST issues requests for proposals, such proposals shall be published on the website of the OST and sent to all firms on the Treasurer’s Underwriter Bidders List. Any firm interested in receiving requests for proposals for underwriters must provide their name, address, e-mail, telephone number and names of contact individuals to the OST with a request to be added to the Underwriter Bidders List. (2) Financial and other Advisors or Service Providers. OST may select financial advisors, bond counsel and other providers of services in connection with the State’s bond programs either through a direct appointment and negotiated process with a single firm or with multiple firms or through the issuance of requests for proposals for a single firm or multiple firms. OST may determine to select one or more service providers for each bond finance program operated by a state agency.