Arkansas Development Finance Authority Student Loan Revenue Bonds Underwriter RFP 2026
Arkansas Development Finance AuthorityState · Little Rock, AR- Due
- Mar 25, 2026
- Deadline passed
- Posted
- Jan 22, 2026
- Contract term
- 3 years
- Primary contact
- Ro Arrington
- (501) 682-5910
The 30-second brief
The Arkansas Development Finance Authority (ADFA) is seeking proposals from investment banking firms to serve as Underwriter for Student Loan Revenue Bonds. The Authority anticipates a financing transaction in the fall of 2026 for approximately $40,000,000.
A one-page transmittal letter; Proposal addressing Investment Banking Firm Experience and Personnel, Comments on Scope of Services, Rationale for Appointment and Recent Experience, Marketing of the Authority's Student Loan Revenue Bonds, Fee Proposal, And Equal Opportunity Statement.
Qualifications of the underwriter; Current commitment to municipal finance and, specifically, student loan revenue bond issues; Prior experience with student loan revenue bond issues including size, scope and structure; Qualifications of staff assigned to the student loan program and the team; Demonstrated marketing ability and resources, particularly in selling to retail and institutional investors; Net capital of firm and application of that capital to ensure placement; Merits of any proposed financing structures or other program initiatives including the potential for future financings; Responsiveness of written proposals to the scope of services; Proposed management fee, if any, and expected takedown by maturity.
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Summary
The Arkansas Development Finance Authority (ADFA) is seeking proposals from investment banking firms to serve as Underwriter for Student Loan Revenue Bonds. The Authority anticipates a financing transaction in the fall of 2026 for approximately $40,000,000.
EVALUATION CRITERIA
9- Qualifications of the underwriter
- Current commitment to municipal finance and, specifically, student loan revenue bond issues
- Prior experience with student loan revenue bond issues including size, scope and structure
- Qualifications of staff assigned to the student loan program and the team
- Demonstrated marketing ability and resources, particularly in selling to retail and institutional investors
- Net capital of firm and application of that capital to ensure placement
- Merits of any proposed financing structures or other program initiatives including the potential for future financings
- Responsiveness of written proposals to the scope of services
- Proposed management fee, if any, and expected takedown by maturity
REQUIRED DELIVERABLES
A one-page transmittal letter; Proposal addressing Investment Banking Firm Experience and Personnel, Comments on Scope of Services, Rationale for Appointment and Recent Experience, Marketing of the Authority's Student Loan Revenue Bonds, Fee Proposal, And Equal Opportunity Statement.
REQUIRED ATTACHMENTS
Equal Opportunity Policy
- Submit to
- [email protected]
Questions about this RFP
How do I respond to this RFP from Arkansas Development Finance Authority?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is March 25, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Ro Arrington.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Arkansas Development Finance Authority in AR, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Ro Arrington at (501) 682-5910. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: A one-page transmittal letter; Proposal addressing Investment Banking Firm Experience and Personnel, Comments on Scope of Services, Rationale for Appointment and Recent Experience, Marketing of the Authority's Student Loan Revenue Bonds, Fee Proposal, And Equal Opportunity Statement.. Proposals should clearly address how each deliverable will be met.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Qualifications of the underwriter; Current commitment to municipal finance and, specifically, student loan revenue bond issues; Prior experience with student loan revenue bond issues including size, s..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Arkansas Development Finance Authority?
All active and historical solicitations from Arkansas Development Finance Authority are tracked and searchable. As a state agency, Arkansas Development Finance Authority regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 3 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Equal Opportunity Policy. Review the full document from Arkansas Development Finance Authority for the complete list.