RFQ Bond Counsel Services

Agency:	State Government of Louisiana
State:	Louisiana
Type of Government:	State & Local
NAICS Category:	541110 - Offices of Lawyers
Posted Date:	Dec 15, 2025
Due Date:	Jan 12, 2026
Solicitation No:	40016-20251215BC
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Contact information:	Please Login to View Page
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Bid Number	Description	Date Issued	Bid Open Date/Time
40016-20251215BC	RFQ Bond Counsel Services Original: 40016-20251215BC	12/15/2025	01/12/2026 4:30:00 PM CT

Contact Information for Bid # 40016-20251215BC

Department	+- Comm/Tech College - La. Community & Technical College System
Section	Purchasing
Dept Code	40016
Contact	Gerald Mayeaux
Address	265 South Foster Dr. Baton Rouge, LA 70806
Phone	225-922-2800
Fax	225-922-1185
Email	gmayeaux@lctcs.edu
URL	http://www.lctcs.edu/

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REQUEST FOR QUALIFICATIONS

BOND COUNSEL SERVICES

Solicitation No. 40016-20251215 BC

LCTCS FACILITIES CORPORATION

(A LOUISIANA NON-PROFIT CORPORATION)

MULTIPLE PROJECTS PROGRAM FOR

THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM

ISSUE DATE: DECEMBER 15, 2025

REQUEST FOR QUALIFICATIONS

FOR BOND COUNSEL SERVICES FOR THE

LCTCS FACILITIES CORPORATION

December 15, 2025

The LCTCS Facilities Corporation (the “Corporation”) is considering the hiring of a qualified law

firm to provide bond counsel services as more fully described in the “Scope of Services” described

herein. This Request for Qualifications (the “RFQ”) seeks to provide the Corporation with a fair

and competitive process for the selection of bond counsel (“Bond Counsel”). The selected firm

will provide bond counsel services to the Corporation for a period of five (5) years, commencing

on the date the Bond Counsel is chosen and continuing until the end of the initial five-year term,

subject to review by the Corporation’s Board of Directors. Within this RFQ, firms responding

hereto will sometimes be referred to as “Proposer,” “Proposers,” or, when convenient and

appropriate, may be addressed as “you,” “your” or “yours.”

SECTION I.

Background Information

The Corporation is a Louisiana private non-profit public corporation validly existing and in good

standing under the laws of the State of Louisiana created for the purpose of administration,

financing, planning, acquisition, expansion and construction of quality facilities for the benefit of

students of the Louisiana Community and Technical College System (“LCTCS”). The

Corporation’s board of directors consists of civic leaders from geographic areas across the state,

who generously volunteer their time to represent the interest of the LCTCS, its colleges and the

State of Louisiana in providing oversight and accountability for building programs authorized by

the Louisiana Legislature.

The Corporation administers alternative financing facility projects on behalf of the LCTCS in

accordance with Louisiana Revised Statute 17:3394.3. Act 391 of the 2007 Regular Legislative

Session was Louisiana’s initial large-scale commitment to modernizing community and technical

college facilities. With funding for 23 projects totaling $172 million, Act 391 laid the foundation

for a new generation of workforce campuses. It responded to the urgent needs related to outdated

facilities, capacity constraints, and a growing demand for skilled labor. Building on that

foundation, Act 360 of the 2013 Regular Legislative Session provided an additional $287 million

in funding through a cost-sharing model between the state and local/institutional sources. The Act

360 program delivered 26 new or renovated facilities and reached a 14% private and local match

program wide. These modern facilities became engines of opportunity, resulting in increased

student enrollment, higher graduation rates, stronger industry partnerships, and improved

economic outcomes for communities.

Act 35 of the 2025 Regular Legislative Session will build upon a legacy of strategic capital

investment by leveraging existing resources to address Louisiana’s long-term workforce facility

needs. This program will expand facilities for high-demand training in sectors such as healthcare,

broadband, energy, manufacturing, and logistics. Additionally, it will replace outdated buildings

that no longer meet the technological or instructional needs of today’s workforce programs. This

program will leverage state investment to draw additional public and private funding, as each

project is required to provide a 12% local match prior to bond sale.

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Ultimately, Act 35 will utilize existing bond capacity as it becomes available as prior bonds mature,

thereby keeping future State general fund appropriation requirements the same as FY 2025. The

statutory cap for annual debt obligation for the LCTCS remains at $43,900,000. In addition to the

issuance of new money bonds, Act 35 may require the refunding or restructuring of other prior

LCTCS related bonds supported by the overall State appropriation.

In addition to the bond-financed programs, the Corporation may administer other types of projects

funded via direct local and/or federal funding. These projects will follow the same programmatic

governance as the bond-financed projects, although the funding will be handled differently.

Additionally, projects financed via the Capital Outlay process (state funds) may also be managed

in conjunction with economic development-related projects via the Louisiana Economic

Development (LED), Division of Administration (DOA), and other state agencies on a

reimbursement basis.

SECTION II. Municipal Advisor

The Corporation has retained Sisung Securities Corporation as its Independent Registered

Municipal Advisor (“Municipal Advisor”). The Corporation is represented by and will rely on the

Municipal Advisor to provide advice concerning municipal securities or municipal financial

products in connection with the implementation of its Act 35 financing program or the refunding

or restructuring of its Act 391 or Act 360 financing programs.

SECTION III. Minimum Qualifications

For the purposes of this RFQ, respondents must meet the following minimum qualifications:

(1) Proposer must have a fully staffed law office in the State of Louisiana and must assign

a partner or director as the primary attorney for the Corporation who is a resident of

Louisiana.

(2) Proposer must be listed as a bond attorney in the “Bond Buyers Municipal Marketplace”

Spring 2025 or later edition. Both the proposer and the primary attorney must have at

least 10 years of experience serving as bond counsel for Louisiana State and State agency

issuers.

SECTION IV. Scope of Services

At the request of the Corporation as needed, and in coordination with the Municipal Advisor and

Underwriter, the Bond Counsel will provide the following services:

(1) Commenting and providing input on the plan of finance and financing schedule in

connection with the issuance of the bonds.

(2) Evaluating legal aspects of various financing structures and proposing financing

methods to be considered for accomplishing the Corporation’s objectives in connection

with the bonds and being available to offer legal recommendations on various financing

structures for the bonds.

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(3) Drafting legal documents including but not limited to any necessary resolution, trust

indenture, bond form, loan agreement, ground lease, facilities lease, security agreement,

cooperative endeavor agreement, and tax documents.

(4) Reviewing and commenting on documents and opinions drafted by other parties

including but not limited to any official statement, bond purchase agreement, and

opinions.

(5) Rendering opinions as to the legality and tax-exempt status of the bonds.

(6) Serving as the primary legal closing coordinator among all parties including

coordinating document execution/delivery and preparation of transcripts.

(7) Preparing application materials and testifying before any regulatory, administrative and

legislative body and attending regularly scheduled and special meetings of the Board of

Directors of the Corporation and the Board of Supervisors of the LCTCS in connection

with the issuance of the bonds.

(8) Assisting in the rating process and providing interaction with the rating agencies.

(9) Reviewing and approving proposed donations to be made in satisfaction of the private

match requirements of Act 35.

(10) Furnishing such other typical bond counsel functions as requested.

SECTION V. Term of Appointment and Compensation

The Bond Counsel chosen in connection with this RFQ will be appointed to begin work

immediately upon notification of its selection and is to continue providing the services until the

end of the initial contract term, or until the extended period of the contract is met, whichever is

later. However, the Bond Counsel will be performing activities prior to the financing as set forth

in Act 35. Compensation to the Bond Counsel for services performed prior to financing will be

strictly contingent upon the financing and such financing will be a condition precedent to any

compensation becoming due the Bond Counsel. As such, the Bond Counsel knowingly assumes

the risk of never being paid for services rendered until such a time as the financing set forth in Act

35 is in place. The Bond Counsel agrees by submitting a response to this RFQ that until the

financing for the Program is in place as set forth in Act 35, the Corporation will not have any funds

to pay the Bond Counsel and, thus, in the event that the bond financing falls through or some other

event occurs that causes the termination of the Program before bond financing is complete, the

Bond Counsel will receive no compensation for work or services performed, or expenses incurred

by the Bond Counsel.

SECTION VI. Required Information

Firm Background. Provide your firm’s name and business address, date of formation, principal

places of business, organizational structure, years in practice and years of experience in providing

bond counsel services. Describe your firm’s presence in and commitment to the State of Louisiana.

Assigned Personnel. Please provide brief resumes or curriculum vitae of all attorneys in your firm

who would be assigned to work with the Corporation in connection with the issuance of the bonds.

Please specifically identify your firm’s anticipated lead attorney.

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References. Please list at least one and no more than three professional references, including names,

emails, addresses and telephone numbers of clients that are familiar with your firm’s work and

qualifications as Bond Counsel in areas similar to those envisioned in this RFQ.

Overall Qualifications. Succinctly explain the top three reasons why your firm should be chosen

as Bond Counsel. Describe specific instances of prior work that best illustrate your firm’s

qualifications in areas similar to those envisioned in this RFQ.

LCTCS Approach. Describe any prior work of your firm with the LCTCS or any of its institutions

or affiliates. Describe any unique or special considerations you believe the Corporation should

consider in issuing the Act 35 bonds.

Prior Experience. Provide a table/spreadsheet listing engagements in which your firm served as

bond counsel. Include separate columns for each of the following items and provide total par and

total issue count for items 3-8. Please cover the period January 1, 2020 through the present. Please

include this information in an appendix, which shall be exempt from the page limitation set forth

in Section VIII.

(1) Closing date

(2) Issuer and bond series

(3) Par amount

(4) Were bonds higher education related

(5) Were bonds appropriation dependent

(6) Were bonds issued through a non-profit corporation similar to the Corporation

(7) Were bonds for Louisiana issuers

(8) Did your lead attorney perform a similar role

Family and Business Relationships. Identify and describe fully any family or business relationships

(including legal representation) that any partners, directors, associates, staff or employees of your

firm may have or have had with any of the directors of the Corporation or with employees,

appointees or elected officials of the State of Louisiana or any State agencies, including the

LCTCS. Please include this information in an appendix, which shall be exempt from the page

limitation set forth in Section VIII.

Conflicts of Interest. Please disclose any conflicts of interest or potential conflicts of interest that

may arise if your firm is selected for this engagement, including any conflicts of interest or

potential conflicts of interest with the LCTCS or its institutions or affiliates. Failure to fully

disclose any potential conflict of interest will result in the automatic disqualification of your firm.

Please include this information in an appendix, which shall be exempt from the page limitation set

forth in Section VIII.

Malpractice Insurance. Provide information on the firm’s malpractice coverage, including limits,

and any past or pending claim on such coverage related to legal opinions. Please include this

information in an appendix, which shall be exempt from the page limitation set forth in Section

VIII.

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This page summarizes the opportunity, including an overview and a preview of the attached documents.

* Disclaimer: This website provides information about bids, requests for proposals (RFPs), or requests for qualifications (RFQs) for convenience only and does not serve as an official public notice. Individuals who wish to respond to or inquire about bids, RFPs, or RFQs should contact the relevant government department directly.

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RFQ Bond Counsel Services

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