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Texas Comptroller Of Public Accounts·Texas

Request for Proopsasls for Outside Legal Counsel for the Texas Prepaid Higher Edication Tuition Board

Closes 9/29/2026$120k – $150kRequest for Proposal
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Description

The Texas Comptroller, on behalf of the Texas Prepaid Higher Education Tuition Board, is seeking qualified law firms or individual attorneys to serve as outside counsel for a multi‑plan tuition‑savings program. The successful respondent will provide legal advice on municipal securities disclosure, FINRA/MSRB rules, IRC 529/529A qualified tuition plans, and a broad range of general legal matters (family, contracts, probate, IP, fiduciary, tax, etc.). Work is on an as‑needed basis, invoicing each plan separately, with an initial contract term from Dec 1 2026 through Aug 31 2028 (≈21 months) and two optional one‑year renewals. The maximum contract value is $150,000. Key dates include posting 8/21/2026, questions due 8/28/2026, proposals due 9/29/2026 (2 PM CT), oral presentations 11/17/2026 (if required), and contract execution 12/1/2026. • Required experience: municipal securities, FINRA/MSRB, 529/529A plans, and government entity representation. • Deliverables: legal opinions, research, representation at Board meetings, billing per plan, compliance with Texas attorney fee guidelines. • Mandatory submission items: transmittal letter, firm/attorney bios, hourly rates, conflict disclosures, VetHUB subcontracting plan, signed proposal. • Evaluation: 80 % competence/qualifications, 20 % fee reasonableness. • No travel reimbursement except pre‑approved expenses; maximum compensation capped at $150 k.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Vicki Rees

[email protected]

(512) 305-8673

Key dates

Opened
8/21/2026
Questions due
8/28/2026
Closes
9/29/2026
Duration
21 months

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541110
Solicitation №
240r

Budget estimate

$120,000 – $150,000

The solicitation lists a contract “value” of $150,000, which represents the maximum compensation the Board will pay for the entire term. Assuming a typical distribution of work across the 21‑month base period, the firm can expect to bill between $120,000 (conservative estimate if fewer hours or lower rates are used) and the full $150,000 ceiling if the full scope of services is utilized. Factors influencing the final amount include the number of hours billed, the rates negotiated (subject to state fee guidelines), and any optional renewal years that could add additional compensation.

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