What We Do
Program Administration
Sustainable Finance Consulting
Swap Monitoring, Valuation, GASB 53/72
BLX is a market leader in the development and administration of complex and innovative programs within the municipal sector. Our access to Orrick’s legal advice is a cornerstone of our innovative approach to addressing program administration challenges. Over the past decade, we have bolstered our municipal advisory staff by integrating our BLX Digital team to develop cutting-edge software for financial modeling, data management, and secure web-based portals, ensuring efficient and transparent program administration platforms. This strategic integration has enabled BLX to craft tailored structured finance bond program administration solutions for large conduit financings.
Tobacco Bond Administrative Agent Services
Issuers of tobacco settlement asset-backed bonds encounter multifaceted post-issuance challenges. Beyond adhering to the requirements of the IRS Treasury Regulations for tax-exempt bonds, issuers must also comply with a wide array of federal tax requirements specific to these transactions. Since the first tobacco transaction was issued in 2000, BLX has pioneered a comprehensive suite of post-issuance consulting, compliance, and administrative agent services. These services are designed to establish critical procedures that significantly reduce the risk of non-compliance and further alleviate the administrative burden on the issuer.
Such services include:
Tobacco Settlement Revenue Allocation and Monitoring
Universal Cap Analysis
Hedge Bond and Endowment Fund Monitoring
Arbitrage Rebate Compliance
Continuing Disclosure
With regulatory changes occurring in the tobacco industry and ongoing litigation challenging the validity of the Master Settlement Agreement, the tobacco marketplace has transformed significantly since 2000. Fortunately, BLX has the experience and knowledge to effectively monitor and respond to emerging developments as they occur.
Statewide Community Infrastructure Program (SCIP)
BLX is pleased to act as Program Administrator for “SCIP” – Statewide Community Infrastructure Program.
SCIP provides non-recourse financing of eligible development impact fees and public capital improvements. Applicants benefit from SCIP by accessing low-cost, long-term financing of fees and improvements, which would otherwise entail significant upfront cash outlays.
For more information about SCIP, please visit the CSCDA website.
For more information on BLX’s Program Administration or Tobacco Bond Administrative Agent Services, please contact:
Justin Gagnon, CFA
919 537 8855
[email protected]
To learn more about SCIP, please visit CSCDA’s website or contact:
Vo Nguyen
213 612 2152
[email protected]
