1. (a)

   1. (1) An approved list of professionals (investment banking firms, law firms, trustees, and master servicers, as the case may be) will be maintained by the Arkansas Development Finance Authority.
   2. (2) This list will automatically receive RFPs via email for the selection of professionals on projects in the designated area.
   3. (3) For practical reasons, the list of eligible professionals will be limited to those firms who have demonstrated competence, resources, and a commitment to the business of the authority.

   4. (4)

      1. (A) To remain on the list, professionals should submit an updated statement of qualifications at least every two (2) years.
      2. (B) The statement of qualifications should be updated more frequently when there have been changes to the contacts for the authority.
      3. (C) The statement of qualifications format can be obtained at the authority’s website (http://adfa.arkansas.gov/request-for-proposals).
   5. (5) To be added to the list, a request should be forwarded to the Chair of the Staff Professional Selection Committee along with a sufficient statement of qualifications.

   6. (6) The authority reserves the right to remove professionals from the list as a result of:

      1. (A) Sustained failure to respond to RFPs;
      2. (B) Continual performance issues; or
      3. (C) Other reasons at the discretion of the authority.
2. (b) Although not on the list, other professionals are entitled to submit proposals to the authority for consideration, including responses to RFPs, and any submitting professional will be given equal consideration for selection.
3. (c) The current list is maintained by and is available from the Chair of the Staff Professional Selection Committee.

Codification Notes: "RFP" means request for proposal.