The City of Salem is seeking qualified consulting firms to provide arbitrage compliance and calculation services for its tax-exempt bond financings. The selected consultant will ensure compliance with Section 148 of the Internal Revenue Code and applicable Treasury Regulations by calculating arbitrage earnings, rebate liabilities, and yield restrictions on municipal bonds. Services include reviewing bond documents, performing arbitrage computations, preparing reports and Internal Revenue Service filings such as Form 8038-T, and advising the City on compliance requirements and regulatory changes. The consultant will also assist with audit support, maintain detailed records, and provide ongoing monitoring of key deadlines and rebate obligations. Additionally, the consultant will offer recommendations on improving the City’s investment and recordkeeping practices related to arbitrage compliance. The goal is to minimize financial risk, ensure regulatory adherence, and support the City’s long-term financial management of its debt portfolio.