Who We Are

The Environmental Improvement and Energy Resources Authority (EIERA) is a quasi-governmental environmental finance agency that is administratively assigned to the Missouri Department of Natural Resources. Established by the Missouri General Assembly in 1972, EIERA Board Members are appointed by the Governor.

EIERA provides environmental solutions through finance, research, and technical assistance. We benefit the environment, the economy, and our partners.

Latest Announcements

Independent Registered Municipal Advisor Disclosure Certificate (06/25/19)


 

Request for Proposals for Certified Public Accountant (CPA) Services

The State Environmental Improvement and Energy Resources Authority (EIERA) is seeking the services of a Certified Public Accountant. We invite you to submit a proposal to perform accounting services for the EIERA for the fiscal years 2020 and 2021 (July 1, 2019 – June 30, 2021), with an optional three year renewal period. Proposals will be due electronically no later than 12:00 p.m. (noon) Friday, October 25, 2019.

The EIERA is a “body corporate and politic” quasi-governmental entity created by and organized under Chapter 260 of the Revised Statutes of the State of Missouri.

The EIERA employs an internal accountant whose duties include, but are not limited to, processing payments, processing receipts, creating and submitting invoices for payment of receivables and coordinating transfer of funds between accounts for all aspects of the EIERA. EIERA’s accountant is responsible for recording the transactions in the software with correct account codes and the transfer of information to our CPA within a few days following the end of each month. Payroll services are now provided through the State of Missouri Accounting System.

The CPA is expected to process the month and return a draft general ledger within a week for review. EIERA management is responsible for approving payments, signing checks, investing EIERA funds, coordinating and providing staff support for annual audits, transferring funds, reviewing general ledger drafts, reviewing financial statement drafts and certain payroll functions including determining the quarterly allocation of each staff members’ salary to various revenue sources and informing the CPA of any changes to payroll. It is expected that these duties will continue through the term of the anticipated contract.

Thank you for your interest.

* As of today, October 11, 2019, 12:00 PM, no questions have been received.

Request for Proposals for Book-Running Senior Managing Underwriter

The EIERA, in cooperation with the Missouri Department of Natural Resources (“DNR”), the Clean Water Commission and the Safe Drinking Water Commission, has implemented the Missouri Clean Water and Drinking Water State Revolving Fund Programs. As of the date of this Request for Proposals (“RFP”), approximately $2.7 billion of State Environmental Improvement and Energy Resources Authority Water Pollution Control Revenue Bonds and Notes have been issued to finance wastewater treatment and drinking water facilities for approximately 545 participants in the State of Missouri.

The current SRF Loan Program operates under a cash-flow structure. In this structure, DNR enters into direct loans with program participants at an interest rate equaling 30% of the AAA 25 Revenue Bond Index at the time of loan closing. Program participants issue a bond to DNR evidencing their obligation to repay the loan. When additional funds are needed to recapitalize the program or generate state match, the EIERA issues SRF Bonds secured under its 2010 Master Trust and DNR pledges its rights, title and interest in and the principal and interest payments of designated participant loans as security for the payment of SRF Bonds. The most recent issue of bonds was the EIERA’s $31,610,000 Series 2018A Bonds and the Official Statement is available at the link below.

Prior to 2009, the SRF Loan Program utilized a reserve fund model, which provided credit enhancement and the interest rate subsidy for the participants, with the direct loans reserved generally for participants not meeting the SRF Leveraged Program financial standards. A construction loan fund was funded from bond proceeds and disbursed as construction occurred, and contemporaneous with construction draws the reserve fund received deposits of state and/or federal funds in proportion to the construction disbursements. As the principal amount on the Bonds is repaid, a corresponding reserve amount is released from the series reserve accounts into the master trust where it is first available to cure shortfalls on any series of master trust bonds and, if there are no shortfalls, released back to DNR to finance new projects.

As of June 30, 2019, there was approximately $612 million par amount of Bonds outstanding, some of which have the potential of being refunded to provide debt service savings. The EIERA is therefore seeking proposals in connection with a potential refunding. A summary of outstanding SRF bonds can also be found below. The EIERA is also interested in consolidating its outstanding debt and is seeking proposals that will simplify its debt structure and reporting requirements.



 


Learn more about EIERA and our programs at the following links: