1.6.4. Engineering Exclusion
Firms may provide advice on engineering aspects of a new issuance. The municipal entity can then use this information to structure the related issuance, including the timing and use of bond proceeds. But the engineering firm itself cannot give advice on the structure, timing, terms, or other similar matters of an issuance of securities.
Examples of information about which an engineer can give advice include:
• New project specifications (cost, projected construction schedule, anticipated funding requirements, and an in-service date)
• Engineering feasibility studies, including projections of output capacity, utility project rates, project market demand, or project revenues that are based on enginee