For underwriters, municipal advisors and bond counsel
For the transcript: what the public record printed about each project participant on pricing day.
When bond proceeds pay a concessionaire, a design-builder, an operator or a major vendor, the deal team's diligence file wants one thing from us: a dated, hash-verifiable receipt per participant showing what SAM.gov Exclusions, EPA ECHO, OSHA, the OIG LEIE, OFAC and the state registry printed under the exact name on the day the bonds priced — and which files did not answer. It goes in the closing transcript as what the record said that day. Whether anything is material to the Official Statement is counsel's judgment, not ours.
The rule as written
SEC Rule 15c2-12 (issuer disclosure undertaking) and the Exchange Act antifraud provisions (underwriter reasonable basis)
Rule 15c2-12 governs the issuer's continuing-disclosure undertaking; the underwriter's own diligence on the Official Statement rests on the antifraud provisions and a reasonable basis for belief in its key representations. Neither rule requires a contractor check; where a participant's standing matters to the offering, the receipt is the dated record of what the public files printed.
What the receipt shows
- One receipt per named participant, built the same day, each with its sources' file dates and SHA-256
- SAM.gov Exclusions, EPA ECHO facilities and enforcement, OSHA inspections, DOL Wage and Hour, OIG LEIE, OFAC, CSL, FAC single-audit years, EDGAR filings, USAspending awards — as printed
- The SAM entity registration (UEI, CAGE, legal name, parent as declared) and state checkbook or UCC rows where a state publishes them
- Which files did not answer, named — never read as a clean result
- A roster receipt over the whole participant list, up to 500 names, one bundle hash
- The diligence lead's decision record bound to the receipt with the deal name as the reference
How it fits your workflow
- 1. Pricing day
Pull one receipt per participant, or send the participant list as a roster receipt.
Roster receipt - 2. Bind the deal
Put the financing name or CUSIP series in the reference column; it prints and hashes on each receipt.
Pull one receipt - 3. Sign the file
The diligence lead records the decision on the receipt page; we countersign the hash and the time, not the decision.
See a receipt - 4. Transcript copy
Printable receipt, Verifiable Credential export and the auditor's verification guide for the closing binder.
How anyone verifies it
Duty sheets and form lines
A Duty Sheet puts the dated record beside the rule's own question and builds a fresh receipt for the name you give it (sample: Wellpath LLC): Bond transcript diligence duty sheet ↗ · Counsel exclusion-diligence duty sheet ↗.
The form lines these receipts are filed behind, with the auditor's test cited: FAR 52.209-6 · 2 CFR 180.300. Full forms register · read profiles · published prices.
Published price
Single receipts are free. The roster receipt over a participant list (up to 500 names, card or invoice): Roster receipt — one-time: up to 500 names, receipts and the cover within 48 hours.
- Up to 500 names, one-timeone-time, card or invoice$497
Every tier reads the same sources and prints the same receipt; price changes volume and cadence, never content. All published prices · Product page.
What it does not do
- We do not say whether anything is material to the Official Statement, whether a participant is responsible, or whether disclosure is adequate — those are counsel's judgments.
- We do not read PACER dockets, court records or credit files; the receipt names what it did not read.
- A same-name row is a candidate for counsel to resolve; the receipt does not assert identity.
- The hash, signature and timestamp prove the integrity of our capture — not the truth of what the agency printed.
Public-record evidence, not legal, compliance or eligibility advice. Hashes, signatures and timestamps prove the integrity of our capture; the agency remains the author of its record. When the agency did not answer · Who pays us.
Also: Government contractors · Counties, districts & grantees · Single-audit CPA firms · Health plans · Law firms · Lenders & title · Deal counsel