State Government

Rice Advisory has been privileged to serve the State of Alabama and numerous of its agencies on some of the state's most significant financial and economic development initiatives. Our experience extends beyond traditional municipal finance to complex assignments requiring strategic financial analysis, coordination among multiple stakeholders, and innovative solutions to challenging policy issues.

Rice Advisory provides thoughtful, objective advice backed by decades of public finance experience. We understand the unique statutory, regulatory, and political environment in which our state government operates, and we work collaboratively with elected leaders, departmental officials, legal counsel, financial institutions, and other advisors to develop practical, results-oriented solutions.

Our state government experience includes financial advisory services, public education finance, infrastructure financing, economic development initiatives, strategic planning, special project consulting, and other assignments that demand technical expertise, sound judgment, and meticulous attention to detail.

Rice Advisory is a highly focused advisory firm, and every engagement receives the direct involvement of senior professionals. Our clients benefit from responsive service, continuity of relationships, and experienced advisors who remain personally engaged from project conception through implementation.

Trusted by Alabama's Public Sector
Rice Advisory has advised municipalities, counties, school systems, public authorities, utilities, and State of Alabama agencies on financing and strategic initiatives totaling hundreds of millions of dollars. Our experience spans projects ranging from local capital improvements to statewide infrastructure and economic development programs.

Official document from the Alabama Department of Education dated July 31, 2026, indicating a Financial Advisor contract from 2015 to present, with a logo for Rice Advisory LLC at the bottom.
Official document from the Alabama Department of Education dated July 31, 2026, indicating a Financial Advisor contract from 2015 to present, with a logo for Rice Advisory LLC at the bottom.
Cover page of a financial report for the State of Alabama, with an illustration of the state flag and map, and a logo for Rice Advisory LLC.
Cover page of a financial report for the State of Alabama, with an illustration of the state flag and map, and a logo for Rice Advisory LLC.
A document titled 'August 2017' with the seal of the Alabama Department of Corrections at the top. The document reports a $76,690,000 energy savings lease refinance project for the Alabama Department of Corrections, resulting in over $9.6 million in savings. It includes a note that a firm served as a financial advisor, and features the Rice Advisory LLC logo at the bottom.
Document titled 'Alabama Great Seal' with a seal image showing a map of Alabama and surrounding states, dated December 15, 2016, related to Alabama economic settlement bonds, mentioning a total of $628,715,000. The document includes details about bond proceeds from BP settlement funds for the Deepwater Horizon Gulf of Mexico disaster, with a logo for Rice Advisory LLC at the bottom.
Document titled 'Alabama Great Seal' with a seal image showing a map of Alabama and surrounding states, dated December 15, 2016, related to Alabama economic settlement bonds, mentioning a total of $628,715,000. The document includes details about bond proceeds from BP settlement funds for the Deepwater Horizon Gulf of Mexico disaster, with a logo for Rice Advisory LLC at the bottom.
Document titled 'Alabama Great Seal' dated October 6, 2016, with a seal showing the map of Alabama, bordered with red, yellow, green, and blue, and the logo of Rice Advisory LLC at the bottom. Contains information about Alabama general obligation refunding bonds totaling $105,140,000, issued to refinance prior bonds, with details about the bond series and financial advisory firm.
Document titled 'Alabama Great Seal' dated October 6, 2016, with a seal showing the map of Alabama, bordered with red, yellow, green, and blue, and the logo of Rice Advisory LLC at the bottom. Contains information about Alabama general obligation refunding bonds totaling $105,140,000, issued to refinance prior bonds, with details about the bond series and financial advisory firm.
Bond issuance document for the State of Alabama's Public School and College Authority, series 2016-A, with a seal featuring a map of Alabama and the words 'Great Seal'; dated June 30, 2016, indicating a total amount of $29,245,000; notes net proceeds of nearly $32 million for funding K-12 systems across Alabama; sponsor is Rice Advisory, LLC.
Bond issuance document for the State of Alabama's Public School and College Authority, series 2016-A, with a seal featuring a map of Alabama and the words 'Great Seal'; dated June 30, 2016, indicating a total amount of $29,245,000; notes net proceeds of nearly $32 million for funding K-12 systems across Alabama; sponsor is Rice Advisory, LLC.
Financial document dated February 12, 2015, from the Alabama Department of Transportation, detailing a $533 million bond issue for Alabama Federal Aid Highway Finance Authority. The document includes the Alabama state map and the Rice Advisory LLC logo.
Financial document dated February 12, 2015, from the Alabama Department of Transportation, detailing a $533 million bond issue for Alabama Federal Aid Highway Finance Authority. The document includes the Alabama state map and the Rice Advisory LLC logo.
Document titled 'Alabama Great Seal' with date July 10, 2014, and information about a $546,850,000 refunding bond for the State of Alabama Public School and College Authority Capital Improvement. Contains a circular seal with the Tennessee River map inside, colored in red, yellow, green, and blue. Logo of Rice Advisory LLC at the bottom.
Document titled 'Alabama Great Seal' with date July 10, 2014, and information about a $546,850,000 refunding bond for the State of Alabama Public School and College Authority Capital Improvement. Contains a circular seal with the Tennessee River map inside, colored in red, yellow, green, and blue. Logo of Rice Advisory LLC at the bottom.
Document about Alabama federal aid highway finance authority bonds issued on June 29, 2017, funded highway construction work in Birmingham, Alabama, with a value of over $556 million, provided by Rice Advisory LLC.
Document about Alabama federal aid highway finance authority bonds issued on June 29, 2017, funded highway construction work in Birmingham, Alabama, with a value of over $556 million, provided by Rice Advisory LLC.
A bond issuance document from November 29, 2016, featuring the Alabama Department of Transportation emblem at the top, and a logo for Rice Advisory LLC at the bottom, indicating its role as financial advisor.
A bond issuance document from November 29, 2016, featuring the Alabama Department of Transportation emblem at the top, and a logo for Rice Advisory LLC at the bottom, indicating its role as financial advisor.
Document with the Great Seal of Alabama featuring a map of Alabama on a banner shaped like the state, with a blue, red, green, and yellow color scheme, and text about Alabama state bonds issued on March 8, 2016, provided funds for economic development and facilities for the Alabama National Guard, signed by Rice Advisory LLC.
Document with the Great Seal of Alabama featuring a map of Alabama on a banner shaped like the state, with a blue, red, green, and yellow color scheme, and text about Alabama state bonds issued on March 8, 2016, provided funds for economic development and facilities for the Alabama National Guard, signed by Rice Advisory LLC.
Document detailing Alabama public school and college authority pool and refunding bonds issued in 2015, with information on bond amounts, savings, and financing for K-12 systems, dated May 5, 2015.
Document detailing Alabama public school and college authority pool and refunding bonds issued in 2015, with information on bond amounts, savings, and financing for K-12 systems, dated May 5, 2015.
Document titled 'Alabama Great Seal' dated August 6, 2014, with a seal graphic featuring a map outline of Alabama and state colors. Describes refunding bonds for Alabama with financial details and advisor information at the bottom.
Document titled 'Alabama Great Seal' dated August 6, 2014, with a seal graphic featuring a map outline of Alabama and state colors. Describes refunding bonds for Alabama with financial details and advisor information at the bottom.
Document with the Great Seal of Alabama, date May 28, 2014, discussing bonds refunded for schools and colleges, with a logo for Rice Advisory LLC at the bottom.
Document with the Great Seal of Alabama, date May 28, 2014, discussing bonds refunded for schools and colleges, with a logo for Rice Advisory LLC at the bottom.