Due to scheduling constraints, the Intro Bond Finance Course will now be offered March 11-12, 2010 in Washington, DC.
Bonds are the bedrock of development finance and are used to help build roads, bridges, sewers, city halls, hospitals and thousands of public and private projects. For over a century, bonds have been spurring development and redevelopment and are a major driver for job creation and economic growth.
CDFA’s highly acclaimed Intro Bond Finance Course provides an in-depth look at tax-exempt financing with an emphasis on industrial development bonds (IDBs), 501(c)(3) non-profit bonds, new clean renewable energy bonds (NCREBs) and other special bond programs authorized by the federal government. Plus, this course looks at how FHLB Credit Enhancement Provisions are positively impacting bond transactions all across the country.
In addition, to reflect the realities of today’s economy and the new bond financing tools created by the American Recovery and Reinvestment Act of 2009, the course will explore the industry’s latest tools including Build America Bonds (BABs) and Recovery Zone Bonds (RZBs).
This event is essential for public leaders, economic development professionals, financial experts and anyone working to address local economic challenges. Join CDFA in Washington, DC to learn how to bring economic growth to your community by utilizing the vast resources of the development bond finance industry. No other event or organization provides the overview and insight into this important economic driver.
By attending, you will:
- Discuss the difference between governmental and private activity bonds and when to use them.
- Learn which projects qualify for financing using industrial development bonds, 501(c)(3) bonds, and other forms of private activity bonds.
- Discover best practices employed by successful issuing authorities from across the country.
- Gain a greater understanding of the various players involved in a bond transaction and why each of their roles is important.
- Examine the bond transaction process from start to finish.
- Review federal tax rules and filing requirements.
- Receive the latest edition of CDFA’s Development Bond Finance Reference Guide
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You will learn through:
- Real life case studies
- Interactive, small group exercises
- Presentations from industry experts
- A comprehensive reference guide
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Topics covered include:
- Governmental and Qualified Private Activity Bonds
- Small Issue and 501(c)(3) Bonds
- New Clean Renewable Energy Bonds
- Build America Bonds
- Recovery Zone Bonds
- FHLB Credit Enhancement Provisions
- Internal Revenue Code Rules
- Roles of Bond Counsel, Underwriters and Trustees
- Bond Ratings and Credit Analysis
- Structuring and Sizing Bond Issues
- How Bonds are Sold
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Who should attend?
- Bond Issuers
- Economic Development Professionals
- Community Development Professionals
- Broker/Dealers and Underwriters
- Elected Officials
- Government and Nonprofit Finance Officers
- Corporate Trustees
- Legal Counsel
- Underwriters
- Commercial Bankers
- Accountants
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Course Advisor:
Jerry J. Arkebauer served as Vice President of Finance for the Toledo-Lucas County Port Authority from 1997 to 2006 where he was responsible for developing the Port Authority’s Northwest Ohio Bond Fund Program and other stand-alone bond issues. He has completed 89 bond issues for more than $1 billion. Similar Bond Fund Programs later were initiated at four other Ohio Port Authorities to offer long-term, fixed rate bond financing for fixed assets.
He also is president of Arkebauer & Associates, LLC, a business and public sector consulting firm he established in 2007. Through consulting contracts, Mr. Arkebauer serves as a consultant to the Blanchard Valley Port Authority, with offices in Findlay, Ohio; the Regional Port Authority of Northwest Ohio, with offices in Defiance, Ohio; the Sandusky County – Seneca County Port Authority with offices in Tiffin, Ohio; and the Port Authority of Springfield, Ohio.
Mr. Arkebauer received a Bachelor of Arts degree from the University of Toledo, and he is also the administrator of the Northwest Ohio Regional Economic Development Association (NORED) which represents economic development professionals in 12 Northwest Ohio counties.
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The following is the preliminary agenda for this course. This agenda will be updated and modified slightly to accommodate speakers and content. However, the main areas of content as outlined in this agenda will be covered.
| 7:30 – 8:30 am | Continental Breakfast & Registration |
| 8:30 – 9:00 am | Welcome & Overview |
| 9:00 – 10:15 am | Governmental and General Private Activity Bond Rules |
Participants will learn about the differences between governmental and private activity bonds, general bond finance rules as well as the roles bond counsel play in the financing process.
| 10:30 – 11:15 am | Small Issue Bonds for Manufacturers – The Rules |
Small issue bonds are typically used to finance manufacturing-based projects. This session will help attendees understand the types of projects that might qualify for this form of financing and the caveats for its use.
| 11:15 am – 12:00 pm | 501 (c)(3) Bonds – The Rules |
This session will explore 501(c)(3) bonds and the rules governing their use as well as the types of non-profits that might qualify for this form of financing.
| 12:15 – 1:30 pm | Lunch on Your Own |
| 1:30 – 2:30 pm | Renewable Energy Bond Financing Tools |
Renewable energy has become a major focus for the development finance industry. Over the past several years, a variety of bond financing tools have been developed to help assist ithis industry. This session will cover New Clean Renewable Energy Bonds (New CREBs) and Qualified Energy Conservation Bonds (QECBs). The Department of Energy’s loan guarantee program will also be featured.
| 2:45 – 3:15 pm | Role of Underwriters Counsel |
Every bond transaction requires the careful involvement of many players. This session will specifically look at the role that underwriters counsel plays. Attendees will also learn about the documents they are required to produce as well as disclosure information.
| 3:15 – 4:15 pm | Role of Trustee |
Trustees play an important role in the bond issuance and monitoring process. This session will examine the legal responsibilities of a trustee, the types of funds and accounts, how the electronic bond system works, trustee fee structure as well as the auction rate bond process.
| 8:00 – 8:30 am | Continental Breakfast |
| 8:30 – 9:00 am | FHLB Credit Enhancement Provisions |
With the municipal financial markets in flux, issuers are looking for tools and solutions to enhance bond-financed transactions. The FHLB letter of credit program is now paying off with innovative transactions and major success. Attendees will learn the latest FHLB credit enhancement trends and techniques during this session.
| 9:00 – 10: 30 am | Build America Bonds and Recovery Zone Bonds (American Recovery and Reinvestment Act) |
Build America Bonds (BABs) have made a major impact in the development finance industry, and communities are now moving forward with Recovery Zone Bonds (RZBs). Passed as part of the American Recovery and Reinvestment Act of 2009, these new bonds are financing needed development throughout the country. The session will explore the use of BABs and RZBs and provide an overview on putting these tools to work in your community.
| 10:45 – 11:30 am | How Bonds Are Sold |
Attendees will learn about the three primary methods of bond sale: negotiated, competitive and private placement.
| 11:30 am – 12:00 pm | Roles & Responsibilities of Finance Professionals |
The issuance of bonds involves a large number of important players. This session will examine the roles and responsibilities of the underwriter, financial advisor and placement agent.
| 12:00 – 1:15 pm | Lunch on Your Own |
| 1:15 pm – 2:00 pm | Structuring & Sizing Bond Issues |
This session focuses on structuring and sizing bond issues. Attendees will learn about serial and term bonds as well as call features, current interest, discount and premium bonds. The session will also cover how bond transactions are sized and the cost of issuance.
| 2:00 – 2:30 pm | Bringing a Negotiated Issue to Market |
Attendees will learn about the necessary steps required to bring a negotiated bond issue to market.
| 2:45 – 3:30 pm | The Rating Agencies |
The rating agencies play an important role in the bond issuance process. Attendees will better understand the role the rating agencies play, the meaning behind their ratings, the rating process and fees associated with ratings.
| 3:30 – 4:15 pm | How IDBs are Structured & Placed |
This session will provide the final glimpse into the bond process. Participants will learn about how industrial development bonds are structured and placed including public and private placement of unrated/unenhanced bonds, variable rate demand obligations/letter of credit and bank purchase options.
The course will take place at the DoubleTree Washington DC in the heart of downtown Washington, DC. CDFA has negotiated a significantly reduced nightly room rate of $189 for course attendees. To reserve a room, contact the DoubleTree Washington DC at (202) 232-7000. All reservations for the CDFA block must be made over the phone for this course. The reduced room rate is guaranteed until February 22, 2010, as long as rooms are available. After this date, neither CDFA nor the hotel can guarantee this rate. Please reserve your room early, and be sure to mention CDFA when making your reservations.
The course hotel is located at:
DoubleTree Washington DC
1515 Rhode Island Avenue NW
Washington, DC 20005
Phone: (202) 232-7000
www.doubletreewashington.com
To register for the this course, click on the Register button below.
| Early-Bird Registration | Standard Registration |
| Member | $550.00 | $600.00 |
| Non-Member | $675.00 | $725.00 |
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