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CDFA Upcoming Events

CDFA // BNY Mellon Webcast Series: Forecasting the Bond Market in 2017
January 24, 2017
1:00 PM Eastern

Fundamentals of Economic Development Finance WebCourse
January 25-26, 2017
Daily: 12:00-5:00 pm Eastern

Learn More About CDFA's Free Technical Assistance for Brownfields
February 1, 2017
1:00 pm Eastern

Intro Tax Credit Finance WebCourse
February 15-16, 2017
Daily: 12:00-5:00 pm Eastern

CDFA Online Brownfields Project Marketplace
February 24, 2017
12:00 - 5:00 pm Eastern

Intro Bond Finance WebCourse
March 1-2, 2017
Daily: 12:00-5:00 pm Eastern

CDFA Brownfields Financing Webinar: Financing Brownfields with Private Activity Bonds (PABs)
March 9, 2017
2:00 pm Eastern

Intro Incentives WebCourse
April 5-6, 2017
Daily: 12:00-5:00pm Eastern

CDFA Missouri Conference
St. Louis, MO
April 20, 2017

Intro Tax Increment Finance WebCourse
May 10 - 11, 2017
Daily: 12:00-5:00 pm

CDFA Colorado Conference
Denver, CO
May 16, 2017

CDFA Texas Webinar: Financing Programs to Support Rural Development
May 17. 2017
11:30 am - 12:30 pm Eastern

CDFA Georgia Conference
Atlanta, GA
June 7, 2017

Intro Food Systems Finance WebCourse
June 6 - 7, 2017
Daily: 12:00-5:00 pm Eastern

CDFA Summer School
Minneapolis, MN
August 7-11, 2017

Fundamentals of Economic Development Finance Course
Minneapolis, MN
August 7, 2017

Intro Bond Finance Course
Minneapolis, MN
August 8-9, 2017

Intro Brownfields Finance Course
Minneapolis, MN
August 8-9, 2017

Intro Energy & Water Finance Course
Minneapolis, MN
August 10-11, 2017

Intro Revolving Loan Fund Course
Minneapolis, MN
August 10-11, 2017

Intro Bond Finance WebCourse
Alaska Industrial Development and Export Authority Baker Tilly Virchow Krause Ballard Spahr LLP Bank of America, Merrill Lynch BNY Mellon Bricker & Eckler LLP Bryan Cave LLP Business Oregon CohnReznick FBT Project Finance Advisors LLC Frost Brown Todd, LLC Hawkins Delafield & Wood LLP Ice Miller LLP KeyBanc Capital Markets Kutak Rock LLP MB Financial Bank, NA McGuireWoods NW Financial Group, LLC Squire Patton Boggs Stern Brothers & Co. Stifel Nicolaus S.B. Friedman & Company U.S. Bank Wells Fargo Securities Wilmington Trust
Z. The Bond Buyer

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 WebCourse provides an in-depth look at governmental and qualified private activity bonds, with a focus on industrial development bonds (IDBs), 501(c)(3) non-profit bonds, exempt facility bonds, and other special bond programs authorized by the federal government.

The Intro Bond Finance WebCourse will address the basic requirements for issuing a bond, the rules and regulations that govern tax-exempt and taxable bonds, the major players involved in a bond transaction, and the roles and responsibilities of both public and private sector participants. Plus, learn about the tax-exempt bond market, the ratings process, how to buy and sell bonds, and ongoing continuing disclosure.

This course is essential for public leaders, economic development professionals, financial experts and anyone working to address local economic challenges. Learn how to bring economic growth to your community by utilizing the vast resources of the development bond finance industry.

This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.

Register Today!

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.
You will learn through:

  • Real life case studies
  • Interactive, online discussions
  • Presentations from industry experts
Topics covered include:

  • Governmental and Qualified Private Activity Bonds
  • Small Issue and 501(c)(3) Bonds
  • 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
  • Ongoing Continuing Disclosure
Who should attend?

  • Bond Issuers
  • Economic Development Professionals
  • Community Development Professionals
  • Broker/Dealers and Underwriters
  • Elected Officials
  • Government and Nonprofit Finance Officers
  • Attorneys
  • Accountants
  • Financial Advisors
  • Policy Makers
Course Advisor:

A twelve year veteran to the Public Finance and Economic Development arena Brian specializes in general obligation and revenue based project and public finance. Mr. Cooper financial matters that range from credit strategy, debt issuance and management, financial operations, capital planning and support, management review and budgeting and forecasting.

Brian serves the Ohio public finance market and has worked with issuers large and small including the City of Akron, Development Finance Authority of Summit County, City of Wadsworth, the City of Grandview Heights and City of Tallmadge and the City of Cuyahoga Falls. Brian has also worked with regional authorities such as the Solid Waste Authority of Central Ohio (SWACO) and State level issuers including the State Treasurer and the Ohio Public Facilities Commission. Mr. Cooper has completed over 120 distinct project financings representing over $2.75 billion in financed projects.

Mr. Cooper graduated from the Ohio State University in 2001 and is registered as a municipal advisor with the Municipal Securities Rulemaking Board (MSRB) and the Securities and Exchange Commission (SEC). Mr. Cooper serves as a board member to the Ohio Tax Credit Authority and a trustee to the Worthington Education Foundation.

Cooper joined Umbaugh in 2015 when his practice, ACI Advisors, LLC, merged with Umbaugh. He is based in Umbaugh’s Columbus, Ohio, office and lives in Worthington, Ohio with his wife Patty and their three boys, Alex, Calvin and Ivan.

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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. Please note that all times are based in the eastern time zone.


12:00 - 12:30 pmWelcome & Overview

Welcome participants, introduce CDFA, and set the stage for the course.

Brian Cooper, Course Advisor

12:30 - 1:00 pmWhy Bond Financing?

Tax-exempt bonds help stimulate public and private investment in job creation, business and industry expansion, economic and physical redevelopment, transportation and infrastructure, and renewable energy production, among many other projects. In fact, tax-exempt bonds are issued by over 50,000 state and local governments and authorities representing a three trillion dollar industry. To begin the course, we will look at the importance of tax-exempt bonds, the types of projects and businesses they support, and discuss why tax-exempt bonds are one of the nation’s most critical economic engines.

Toby Rittner
President & CEO
Council of Development Finance Agencies

1:00 – 1:45 pmThe Basics of Bond Finance

Bonds are the bedrock of development finance and are the cornerstone of most development finance projects. This session will introduce the basics, including the various types of bonds (both tax-exempt and taxable), the general process for issuing bonds, important terms, and key players in the transaction. A case study will be introduced.

James Hamill
Managing Director
California Statewide Communities Development Authority

1:45 – 2:00 pmBreak

2:00 – 3:45 pmThe Partners Involved

Every bond transaction requires the careful involvement of many players. This session will look at the roles that the issuer, underwriter, financial advisor, bond counsel, trustee, and rating agencies play in a bond transaction. We will discuss the responsibilities of each player, selecting the right team of partners, and any special documents that need to be produced. We will also look at the case study and consider the role that each partner would play.

David Weiss
Business Finance Officer
Business Oregon

Gregory Jordan
Managing Director
U.S. Bank

Richard Raphael
Long View Consulting

Thomas Shuster
Vice President
Blue Rode Capital Advisor

3:45 – 4:00 pmBreak

4:00 – 5:00 pmTypes of Tax-Exempt Bonds

Knowing the differences between governmental and private activity bonds is an essential element of issuing bonds. This session will explain the key differences, and then outline the variety of tax-exempt bonds available, focusing primarily on industrial development bonds, 501(c)(3) bonds for non-profits, exempt facility bonds, among others. We will discuss the types of projects that may qualify for this form of financing, and the caveats for their use. The type of bond that would be the best fit for the case study will be determined.

5:00 pmAdjourn


12:00 – 12:15 pmRevisiting Day 1

The first day of the Intro Bond Finance WebCourse looked at bonds from a global perspective and introduced the basic concepts and players involved. At the start of Day 2, we will review some important terms and set the stage for the remaining sessions focused on the more technical aspects of bond financing, including the rules and structuring the bond issue.

Brian Cooper, Course Advisor

12:15 – 2:00 pmIssuing Bonds - The Rules

Tax-exempt bonds are governed by a series of strict rules depending on the type of project and bond being used. This session will discuss the basic rules for issuing tax-exempt bonds, including the private business use test, alternative minimum tax, volume cap, use of proceeds, TEFRA hearings, and other important rules from the federal government. We will also look at post issuance compliance policies and provide a brief overview of the important items to monitor during compliance, including bond proceeds and arbitrage and rebate. We will discuss the rules applicable to the case study as well.

Benjamin Barker
Financial Analyst
California Municipal Finance Authority

2:00 – 2:15 pmBreak

2:15 – 3:30 pmStructuring the Deal

The structure of a bond issue will influence several other decisions, including the size and borrowing costs. This session will look at the sources and uses of funds and explain how best to structure a bond to meet the needs of the borrower. We will consider the variety of tools that could be combined with bonds when structuring a deal, including loan funds, tax credits, tax increment financing, credit enhancement, and others. The panel will also address repayment, maturity schedules, legal limitations, market conditions, how bonds are sold, and the process of bringing a bond deal to market. Discussion of the case study will continue.

Brian Cooper, Course Advisor

Tina Neal
Senior Vice President
Davenport & Company LLC

3:30 – 4:15 pmBond Financing Case Studies

Bond financing is a source of capital for businesses of all sizes and from several different types of industries. This session will look at a few exemplary bond financing deals across the country to put the themes of the two-day course in context.

Chris Burnham
Development Finance Authority of Summit County

4:15 – 5:00 pmClosing the Deal

A bond issue can only be successful if it is closed properly. This session will pull all of the themes of the course together and explain the final important steps to closing the deal. Case study examples of deals will be presented, as well as lessons learned, potential continuing disclosure requirements, and last-minute problem solving techniques.

Dan Massiello
Senior Vice President
Kosmont Transactions Services

5:00 pmAdjourn
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The Intro Bond Finance WebCourse will take place on the web through GoToWebinar, an online distance learning software. The course will meet each day on March 1-2, 2017 from 12:00-5:00 pm (Eastern). You must have access to a computer and phone to attend the WebCourse.

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The Intro Bond Finance WebCourse qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.

CDFA permits only one person to login and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate your connection and access to GoToWebinar. CDFA offers group discounts for organizations that wish to register multiple people.

Register before February 3, 2017 for Early-Bird Rates.

Early-Bird RegistrationStandard Registration

Register Today!
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