The Greater Fort Lauderdale - Broward County Convention Center
1950 Eisenhower Boulevard
Fort Lauderdale, FL 33316
Concurrent Sessions and Discussion Groups
Pricing Bonds in Today’s Market
This session, which will focus on the fundamentals of debt issuance, will provide you with the tools to interpret pricing data for the benefit of your government — and taxpayers. Whether you rely on professionals to assist you with structuring and refunding decisions, or if this is done in-house, the panel experts will review applicable yield curves and valuation methodology that can help you ask the right questions and understand how to better price your next transaction. Particular attention will be paid to critical factors that affect pricing, such as call provisions and size of issuance.
Sunday, June 15, 2008 / 1:30 pm – 2:30 pm
Moderator/Speaker: Patrick McCoy, Executive Director, New York City Municipal Water Finance Authority, NY
Speaker: Andrew Kalotay, President, Andrew Kalotay & Associates, Inc., New York, NY
The Future of TIFs: Controversy About a Common Financing Tool
Although they have been a common tool for development for many years, TIFs have always been the focus of a variety of criticisms, intergovernmental equity among them. A recent Florida Supreme Court ruling on the need for voter approval of TIF projects may have widespread ramifications. This session will address the controversies and what local governments are doing to address them.
Sunday, June 15, 2008 / 2:45 pm – 3:45 pm
Moderator/Speaker: Jeffrey Oris, Community Development Director, Martin County, Stuart, FL
Speaker: MaryCarol White, Director of Financial and Management Services, County of York, VA
New Emphasis on Post-Issuance Compliance: What You Need to Know
The IRS recently announced that it will be taking a close look at post issuance compliance practices over the next two years. Attend this session to hear more about IRS activities related to municipal bonds, your obligations as an issuer, and what to expect from outside advisors. Presenters will also discuss the recently issued GFOA/National Association of Bond Lawyers’ Post Issuance Compliance Checklist.
Monday, June 16, 2008 / 10:25 am – 12:10 pm
Moderator: Roger L. Anderson, Executive Director, New Jersey Educational Facilities Authority, Princeton, NJ
Speakers: Julia Cooper, Deputy Director of Finance, City of San Jose, CA
Cliff Gannett, Director, Tax-Exempt Bonds, Internal Revenue Service, Washington, DC
Mitch Rapaport, Partner, Nixon Peabody LLP, Washington, DC
How the Subprime Mess has Affected the Bond Market
The fallout from subprime lending practices has affected the municipal market in various ways. While safe opportunities still exist, there are many more areas where greater caution is advisable. During this session, experts will explain the importance of understanding market conditions and the pros and cons of various types of leveraged and credit enhanced financings. Attend this session to help make the right recommendations and decisions for your government.
Monday, June 16, 2008 / 1:25 pm – 3:05 pm
Moderator: J. Ben Watkins, Director, State of Florida, Division of Bond Finance, Tallahassee, FL
Speakers: Matt Fabian, Managing Director, Municipal Market Advisors, Westport, CT
Sam Doyle, President, Fixed Income Capital Markets, DA Davidson & Co., Denver, CO
Frank Hoadley, Capital Finance Director, State of Wisconsin, Madison, WI
Finance officers who are new to the world of bonds, who are infrequent issuers, or who simply want to increase their working knowledge or get a refresher on basics of municipal bonds will want to attend this session. Speakers who have extensive experience as practitioners or as private sector participants in the bond market will provide a primer on essential topics including competitive vs. negotiated sale, bond pricing, bond ratings, credit enhancements, state and federal regulatory requirements, and selecting the right professionals for your needs.
Monday, June 16, 2008 / 3:20 pm – 5 pm
Moderator/Speaker: Francine Ramaglia, Director of Administrative and Financial Services, Village of Wellington, FL
Speakers: Robert M. Curry, Director of Finance, City of New Britain, CT
John L. Forney, Managing Director, Raymond James & Associates, Inc., St. Petersburg, FL
Eric Johansen, Debt Manager, City of Portland, OR
Making the Case: Keys to Ratings Upgrades
Ratings upgrades can result in significant savings to taxpayers and can also communicate to citizens how governments are effectively managing their financial resources. However, convincing skeptical rating agencies that an upgrade is warranted can be difficult. In this session, representatives of rating agencies and issuers will share tips for effective rating presentations. Presenters will also discuss how current market conditions are affecting ratings and how the proposed global rating scale/corporate equivalency ratings will change the ratings game.
Tuesday, June 17, 2008 / 1:55 pm – 3:35 pm
Moderator/Speaker: Linda S. Howard, Director, Fiscal Services, Orlando Utilities Commission, Orlando, FL
Speakers: Henrietta Chang, Vice President/Senior Analyst, Moody’s Investor Services, Chicago, IL
Robin Prunty, Senior Director, Standard and Poor’s, New York, NY
Richard J. Raphael, Executive Managing Director, Fitch Ratings, New York, NY
Munis on the Front Burner: Developments in Washington
Over the past year, Congress, the US Supreme Court, the Securities and Exchange Commission, the Treasury Department, and the IRS have all had their eyes on municipal bonds. One proposal would give the SEC authority over municipal bond issuers and the governmental accounting regime. Attend this session to learn about the impact this and other proposals may have, what you can do to influence decisions in Washington, and how the marketplace is reacting.
Wednesday, June 18, 2008 / 8:30 am – 10:10 am
Moderator: Susan Gaffney, Director, Federal Liaison Center, Government Finance Officers Association, Washington, DC
Speakers: John Cross, Associate Tax Counsel, Office of Tax Policy, Department of the Treasury, Washington, DC
Diane Klinke, General Counsel, Municipal Securities Rulemaking Board, Alexandria, VA
Edwin G. Oswald, Partner, Orrick, Herrington & Sutcliffe, Washington, DC
Choosing and Using Unique Debt Instruments
As governments are being asked to fund more projects, they are considering new debt financing options. Tax credit bond initiatives, variable rate opportunities, and special project financings offer governments new ways of addressing capital needs. This session will identify and explain the unique types of government debt being issued and discuss how to determine what may be appropriate for your government.
Wednesday, June 18, 2008 / 10:25 am – 12:05 pm
Moderator/Speaker: Jennifer E. Barrett, Director of Finance, Montgomery County Government, Rockville, MD
Speakers: John Adams, Vice President of Public Finance, Fifth Third Securities, Inc., Columbus, OH
Dan Heimowitz, Managing Director, RBC Capital Markets, New York, NY
Issuing Debt Today for Development Tomorrow
In an era of decreasing revenues, issuing debt is many times the only option for public sector organizations to finance infrastructure improvement and economic development activities. This discussion section will focus on the pros and cons of debt issuance for development activities and will offer a forum for individuals to discuss their experiences and success stories.
Tuesday, June 17, 2008 / 3:50 pm – 4:50 pm
Discussion Leaders: Mark Brown, Director of Finance, City of Bartlett, TN
Cheryl Spivey, Debt Manager, Wake County Finance Department, Raleigh, NC