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The Essentials 2023

When
4/19/2023 11:00 AM - 4/21/2023 2:00 PM
Eastern Daylight Time
Where
Hyatt Regency Baltimore Inner Harbor 300 Light St. Baltimore, MD 21202
To add your state bar number(s) for CLE please click on the + symbol below.

Program

Description
The Essentials Chair, Vice Chair, and NABL President Jodie Smith will welcome attendees and walk through the conference agenda.
Track
A. General Sessions
Time
12:00 PM - 12:15 PM
4/19/2023 12:00 PM
Structuring and Financial Aspects of a Municipal Bond Transaction
This session will cover the central structural elements, documentation, and financial aspects of a municipal bond transaction.
Track
A. General Sessions
Time
12:15 PM - 2:15 PM
4/19/2023 12:15 PM
This session will introduce federal tax laws governing municipal bonds.
Track
A. General Sessions
Time
2:45 PM - 4:15 PM
4/19/2023 2:45 PM
This session will address federal securities laws applicable to municipal bonds.
Track
A. General Sessions
Time
4:45 PM - 6:15 PM
4/19/2023 4:45 PM
Join The Essentials faculty and other attendees for drinks and appetizers during this excellent networking opportunity.
Track
Receptions
Time
6:15 PM - 7:15 PM
4/19/2023 6:15 PM
Overview of the role of and expectations imposed on underwriter’s counsel in a municipal bond transaction.
Track
B. Breakout Session 1
Time
8:30 AM - 9:45 AM
4/20/2023 8:30 AM
Discussion of common state law issues that need to be addressed throughout the structuring of a municipal bond transaction and related disclosure issues.
Track
B. Breakout Session 1
Time
8:30 AM - 9:45 AM
4/20/2023 8:30 AM
Overview of the private activity bond rules applicable to tax-exempt municipal bond transactions.
Track
B. Breakout Session 1
Time
8:30 AM - 9:45 AM
4/20/2023 8:30 AM
Introduction to the legal and tax aspects of refundings and the core tax concepts of a reissuance.
Category
C. Breakout Session 2
Time
10:15 AM - 11:30 AM
4/20/2023 10:15 AM
Introduction to and discussion of the underwriting process, including all aspects of structuring the deal through taking the municipal bonds to market.
Track
C. Breakout Session 2
Time
10:15 AM - 11:30 AM
4/20/2023 10:15 AM
Introduction to the tax requirements applicable to the issuance of 501(c)(3) bonds, including ownership and use requirements and issues specific to hospital, residential housing, and school financings as well as commonly used financing structures.
Track
C. Breakout Session 2
Time
10:15 AM - 11:30 AM
4/20/2023 10:15 AM
Overview of the due diligence process with which practitioners should be familiar in municipal bond transactions and practical guidance for preparing disclosure documents.
Category
D. Breakout Session 3
Time
1:00 PM - 2:15 PM
4/20/2023 1:00 PM
Overview of certain transactions that do not fit typical structures but are common such as leases, installment payment contracts, pool programs, certificates of participation and others.
Track
D. Breakout Session 3
Time
1:00 PM - 2:15 PM
4/20/2023 1:00 PM
Overview of general arbitrage concepts, arbitrage rebate requirements, and the application of the various exceptions to the arbitrage rebate rules.
Track
D. Breakout Session 3
Time
1:00 PM - 2:15 PM
4/20/2023 1:00 PM
Discussion of hypotheticals that involve the application of certain private activity bond rules to tax-exempt municipal bond transactions.
Track
E. Breakout Session 4
Time
2:45 PM - 4:00 PM
4/20/2023 2:45 PM
An overview of the logistics of closing a bond transaction, including drafting of various closing papers, preparing the Form 8038G or 8038, and DTC’s role prior to, during, and after a bond closing.
Track
E. Breakout Session 4
Time
2:45 PM - 4:00 PM
4/20/2023 2:45 PM
Overview of the role of, responsibilities and expectations imposed on issuer's counsel in a municipal bond transaction.
Track
E. Breakout Session 4
Time
2:45 PM - 4:00 PM
4/20/2023 2:45 PM
Track
F. Breakout Session 5
Time
4:30 PM - 5:45 PM
4/20/2023 4:30 PM
After a full day, please join us for a career panel featuring some of The Essentials faculty and to network with your colleagues. Come and listen to the panelists discuss their adventures in public finance. Drinks and light appetizers will be served immediately after the panel discussion.
Track
Receptions
Time
6:00 PM - 7:30 PM
4/20/2023 6:00 PM
Introduction to state law creation of and limitations on conduit bond issuers, the roles of counsel, multi-state issuers, and many other issues unique to conduit bond issues.  Overview of the rules applicable to qualified small issue bonds, including qualifying projects, prohibited and restricted uses and maximum amounts, and the rules relating to qualified exempt facility bonds.
Category
G. Breakout Session 6
Time
8:30 AM - 9:45 AM
4/21/2023 8:30 AM
Discussion of hypotheticals that involve the application of certain federal tax laws relating to arbitrage rebate and the excep-tions to the arbitrage rebate.
Track
G. Breakout Session 6
Time
8:30 AM - 9:45 AM
4/21/2023 8:30 AM
Discussion of hypotheticals that involve the application of certain federal tax laws relating to refundings, including the repeal of tax-exempt advance refundings, as well as reissuance.
Track
G. Breakout Session 6
Time
8:30 AM - 9:45 AM
4/21/2023 8:30 AM
This session will address, in an interactive format, some of the ethical and practical issues related to legal representations in municipal finance, including: engagement letters, delivery of opin-ions and conflicts of interest, and a discussion of applicable ABA Model Rules of Professional Conduct. This session is anticipated to qualify for CLE ethics credit.
Track
H. Ethics Session
Time
10:15 AM - 11:30 AM
4/21/2023 10:15 AM
The Essentials concludes with a fourth General Session entitled “Tying It All Together.” This popular session takes attendees through a typical bond issue - from the initial client call to closing - using an interactive, informal platform that incorporates concepts from across the General Sessions and breakout sessions. Panelists play the roles of issuer, underwriter, bond attorney, and tax attorney as they navigate through a bond transaction from start to finish. Along the way, they encounter, explain, and resolve issues typically encountered in public finance transactions.
Track
I. Closing Session
Time
12:00 PM - 1:15 PM
4/21/2023 12:00 PM
Optional: 2023 Fundamentals of Municipal Bond Law Textbook - Discounted $200 price for attendees only.
The 2023 Fundamentals of Muncicpal Bond Law textbook will be shipped after the Essentials.
Track
Textbook (Optional - $200 Attendee Price)
Time
12:00 PM
5/10/2023 12:00 PM