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ETHICS TELECONFERENCE - REGISTRATION INSTRUCTIONS:
1. Log in. NABL members - Use the “Login” link at the top right of this page. Nonmembers - use the "Create Account" link and then return to this registration page.
2. Click the “Register Myself” button.
3. Click "Proceed to Checkout".  You will be redirected to the shopping cart page, enter your payment information and click “Submit Order”.
4. An order confirmation will appear on the screen and emailed to the address on the account.


FREE MEMBERS-ONLY TELECONFERENCE - REGISTRATION INSTRUCTIONS:
1. Log in. NABL members - Use the “Login” link at the top right of this page. Nonmembers - use the "Create Account" link, sign up to be a member (or contact Membership Manager Blake Grimm at bgrimm@nabl.org) and then return to this registration page.
2. Click the “Register Myself” button.
3. Click "Proceed to Checkout".  You will be redirected to the shopping cart page. click “Submit Order”.
4. An order confirmation will appear on the screen and emailed to the address on the account. 

2017 Fundamentals of Municipal Bond Law Seminar

When:
4/19/2017 - 4/21/2017
Where:
(303) 893-3333
Sheraton Denver Downtown Hotel
1550 Court Place
Denver, CO 80208
To add CLE information click on the + symbol.

Program

   

A. Introduction & Welcome Messages

 
Track:
A. Introduction & Welcome Messages
Time:
1:30 PM - 1:50 PM
4/19/2017 1:30 PM

B. Basic Structuring and Documentation

 
This session will provide attendees with a solid foundation of practical skills and techniques needed to understand the basic structural elements, documents and financial aspects of a municipal bond transaction.
Track:
B. Basic Structuring and Documentation
Time:
2:00 PM - 4:00 PM
4/19/2017 2:00 PM

C. General Tax Law Sessions

 
This two-part session will provide an in-depth explanation of the federal tax laws applicable to municipal bonds.
Track:
C. General Tax Law Sessions
Time:
4:15 PM - 5:45 PM
4/19/2017 4:15 PM
This two-part session will provide an in-depth explanation of the federal tax laws applicable to municipal bonds.
Track:
C. General Tax Law Sessions
Time:
8:30 AM - 10:00 AM
4/20/2017 8:30 AM

D. General Securities Law

 
This session will provide an overview of the applicable federal securities laws with which every municipal bond practitioner should be familiar.
Track:
D. General Securities Law
Time:
10:15 AM - 11:45 AM
4/20/2017 10:15 AM

E. Welcome & Networking Receptions

 
Track:
E. Welcome & Networking Receptions
Time:
6:00 PM - 7:00 PM
4/19/2017 6:00 PM
Unwind after a long day of training by attending both of the Seminar's evening receptions. These receptions are a great opportunity to visit with colleagues old and new and network with Seminar faculty members. This year’s faculty includes several NABL Board members, Committee Chairs and other esteemed legal colleagues. Throughout the Seminar, attendees will have direct access to the faculty and are encouraged to ask questions.
Track:
E. Welcome & Networking Receptions
Time:
5:30 PM - 7:00 PM
4/20/2017 5:30 PM

F. Fun Run

 
Grab your running shoes and begin the day with an invigorating morning run with your colleagues. The run is optional, and there is no fee to participate. Plan to meet in the main lobby at 6:30am.
Track:
F. Fun Run
Time:
6:30 AM - 7:30 AM
4/20/2017 6:30 AM

G. Fundamentals of Municipal Bond Law Book

 
Optional: Fundamentals of Municipal Bond Law Book - (Discounted $125 price for Seminar attendees only. The Book will be shipped after the Seminar.)
Track:
G. Fundamentals of Municipal Bond Law Book
4/17/2017

Training Session 1

 
This session will describe the basic rules 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:
Training Session 1
Time:
1:15 PM - 2:30 PM
4/20/2017 1:15 PM
This session will provide an in-depth discussion and overview of the underwriting process, including all aspects of structuring the deal through taking the municipal bonds to market.
Track:
Training Session 1
Time:
1:15 PM - 2:30 PM
4/20/2017 1:15 PM
This session will provide an overview of the due diligence process with which practitioners should be familiar in municipal bond transactions and provide practical guidance for preparing disclosure documents.
Track:
Training Session 1
Time:
1:15 PM - 2:30 PM
4/20/2017 1:15 PM
This session will discuss common state law issues that need to be addressed throughout the structuring of a municipal bond transaction and related disclosure issues.
Track:
Training Session 1
Time:
1:15 PM - 2:30 PM
4/20/2017 1:15 PM
This session will provide an in-depth overview of an important participant in the municipal securities market that is frequently overlooked - The Depository Trust Company, or "DTC" as it is commonly known. Topics to be discussed include DTC and how it works, DTC mechanics, interactions between DTC and various market participants after the closing, and DTC's role prior to, during and after a bond closing.
Track:
Training Session 1
Time:
1:15 PM - 2:30 PM
4/20/2017 1:15 PM

Training Session 2

 
This session will involve a presentation of hypotheticals that involve the application of certain of the federal tax laws relating to arbitrage rebate rules and the exceptions to these rule.
Track:
Training Session 2
Time:
2:45 PM - 4:00 PM
4/20/2017 2:45 PM
This session will focus on the private activity bond rules applicable to tax-exempt municipal bond transactions, including the "private payment or security test" and the "private loan financing test."
Track:
Training Session 2
Time:
2:45 PM - 4:00 PM
4/20/2017 2:45 PM
This session will provide an overview of the role and expectations imposed on underwriter's counsel in a municipal bond transaction.
Track:
Training Session 2
Time:
2:45 PM - 4:00 PM
4/20/2017 2:45 PM
This session will consider direct purchases (private placements) by banks of bonds, including why issuers want this product, why banks provide this product, documentation requirements and associated securities law issues.
Track:
Training Session 2
Time:
2:45 PM - 4:00 PM
4/20/2017 2:45 PM
This new session will define implicit bias, discuss the effect it has on the legal profession - including but not limited to hiring, retention and advancement of diverse and women attorneys - and share available resources to help the audience become aware of, and minimize, implicit bias in the workplace. This section is anticipated to qualify for CLE ethics credit and will include information about new Rule 8.4(g) of the ABA Model Rules of Professional Conduct.
Track:
Training Session 2
Time:
2:45 PM - 4:00 PM
4/20/2017 2:45 PM

Training Session 3

 
This session will describe the basic legal and tax aspects of current and advance refundings and will also discuss the basic tax concepts of a reissuance.
Track:
Training Session 3
Time:
4:15 PM - 5:30 PM
4/20/2017 4:15 PM
This session will provide an overview of IRS enforcement of tax-exempt municipal bonds, including compliance questionnaires, voluntary closing agreement programs ("VCAP") and audits, as well as a look into how the IRS is organized, what is "guidance" from the IRS and how is it issued, how to get a private letter ruling, how to participate in VCAP, rights and remedies of issuers of tax-exempt municipal bonds in the event of an audit, and other issues related to IRS enforcement requirements.
Track:
Training Session 3
Time:
4:15 PM - 5:30 PM
4/20/2017 4:15 PM
This session will provide an overview of the due diligence process with which practitioners should be familiar in municipal bond transactions and provide practical guidance for preparing disclosure documents.
Track:
Training Session 3
Time:
4:15 PM - 5:30 PM
4/20/2017 4:15 PM
This session will review current practices, NABL's existing guidance and ABA Model Rules of Professional Conduct guidance regarding engagement letters and bond opinions. The form, content and scope of opinions typically rendered by various counsel will be examined. This session is anticipated to qualify for CLE ethics credit.
Track:
Training Session 3
Time:
4:15 PM - 5:30 PM
4/20/2017 4:15 PM
This session will address, in an interactive format, ethical and practice issues related to legal representations, delivery of opinions and termination of client engagements, including discussion of applicable ABA Model Rules of Professional Conduct, in the context of municipal financings. This session is anticipated to qualify for CLE ethics credit.
Track:
Training Session 3
Time:
4:15 PM - 4:15 PM
4/20/2017 4:15 PM

Training Session 4

 
This session will include a presentation of hypotheticals that involve the application of certain of the federal tax laws relating to current and advance refundings as well as reissuance.
Track:
Training Session 4
Time:
8:15 AM - 9:30 AM
4/21/2017 8:15 AM
This session will describe the basic rules 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:
Training Session 4
Time:
8:15 AM - 9:30 AM
4/21/2017 8:15 AM
This session will provide an in-depth discussion and overview of the underwriting process, including all aspects of structuring the deal through taking the municipal bonds to market.
Track:
Training Session 4
Time:
8:15 AM - 9:30 AM
4/21/2017 8:15 AM
This session will involve a presentation of hypotheticals that involve the application of certain of the common state law issues that need to be addressed throughout the structuring of a municipal bond transaction and related disclosure issues.
Track:
Training Session 4
Time:
8:15 AM - 9:30 AM
4/21/2017 8:15 AM
This session will provide an overview of those transactions that just do not fit typical structures but are common nonetheless, such as leases, installment payment contracts, pool programs and others.
Track:
Training Session 4
Time:
8:15 AM - 9:30 AM
4/21/2017 8:15 AM

Training Session 5

 
This session will discuss general arbitrage concepts, arbitrage rebate requirements and the use of the various exceptions to the arbitrage rebate rules.
Track:
Training Session 5
Time:
9:45 AM - 11:00 AM
4/21/2017 9:45 AM
This session will contain a presentation of hypotheticals that involve the application of certain of the private activity bond rules applicable to tax-exempt municipal bond transactions.
Track:
Training Session 5
Time:
9:45 AM - 11:00 AM
4/21/2017 9:45 AM
This session will provide an overview of the role and expectations imposed on underwriter's counsel in a municipal bond transaction.
Track:
Training Session 5
Time:
9:45 AM - 11:00 AM
4/21/2017 9:45 AM
This session will highlight state law creation of and limitations on conduit bond issuers, the roles of counsel, multi-state issuers, and many other issues peculiar to conduit bond issues.
Track:
Training Session 5
Time:
9:45 AM - 11:00 AM
4/21/2017 9:45 AM
This session will address, in an interactive format, ethical and practice issues related to legal representations, delivery of opinions and termination of client engagements, including discussion of applicable ABA Model Rules of Professional Conduct, in the context of municipal financings. This session is anticipated to qualify for CLE ethics credit.
Track:
Training Session 5
Time:
9:45 AM - 11:00 AM
4/21/2017 9:45 AM

Training Session 6

 
This session will provide an 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.
Track:
Training Session 6
Time:
11:15 AM - 12:30 PM
4/21/2017 11:15 AM
This session will provide an overview of IRS enforcement of tax-exempt municipal bonds, including compliance questionnaires, voluntary closing agreement programs ("VCAP") and audits, as well as a look into how the IRS is organized, what is "guidance" from the IRS and how is it issued, how to get a private letter ruling, how to participate in VCAP, rights and remedies of issuers of tax-exempt municipal bonds in the event of an audit, and other issues related to IRS enforcement requirements.
Track:
Training Session 6
Time:
11:15 AM - 12:30 PM
4/21/2017 11:15 AM
This session will consider direct purchases (private placements) by banks of bonds, including why issuers want this product, why banks provide this product, documentation requirements and associated securities law issues.
Track:
Training Session 6
Time:
11:15 AM - 12:30 PM
4/21/2017 11:15 AM
This session will provide an in-depth overview of an important participant in the municipal securities market that is frequently overlooked - The Depository Trust Company, or "DTC" as it is commonly known. Topics to be discussed include DTC and how it works, DTC mechanics, interactions between DTC and various market participants after the closing, and DTC's role prior to, during and after a bond closing.
Track:
Training Session 6
Time:
11:15 AM - 12:30 PM
4/21/2017 11:15 AM
This session will review current practices, NABL's existing guidance and ABA Model Rules of Professional Conduct guidance regarding engagement letters and bond opinions. The form, content and scope of opinions typically rendered by various counsel will be examined. This session is anticipated to qualify for CLE ethics credit.
Track:
Training Session 6
Time:
11:15 AM - 12:30 PM
4/21/2017 11:15 AM