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On Tuesday, August 26, NABL released The 501(c)(3) Opinion in Qualified 501(c)(3) Bond Transactions.  This paper fills a gap in the published commentary on legal opinions typically rendered by borrower’s counsel and relied upon by bond counsel in qualified 501(c)(3) bond transactions as to the status of the borrower as an organization described in Section 501(c)(3) of the Internal Revenue Code.  The paper is an educational resource regarding the 501(c)(3) opinion, presenting the background of qualified 501(c)(3) bond transactions and requirements for Section 501(c)(3) organizations in general, discussing the purpose and common formulations of the 501(c)(3) opinion, and providing commentary regarding the opinion language and due diligence that may be undertaken by counsel rendering and relying upon the 501(c)(3) opinion.  It was prepared by a special NABL committee chaired by E. Tyler Smith of Haynsworth Sinkler Boyd, P.A.


The 2014 Awards Committee, chaired by NABL President-Elect, Antonio Martini, announced three recipients of NABL’s prestigious awards. The Friel Medal will be awarded to Frederic A. Weber, Fulbright & Jaworski L.L.P., Houston, TX. The Kiel Awards will be presented to two recipients this year, Kristin H.R. Franceschi of DLA Piper, Baltimore, MD,  and Perry E. Israel of the Law Office of Perry Israel,  in Sacramento, CA.
To view more information about the recipients, click here.


On August 12, 2014,  NABL released the General Obligation Bonds:  State Law, Bankruptcy and Disclosure Considerations.  NABL prepared the paper to assist its members and other public finance market participants in identifying and evaluating various issues involving general obligation bonds.  The paper examines the characteristics of general obligation bonds, state law remedies, municipal bankruptcy, and disclosure considerations. To read more click here...


The 2014 Nominating Committee released the slate of officers and directors nominated for the 2014-2015 NABL Board of Directors.  The election will be held at the 2014 Annual Meeting on Wednesday, September 17 at the Fairmont Chicago.  The meeting will be held in conjunction with the 39th Annual Bond Attorneys' Workshop.  All NABL members are invited to attend the Annual Meeting.  The full Nominating Committee Report is available here.


The Fairmont and Swissotel are nearing or have reached capacity, although room availability tends to fluctuation due to reservation modifications. 

If you are unable to secure a reservation at the Fairmont or Swissotel, the following hotels have availabilty over the conference dates: Sheraton Chicago, and the Renaissance Chicago Downtown.

To register for the Worksop and for more information, visit the BAW website.

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NABL Releases Paper on 501(c)(3) Bonds Aug 26, 2014

The National Association of Bond Lawyers (“NABL”) released today The 501(c)(3) Opinion…

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Upcoming NABL Seminars

39th Bond Attorneys' Workshop

Sep 17–19, 2014 | Chicago, Illinois

This year, BAW moves across the Chicago River to the Fairmont where we are assured of an exciting few days in elegant surroundings. On Thursday, Workshop attendees will enjoy a 2-hour mid-day break on their own to enjoy Chicago’s many fine…

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NABL's LinkedIn groups are full of public finance experts willing to share advice and discuss the latest news in the industry:

The NABL group is open to members and non-members who work in the public finance industry. 

The Diversity Committee group - open to NABL members only

The Securities Law & Disclosure group is open to NABL members who are also members of the Securities Law & Disclosure Committee.

The General Law and Practice Committee group is open to NABL members who also participate on the General Law and Practice Committee.

You can also connect with NABL through Twitter and Facebook for more industry updates and association news.