NABL President Antonio D. Martini Takes Office
Antonio D. Martini (Tony) was elected as NABL’s 36th President during the 2014 Annual Meeting on Wednesday, September 17, in conjunction with the 39th Annual Bond Attorneys' Workshop in Chicago, IL. A partner in Edwards Wildman Palmer's Boston, MA office, Tony leads his firm's public finance tax practice. Tony joined NABL’s Board of Directors in 2010 and has been a regular speaker and panelist on federal tax law issues at numerous NABL seminars. He served as Chair of NABL's 2005 Fundamentals of Municipal Bond Law seminar and the 2008 Tax and Securities Law Institute. To learn more about NABL’s 36th President Tony Martini click here. To read his full address to the membership and his plans for 2015, please click here.
NABL BOARD RENAMES THE FUNDAMENTALS SCHOLARSHIP
NABL’s Board of Directors has renamed the Fundamentals of Municipal Bond Law Seminar Law Student Scholarship Program to the "Frederic L. Ballard Jr. Memorial Scholarship Program" in recognition of Frederic (Rick) Ballard's contributions to the industry and association. The official announcement was made during the 39th Annual Bond Attorneys' Workshop's General Session where the late Rick Ballard's wife, Marion, was presented with a symbol of the association's gratitude for his service and accomplishments.
OVER 1000 TOP PUBLIC FINANCE PROFESSIONALS GATHER IN CHICAGO
The 39th Annual Bond Attorneys’ Workshop convened at the Fairmont Chicago last week with near record attendance with over 1000 enthusiastic bond attorneys ready to discuss the latest news and information in the public finance industry. The Workshop kicked off on Wednesday afternoon with the General Session, featuring Kent Hiteshew, Director of the Office of State and Local Finance at the US Treasury Department and Kevin Guerrero from the SEC’s Division of Enforcement. Rounding out the General Session were the annual awards presentation, the induction of the 2014–15 Board of Directors and a special tribute to Frederic L. Ballard. With 31 panels ranging from the MCDC Initiative to Arbitrage and Rebate, Municipal Advisor Rules to Private Activity Bonds, attendees had lots of educational opportunities throughout the 2 ½ day program. There was plenty of time for networking and peer discussions at the Diversity Luncheon and at the receptions hosted on Wednesday evening and on Thursday, where attendees celebrated NABL’s 35th Anniversary.
To view a slide show of the 39th Annual Bond Attorneys’ Workshop, click here.
NABL CONGRATULATES 2014 AWARD RECIPIENTS
The three recipients of NABL’s prestigious awards were honored at the opening session of the 39th Bond Attorneys' Workshop. To view more information about the recipients, click here.
|Pictured l-r: Fredric A. Weber, Friel Medal Recipient;
Kristin H.R.Franceschi, Kiel Award Recipient;
and Perry E. Israel, Kiel Award Recipient.
NABL URGES AGGREGATE TREATMENT OF PARTNERSHIPS
NABL has submitted comments to the Treasury and the IRS regarding treating a partnership of private businesses and governmental persons (or section 501(c)(3) organizations for qualified 501(c)(3) bonds) as an aggregate of its partners where there is a fixed allocation of all partnership items for the entire measurement period for the bonds or the entire period that the person is a partner. NABL believes that the policies of I.R.C. §§ 141 and 145 are not in any way impaired by permitting aggregate treatment of public-private partnerships in cases where the attributes of ownership in the partnership are fixed for at least as long as any tax-advantaged bonds will remain outstanding. The comments were prepared by an ad hoc task force led by Matthias Edrich of Greenberg Traurig and approved by NABL’s Board of Directors. These comments supplement NABL’s submissions to the Department of the Treasury and the Internal Revenue Service on December 22, 2006, and February 15, 2008, relating to the proposed allocation and accounting regulations published in the Internal Revenue Bulletin on October 30, 2006 (REG-140379-02; REG-142599-02). To view the September 17, 2014 comments, click here.
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