The Essentials: May 14-16, 2025

A foundational conference designed for attorneys and other municipal market participants new to areas of bond law. Join us in Kansas City, MO and walk away with a deeper understanding of the rules and laws governing the $4 trillion municipal market.

Latest From NABL

  • Reports and Resources

Model Bond Opinion Report

Fifth edition of NABL’s signature report updated to reflect current municipal bond practices.

  • Member Spotlight

Brian Seelinger

Brian was most recently a Senior Portfolio Manager and Vice President in the Trust Department of a publicly traded multi-state bank, and currently serves as Counsel at Knox McLaughlin Gornall…

  • The Bond Lawyer

The Bond Lawyer – Vol. 49 | No. 1

NABL’s Scholarly Journal providing expert commentary and analysis of recent developments in municipal bond law and public finance.

U.S. Capitol Building in Washington DC in front of a NABL pattern.
U.S. Capitol Building in Washington DC in front of a NABL pattern.
  • News

Tracking Tax Reform in 2025

Congress is focused on addressing the pending expirations of the Tax Cuts and Jobs Act (TCJA) prior to the end of this calendar year. Here’s where things stand and what…

Image of hearing room sign outside of the U.S. Senate Committee on Appropriations.
Image of hearing room sign outside of the U.S. Senate Committee on Appropriations.
  • News

FY2025 Appropriations

We are tracking the status of FY2025 appropriations, where things stand, and what it all means for bond lawyers.

By the Numbers

+2,300Members

With more than 2,300 active members you will find a network and community for your practice.

101HouRs of CLE OPPORTUNITIES

We offer 101 hours of CLE courses at a 30 percent discount for our members.

95%Retention Rate

We’re supporting member goals by expanding networks and access to resources.

Austin Texas Skyline. Source: Wikimedia Commons

It’s a one-stop shopping experience for all of the resources that a bond lawyer might need. 

Victoria Ozimek, Bracewell LLP in Austin, TX

NABL’s in-person conferences are the most valuable for me. Whether you want to develop new business, step up your game intellectually, develop industry contacts, or keep up with CLE requirements— it’s all there.”  

Kareem J. Spratling, Bryant Miller Olive P.A in Tampa, FL. 

I could not imagine being a bond attorney for 40 years without the support NABL provided in keeping me current on the complex statutory and regulatory requirements of the practice.

Kathleen C. McKinney, Haynsworth Sinkler Boyd, P.A. in Greenville, SC 

Join NABL

Become a member…

Of the specialty bar association dedicated to public finance law.

Hudson Yards Rail Yards

Start with the Bond Basics

Private Loan Financing Test

One of the tests used in establishing whether a bond is a private activity bond (PAB) for tax purposes. The private loan financing test specifically determines whether more than $5 million or 5% of the proceeds of a bond issuer are used to directly or indirectly finance loans to one or more non-governmental persons.