Advocacy Update

SLGS Window Reopens

The U.S. Department of the Treasury is resuming the sale of State and Local Government Series (SLGS) nonmarketable Treasury securities, effective June 5, 2023, at 12 Noon ET.

US Treasury Building in Washington DC

Latest From NABL

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Back to the Future Car Graphic
  • CLE Eligible

Will Higher Interest Rates Take Us Back to The Future? (On-Demand)

The financial landscape is rapidly evolving, and the recent uptick in inflation and interest rates is set to bring about a new era of borrowing and investing. As a bond…

  • Member Spotlight

Victoria S. Byerly, Kline Alvarado Veio, P.C.

A Pacific Northwest native with a passion for tax law and public finance, Victoria has made significant contributions to the field through her service on the NABL Tax Committee and…

Market graphic imposed on US Treasury Building in Washington, D.C.
Market graphic imposed on US Treasury Building in Washington, D.C.
  • Issue Briefs

Understanding the Debt Ceiling

What is the federal debt ceiling, and what does it mean for municipal bonds.

  • News

Recognizing Excellence: Awards & Board Nominations Now Open

Submissions for the awards and board of directors are due June 16, 2023.

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Start with the Bond Basics

Term of the Week

Loan Agreement

In a private placement, the agreement between the issuer and a lender (e.g., a bank) pertaining to the loan of the bond proceeds to the issuer. In conduit financings, the agreement between the borrower  and the issuer pertaining to the loan of the bond proceeds to the borrower.