Computing Private Business Use


This panel focused on the rules for calculating and measuring private business use. The discussions addressed common situations for which application of the rules have proved challenging, such as measuring private business use in new money and refunding situations, measuring the amount of nonqualified bonds in remedial action scenarios, applying multipurpose issue allocations and separate issue elections in calculations, and curing private business use issues through combining new money with refunding bonds.


Perry E. Israel, Law Office of Perry Israel, Sacramento, CA
Steven Garden, Mayer Brown LLP, Chicago, IL
Vanessa Albert Lowry, Greenberg Traurig, LLP, Philadelphia, PA
Vicky Tsilas, Ballard Spahr LLP, Washington, DC


Electronic Disclosure - Practical Considerations


This session discussed electronic disclosure by state and local municipal bond issuers - use of websites, social media, and other electronic communications that may be considered speaking to the market. This panel discussed the NABL publication "Practical Considerations in Electronic Disclosure by State and Municipal Bond Issuers" in light of 2020 guidance from the SEC regarding secondary market communications.


Stacey Lewis, Pacifica Law Group LLP, Seattle, WA
Carol J. McCoog, Hawkins Delafield & Wood LLP, Portland, OR 
Hillary D. Phelps, Chapman and Cutler LLP, Chicago, IL 
Fredric A. Weber, Norton Rose Fulbright US LLP, Houston, TX



Ethics - Municipal Finance & Working in the New Normal 


This session discussed how the pandemic has changed the way we practice as public finance practitioners, from providing competent representation and maintaining client confidentiality in the world of remote working, virtual meetings, and remote open public meetings; managing the work of others while working remotely; and upholding rules of professional conduct while working from a distance.


Keirston R. Woods, Bryant Miller Olive P.A., Washington, DC 
Ryan K. Callender, Squire Patton Boggs (US) LLP, Cleveland, OH
Randy J. Curato, ALAS, Ltd., Chicago, IL 
Kimberly J. Min, Whiteford, Taylor & Preston L.L.P., Baltimore, MD