Cost of Issuance
Expenses paid by or on behalf of the Issuer or a conduit borrower which are directly related to the issuance and sale of the bonds.
Bond Purchase Agreement (“BPA”)
Contract in which the Issuer and/or borrower agrees to sell bonds to the underwriter.
An attorney or firm of attorneys, frequently retained by the Issuer but sometimes by another party to the transaction, to render an opinion in a bond financing as to the…
Blue Sky Memorandum
Memorandum to Underwriter(s) setting forth the requirements of the state securities laws in the states where the Bonds are anticipated to be sold.
Agreement Among Underwriters
Agreement used in the purchase of a bond issue by a syndicate to set out the rights, obligations and purchase commitments of each underwriter; to authorize one or more underwriters…
Agreed-Upon Procedures Letter
A letter from an independent certified public accountant stating that they have performed certain agreed upon duties.
Tax Diligence Best Practices
One or more tax due diligence tools for NABL members intended to provide a foundation for a due diligence process by providing a framework of items to review and consider.
Model Letter of Disclosure Counsel (2018 Edition)
This Model Letter is provided to assist NABL members in their representation of issuers (or conduit borrowers) as disclosure counsel in connection with the issuance of municipal securities. The Model…
Model Letter of Underwriter’s Counsel (2nd Edition)
Model Letter provided to assist NABL members in their representation of underwriters in connection with the issuance of municipal securities. The Model Letter contains references, indicated by italicized, bold-face letters,…
Model Bond Opinion (2003)
Fourth edition of the NABL model bond opinion and accompanying commentary.
Model Letter of Underwriters’ Counsel
Model letter of underwriter’s counsel (1999).
Model Engagement Letters (2nd Edition)
Second edition of NABL’s Model Engagement Letters intended to provide bond counsel with representative examples of engagement letters for two categories of financings by states and their political subdivisions; governmental…