A competitive sale is a method of selling bonds where the Issuer offers a debt issue for sale at a specific date and time and awards the bonds to the bidder with the lowest True Interest Cost (TIC). The prime …

Best practices for public sector procurement typically require some sort of competitive bidding process for basic goods and services. So why is it that one of the largest expenditures a school district makes other than payroll, namely interest on debt, is typically acquired …

Greg Van Wagnen has been awarded the 2018 Ryan Bendzinki Young Leaders Award. The Award is presented annually to a municipal advisor who shows leadership qualities and a commitment to the MA profession. It is named after Ryan Bendzinski who was a rising star in NAMA, …

So, what can you do to ensure reasonable flexibility to refund your next bond issue now that the federal government has eliminated your one chance to advance refund before the call date? How about a shorter call date? Full Article

For those in the process of preparing bond issues - Either for new projects or to refund prior bond issues for savings - once all the preparation is completed, there will undoubtedly be a big sigh of relief knowing all …

In September 2013, the Securities and Exchange Commission finalized its municipal advisor (MA) definition in accordance with requirements dictated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Full Article

As most of us know, in the wake of the financial meltdown of 2008, Congress has undertaken an effort to reform the financial markets through regulatory changes intended to guard against a variety of abuses that allegedly contributed to the …