Get a back stage view of the inner workings of how local governments borrow funds and the types of lending available.
When I tell people I am a bond lawyer, people generally assume that I work in the criminal justice system. Not exactly, I don't help people get out of jail, I help governments build jails to house inmates; I find many litigators and personal injury lawyers distasteful, just like everyone else. I practice Kumbaya law, my goal is to bring lots of different moving pieces together to acquire capital items for public entities. Or, as my wife more succinctly tells people, he helps cities buy firetrucks. The goal of this topic is to explain how local government entities legally borrow money. We will explore origins of public finance, the evolving concept of public purpose, limitations on governmental security and how loans or bonds get issued, delivered and repaid. We will also explore the real funding challenges faced by local government and the need to constantly evolve in order to maintain, develop, and construct capital facilities.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview/Background
- Evolution of Public Finance
- Public Purpose
- Powers/Control of Government
Types of Borrowing
- Understanding Municipal Credits
- Tax-Pledges
- Revenue-Pledges
- Lease Obligations
- Moral Obligations
Understanding the Players
- Issuers
- Legal Counsel
- Municipal Advisors
- Bankers
Transactional Building Blocks
- Loans vs. Securities
- Tax-Exemption
- Disclosure
- Other Legal Considerations for a Borrowing
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on August 14, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Lawrence E. Flynn, III
Pope Flynn, LLC
- Member with the Pope Flynn Group
- Concentrates in public finance and serves on the firm’s management committee
- Practice primarily consists of serving as bond counsel, disclosure counsel and underwriter’s counsel in South Carolina based transactions
- Achieved the highest rating with Martindale-Hubbell Law Directory
- Member of numerous professional and civic organizations
- J.D. degree, University of South Carolina School of Law; B.A. degree, Duke University
- Can be contacted at [email protected]
Gary T. Pope
Pope Flynn, LLC
- Member with the Pope Flynn Group
- Concentrates practice is in public finance
- Primarily focused on serving as bond counsel, disclosure counsel, or underwriter’s counsel in connection with public finance transactions
- A substantial portion of his practice is dedicated to higher education financings as bond counsel and underwriter’s counsel
- Achieve the highest rating with Martindale-Hubbell Law Directory
- M.B.A. degree, Darla Moore School of Business, University of South Carolina; J.D. degree, University of South Carolina School of Law; B.A. degree, with distinction, The University of the South
- Can be contacted at [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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