NABL

As bond lawyers meeting in Phoenix discussed current topics in securities law and enforcement on Thursday, one theme that emerged was the importance of a smart response to SEC inquiries.

Maynard Cooper & Gale hires six from Balch & Bingham.

NABL details at least seven alternatives for outstanding bonds as well as five ways that new bond transactions can be structured.

Regulators will focus on helping dealers and municipal advisors comply with recently adopted rules and will also monitor how tax reform legislation impacts muni market practices.

Bank loan documents often have corporate tax gross-up provisions.

Muni issuers want six months to a year on transition relief for advance refundings, which the tax bills would terminate after Dec. 31.

Even though tax bills would have a PAYGO problem, Republicans may have the upper hand.

Advance refundings were 27% of market last year, PABs were 19% and most were 501(c)(3)s.

Market participants think the SEC will narrow its proposal to add event notices under Rule 15c2-12.

Uncertainly remains over whether any changes will have a lasting impact, according to Jessica Giroux.

The awards were presented were presented at a meeting in Chicago.

SEC muni enforcement lawyers have become sophisticated and have a wealth of data to mine.

Dee P. Wisor, an attorney at Butler Snow in Denver, will be elected as next year's president.

New National Association of Bond Lawyers president Sandy MacLennan wants to publish more research.

The tax reform plan does not mention munis and market participants would rather see it in writing than have assurances from the White House.

NABL paper tells lawyers everything they wanted to know about bank loans, private placements.

Jessica Giroux will replace Bill Daly as NABL's director of government affairs next year.

NABL has revised the model letter of underwriters' counsel it issued in 1999

Bond Dealers of America and the National Association of Bond Lawyers make regulatory recommendations to the Treasury Department and Internal Revenue Service.

Bill Daly, NABL's director of governmental affairs, plans to retire at the end of the year and the group is looking for his replacement.