Conduit Bonds

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Conduit Bonds  
Mary L. Groves January 30, 2009
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Presenter

• Mary Groves is a senior partner with Peck,
  Shaffer Williamsin the Denver office

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The Issuer
We cant do it without you!
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Sources of Authority

• Home Rule Charter
• County and Municipality Development Revenue
  Bond Act
• Supplemental Public Securities Act

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Revenue Bond Act

• Defines projects
• Eight mile rule
• Delegation power to other jurisdictions

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Tax Considerations

• Conduit bonds are lower on the food chain
• Volume cap
• Bank qualification
• TEFRA Hearing/Approval

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The TEFRA Hearing/Approval

• Publication must meet Code requirements
• People have a right to speak, but Issuer doesnt
  have to respond
• Issuer approves bonds, but is not liable
• Help your elected officials

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Presenters Information
Mary L. Groves Peck, Shaffer Williams
LLP 1801 Broadway, Suite 1700 Denver, Colorado
80202 [phone] Main [phone] WATTS
(Toll Free) [phone] Facsimile mgroves_at_pecks
haffer.com www.peckshaffer.com