Course Details: Bonds 101 and Primary & Continuing Disclosure Update
Target Audiences: School Districts
The goal of this session is to introduce participants to the municipal bond industry, its key words, processes, and players in a non-technical, engaging way. We have found this session also helps experienced issuers increase their understanding in such a way as to more effectively describe the process to governing bodies, constituents and colleagues. The session ends with a special segment: “Important Update on Disclosure Practices” along with plenty of time for Q&A. This is not a “how to” lecture. The complex details of issuing bonds are better left to “Bonds 102”. Instead, this is a conceptual roadmap to help the reader gain a better footing in the world of bond related public finance.
Course Learning Objectives: - Overview of Municipal Bonds - Eligibility requirements - Legal requirements of Municipal Bonds - Update on disclosure practices
This course will enhance the audience’s working knowledge as applicable to borrowing funds using Qualified Zone Academy Bonds. This session will provide the audience with real life examples of how QZABs have benefited other schools throughout the country, as well as provide the audience with an option to improve their district’s instructional facilities and programs.
John Payne is a Partner with Bradley Payne Advisors. He began his career as a budget analyst and assistant debt manager for the State of Ohio and followed that as an investment banker for more than two decades for two of Ohio’s premier banking groups. Mr. Payne’s experience includes senior managing or lead advising on several hundred Ohio school bond issues amounting to over $7 billion in offering value. He created Bradley Payne Advisors in 2009, an independent municipal advisory and consulting firm, where he has been lead advisor for over 100 school bond issues for approximately $1.6 billion in value. Mr. Payne graduated from Ohio Northern University with a Bachelor of Arts in Business and from Ohio University with a Masters of Political Science. Mr. Payne is a Registered Municipal Advisor with the Securities & Exchange Commission.
Andrew Brossart is a Partner with Bradley Payne Advisors. Prior to joining Bradley Payne, Mr. Brossart worked for William Blair & Fifth Third Securities for twelve years, where he led both firms’ expansions in the Midwest region. Mr. Brossart led the firms’ development/tax increment financing transactions and special district issues. Additionally, he acted as lead banker for Higher Education, School District, Utility District and local government financings. He has nineteen years of experience in public finance and significant experience with the Ohio southwest region’s issuers. Prior to Fifth Third, Mr. Brossart was a limited principal with Seasongood & Mayer in Cincinnati, Ohio from 1998-2004. Before beginning his banking career, Mr. Brossart served as the Director of Finance for the first Transportation Improvement District in the United States - the Butler County, Ohio Transportation District (BCTID), which was created to complete over $250mm in roadway improvement projects within the County. As Finance Director, Mr. Brossart oversaw the financing and accounting of those roadway projects. Prior to serving as Finance Director to the BCTID, Mr. Brossart served as Deputy Auditor in the Butler County, Ohio Auditor’s office.
Mr. Brossart received a bachelor’s degree in business administration from Xavier University in Cincinnati. While at Xavier he was a four-year varsity swim team member and record holder. He is a Registered Municipal Advisor with the Securities & Exchange Commisision.