MSRB - FORUM ON LAND-SECURED DISCLOSURE

9:30 a.m. – 9:45 a.m.	Introduction Scott C. Sollers, Managing Director and Chairman, Stone & Youngberg, LLC Chairman, Municipal Securities Rulemaking Board
9:45 a.m. – 10:30 a.m.	Presentation of National Federation of Municipal Analysts’ Draft "Best Practices for Land-Secured Disclosure" Fritz Goss, Co-Chair, National Federation of Municipal Analysts Disclosure Subcommittee on Land Secured Finance, Director, MuniFinancial Ron Mintz, Co-Chair, National Federation of Municipal Analysts Disclosure Subcommittee on Land Secured Finance, Director of Research, Stone & Youngberg, LLC
10:30 a.m.– 11:45 p.m.	The Role of Developers in Providing Disclosure—A Discussion of How to Achieve "Best Practices" with a Practical Focus on Current Practices and Controversies David A. Doomey, Assistant Superintendent Facilities Planning, Capistrano Unified School District (Costa Mesa) Ann E. Eppinger, Managing Director, Prager, McCarthy & Sealy (DC) Charles W. Fish, Chairman and Chief Executive Officer, Charles Fish Investments Inc. (Costa Mesa) John V. Guthrie, Director of Finance, City of San Jose, California (DC and Houston) Cliff L. Kavenaugh, Senior Vice President, First Southwest Company (Houston) Bill Oliver, Senior Vice-President, Alliance Capital Management (DC) John R. Orrick Jr., Linowes and Blocher LLP, (DC) Fredric A. Weber, Partner, Fulbright & Jaworski L.L.P. (Houston) John P. Yeager, Partner, Hewitt & McGuire, LLP (Costa Mesa) MODERATOR: Stephen E. Heaney, Managing Director, Stone & Youngberg LLC
11:45 a.m. – 1:15 p.m.	Luncheon Speaker - Paul Maco, Director, Office of Municipal Securities, Securities & Exchange Commission Discussion of Good Disclosure Practices and the Impact in the Primary and Secondary Markets
1:15 p.m. – 2:15 p.m.	Appraisal Methodologies, Absorption Analyses, Valuation Methods, and Lien Calculations—A Discussion of How To Best Represent Value In Land-Secured Financing Transactions Nathan S. Betnun, Legg Mason Wood Walker, Inc. (DC) Peter F. Dennehy, Managing Director, The Meyers Group (DC and Houston) James B. Harris, President and Principal, Harris Realty Appraisal (Costa Mesa) Joseph Janczyk, President, Empire Economics (Costa Mesa) Susan McCormack, Putnam Investment Mgmt. Inc. (DC and Houston) Scott Owens, Vice-President, Franklin Templeton Group (Costa Mesa) Chris Stallings, Senior Managing Director, CB Richard Ellis (Houston) Oakleigh J. Thorne, Principal, Thorne Consultants (DC) William D. (Danny)Tyler, Partner, Nabors, Giblin & Nickerson, P.A. (DC) MODERATOR: Lawrence G. Rolapp, President and Managing Principal, Feldman, Rolapp & Associates (Houston) Timothy J. Schaefer, Principal, Fieldman, Rolapp & Associates (DC and Costa Mesa)
2:15 p.m. – 3:00 p.m.	Issues Involving Dissemination of Disclosure Information—Timing, Frequency and Format of Disclosure Rick Ashburn, Managing Director, MuniFinancial (Costa Mesa) Peter McStravick, Deputy Controller, City of Houston (Houston) Gary Moyer, Senior Vice President, Severn Trent Environmental Services (DC) Ed Nahmias, Vice-President, Capital Research Co. (DC and Costa Mesa) Samuel A. Sperry, Orrick, Herrington & Sutcliffe, LLP (DC, Houston and Costa Mesa) Linda Thomason, Deputy County Executive Officer, Riverside County (DC, Houston and Costa Mesa) MODERATOR: Thomas F. Walsh, Senior Vice President, Franklin Templeton Group
3:00 p.m. – 3:45 p.m.	Questions and Answers: Roundtable Discussion of National Federation of Municipal Analysts’ Draft "Best Practices for Land-Secured Disclosure" MODERATORS: Fritz Goss and Ron Mintz, Co-Chairs, National Federation of Municipal Analysts Disclosure Subcommittee on Land-Secured Finance

* Please note that this is a preliminary program schedule. Additional forum speakers will be announced at a later date.