Webinar: Understanding P3 Financing for Public Charter School Construction

The Bond Buyer
May.16.2018

Market experts describe a new federal public-private partnership subsidy program for financing public school facilities, including public charter school facilities. The program, Qualified Public Educational Facilities Bonds (QPEFB), makes traditional long-term, fixed-rate, tax-exempt financing available to for-profit commercial real estate developers, expanding the landscape of capital structures for public school development. Presenters include senior staff of the California State Treasurer’s Office involved in the roll-out a new program to implement the federal subsidy, as well as experienced municipal finance attorneys and investment bankers who will describe the program requirements and practical applications nationally.

Speakers:

Eugene Clark-Herrera, Partner
Orrick
Chas Cardall, Partner
Orrick
Katrina Johantgen, Executive Director
California School Finance Authority
John Kim, Managing Director
Stifel

Eugene Clark-Herrera Partner, Public Finance

San Francisco

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D:+1 415 773 5911
E: [email protected]

Practice:

Finance Sector
Public Finance

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Eugene Clark-Herrera Partner

San Francisco

Eugene has experience with a variety of financing structures and characteristics, including pension obligation bonds, synthetic fixed rate bonds, and various reinvestment vehicles. In addition, he has pioneered capital markets access for California public charter schools and advised governmental issuers, foundations, advocacy groups and policy makers in the development and expansion of public charter school access to tax-advantaged financing.

Eugene also serves on the Board of Directors of the nonprofit Mural Music & Arts Project, an arts-based youth development organization he founded in East Palo Alto, California, to educate, inspire and empower teens through the arts.

Prior to joining Orrick, Eugene was a public school teacher and science curriculum developer in the South Bronx and Washington Heights neighborhoods of New York City from 1993 to 1998. He is an alumni of the Teach for America Corps.

Charles C. Cardall Partner, Tax

San Francisco

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D:+1 415 773 5449
E: [email protected]

Practice:

Finance Sector
Tax

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Charles C. Cardall Partner

San Francisco

He also has legal experience relating to both charter schools and the federal income tax classification of governmental and quasi-governmental entities. He has consulted on thousands of tax-exempt, build America and tax credit bond issues and has developed deep knowledge in almost every tax aspect of municipal finance. Private activity bonds for multifamily housing, solid waste, charter schools and independent schools are areas of particular focus in his practice, as are higher education, short-term and long-term working capital and the various forms of pooled financings. Chas also has advised numerous clients experiencing financial distress or bankruptcy in tax matters relating to their municipal bonds. Representative active clients include the State of California, the University of California, the Bay Area Toll Authority, and Charter School Capital.

As a legal and policy advocate, Chas represents both government and non-government clients in federal tax rulemaking matters and in IRS proceedings, including the various types of tax-exempt bond audits, voluntary compliance (VCAP) requests and requests for private letter rulings. He has successfully closed IRS examinations relating to solid waste, water and wastewater, working capital, healthcare, pooled, multifamily housing, and industrial development bond financings. He has obtained multiple private letter rulings and technical advice memoranda and has been integrally involved in numerous regulation and legislative projects. He has found that a close working relationship with IRS and Treasury Department personnel often is critical to obtaining good results for clients.