SOURCE: The Bond Buyer

The Bond Buyer

The Bond Buyer

August 10, 2009 09:10 ET

The Bond Buyer and The Bank of New York Mellon Announce "Municipal Finance in the Stimulus Era" Educational Conferences for State and Local Government Leaders

NEW YORK, NY--(Marketwire - August 10, 2009) - The Bond Buyer, SourceMedia's daily newspaper for municipal finance, and The Bank of New York Mellon today announced they will co-sponsor a pair of full-day educational seminars for state and local government officials who are leveraging the Federal stimulus package to maintain or expand their capital programs. The events will be held in Washington, DC on September 30th, and Chicago on October 7th.

"States and local governments are playing a key leadership role in the American Recovery and Reinvestment Act," said Troy Kilpatrick, managing director and head of the Corporate and Municipal Finance Group within The Bank of New York Mellon's Global Corporate Trust business. "They're partnering through grants that help maintain spending on key social programs and powerful new financing tools that are unlocking capital funds for crucial public infrastructure. These seminars will give state and local leaders a timely and effective forum for sharing their ARRA experience, especially as it relates to best practices around funding, compliance and transparency."

The municipal finance market has been responsible for one of the ARRA's first major success stories -- the nearly $20 billion of Build America Bonds that have been sold since April, making it significantly cheaper to finance public schools, roads, and other capital projects and leading directly to job protection and creation across the country.

In addition to instruction on how to structure and sell Build America Bonds and other ARRA-created financing tools, the program will highlight the need for municipalities to improve their recordkeeping and reporting to stay in compliance with the stimulus legislation's unique transparency requirements.

About The Bank of New York Mellon: The Bank of New York Mellon's corporate trust business services nearly $12 trillion in outstanding debt from 57 locations in 19 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings. The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets.

About The Bond Buyer and SourceMedia:

The Bond Buyer is SourceMedia's 117-year-old daily newspaper of municipal finance, and is distributed in print and online to an audience of more than 15,000 municipal bond professionals nationwide. The Bond Buyer Conferences reach more than 1,500 attendees each year and are the market's premier venues for education and professional development.

SourceMedia, an Investcorp company, is the pre-eminent provider of timely and essential news, analysis, research, and insights for members of the financial services community, and the related fields of professional services and technology. SourceMedia offers its clients and subscribers professional publications, industry-standard data applications and in-depth seminars and conferences.

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