Maximizing Bonds

Your Guide to Arbitrage Rebate Basics

⚙️ Systems Thinking 💻 Virtual 🆓 Free

  • Date: May 15, 2024

  • Time: 9-10 AM

  • Location: Virtual; A recording on this session will be made available in the On-Demand Catalog.

  • Intended Audience: Superintendents, Assistant Superintendents & Chief Financial Officers

  • Registration Fee: Free and open to GOCSD Members and Nonmembers

Why Attend?

Did your district recently pass a bond issue? Or, are you trying to maximize the proceeds on your bonds to generate additional funds for your bond projects?

Join us to learn more about arbitrage rebate basics. Arbitrage on a bond issue occurs when the proceeds are invested at a yield either in excess or below the bond arbitrage yield. Arbitrage can be either “positive” or “negative.” In the current interest rate environment, issuers of public debt are seeing investment returns on bond proceeds that exceed the arbitrage yield, and this in turn makes understanding the nuances of arbitrage requirements vitally important.

This session will provide:

  • An overview of arbitrage requirements

  • Rebate exceptions

  • Best practices to ensure compliance with IRS arbitrage rebate requirements for tax-exempt bonds

Guest Experts

Dr. Allan Markley

Dr. Allan Markley
Director - Public Finance/Investment Banking
Raymond James

Dr. Allan Markley joined Raymond James in 2022 as Director - Public Finance/Investment Banking. Prior to joining Raymond James, Dr. Markley served Raytown C-2 School District as Superintendent of Schools for 14 years. Prior to that, Dr. Markley was Superintendent of the Sparta R-III and Logan Rogersville R-VIII School Districts, also in Missouri. Dr. Markley received his bachelor’s in education from Southwest Missouri State University, his Masters in Secondary Education from Central Missouri State University, and his Doctorate in Education Leadership from St Louis University. Dr. Markley has been married to his high school sweetheart, Kathy, for twenty-eight years and they have three sons, Seth, Luke and Joshua. Dr. Markley holds the Series 50, 52, 63 licenses and has passed the SIE exam.

Dr. Mike Reik

Dr. Mike Reik
Director - Public Finance/Investment Banking
Raymond James

Dr. Mike Reik joined Raymond James in 2022 as Director - Public Finance/Investment Banking. Prior to joining Raymond James, Dr. Reik enjoyed a 25-year career in public education. Dr. Reik began his employment with Platte County School District in the fall of 2001, acting as assistant principal in a dual role, both at Barry School and Platte City Middle School. After serving in this capacity for three years, he spent the following two years as the principal of Barry School. In the fall of 2006, Dr. Reik moved to the district office as Assistant Superintendent of Curriculum followed by Assistant Superintendent of Support Services. Beginning with the 2009-10 school year, Dr. Reik became Platte County R-3's fifth Superintendent of Schools. Dr. Reik received his Bachelor of Science in Elementary Education and Political Science from Bradley University, Peoria, his Master of Science in Educational Leadership from Northwest Missouri State University, and his Doctor of Education in Educational Leadership and Policy Studies from the University of Kansas - Lawrence. Dr. Reik resides in a development south of Platte City with his wife, Amy; her son, Nichola; and his sons, Sayer and Greyson. Dr. Reik holds the 50, 52, 63 licenses and has passed the SIE exam.

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GOLearn

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Review our GOLearn Framework to identify sessions that meet your needs, see what sessions are currently open for registration on our PL Events webpage, and access the content in our on-demand catalog to start learning now.