County commissioners, city council members, and community planners are invited to attend the workshop to learn about wind project development due diligence, bond counsel considerations, and bond underwriting fundamentals specific to CREBS. Featured speakers include Mae Nan Ellingson from Dorsey & Whitney LLP and Chris Flannery, vice president of the fixed income division of Piper Jaffray in Minneapolis.
Since 2006, the Internal Revenue Service has awarded bonding authority more than 47 times for CREBS to municipalities and school districts in Montana. The bonding process, as well as the accompanying wind generation project, is complex. This workshop will help decision makers understand the bonding authority, assess the project proposals for their area, and make decisions regarding how to proceed with CREBS.
"The CREBS bonds are very complicated," said Carbon County Commissioner, John Prinkki, who attended a version of the training in 2007 in Helena. "The workshop that I attended helped me to evaluate the risks and rewards for Carbon County. I believe we avoided some costly missteps because we, as commissioners, were able to understand the project we were evaluating."
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