2026 PIC Workshop Agenda
- Day 1
- Day 2
| THURSDAY | November 19, 2026 | ||||
| START | SESSION | DURATION | SPEAKERS | ||
| 7:00 am | Registration/Breakfast (for in-person attendees) | 60 mins | |||
| 8:00 am |
Welcome and Opening Remarks | 5 mins
|
Coming Soon | ||
| 8:05 am |
POST-ISSUANCE COMPLIANCE: INTRODUCTION & BASICS | 25 mins
Post-Issuance Compliance (PIC) for tax-exempt bonds involves a range of ongoing responsibilities that issuers and borrowers must manage over the life of the bonds. These responsibilities include the investment and expenditure of bond proceeds, the use of the facilities financed with bonds, and secondary market disclosure. Maintaining a strong PIC program is crucial for preserving the tax-exempt status of the bonds. This session will cover the key components of an effective PIC program and give participants a foundation for the more detailed discussions that will follow during the Workshop. |
Coming Soon | ||
| 8:30 am |
PBU: REQUIREMENTS AND EXCEPTIONS | 45 mins
Understanding private business use (PBU) is crucial for anyone managing tax-exempt debt programs and bond-financed facilities. This session offers a thorough review of the main PBU rules and regulations, including those affecting 501(c)(3) organizations and unrelated trade or business activities. Panelists will discuss what constitutes PBU and the key exceptions to these rules. This session will provide practical guidance to help you maximize revenue opportunities while staying compliant with the federal tax requirements. |
Coming Soon | ||
| 9:15 am |
PBU: CONTRACTS AND AGREEMENTS WITH THIRD PARTIES, PART I (MANAGEMENT AND SERVICE AGREEMENTS) | 45 min
Contracts with third-party providers in bond-financed space can result in PBU, depending on how these agreements are structured. IRS Revenue Procedure 2017-13 outlines the safe harbor requirements for such contracts in facilities financed with tax-exempt bonds. Organizations must carefully apply these principles to reduce the risk of a noncompliant contract and the associated PBU. This session will cover the safe harbors that apply to management and service contracts, offering practical guidance on how to structure agreements to meet safe harbor criteria. Additionally, the session will explain how to measure PBU using real world examples. |
Coming Soon | ||
| 10:00 am | BREAK | 15 mins | |||
| 10:15 am |
PBU: CONTRACTS AND AGREEMENTS WITH THIRD PARTIES, PART II (SPONSORED RESEARCH) | 45 mins
With increasing regularity, organizations are seeking ways to boost revenue, attract and retain faculty, and build partnerships with the private sector. Sponsored research and the related arrangements are often considered as part of these efforts but come with compliance complexities. Panelists will discuss what types of sponsored research arrangements constitute PBU, explain the differences between basic and applied research, and review the IRS safe harbor rules. In addition, participants will learn how to calculate PBU in facilities where sponsored research occurs and understand the importance of proper tracking with respect to sponsored research in bond-financed facilities. |
Coming Soon | ||
| 11:00 am |
PBU IN THE REAL WORLD: CASE STUDIES | 45 mins
Since such a small amount of private business use (PBU) is permitted in tax-exempt financed facilities, managing third-party use can be challenging. Using real world scenarios, our panelists will cover topics such as change in use, remedial action, and floating equity. These examples will highlight PBU challenges and solutions, illustrating how organizations identify, analyze, and address PBU issues in bond-financed facilities. Attendees will gain actionable insights on applying compliance rules, avoiding common pitfalls, and implementing best practices to manage PBU effectively in their own organizations. |
Coming Soon | ||
| 11:45 am | LUNCH BREAK | 60 mins | |||
| 12:45 pm |
CONTINUING DISCLOSURE AND SEC AND MUNICIPAL MARKET CONSIDERATIONS | 60 mins
Continuing disclosure for municipal debt offerings is essential for ensuring transparency, providing ongoing information about the issuer or borrower to investors and regulators. This session will highlight the importance of accurate, timely market information, featuring industry experts. Panelists will discuss current regulatory expectations, enforcement trends, best practices for disclosure obligations, including primary offerings, and the upcoming implementation of the Financial Data Transparency Act. Attendees will learn how to maintain compliance and avoid pitfalls in secondary market disclosure. |
Coming Soon | ||
| 1:45 pm |
MUNICIPAL MARKET WATCH: OPPORTUNITIES AND CHALLENGES | 45 min
The municipal market continues to present both challenges and opportunities for organizations utilizing tax-exempt debt. While higher rates can make investing bond proceeds more attractive, they can also present obstacles to bringing tax-exempt financings to market. This session will review recent trends in debt issuance, discuss the effects of fluctuating interest rates, and examine the current investment landscape. Panelists will share strategies for maximizing earnings on bond proceeds and steps that organizations can take to make the most of available opportunities in today’s market environment. |
Coming Soon | ||
| 2:30 pm | BREAK | 15 mins | |||
| 2:45 pm |
FINTECH MEETS PUBLIC FINANCE: INNOVATIONS SHAPING THE MUNICIPAL SECTOR | 60 mins
Digital innovations are transforming the public finance landscape, bringing new tools and technologies that are changing how municipal market participants manage debt, investments, budgeting, compliance, and investor communication. From digital platforms that streamline bond issuance to data-driven strategies that improve transparency and efficiency, these innovations are helping borrowers, investors, dealers, and advisors respond to today’s challenges with greater agility. Our panel will explore the latest digital solutions shaping the sector, share real-world examples in public finance, and discuss practical steps for adopting and integrating these advancements. Attendees will gain insights into emerging trends and learn how to harness advanced technologies to drive better outcomes, all while considering regulatory expectations and operational risks. |
Coming Soon | ||
| 3:45 pm |
HOT TOPICS IN PUBLIC FINANCE | 30 mins
Stay up to date with this dynamic discussion on current trends and topics in public finance. Our panel will share insights on strategies for preparing your next bond issuance, details on an innovative new business model, EaaS (Energy as a Service), and leveraging public-private partnerships to drive community investment and benefit from private expertise. Attendees will hear real-world examples and practical tips to address today’s challenges, adapt to market shifts, and take advantage of new opportunities shaping the future of municipal finance. |
Coming Soon | ||
| 4:30 pm | COCKTAIL RECEPTION (for in-person attendees) | 120 mins | |||
- Day 1
- Day 2
