3:20pm Living With the New Private Activity Bond Refunding Regulations. This panel will discuss some of the technical and practical problems encountered by practitioners and their issuer clients under the final private activity bond refunding regulations, including the impact of the regulations on record-keeping
requirements. Panelists: Bruce M. Serchuk, Nixon Peabody LLP, Washington, DC; Scott Lilienthal, Hogan & Hartston LLP, Washington, DC; Johanna Som de Cerff, Senior Technician Reviewer, Office of Chief Counsel, IRS, Washington, DC.
4:15pm Issue Price. This panel will discuss some of the
technical issues that arise in determining a bond''s “issue price” under section 1.148-1, including the idefinition of investing public and the application of the reasonable expectations rule. Panelists: Michael G.
Bailey, Foley & Lardner LLP, Chicago, IL; Scott R. Lilienthal, Hogan & Hartston LLP, Washington, DC;John J. Cross III, Attorney Advisor, Department of Treasury, Washington, DC.
4:50pm Enforcement. This panel will discuss the appeals
process in the tax-exempt bond area, including Revenue Procedure 99-35 and the committee’s project recommending modifications to the process, and will discuss current developments in the IRS’s Office of Tax Exempt Bonds. Panelists: Jeremy A. Spector, Blank
Rome LLP, Philadelphia, PA; Steven Chamberlin, Acting Manager, Office of Outreach, Planning and Review, IRS, St. Louis, MO.