National Association of State Treasurers & State Debt
Management Network
Annual Meeting

Lake Tahoe, Nevada
September 18-22, 2005


State Debt
Management Network


       






 

National Association of State Treasurers
2760 Research Park Drive
Lexington, KY 40
511-8482

859-244-8175
859-244-8053 (fax)

nast@csg.org
www.nast.org

Download Conference Presentations
Last updated September 26,  2005

Please click on the selected speaker to download their PowerPoint Presentation or conference handout materials.

Sunday, September 18, 2005
4:00 p.m. The Democratization of Capital
Introduction: Hon. Brian K. Krolicki, Nevada State Treasurer

Speaker: Mike Milken, Chairman, The Milken Institute
Philanthropist, financier and medical research advocate Mike Milken will discuss several overriding trends of the early 21st century including the worldwide democratization of human capital, social capital and financial capital. He will link the experiences of his 30 years of philanthropy and 20 years on Wall Street in a dynamic visual presentation.
 

Monday, September 19, 2005
7:30-8:30 a.m.

Conference Breakfast with opening of Expo

8:30 a.m. Conference Opening and Welcome


 

Hon. John D. Perdue, NAST President and West Virginia State Treasurer
Hon. Brian K. Brolicki,
Conference Host and Nevada State Treasurer
Hon. Robert Cashell,
Mayor of Reno, Nevada
Hon. Kenny Guinn,
Governor of Nevada
 

9:30 a.m. Deals of the Year
 Learn how states have broken away from the traditional styles of financing and found some fantastic bargains in return. State issuers will review innovative public infrastructure financing transactions highlighting new financing techniques, and exploring significant benefits, as well as issues raised by these transactions.
Moderator: Hon. Michael A. Ablowich, New Hampshire State Treasurer
Presenters: Hon. Michael J. Murphy, Washington State Treasurer
Hon. Denise L. Nappier, Connecticut State Treasurer
Hon. Jody M. Wagner, Virginia State Treasurer
 
10:30 a.m. Disaster Preparedness: The Financial Angle
Recent events have again highlighted the financial strains that can be placed on the state, local and federal government entities. Government finance officers will share experiences, planning efforts, disaster aid and recovery efforts, and concerns of implementing those relief plans.
 
Noon Conference Luncheon with Expo
"The Evolution of Gaming in America"
Introduction: Hon. Brian K. Krolicki, Nevada State Treasurer
Speaker: Phil Satre, Former Chairman Harrah's Entertainment
  

2:00-4:00 p.m.


NAST Innovations Roundtable

The nation’s state treasurers will exchange information about the newest and most innovative initiatives undertaken in their states. Learn how to position state investments to obtain optimum results.
Moderator:
Hon. Jody M. Wagner, Virginia State Treasurer
Presenters:
Hon. Randall Edwards, Oregon State Treasurer
Hon. Denise L. Nappier,
Connecticut State Treasurer
-Handout 1
-Handout 2
Hon. Dale Sims,
Tennessee State Treasurer
Hon. Jack Markell, Delaware State Treasurer
Hon. John  Perdue, West Virginia State Treasurer


3:00-4:30 p.m.
 


Technology Showcase
A review of new technology that facilitates efficiency in operations of debt portfolios, such as accessing direct retail sales, compliance and investor relations, disclosure, and electronic bidding.
Moderator:
Robert L. Watson, Debt Management Specialist, New York Office of the State Comptroller
Presenters:
Courtney Shea,
Senior Vice President,  ABN AMRO Financial Services, Inc.
Anne Flynn,
VP Sales, DBC
Lisa Olsen,
Vice President, Digital Assurance Certification (DAC)
Rich Robins,
Vice President, Public Funds, Mellon Financial Corporation/Eagle Investments
John Hester,
Product Manager, i-Deal
John Dillavou,
President, Prescient Software Inc.
 


6:00 p.m.

Conference Reception and Dinner at
Historic Genoa, Nevada

Put on your cowboy boots and ten gallon hat for a town tour of Nevada’s oldest settlement in the spectacular Sierra Nevada Mountains. Explore the former stomping ground of Mark Twain and Kit Carson before enjoying a delicious Nevada-style barbeque.
Tuesday, September 20, 2005
7:30-8:30 a.m.

Conference Breakfast with opening of Expo

8:30 a.m.
 


2006 and Beyond: An Economic Outlook

One of the nation's leading economists will discuss the direction of the economy and provide actuarial assumptions for growth.
Moderator:
Hon. David Petersen,  Arizona State Treasurer
Speaker: Robert DiClemente,
Senior U.S. Economist, Citigroup


11:00 a.m.


Leveraging Public Assets

The privatization of public facilities is often considered a new source of capital. This session will provide an in-depth review of public policy concerns and an examination of recent activities.
Moderator:
Hon. Nancy K. Kopp, Maryland State Treasurer
Speakers:
Walter Knorr,
Cook County (Ill.) Comptroller
Richard Raphael,
Executive Managing Director, Fitch  Ratings
Kathleen Brown,
Goldman Sachs and Company


Noon

Conference Luncheon
with Expo
"Mythbusting in Nevada: Finding the Truth in the Tale"
Sit for a spell and listen as a renowned Nevada historian dispels some of the most common myths associated with the State.
Introductions: Hon. Brian K. Krolicki, Nevada State Treasurer
Speaker: Guy Rocha, Nevada State Archivist

2:00-3:30 p.m.

NAST Credit Rating and Debt Management Committee
and
SDMN Annual Business Meeting
Presiding: Hon. Michael A. Ablowich, Chair, NAST Credit Rating & Debt Managment Committee and New Hampshire State Treasurer; and Robin V. Reedy, Chair SDMN and Deputy Treasurer, Nevada State Treasury

3:30-4:30 p.m.

NAST Annual Business Meeting
Presiding: Hon. John D. Perdue, NAST President and West Virginia State Treasurer
 

6:00 p.m.


Conference Reception and Dinner at
Thunderbird Lodge

Capture the feeling of “Old Tahoe” when you visit this magnificent Tudor style mansion. Tour the scenic 10,000 acre property and catch a glimpse of “The Thunderbird”, the 1930s wooden speedboat from which the lodge gets its name. Afterwards participants will dine in style on the beautiful east shore of Lake Tahoe. 

 
Wednesday, September 21, 2005
7:30-8:30 a.m.

Conference Breakfast


9:00 a.m.

Opening of day
Robin V. Reedy, Chair, SDMN and Deputy Treasurer, Nevada State Treasury

 

From Headlines to Bylines:
Behind The Scenes Of Finance Journalism

Whether they inspire or infuriate you-financial journalists definitely have their fingers on the pulse of the nation’s money matters. Get a behind the scenes look at the editorial process and just what goes into writing those attention grabbing headlines.
Moderator
: Hon. Denise L. Nappier, Connecticut State Treasurer
Speaker:

David Lazarus,
Business Columnist, San Francisco Chronicle

10:00 a.m.


Latest Developments In
Tobacco Securitization
This session will review the current financial prospects of the 1998 global tobacco settlement. Experts will explore how states are handling funds under the agreement, and what methods they are using to leverage or securitize these funds.
Moderator:
Robin V. Reedy, Chair, SDMN and Deputy Treasurer,  Nevada State Treasury
Speakers:

Kym Arnone,
Senior Managing Director, Bear Sterns
Jeffrey Hyman,
Director, UBS
Steven Kantor, Senior Vice President, First Southwest Company
Richard L. Sigal,
Partner, Hawkins Delafield & Wood LLP


Noon

Conference Luncheon
Nevada: An Insider's View
A real-life cowboy, John Tyson will share his tall tales about a cowboy's life on the range.
Introduction: Hon. Brian K. Krolicki, Nevada State Treasurer
Speaker: John Tyson, Real Life Cowboy 

2:00 p.m.


Municipal Market Review-
From The Buyer’s side
This session brings together “buy side” experts from the institutional investors who will share with us what are the key features of a bond issue they look for before purchasing bonds, and how they view both the current and future markets for tax-exempt bonds.
Moderator:
Thomas Howard, Acting Executive Director, Kentucky Office of Financial Speakers:
Charles Grande,
Senior Vice President, Hartford Investment Management
Timothy Ryan,
CFA, Principal, State Street Global Advisors and Unit Head, Municipal Bond Group
Gary Strumeyer,
Managing Director, Bank of New York Capital Markets, Inc.


3:00 p.m.

 


Regulatory Hot Topics
Congress and federal regulators, including the Internal Revenue Service have increased their scrutiny of the tax-exempt bond market. In this session, key players from Washington will review the latest activities affecting the municipal bond market, including tax proposals to restrict tax-exempt bond financing, revisions to the federal SLGS program, and developments in the MSRB market tracking programs
.
Speakers:
Ben Watkins, Director, Division of Bond Finance, Florida Department of Financial Services
John R. Vogt,
Executive Vice President, Bond Market Association
 


4:00 p.m.


Interest Rate Swaps
State officials will review the benefits and potential pitfalls of employing the use of swaps including swaps as a financial tool, swap portfolio and risk management, swap terminations, as well as accounting and disclosure issues as they relate to swaps.
Moderator:
Catherine S. Boone, Assistant Treasurer, State of Connecticut
Speakers: Peter Block, Director, Standard & Poor's
Hon. Brian K. Krolicki
, Nevada State Treasurer
Alfred Mukunya,
Senior Managing Consultant, PFM Asset Management LLC


5:00 p.m.

Conference Reception and Dinner at
Lakeside Cottage Green

“NAST Sierra Nevada Games & Beach Party”

Bring your athletic prowess and team spirit for a sporting good time during this final conference event. This will be an evening of fun and relaxation on the beach. Enjoy a cozy campfire as the sun settles behind the mountains and day turns to dusk.