1. THE ART OF READING BOND DOCUMENTS
CIFA SRF Workshop
November 1, 2016
Scott Campbell
Ohio Water Development Authority
David Goodman
Squire Patton Boggs (US) LLP

2. The Bond Documents

3. Bond Counsel Presents the Bond Documents

4. CFO Commences Reading of the Bond Documents

5. CFO Reading the Bond Documents 5 minutes

6. CFO Reading the Bond Documents 10 minutes

7. CFO Reading the Bond Documents 15 minutes

8. What Bond Counsel Sees
(b) The sum of the Projected Payments to be received during each calendar year will aggregate an amount at least equal to 105% of the amount required to be paid into the Debt Service Fund during each such calendar year to pay the Bond Service Charges due in such year, less an amount equal to any Capitalized Interest to be applied against the Bond Service Charges in such year, on all Fresh Water Bonds to be outstanding after the issuance of such Fresh Water Bonds (including any Subordinate Obligations over an Assumed Amortization Period), and the Authority will have furnished to the Trustee a certificate of the Executive Director or the Fiscal Officer of the Authority making and setting forth the calculations required by this paragraph.

9. What CFO Sees
(b) The sum of the Projected Payments to be received during each calendar year will aggregate an amount at least equal to
105%
of the amount required to be paid into the Debt Service Fund during each such calendar year to pay the Bond Service Charges due in such year, less an amount equal to any Capitalized Interest to be applied against the Bond Service Charges in such year, on all Fresh Water Bonds to be outstanding after the issuance of such Fresh Water Bonds (including any Subordinate Obligations over an Assumed Amortization Period), and the Authority will have furnished to the Trustee a certificate of the Executive Director or the Fiscal Officer of the Authority making and setting forth the calculations required by this paragraph.

10. Post-Closing Use of the Bond Documents

11. Post-Closing Use of the Bond Documents

12. Post-Closing Use of the Bond Documents

13. Negotiation of the Trust Agreement