MUNICIPAL FORUM COMMITTEES
2009-2010

Nominating Committee. At all times, the membership of the Nominating Committee shall consist of five (5) members of the Corporation, not more than two of which shall be Governors, including the chairperson of the Nominating Committee. At least sixty (60) days before the date of each annual meeting of the members, the Nominating Committee shall be appointed by the President. At least thirty (30) days before each annual meeting of the members, the Nominating Committee shall notify the Secretary of its nominees for Governors and (i) for elected officer positions to the Corporation, and (ii) for election whenever a vacancy arises in a Governor or an elected officer position. The Secretary shall include the names of members of the Nominating Committee and the nominees in the notice of the annual meeting. In presenting any nominees, whether to fill a vacancy or for a full term, the Nominating Committee shall follow a process as set forth by the Nominating Committee and approved by the Board of Governors. The Nominating Committee shall have and may exercise such additional authority and powers as are delegated to it by the Board of Governors.

Such public officials may be seated at tables at Forum events designated for public officials or randomly assigned to tables of members of the Forum who consent to such assignment. The costs for a public official invited to a Forum event is paid for exclusively by the Forum. In observing the ethics rules, a member of the Forum may invite a public official as its guest to a Forum event. Each public official, member of the Forum who invites a public official to a Forum event, and corporate table purchaser or corporate sponsor, is assumed by the Forum to be familiar with the ethics rules and to substantially comply with its restrictions. Please note that a public official may not solicit an invitation to a Forum event.

CHAIRPERSON

Joseph A. Branca
Bank of America Merrill Lynch
(212) 449-0655
joseph.branca@baml.com
(Term Expires 2010)

Frances A. Walton
Empire State Development Corporation
(212) 803-3510
fwalton@empire.state.ny.us
(Term Expires 2010)

Paula Dagen
Morgan Stanley
1221 Avenue of the Americas-30th floor
New York, NY 10020
212-762-8255
paula.dagen@morganstanley.com

Marian Zucker
Executive Vice President
New York State Housing Finance Agency State of New York Mortgage Agency
641 Lexington Avenue
New York, NY 10022
212 872-0314
mzucker@nyhomes.org


MEMBERSHIP COMMITTEE

Membership Committee. At all times, the membership of the Membership Committee shall consist of three (3) Governors, including the chairperson of the Membership Committee. The Membership Committee shall take appropriate action to encourage to filing of applications for membership in the Corporation. The Membership Committee shall be responsible for producing the annual membership guide of the Corporation.

CHAIRPERSON

Daniel Tomson
Citigroup Global Markets, Inc.
(212) 723-5707
daniel.tomson@citigroup.com
(Term Expires 2011)

Ned Flynn
Jeffries & Company, Inc.
(518) 447-7983
nflynn@jefferies.com
(Term Expires 2010)

Stanley R. Kramer
Hawkins Delafield & Wood
(212) 820-9470
skramer@hawkins.com
(Term Expires 2012)

Marian Zucker (Volunteer)
Executive Vice President
New York State Housing Finance Agency State of New York Mortgage Agency
641 Lexington Avenue
New York, NY 10022
212 872-0314


PROGRAM COMMITTEE

Program Committee. The Program Committee shall consist of not less than three (3) Governors, including the chairperson of the Program Committee. The Vice President shall be chairperson of the Program Committee. The Program Committee shall have general charge of all luncheon meetings and similar functions of the Corporation and all arrangements for such meetings, including the obtaining of speakers, after the approval of the Board of Governors has been obtained, and all matters pertaining to press notices and to such other publicity as the Board of Governors may consider desirable, and shall encourage attendance at meetings.

CHAIRPERSON

Vice President:
Rich Raphael
Fitch Ratings
(212) 908-0506
richard.raphael@fitchratings.com
(Term Expires 2010)

President:
Alan Anders
NYC OMB
(212) 788-5872
andersa@omb.nyc.gov
(Term Expires 2010)

George H. Butcher
ButcherMark Financial Advisors
(212) 719-2632
gbutcher@butchermark
(Term Expires 2012)


FINANCE COMMITTEE

Finance Committee. The Program Committee shall consist of not less than three (3) Governors, including the chairperson of the Program Committee. The Vice President shall be chairperson of the Program Committee. The Program Committee shall have general charge of all luncheon meetings and similar functions of the Corporation and all arrangements for such meetings, including the obtaining of speakers, after the approval of the Board of Governors has been obtained, and all matters pertaining to press notices and to such other publicity as the Board of Governors may consider desirable, and shall encourage attendance at meetings.

CHAIRPERSON

Treasurer:
Sonia M. Toledo
Wells Fargo Securities
(212) 214-6550
sonia.m.toledo@wachovia.com
(Term Expires 2011)

Faye J. Boatright
The BondFactor Company, LLC
FBoatright@BondFactor.com
(Term Expires 2012)

Frances A. Walton
Empire State Development Corporation
(212) 803-3510
fwalton@empire.state.ny.us
(Term Expires 2010)


AUDIT COMMITTEE

Audit Committee. The Audit Committee shall consist of not less than three (3) members who are not Governors. The Audit Committee shall audit the accounts of the Treasurer each year and report on the condition of such accounts at the annual meeting of the members.

CHAIRPERSON

Mark Muller
Loews/CNA Holding
Loews Corporation
667 Madison Avenue - 8th Floor
New York, NY 10021-8087
tel: (212) 521-2924
mmuller@loews.com

Jonathan Ballan
Mintz Levin Cohn Ferris Glovsky and Popeo
666 Third Avenue
New York, NY 10022
212-669-6722
jballen@mintz.com

Benjamin S. Thompson
Principal
Samson Capital Advisors
598 Madison Avenue
New York, New York 10022
Thompson@SamsonCA.com
Phone: 212-300-1600


COMMITTEE ON THE MUNICIPAL FORUM YOUTH AND EDUCATION FUND

Committee on The Municipal Forum Youth Education Fund. At all times, the members of the Committee on The Municipal Youth Education Fund shall include the four (4) elected officers of the Corporation, and shall administer the program of, and invest and disburse moneys in The Municipal Forum Youth Education Fund (the “Fund”) for the purposes set forth in the Articles of Incorporation of the Fund. For the purpose of acting as an advisory counsel pursuant to Article VI of these By-Laws, a member of the family of Robert C. Rosenberg and a member of the law firm of which Robert C. Rosenberg was a member, shall be members of such committee. In the event, for any reason, the Fund shall terminate or be terminated, the assets, moneys and functions of the Fund shall become the assets, moneys and functions of the Corporation and shall be administered by the Committee on The Municipal Forum Youth Education Fund.

CO-CHAIRPERSONS

Carol S. Kostik
NYC City Comptroller’s Office
(212) 669-8334
ckostik@comptroller.nyc.gov
(Term Expires 2011)

Ned K. Flynn
Jeffries & Company, Inc
(518) 447-7983
ned.flynn@jeffries.com
(Term Expires 2010)


OFFICERS OF THE FORUM SERVING ON THE COMMITTEE

President:
Alan Anders
NYC OMB
(212) 788-5872
andersa@omb.nyc.gov
(Term Expires 2010)

Vice President:
Rich Raphael
Fitch Ratings
(212) 908-0506
richard.raphael@fitchratings.com
(Term Expires 2010)

Secretary:
Kenneth W. Bond
Squire, Sanders & Dempsey LLP
(212) 872-9817
kbond@ssd.com
(Term Expires 2010)

Treasurer:
Sonia M. Toledo
Wells Fargo Securities
(212) 214-6550
sonia.m.toledo@wachovia.com
(Term Expires 2011)


AWARDS COMMITTEE

Awards Committee. The Awards Committee shall consist of the president of the Corporation, who shall be chairperson of the Awards Committee, the chair of the Committee on The Municipal Forum Youth Education Fund, and not less than three (3) members of the Corporation, at least one of which, as may exist, is a prior award winner. The Awards Committee shall (i) actively solicit nominees for awards beginning in January of any year, (ii) review qualifications of nominees, and (iii) recommend award recipients by the end of march of an year to the Board of Governors for its approval. The Awards Committee shall review the qualifications of nominees using the following criteria: (a) leadership in establishing or strengthening an institution or company which is or has been a significant participant in the municipal securities industry; (b) leadership in developing innovative financing structures, credit perspectives, or new or evolving perspectives significant to the municipal securities industry; (c) leadership in bringing to market significant municipal securities offerings; (d) leadership in the municipal securities industry over many years; and leadership and significant involvement in municipal securities associations and events.

Alan Anders
NYC OMB
(212) 788-5872
andersa@omb.nyc.gov
(Term Expires 2010)

Carol S. Kostik
NYC Comptroller’s Office
(212) 669-8334
ckostik@comptroller.nyc.gov
(Term Expires 2011)

Ned Flynn
Jeffries & Company, Inc
(518) 447-7983
ned.flynn@jeffries.com
(Term Expires 2010)

Frances A. Walton
Empire State Development Corporation
(212) 803-3510
fwalton@empire.state.ny.us
(Term Expires 2010)

William Cobbs
Public Resources Advisory Group
212-788-5600
wcobbs@pragny.com

Clair Cohen
Public Resources Advisory Group
212-788-5600
ccohen@pragny.com


ANNUAL DINNER COMMITTEE

Annual Dinner Committee. The Annual Dinner Committee shall consist of not less than three (3) members, including the chairperson of the Annual Dinner Committee. The Annual Dinner Committee shall make all arrangements for, conduct fund raising for, and address all ethics issues relating to persons attending the annual dinner of the Corporation and its affiliates.

CHAIRPERSON

Robert E. Dailey, Jr.
JP Morgan
(212) 270-3124
robert.dailey@jpmorgan.com
(Term Expires 2010)

Faye J. Boatright
The BondFactor Company, LLC
FBoatright@BondFactor.com
(Term Expires 2012)

George H. Butcher
ButcherMark Financial Advisors
(212) 719-2632
gbutcher@butchermark
(Term Expires 2012)


WEBSITE/COMMUNICATIONS COMMITTEE

Website/Communications Committee. The Website/Communications Committee shall consist of not less than three (3) members, including the Secretary and the Treasurer who shall be co-chairpersons of the committee. The Website/Communications Committee shall oversea the maintenance and development of the Corporation’s website and directory and review all communications of the Corporation of any kind to the public at large.

CO-CHAIRPERSONS

President:
Alan Anders
NYC OMB
(212) 788-5872
Fax: (212) 788-9197
andersa@omb.nyc.gov
(Term Expires 2010)

Secretary:
Kenneth W. Bond
Squire, Sanders & Dempsey L.L.P.
(212) 872-9817
kbond@ssd.com
(Term Expires 2010)

Treasurer:
Sonia M. Toledo
Wells Fargo Securities
(212) 214-6550
sonia.m.toledo@wachovia.com
(Term Expires 2011)