Bond Accountability Commission 2 Recommendations Page A-5

and maturity, giving strong accurate national pricing averages for the purposes of analyzing municipal securities transactions. In addition, Delphis-Hanover and Mr. Tobin consult actively with significant issuers in connection with evaluating bond pricing at the time of sale. Mr. Tobin, a former bond lawyer, received his law degree from Columbia Law School. Additional information regarding Delphis-Hanover and Austin Tobin may be obtained at www.delphishanover.com.

Law Office of Perry Israel Perry Israel concentrates his practice in tax-exempt financing, Indian tribal financing, low-income housing credits, and mortgage credit certificates. He has acted as tax counsel, Bond Counsel, and underwriter’s counsel on a variety of financings for a wide range of projects. Mr. Israel acts as a consultant or special tax counsel to various Bond Counsel firms across the country. He also advises issuers and conduit borrowers on post-issuance compliance matters and represents issuers and borrowers in audit examinations by the Internal Revenue Service. Prior to starting his own practice in 2007, Mr. Israel was a partner at Orrick, Herrington & Sutcliffe LLP in San Francisco and Sacramento for 20 years.

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