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External Meetings: Conference Call with Andrew Kalotay Associates, Inc.
III. Business Conduct Standards w/ Counterparties
Thomas Eady (SEC)
Lourdes Gonzalez (SEC)
Jack McWilliams (SEC)
Cindy Oh (SEC)
Mary Simpkins (SEC)
Andrew Kalotay Associates, Inc.
Mr. Kalotay discussed industry practices regarding municipal issuers use of bonds and interest rate swaps, including the selection of swap advisors and issues regarding conflicts of interest and independence.