New York, NY, April 09, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Jong Sook Nee, Partner, McManimon, Scotland & Baumann, LLC will speak at the Knowledge Group’s webcast entitled: “Payments-Based Public-Private Partnerships (PPP): Public Benefit and Private Capital in 2015.” This event is scheduled for June 18, 2015 from 12:00pm – 2:00pm (ET).
For further details, please visit: http://theknowledgegroup.org/event_name/payments-based-public-private-partnerships-ppp-public-benefit-and-private-capital-in-2015-live-webcast/
About Jong Sook Nee
Jong Sook Nee is a partner at McManimon Scotland & Baumann. Her primary practice areas include redevelopment and finance for public and private clients. Jong Sook’s clients have included the City of Bayonne, Township of Edison, City of Hoboken and Elberon Development Companies, to name a few. Her work has been instrumental in generating economic development throughout the State of New Jersey and stabilizing ratables for public entities through creative and effective financing tools, including public-private partnerships. Jong Sook’s work has been at the forefront of financing development ranging from tax exemptions to new markets tax credits. She has also served as Policy Counsel to Governor Corzine, served on the State Planning Commission and was the appointed Smart Growth Ombudsman.
About McManimon, Scotland & Baumann, LLC
McManimon, Scotland & Baumann, LLC is a law firm focused on New Jersey – serving both government and private clients – with an extensive history in public finance law. Founded in 1971, the firm brings a unique ability to bridge the public sector with the private sector in order to realize groundbreaking projects.
Despite its fundamental importance in economic health, infra-structure in the United States has been very inadequately maintained and poorly funded. Political dysfunction, fiscal difficulties, technological complexity and size of contracts, and other issues are forcing a re-examination of financing approaches.
Partnerships between government agencies, private firms, banks, financiers, and the public are becoming more common. Such Public-Private Partnerships (PPP) are neither the ultimate solution for all projects nor an overt attempt to obtain corporate control of public funds. A PPP is a legally binding contract between a public sector entity and a private company, the concessionaire, in which the partners agree to share risks and benefits in funding and developing infrastructure projects.
Infrastructure PPPs are politically, economically, contractually, and technically challenging. However, in tax averse and politically grid-locked societies such as the United States, they can be appealing. Nevertheless, there are legitimate concerns voiced by the public and legislators including the role of private companies in managing public functions, such as prison services, traffic enforcement, and other ‘services’ that might be viewed as raising conflicts of interest.
Creating an effective, lasting, and accountable PPP requires sound legal contracts, competent public officials and skilled private expertise, the rational use of public funds, and strong cooperation among all parties in addition to the informed consent of the public.
The Knowledge Group has assembled a panel of key thought leaders to provide an over-view and discussion of the complex issues relating to Payments-Based Public-Private Partnerships (PPP). Panel members will offer their expertise and provide information to help design efficient PPP Contractual and Procurement Processes.
Key topics include:
− Fundamentals of Public-Private Partnerships (P3)
− Availability Payments-Based P3 Structure
− P3 Contractual Structures
− Design-Bid-Build (DBB)
− Design-Build (DB)
− Design-Build-Finance-Operate-Maintain (DBFOM)
− Best Practices in Structuring Procurements
− Payment Mechanisms for P3s
− Debt Constraints and Debt Sharing
− Risk Sharing
− Legal Framework
− Quantifiable Public Goals
− Regulatory Compliance
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Group, LLC was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/