January 30, 2016

In Memoriam: Frederic L. (Rick) Ballard, Jr.

Frederic L. (Rick) Ballard, Jr., the author of ABCs of Arbitrage: Tax Rules for Investment of Bond Proceeds by Municipalities (ABA 2011), a seminal reference work originally published in 1978 and used by public officials, municipal bond attorneys, and investment bankers, died on May 11, 2015. He represented government agencies, investment banks, nonprofits, and other borrowers of tax-exempt bonds and played a leading role in the bond financings of some of the nation’s largest public buildings, including the Denver International Airport and the Pennsylvania Convention Center in Philadelphia. A master at translating extraordinarily complex information into terms everyone could understand, Mr. Ballard was active in the Section, the former director of the American College of Bond Counsel, and the former chair of the American College of Tax Counsel. He was a lifelong supporter of the National Association of Bond Lawyers and served as both its director and the chair of its Tax Committee.