Banco Popular de Puerto Rico

Kirk Avila has served as the Orange County Transportation Authority’s Manager of the Treasury/Public Finance department since 1997. In this capacity, he is responsible for an investment portfolio of approximately $1.0 billion, a financing program that has over $500 million in outstanding debt, and the Authority’s investor relations program. As the Authority’s focal point to the investment community, Mr. Avila provides regular updates to the rating agencies and investors on the operating activities of the Authority and the status of the Orange County economy. Mr. Avila was also a member of the Authority’s acquisition team that purchased 91 Express Lanes. The acquisition was completed within a 12 month period that included the passage of legislation by the state legislature and the assumption of $135 million in outstanding debt. As a result of his ongoing involvement with the 91 Express Lanes, Mr. Avila was named General Manager in October 2006. Mr. Avila earned a Master’s of Science degree in Finance from Purdue University and a Bachelor‘s of Science degree in Mathematics and Economics from the University of California at Los Angeles.

Erin S. Gore recently joined Wells Fargo as an Executive Vice President, Education & Nonprofit Banking. She runs a national team of specialized relationship managers in the commercial bank focused on the needs of the higher education and nonprofit sectors. Prior to joining Wells Fargo, Erin held the position of the Chief Financial Officer at UC Berkeley. Key accomplishments included a campus-wide effort to have clear, accessible financials and campus data through new budget and decision support systems. Erin�s career in public finance includes prior positions as a rating analyst and committee member at Moody�s Investors Service, as well as investment banking in the higher education and nonprofit sector. She holds a BA from UCLA, and a MPA in Economic Policy from Columbia University. She is an avid adventurer and open water swimmer.

Jason Radford is Head of Ashurst's Americas Energy, Transport and Infrastructure Practice. He has over 15 years experience working in the transport, infrastructure and renewables sectors in the US, Europe and Asia. In this time, Jason has represented governments, sponsors, multilaterals, banks, bond issuers, underwriters/guarantors, contractors as well as corporates on a range of transactions including joint ventures, M&A deals, project financings, fund establishment, loan acquisitions and restructurings. Jason is the consultant editor of "A Practical Guide to PPP" described by Infrastructure Journal as "the PPP industry bible."

As Deputy Director of the Finance Division, Mr. Muñoz develops and implements systems and policies related to accounting, forecasting, budgeting, debt management, payment for goods and services, and the processing of receipts and revenues. He is also a lead participant for the Department in the comprehensive development agreement process. During his 23 year tenure with the Department, Mr. Muñoz has worked in the audit, budgeting, payment processing and administrative operations. Prior to his employment with the Department, Mr. Muñoz worked for the predecessor firm to KPMG performing audit and tax work. Mr. Muñoz earned a bachelor degree in accounting from The University of Texas at Austin in 1986 and is also a CPA and Certified Internal Auditor.

Rick practices in the public law area. His focus is public finance, serving as bond counsel, bank counsel, disclosure counsel or underwriters' counsel in tax-exempt bond transactions for school districts, junior college districts, cities, counties, state agencies and special authorities throughout Texas. He has extensive experience with education, utility and infrastructure financings. Rick has also represented various local governments on special projects, including legislative and investment matters. Rick is co-chair of the Firm's Public Law section. He also hold the following degrees: JD, 1986, with highest honors, University of Iowa, Order of the Coif, Moot Court Board, Editor and BA, 1981, Knox College. PUBLICATIONSMSRB Withdraws Pending Municipal Advisor Rule Proposals (September 14, 2011) Municipal Bond Offerings: MSRB Propose Rules of Conduct for Municipal Advisors (September 1, 2011)Legislative Alert: TWIA Finance Opportunities Under Senate Bill 3 (July 1, 2011) Municipal Bond Offerings: Proposed SEC Rule Impacts Appointed Board Members (January 7, 2011)Municipal Bond Offerings: SEC Charges State of New Jersey for Fraudulent Municipal Bond Offerings (August 19, 2010)Ratings Recalibrations and Material Event Notices (April 29, 2010)Inside the Minds™ “Public Finance Settlements and Negotiations - Breaking Down a Diverse Field” Aspatore Books (2006)PROFESSIONAL RECOGNITIONThe Best Lawyers in America, Public Finance Law (2006-2012)BRIEFINGS, SEMINARS & SPEECHES"Overview of Public Law Legislation Passed During the 82nd Legislative Session,"Estrada Hinojosa Annual Conference, Dallas, Texas (August 25, 2011)Role of Bond Counsel in a Texas City Financing (April 6, 2006)Made an industry presentation at the Texas Municipal Clerks Program (2006)AFFILIATIONSHouston Bar AssociationState Bar of Texas

As the interim executive administrator of the Texas Water Development Board (TWDB), Ms. Callahan serves as the chief executive officer of a state agency employing over 300 scientists, engineers, lawyers, GIS professionals, finance officers, and related support staff. Under the direction of a six-member board appointed by the governor, the TWDB is responsible for planning the statewide development of water resources, financing water-related infrastructure, and maintaining and disseminating natural resource data for Texas, which includes water-bearing formations and watersheds. Ms. Callahan began her tenure as interim executive administrator in March 2011. Ms. Callahan is a certified public accountant with more than 28 years of experience in public sector financial management, including accounting, budget and finance. Callahan joined the TWDB in September 2001 as the director of the fiscal services division and the chief accounting officer. She was named chief financial officer in August 2007. In her role as the CFO, Callahan monitored a $3.5 billion debt portfolio, a $5.1 billion loan portfolio, a $1.2 billion investment portfolio and formulated and managed a $70 million annual operating budget. Callahan graduated cum laude with a bachelor of business administration degree in accounting from Baylor University in 1982.

Boyd London is a Managing Director of FirstSouthwest, beginning his career there more than 37 years ago. He serves as a financial advisor to a diverse clientele of local governments, specializing in assembling and structuring both tax-backed and revenue bond financings from variable and/or fixed sources of revenue. His expertise includes the evaluation and structuring of economic development projects.He has a BBA in Finance from Texas A&M University. He is a Registered Representative of the Financial Industry Regulatory Authority (FINRA) holding Series 7, Series 24, Series 63, and Series 79 licenses.