Hunt Valley, MD
443-691-1874 mc@envfin.com

CV

Michael Curley, Esq.
443.691.1874
curley@eli.org

CURRICULUM VITAE 

EXPERIENCE:

2013 –                          Visiting Scholar, the Environmental Law Institute, Washington, D.C.

2012 – 2013                 Visiting Professor, the George Washington University School of Business, teaching Environmental Law, Environmental Finance, Environmental Management Systems, and other related courses.

2008 –                          President, Environmental Finance LLC, Mr. Curley’s sole-proprietorship housing three contracts with the U.S. Environmental Protection Agency to develop new financial incentives for two air pollution control programs and the $100+ billion Clean Water State Revolving Fund. The company advised the Shell (U.K.) Foundation and the World Resources Institute (WRI) on climate change finance in India, Turkey, Brazil, Peru, and Mexico in conjunction with the “P8”, which are the eight largest pension funds in the world convened by the Prince of Wales under the auspices of Cambridge University to foster climate change investment. The company also advised the National League of Cities on the creation of a mutually owned municipal bond insurance company as well as several public and private clients on environmental project finance related to climate change.

2001 – 2007                Executive Director and Founder, International Center for Environmental Finance (ICEF), which was funded with a $3 million grant from the Office of International Affairs (OIA) of the United States Environmental Protection Agency (EPA) to develop national municipal bond banks for the Russian Federation and Ukraine to finance environmental infrastructure. ICEF designed a revolving fund for safe drinking water for the Ministry of the Environment in the Republic of Georgia and built fifteen rural water systems and developed the national model for rural water finance in the Republic of Kazakhstan. ICEF also provided advisory services on environmental finance for USAID, the Asian Development Bank, the Global Environment Facility and the United Nations in Eastern Europe, the former Soviet Union, China and Southeast Asia.

2002                            Senior Financial Advisor, the QueensFort Investment Corporation. QueensFort arranged lease/leaseback transactions for major municipal infrastructure systems in the United States.

1997 – 2001                 Senior Financial Advisor, OIA, EPA. Mr. Curley was retained to help create permanent, nationwide, self-supporting, market-based finance systems for environmental and energy projects throughout the developing world.

1995 – 2001                 Founder and president, General Trade Assistance Corporation (GTAC). GTAC was the corporate consulting vehicle for Mr. Curley in the areas of trade and project finance as well as financial guaranty and trade credit insurance. Mr. Curley’s significant consulting assignments included:

2001 – the creation of a credit-enhanced, asset backed Commercial Paper conduit issuing program for a $1.5 billion B2B trade card company in Kansas City

2000 – 2001 – In 1998, Mr. Curley wrote the business plan for a new financial services product in the international trade finance field, which was adopted by the Enhance Financial Services Group, Inc. (NYSE:EFS) in 1999. In January 2000, Mr. Curley began active consultation for EFS. In May 2000, EFS spun off this new venture as Credit2B.com, Inc. and funded it with $14 million.

1998 – the creation of a Standard & Poor’s rated financial guaranty insurance program for major international power and telecommunications projects on behalf of a privately held Washington-based merchant bank.

1995-2000 – the creation of a US operation for Hilton Malcolm Underwriting, Ltd., a major underwriter of trade credit insurance for Lloyd’s of London.

1988 – 1995                 Partner, Hall, Curley & Co., Inc. After selling his company, IDBI, in 1988, Mr. Curley joined with Kenneth S. Hall, the former executive vice president of the American Municipal Bond Assurance Corporation (AMBAC), to form Hall, Curley & Co., Inc., a private merchant bank specializing in economic development and environmental infrastructure. Hall, Curley & Co. was a registered securities dealer and a member of the National Association of Securities Dealers (NASD). Mr. Curley was, at that time licensed as a General Securities Principal. While with Hall, Curley & Co., Mr. Curley also served as a financial advisor to the World Bank, the North Atlantic Treaty Organization (NATO), and the U.S. Agency for International Development as well as several major corporations and government agencies. Hall, Curley & Co. was responsible for the founding of:

– National Guaranty Management, Inc., of Norwalk, Connecticut, which from 1988 to 1992 provided financial guaranty insurance for municipal bonds for environmental infrastructure of over $150,000,000.

– National Economic & Community Development Council, Inc. (NECDC), which provided specialty Directors & Officers liability insurance for over 100 economic development organizations throughout the U.S. In early 2001, Mr. Curley sold NECDC to a major national brokerage.

1984 – 1988                 President, CEO, and founder of Industrial Development Bond Insurance Managers, Inc., (IDBI), a managing general agency of the Continental Insurance Company, which guarantied over $375,000,000 of Collateralized Debt Obligations (CDOs) issued on behalf of industrial and commercial projects. IDBI was the third company in the United States to enter the financial guaranty insurance business and the first company in the world to insure CDOs. Mr. Curley prepared and marketed the prospectus for IDBI which was funded within two months. Mr. Curley recruited, interviewed, screened, hired and monitored the overall performance of three, IDBI division directors and twenty-eight, full-time employees. In 1984, the majority interest in IDBI was acquired by the Corroon & Black Corporation (now Willis), a New York Stock Exchange company and the fifth largest insurance brokerage firm in the United States. Mr. Curley also served as President of the Financial Services Division of the Corroon & Black. In 1988, IDBI was sold to the Marine Midland Bank, a wholly owned subsidiary of the Hong Kong & Shanghai Bank.

1979 – 1984                 Partner, law firm of Shea & Gould, engaged in the practice of corporate law, administrative law, financial transactions and the representation of clients before regulatory agencies as well as the Legislature of the State of New York and the United States Congress. Clients included: Goldman Sachs, Madison Square Garden, the New York Stock Exchange, Salomon Brothers and the Securities Industry Association.

1979 – 1981                 President, CEO and founder of the International Economic Development Corporation (IEDC). In 1979, prior to joining Shea & Gould, Mr. Curley founded IEDC with several former colleagues from the New York Job Development Authority. IEDC was a financial consulting firm specializing in government tax and financial incentives for business. It was later merged into IDBI. IEDC’s clients included: Borden’s, Diamond International, Great Lakes Carbon, International Harvester, Occidental Petroleum, Revlon, Time Inc., United Technologies and the Wallace-Murray Corporation.

1977 – 1979                 President, New York Job Development Authority (JDA), the state’s finance agency for economic development, with over 800 loans throughout the state for industrial and commercial projects. When Mr. Curley assumed office, JDA had reserves of less than $250,000 on loans of over $77 million; when he resigned, reserves were over $1.3 million on loans of $125 million. Mr. Curley established an independent Loan Advisory Committee; he quintupled loan volume; quadrupled staff; created cash management and short-term funding programs; and computerized the JDA’s loan portfolio and servicing operations.

1978 – 1979                 Counsel, New York State Science and Technology Foundation. Since he was concurrently President of the New York Job Development Authority, Mr. Curley accepted no salary for this position. At the time of Mr. Curley’s appointment, the foundation had been dormant since 1975. Mr. Curley obtained appropriations from the New York State Legislature; he recruited, interviewed, screened and hired new staff; reorganized the board of directors and initiated the first new venture capital programs in over four years.

1976 – 1977                 Deputy Secretary (Commissioner) & General Counsel, New York State Department of Economic Development (formerly the Department of Commerce).

– ex officio Counsel to the New York State Atomic Energy Council

ex officio Counsel to the New York State Job Incentive Board (The Board approved corporate tax credits.)

– Directed the State’s financial participation in over $750,000,000 of industrial and commercial projects with companies such as: the American Broadcasting Corporation (ABC), Allegheny Ludlum Steel, Arcata National, the Chrysler Corporation, Eastman Kodak, General Electric, Hooker Chemical, Rockefeller Center and Rolls Royce.

– Drafted successful legislation to reduce state personal income tax, eliminate the stock transfer tax, create a New York Reinsurance Exchange, create a free trade zone for international banking and amend the constitution to expand the State’s economic development powers.

– Conducted contract negotiations, including contracts for the $13 million “I LOVE NEW YORK” program, the most successful state promotion program in history.

– Responsible for labor relations with the department’s 350 employees in twelve locations including Montreal, London and Tokyo. Reduced arbitration grievances from 3-4 a year to zero. Under Mr. Curley’s direction, the NYS Department of Economic Development became first state agency to adopt flextime.

– Represented his department in legal proceedings before the NYS Department of Environmental Conservation and the New York State Public Service Commission.

ex officio Counsel to the New York State Atomic Energy Commission. Mr. Curley represented New York State in proceedings before the Appeals Board of the U.S. Nuclear Regulatory Commission.

ex officio Advisor to the Great Lakes Commission.

1975 – 1976                 Parliamentarian of the New York State Assembly and Associate Counsel to the Speaker. Mr. Curley monitored all bills assigned to the Committees on Banking, Commerce, and Real Property Taxation.

1974 – 1976                 Attorney in the private practice of law, associated with the firm of Nasca & Nasca, Buffalo, NY.

1966 – 1968                Assistant to Congressman Richard D. McCarthy, U.S. House of Representatives, Washington, D.C.

TEACHING:              Senior Lecturer, the Johns Hopkins University, teaching

1992 –                          Environmental Finance, Environmental Law, Energy & Environmental Economics, and Venture Capital.

2014 –                          Sunday School Teacher, Church of the Holy Comforter, Lutherville, Maryland, “The Gospel of Kindness,” grades 10-12.

2012 – 2013                Visiting Professor, the George Washington University School of Business teaching environmental finance, law and related courses.

2011                            Adjunct Professor, Vermont Law School, teaching Environmental Law & Finance

2003-2007                   Sunday School Teacher, St. James Church, Monkton, Maryland, “Heroes and Heroines of the Old Testament,” grades 2-3, 4-5; “Good and Evil: Star Wars, The Chronicles of Narnia, The Lord of the Rings, and Harry Potter,” grades 9-11.

1995                            Adjunct Professor, University of Maryland, teaching Environmental Project Finance.

1989 – 1991                 Adjunct Professor of Banking and Finance, New York University, teaching Venture Capital, and Investment Banking & Capital Markets.

1984 – 1996                 Instructor in Finance, Economic Development Institute, University of Oklahoma.

BOOKS PUBLISHED:

Project Finance for Water & Wastewater Systems 2nd Edition, work-in-progress to be published by Taylor & Francis, 2015.

Finance Policy for Renewable Energy and a Sustainable Environment, Taylor & Francis Publishers, 19 March 2014.

Handbook of Project Finance for Water & Wastewater Systems, Lewis Publishers/Times Mirror Books, 1993.

FICTION:                   Final Extinction, short story published in A Jubilant Smorgasbord, an anthology of members’ works by the Book & Author Committee of the National Press Club, 13 December 2014, Washington, DC.

PUBLISHED ARTICLES, REPORTS, ETC.:

“Sound Finance Policies for Energy Efficiency and Renewable Energy,” Section of Chapter 2 of the 2nd Edition of the CRC Handbook of Energy Efficiency and Renewable Energy, CRC Press, scheduled for publication in the Summer of 2015.

“The ‘Z Tranche’ – A Dynamic New Role for the International Development Banks in Climate Change,” scheduled for publication in June 2015 in the Environmental Forum of the Environmental Law Institute, Washington, D.C.

“Financing Watershed Protection under the Clean Water Act,” scheduled for publication in the January 2015 edition of Water Environment & Technology.

“A Tragedy to Avert,” the Huffington Post, December 4, 2014.

“Climate Change: What if We Can’t Get There from Here?” ConserveFewell (blog), August 11, 2014.

“Another Wave of Plague,” the Huffington Post, June 13, 2014.

“The Newest Player in the Climate Change/Renewable Energy Game: the U.S. Environmental Protection Agency’s $100+ Billion Clean Water State Revolving Fund,” (with Lindsay Haislip) Environmental Law Reporter, Environmental Law Institute, April 2014, Washington, D.C.

“The Open Secret: Financing Industrial Pollution Control Under the Clean Water Act,” the Environmental Forum, Environmental Law Institute, Washington D.C., March/April 2014.

“A Trillion Dollars for Infrastructure Left on the Table,” the Huffington Post, November 26, 2013.

“Optimizing Financial Strategies for Environmental Pollution and Remediation Initiatives”, accepted for publication at the 3rd International Conference on Environmental Pollution and Remediation, Toronto, Ontario, Canada, July 15-17, 2013.

“The Goldmine,” the Environmental Forum, Environmental Law Institute, Washington, D.C., March, 2012.

“Proposals for the Maryland General Assembly to Finance Chesapeake Bay Restoration in 2012”, Report to the Chesapeake Bay Foundation, 5 February 2012.

“Make the ‘flush tax’ go further”, (Op-Ed), The Baltimore Sun, 11 November 2011.

“Paying $5.3 Billion for Stormwater Management: Finance Options for Maryland”, A Report to the Maryland Department of the Environment, (with Kai Yun Kao, graduate student, Johns Hopkins University) 31 August 2011.

“Making the $100 Billion Climate Change Project Real”, Environmental Finance, October, 2010.

“Report on Innovative Financial Programs for the installation of energy efficiency and environmental improvement devices at public and not-for-profit facilities.” Report of the Environmental Financial Advisory Board, U.S. Environmental Protection Agency, Washington, D.C., March, 2010.

“Report on the Financial, Underwriting, Risk Mitigation and Consumer Protection Considerations for the Adoption of Voluntary Environmental Improvement Bond (VEIB) Programs”, Report of the Environmental Financial Advisory

Board, U.S. Environmental Protection Agency, Washington, D.C., June, 2009. (Co-edited with Lindene S. Patton)

“’Voluntary Environmental Improvement Bonds’”: An Innovative Local Environmental Finance Concept for Mitigation of Climate Change Risk; Air Pollution Reduction; and the Reduction of Non-Point Source Water Pollution”, Report of the Environmental Financial Advisory Board, U.S. Environmental Protection Agency, Washington, D.C., June, 2009.

“Business Plan for the Issuers Mutual Insurance Company,” for the National League of Cities, 28 April 2009.

“A Bond Boost for Green Tech Markets?” Environmental Finance, April, 2009.

“Financing the Reestablishment of the Biocontrol Industry in Central Asia”, The Asian Development Bank, Manila, The Philippines, January, 2008.

“Innovative Finance Programs for Air Pollution Reduction”, Report of the Environmental Financial Advisory Board, U.S. Environmental Protection Agency, Washington, D.C. October, 2007.

“Diversifying Funding for the Chesapeake Bay Trust – A White Paper Report”, co-authored with Dan Nees and Bill Matuszeski, Environmental Finance Center, University of Maryland, November, 2006.

“The Chesapeake Bay Restoration Fund”, Report of the Environmental Financial Advisory Board, U.S. Environmental Protection Agency, Washington, D.C. August, 2005.

“Application of Innovative Finance Techniques in the Transportation Infrastructure & Financial Innovation Act of 1998 (TIFIA) to Environmental Finance Issues”, Report of the Environmental Financial Advisory Board, U.S. Environmental Protection Agency, Washington, D.C. March, 2004.

“Proposal for the Creation of a Cooperative International Bond Guaranty Fund”, Report of the Environmental Financial Advisory Board, U.S. Environmental Protection Agency, Washington, D.C. March, 1999.

“Feasibility Study for the Creation of a Partnership Fund to Enhance the Credit of Municipal Bonds Issued for Environmental Infrastructure Projects in the New Independent States”, United States Environmental Protection Agency, Washington, D.C., December 1997.

“Creating a New Financial Regime for Environmental Projects in Ukraine and the Other Newly Independent States”, Environmental Infrastructure Management, Kluwer Academic Publishers, Dordrecht, The Netherlands, 1997.

“Global Demand For Muni Project Finance Opens Door for Bankers, Turnkey Builders”, Public Works Financing, Vol. 75, June 1994.

“Economic Development: Becoming an International Profession”, (E.D. Perspective), Economic Development Review, Vol. 11, No. 1, Winter, 1993.

“Healing NAFTA’s Achilles Heel”, (Op-Ed) The Journal of Commerce, Vol. 395, No. 27,935, Tuesday, March 16, 1993, reprinted in full in the Congressional Record, Vol. 139, No. 47, at E 908, April 5, 1993.

“Creating a Viable Financial Program for the Border Environmental Cooperation Commission and the North American Development Bank Under the North American Free Trade Agreement (NAFTA)”, Report of the Environmental Financial Advisory Board, U.S. Environmental Protection Agency, Washington, D.C., April 1994.

“Financing the Remediation of Hazardous Waste Sites Under the North American Free Trade Agreement (NAFTA)”, Report of the Environmental Financial Advisory Board, U.S. Environmental Protection Agency, Washington, D.C., April 1993.

“Implementing the Financial Aspects of the North American Free Trade Agreement (NAFTA)”, Report of the Environmental Financial Advisory Board, U.S. Environmental Protection Agency, Washington, D.C., April 1993.

“Financing Urban Water Quality in the 21st Century: An Holistic Approach”, (Abstract), Proceedings of the 1992 Stockholm Water Symposium, Stockholm, Sweden, 1992.

“Financing Environmental Infrastructure Along the United States – Mexican Border and in Eastern Europe and the Republics of the Former Soviet Union”, Report of the Environmental Financial Advisory Board, U.S. Environmental Protection Agency, Washington, D.C., April, 1992.

“The Entrepreneur’s Dilemma: Valuing the Venture Capitalist’s Contribution”, Economic Development Review, Vol. 10, No. 2, Spring, 1992.

“The Rural Water Partnership Program”, Rural Water, Vol. 12, No. 3, Fall, 1991.

“A World Water Resources Bank: A Private Financial Structure for Worldwide Water Projects”, presented at the VIIth World Congress on Water Resources in Rabat, Morocco, May 16, 1991. One of 27 papers selected out of over 200 presented for publication in the official proceedings of the Congress. Reprinted in full in The Bond Buyer, Vol. 296, No. 28656, May 18, 1991. Extended abstract reprinted in the Congressional Record, Vol. 137, No. 89, June 11, 1991, at pp. E 2151-2.

“The Small Business Investment Company (SBIC): A New Role in Economic Development”, Economic Development Review, Vol. 4, No. 1, Winter, 1991.

“Factors Affecting the Financing of Environmental Infrastructure”, The Privatization Review, Vol. 5, No.4, Fall, 1990.

“Evaluating Financial Alternatives for Private Water Companies”, Water, Vol. 31, No. 2, Summer, 1990.

Financial Alternatives for Water and Wastewater Utility Systems, (Monograph) Council of Infrastructure Financing Authorities, Washington, D.C., 1990. Excerpted under same title in MIS REPORT, Vol. XXII, No. 9, September 1990, by the International City Management Association (ICMA), Washington, D.C.

“An Active Role for Public Utilities in Financing Economic Development”, Real Estate Finance, Vol. 4, No. 4, Winter, 1988.

“A Financial Role for Economic Developers After the Tax Reform Act of 1986”, Economic Development Review, Vol. 1, No. 1, Winter, 1987.

“The Commercial Mortgage as a Corporate Security”, Real Estate Finance, Vol. 3, No. 4, Winter, 1987.

“Taxable Industrial Development Bonds”, Business Facilities, August 1985, (with Patricia Szakats).

“Build America: A Proposal to Meet the Long Term Financing Needs of America’s Small Businesses”, The Entrepreneurial Economy, April 1985.

OTHER:               

Project Organizer for the installation of a safe drinking water system in the Village of Chinimayá, Guatemala, for the Church of the Holy Comforter, Lutherville, Maryland, 2015.

Panelist, “Assessing a Role for Ecosystem Services in Urban Coastal Management, Green Infrastructure, and Climate Resilience,” American Council on Ecosystem Services 2014 Conference, Arlington, Virginia, 10 December 2014.

Keynote Speaker, “Sustainable Stormwater Financing Forum,” USEPA, Washington, DC, 9 December 2014.

Presenter, “Creative Financing Mechanisms for a Coastal Systems Approach to Resilient Infrastructure,” Restore America’s Estuaries, 7th National Summit on Coastal and Estuarine Restoration, Washington, DC, 5 November 2014.

Lecturer, “New Challenges for Environmental Finance” Seminar for the Center for Environmental Finance, USEPA, Washington, DC, 17 September 2014.

Lecturer, “Water for the Poor: Building Clean Water and Basic Sanitation Projects in Developing Countries,” Virginia Theological Seminary, Alexandria, VA, 7 May 2014.

Presenter, “Financing Urban Resilience” at the Resources for the Future Conference on Using Natural Infrastructure and Technological Innovation to Build Urban Resilience, Washington, DC, 20 March 2014

Presenter, “Optimizing Financial Strategies for Environmental Pollution and Remediation Initiatives”, at the 3rd International Conference on Environmental Pollution and Remediation, Toronto, Ontario, Canada, 17 July 2013

Peer Review Panelist, ($5 million grants award program), National Center for Environmental Research, EPA, Arlington, VA, 16-18 April 2013

Project Organizer for the installation of safe drinking water and basic sanitation facilities in a school of 330 children in the village of El Tablón, Sololá, Guatemala, 2013

Moderator, U.S. Energy Outlook Panel, Business Response Conference, The George Washington University School of Business, Washington, D.C., 22 March 2013

Presenter, “Counterproductive Environmental Subsidies”, Conservation Leadership Partnership, Augusta, Georgia, 18 October 2012

Presenter, “Financing Sustainable Urban Transport in Developing Countries through the International Capital Markets”, Institute for Transportation & Development Policy 2012 World Summit, Budapest, Hungary, 29 June 2012

Speaker (sermon), “Water for the Poor in Developing Countries,” Church of the Holy Comforter, Lutherville, MD, 22 April 2012

Presenter, “Paying $5.3 Billion for Stormwater Management: Finance Policy Options for Maryland”, the M. Gordon Wolman Seminar Series, Department of Geography & Environmental Engineering, the Johns Hopkins University, 18 October 2011

Presenter, “Funding Multi-Billion Dollar Stormwater Infrastructure Projects”, 9th International Conference on the Environmental Management of Enclosed Coastal Seas (EMECS 9), Baltimore, Maryland, 29 August 2011

Member of the Steering Committee and Co-chair of the Finance Track, 9th International Conference on the Environmental Management of Enclosed Coastal Seas (EMECS 9), Baltimore, Maryland, 28-31 August, 2011

Presenter, “Bringing Order Out of Chaos: Financing Sustainable Mobility in the 21st Century, Asian Development Bank Transport Forum, Manila, the Philippines, 26 May 2010.

Presenter, “Voluntary Environmental Improvement Bonds: a tax-based scheme for funding household/farm related energy efficiency and pollution reduction devices”, Tenth Global Conference on Environmental Taxation, Lisbon, Portugal, September, 2009.

Plenary Panelist, “The Impact of Carbon Cap-and-Trade Programs on Competitiveness”, Tenth Global Conference on Environmental Taxation, Lisbon, Portugal, September, 2009.

Witness (testimony), “Pricing and Finance Prospects for Wastewater Systems”, Annual Public Hearing of the Clean Water Council of the State of New Jersey, Trenton, New Jersey, 4 December, 2008.

Presenter, “New Diesel Financing Options Under the Clean Air Act”, American Trucking Association, New Orleans, Louisiana, November, 2008.

Presenter, “Financial Guaranties Under the Clean Water Act”, Council of Infrastructure Financing Authorities, Providence, Rhode Island, October, 2008.

Principal Financial Advisor, Financial Strategy for the Chesapeake Bay, prepared for the Executive Council of the Chesapeake Bay (the Governors of Maryland, Pennsylvania and Virginia) by the Environmental Finance Center at the University of Maryland, January – July, 2007.

Chair, International Track (comprising 26 speakers on seven topics), EPA Office of Water Conference celebrating the 20th anniversary of the $60 billion Clean Water State Revolving Fund and the 10th anniversary of the $11 billion Safe Drinking Water Revolving Fund, entitled “Paying for Sustainable Water Infrastructure”, Atlanta, Georgia, 21 – 23 March 2007

Presenter, two-day seminar on Environmental Project Finance, Regional Office for North America, United Nations Environmental Program, Washington, D.C., 12 – 13 October 2006.

Presenter, “The Municipal Bond Market in the United States” and “Financial Guaranties in International Markets”, Digital Video Conference between the U.S. State Department in Washington, D.C. and the U.S. Embassy in Lima, Peru. The Peruvian audience consisted of some 120 political leaders, banking executives and utility executives. 14 February 2006.

Project Organizer for the installation of a $10,000 safe drinking water system (2006) and a $8,000 hot water system (2008) for El Hogar de Amor y Esperanza orphanage in Tegucigalpa, Honduras

Presenter, “A Municipal Finance Institution for Ukraine: Strengths, Weaknesses, Opportunities and Threats”, Workshop on Creating a Municipal Finance Facility for Ukraine, Kiev, Ukraine, 27 February 2006.

Team Leader for Russia, USAID Workshop on “Revolving Loan Funds”, 4 – 6 May 2005, Bucharest, Romania.

Presenter, “Attracting Private Capital for Infrastructure Projects”, 2nd Congress on Financing Infrastructure, Municipalities & Sub National Governments in Central, Eastern, Southeastern European Countries, Russia and the CIS, 15 February 2005, Budapest Hungary.

Presenter, “Attracting Private Capital for Water & Sanitation

Investments: Policy Considerations”, at the East Asian Seas Congress 2003, Kuala Lumpur, Malaysia, 10 December 2003.

Presenter, “Financing Environmental Infrastructure in the Pacific Islands,” Pacific Islands Environmental Conference, Honolulu, Hawaii, 17 June 2003.

Convener, panel entitled “Water & Finance: Accessing the Private Sector”, and presenter, “Different Countries, Different Strategies for Attracting Private Capital”, Third World Water Forum, Kyoto, Japan, 20 March 2003.

Presenter, Seminar on “Creating an Environmental Finance Capability in the Russian Federation”, Department of Geography and Environmental Engineering, The Johns Hopkins University, Baltimore, Maryland, 6 November 2001

Chair, Conference on Trade and Joint Venture Opportunities in Eastern Europe and the Soviet Union, co-sponsored by the American Economic Development Council (AEDC) and the American Association of State Colleges and Universities (AASCU), Washington, DC, 1990.

Advisor, College of Arts and Sciences, University of Alaska at Anchorage, 1991.

Co-chair (with Daniel B. Walsh, President, New York State Business Council, and Edward J. Cleary, President, New York State AFL – CIO Council) of statewide committee to support constitutional amendment to increase debt limit of the New York Job Development Authority from $600 million to $900 million. Amendment adopted at referendum by 62% margin, 1991.

Advisor, Alaska Science & Technology Foundation, 1991 – 1992.

Observer from US Environmental Protection Agency, Environmental Financial Advisory Board to the Comité Binacional de Asuntos Ecologicos, Mexico City, Mexico, (1992 -).

Advisor, Office of Congressman Bill Richardson, Legislation (H. Con. Res. 46) to Create Environmental Infrastructure Guaranty Fund for Projects in Mexico, 1992.

Presenter, U.S.-Mexico Colloquy on Environmental Infrastructure, sponsored by USEPA and the North American Institute, Santa Fe, New Mexico, 1992.

Presenter, “Infrastructure for Environmental Protection and Economic Development in Ukraine”, Ukraine Leadership Conference, Washington, DC, 1992.

Advisor, Environmental Finance Program, Sea Grant Institute, University of Maryland, (1992).

Reviewer, Water International, the Journal of the International Water Resources Association, (1992).

Advisor, Office of Congressman Ron Wyden, Bill to Create New Sources of Capital for Small Business, 1992.

Presenter, “Case Histories: Private Funding Solutions”, American Water Works Association (AWWA) Annual Conference, San Antonio, Texas, 1993.

Expert Witness for Plaintiffs in United States District Court Civil Action (MDL 863) for fraud involving $1.85 Billion of Municipal Bonds, New Orleans, Louisiana, 1993.

Presenter, “A National Common Bond Fund”, National Association of Counties, Washington, D.C., September 1993.

Presenter, “An Environmental Enterprise Fund”, Annual Conference of the Hazardous Substance Research Centers, Mohonk, New York, October, 1993.

Presenter, “Securitizing Environmental Infrastructure Bonds”, Council of Infrastructure Financing Authorities, New Orleans, Louisiana, 1993.

Chair, VIIIth Annual Washington Conference, American Economic Development Council, Washington, D.C., 1994.

Presenter, “Financing Infrastructure in the Twenty-First Century”, Conference entitled “Garanties sur les Contracts avec le Secteur Privé”, sponsored by the World Bank in conjunction with the Tunisian Ministry of International Cooperation and Foreign Investment, Tunis, Tunisia, 1994.

Advisor, Environmental Finance Center, the Maxwell School of Government, Syracuse University, 1994, 1999 – 2001.

Presenter, “Innovative Financing for Environmental Equity”, Levin College of Urban Affairs, Cleveland State University, Cleveland, Ohio, 1994.

Advisor, Wholesale Guaranty Working Group, The World Bank, Washington, D.C., 1994.

Expert Witness for Plaintiff in Weiland v. Sass, an action in the U.S. District Court for Northern Illinois for fraud involving $3.5 million of bonds, Chicago, Illinois, 1994.

Expert Witness for Plaintiff in Sharon Bancshares v. Dean Witter, an action in the U.S. District Court for Western Tennessee for fraud involving $3.8 million of bonds, Memphis, Tennessee, 1994.

Presenter, “Insuring the Financial Integrity of the North American Development Bank”, Finance Workshop for the Border Environmental Cooperation Commission, Environmental Finance Center, University of New Mexico, Albuquerque, New Mexico, December, 1994.

Chair, IXth Annual Washington Conference, American Economic Development Council, Washington, D.C., 1995.

Presenter, “Getting From Here to There: User Fees to Bond Markets”, conference on “Financing Urban Environmental Infrastructure”, International Law Institute, Bangkok, Thailand, February, 1995.

Advisor, on the creation of structured finance programs for environmental infrastructure for the Infrastructure Finance Advisory Service of the U.S. – Asian Environmental Partnership program of the U.S. Agency for International Development (USAID) in Jakarta, Indonesia, and Bangkok, Thailand, 1995.

Presenter, “International Trends in Financing Environmental Infrastructure”, at a conference sponsored by Research & Ratings Review, Ft. Lauderdale, Florida, April, 1995.

Presenter, “Financing Environmental Infrastructure in Eastern Europe and the States of the Former Soviet Union”, at an Advanced Research Workshop sponsored by the North Atlantic Treaty Organization (NATO), Kiev, Ukraine, May, 1995.

Panelist, “Innovative Financing Ideas and the Latest in Capital Finance”, Second Annual Mid-Atlantic Teleconference on Environmental Finance, University of Maryland, September, 1995.

Panelist, “Intergovernmental Conference to Adopt a Global Program of Action for the Protection of the Marine Environment from Land-Based Activities”, sponsored by the United Nations Environment Program (UNEP) and the U.S. Department of State, Washington, D.C., October, 1995.

Presenter, “Venture Capital Finance and Economic Development”, seminar entitled “Leadership for Elected Officials”, sponsored by the Greater Baltimore Committee, Baltimore, Maryland, November 1995.

Expert Witness for Plaintiff in the U.S. District Court for the Southern District of New York in Washington National Insurance Co. vs. Drexel Burnham, et al., civil action for municipal bond fraud, New York, New York, 1996.

Expert Witness for Plaintiff in the U.S. District Court for the Northern District of Illinois in Metrobank vs. Van Kampen Merritt, et al., and Metrobank vs. Shearson Lehman Brothers, et al., civil action for municipal bond fraud, Chicago, Illinois, 1996.

Arbitrator in private dispute involving mismanagement of Workers’ Compensation claims and undervaluation of insurance reserves, New York, New York, 1996.

Advisor, on the creation of a loan guaranty program for the Czech State Fund for the Environment, sponsored by the U.S. Agency for International Development (USAID), Prague, Czech Republic, 1996.

Presenter, “Financing the Next Generation of Water Pollution Control Programs”, Stockholm Water Symposium, Stockholm, Sweden, August, 1997.

Panelist, Environmental Futures Forum, sponsored by the Office of International Activities of USEPA to identify issues to be addressed by the new administration of President George W. Bush, Jr., Washington, D.C. December, 2000.

Consultant, The Capital Reinsurance Corporation, New York, New York, 1988-1989.

Arbitrator for the American Arbitration Association in a dispute involving merchant banking fees due on the sale of a corporation, New York, New York, 1988.

Presenter, “The Economics of Privatization”, International Association of Political Consultants, Venice, Italy, 1986.

Co-founder (with Barbara Flynn) of The Art Galaxy, a gallery for new and un-shown American and European artists, 262 Mott Street, Greenwich Village, New York, 1982.

EDUCATION:

Juris Doctor, 1971, University of Buffalo Law School.

Georgetown University, (1965 – 68) School of Languages and Linguistics, Washington, D.C. (early admission to law school after three years of study).

University of Buffalo, graduate courses in corporate finance and international banking. (1970-71)

Hunter College, City University of New York, various courses in Latin and Classical Greek. (1978 – 1985)

General Theological Seminary of New York, courses in classical Hebrew. (1988 – 1989)

DIRECTORSHIPS: 

United States Environmental Protection Agency (USEPA), Environmental Financial Advisory Board, (1990 – 2010)

* Member, Executive Committee (1992 – 1996)

* Chair, International Committee (1992 – 1996, 1998 – 2000)

* Chair, Innovative Finance Committee (2003 – 2010)

Maryland-Asia Environmental Partnership

                                    * Member, Advisory Board (2009 – )

The International Rural Water Foundation

* Member, Board of Directors (2006 – )

* Chair, Marketing Committee (2007 – )

The Episcopal Diocese of Maryland

* Member, Global Missions Committee (2006 – )

Maryland Governor Martin J. O’Malley Transition Team

* Co-Chair of the Finance and Budget Subcommittee of the Environment and Natural Resources Committee (2006 – 2007)

The Baltimore Choral Arts Society

* Member, Board of Directors (2001 – 2004)

American Economic Development Council

* Vice Chair, (1991-3, 1995-7)

* Member, Executive Committee, (1991-93, 1995-97)

* Member, Board of Directors, (1988 – 1992)

* Chair, International Committee, (1989 – 1991)

* Vice Chair, International Section, (1992 – 1993)

* Chair, Public Affairs Committee, (1993 – 1995)

American Economic Development Council Educational Foundation

* Member, Board of Trustees, (1992 – 1997)

Blue Ribbon Panel on the Financing of the Chesapeake Tributaries’ Strategy, (appointed by the Governor of Maryland), (1994)

Vestry of St. James Church, Monkton, Maryland (1983 – 1987).

United Nations Development Corporation

* Member, Board of Directors, (appointed by the Mayor of the City of New York), (1989 – 1992)

Youth Board of the City of Buffalo, New York

* Member, Board of Directors, (appointed by the Mayor of the City of Buffalo), (1970 – 1976)

HONORS & AWARDS:        

*Distinguished Service Award, 1989, American Economic Development Council.

*PHH Fantus Corporation Award for Outstanding Instructor, Economic Development Institute, University of Oklahoma. This award was won five consecutive times at sessions of the Institute from 1986 through 1988.

*Elected a Fellow of the American Economic Development Council, 1991.

LICENSES:  

Member of the New York Bar

Securities Broker/Dealer (former)

General Securities Principal (former)

Certified Economic Developer (CEcD)

Property/Casualty Insurance Broker (former)

PERSONAL:  

Born April 24, 1947. Citizenships: U.S.A. and the Republic of Ireland. Languages, Level 2: French, Spanish, German, and Italian. Level 1: Russian.