Kimberly C. Betterton, partner in the Baltimore Office of the national law firm Ballard Spahr, has been elected to the Board of Directors of the National Association of Bond Lawyers (NABL).

NABL promotes the integrity of the municipal market by helping to educate people about public finance law and providing a forum for the exchange of ideas on law and practice.

“Kim’s election to the Board of NABL illustrates the high regard in which she is held by her peers,” said Jon Laria, managing partner of Ballard Spahr’s Baltimore office. “We are delighted that the experience she provides to her clients will now benefit the practice area and the entire industry.”

Ms. Betterton is a partner in Ballard Spahr’s Public Finance Department. Her practice focuses on federal tax laws and regulations involving tax-exempt bonds, particularly conduit 501(c)(3) financings, governmental bonds, and exempt facility qualification. She advises clients on issues related to interest rate swaps and other derivatives, direct pay bonds and qualified tax credit bonds.

Ms. Betterton also counsels clients on a variety of post-issuance tax compliance issues, including arbitrage, private use questions, remediation as a result of change in use, reissuance, Schedule K and IRS audit and review activities. She was chair of the American Bar Association, Committee on Tax Exempt Financing, Subcommittee on Arbitrage from 2009-2010 and was chair of NABL’s Bond Attorneys’ Workshop in 2010.

“I have learned an extraordinary amount through NABL activities,” Ms. Betterton said. “As a Board member, I look forward to helping NABL provide that experience for others.”

Ballard Spahr has one of the premier public finance practices in the country, participating in the issuance of more than $250 billion of tax-exempt obligations across the country. Its nearly 60 attorneys represent governments, nonprofit organizations, and banking institutions in virtually every type of bond transaction.