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Biography
Monty leads our Public Policy practice group. His practice is focused on public debt offerings and other business transactions, particularly those related to the healthcare, water, technology, and electric energy industries. He also advises companies, local governments, and the State of Texas Economic Development Bank on economic development initiatives. Monty devotes a substantial portion of his time to representing borrowers and underwriters in connection with public offerings of tax-exempt bonds, and he obtained no-action letters from the Securities and Exchange Commission for two of the most widely used disclosure filing services for issuers of municipal securities. He also provides advice and counsel in other areas related to finance, such as acquisitions and reorganizations. Since 1976, Monty’s experience has included public finance, corporate and securities laws, and federal income taxation.
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Representative
Experience
Healthcare - Developed a financing plan for a newly created major multi-hospital system producing net present value savings in excess of $25 million through refinancing of existing tax-exempt bonds
- Developed a refinancing plan to facilitate the acquisition of sixteen rural hospitals and one urban hospital by a major medical center hospital and refinance existing indebtedness of the acquired hospitals producing net present value savings in excess of $12 million
- Assisted two nonprofit hospitals in structuring a joint venture to finance, construct, and operate a new hospital
- Represented ESOP-owned hospital in merger with national hospital company
- Advised numerous hospitals in negotiations with creditors following rate covenant and other violations of debt covenants
Water - Advised a major investor in structuring, acquiring and marketing ground water rights to municipal purchasers in a public-private partnership
Electricity - Participated in the $5 billion unbundling of a generation and transmission cooperative into separate power generation and transmission units
- Developed a plan for the disposition of over $700 million in tax-exempt debt in connection with the state-mandated unbundling of four integrated utility companies by their corporate parent
Technology and Economic Development - Acted as bond and lenders counsel to the State of Texas in connection with the issuance of general obligation bonds to finance a loan to an industry-sponsored semiconductor research consortium
- Advised a publicly traded biotechnology company in connection with a $50 million grant from the Texas Enterprise Fund
- Provided advice in connection with the creation and initial projects of a biotechnology research district established by a Texas city to encourage expansion of health care research
- Advised a investment bank in connection with the issuance of tax-exempt bonds to finance expansion of manufacturing operations of a major semiconductor manufacturing company
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Activities and Affiliations
- Immediate Past President: National Association of Bond Lawyers
- Listed: "Texas Super Lawyer" in bonds & government finance law, Texas Monthly, 2003-2006; The Best Lawyers in America in corporate law, 2003-2006, in corporate and public finance law, 2007
- Member: External Research Advisory Council of The University of Texas at Dallas; Board of Directors, National Association of Bond Lawyers; Board of Directors, Texas Nanotechnology Initiative; Board of Directors, Texas General Counsel Forum
- Fellow: American College of Bond Counsel; Texas Bar Foundation; Dallas Bar Foundation
- Speaker: ”Using Your Website for Financial Disclosure,” Government Finance Officer’s Annual Meeting; “Disclosure - Are We Ever Going to Get it Right?,” The Bond Buyer’s Seventh Texas Public Finance Conference; “Primary Offering Disclosure for Short Term Securities,” National Association of Bond Lawyers Tax and Securities Law Institute; American Bar Association Health Law Section Emerging Issues Symposium; American Bar Association Health Law Forum; American Academy of Hospital Attorneys; Healthcare Financial Managers Association; American Academy Group Practice Association on Legal Issues in the Development of Integrated Healthcare Delivery Systems; among others, on issues related to tax-exempt financing in the healthcare industry; Annual Texas Municipal Advisory Council; Debt Committee Government Finance Officers Association
- Panelist: Secondary market disclosure, United States Securities and Exchange Commission First Annual Municipal Market Roundtable; Municipal Securities Rulemaking Board, Municipal Market Symposium; Secondary Market Disclosure Issues in Healthcare; Municipal Securities Rule Making Board, Annual Disclosure Conference; National Federation of Municipal Analysts annual meeting 2001 & 2002
- Author: "Health Law, Corporate Law, Nonprofit Corporations – Duties, Responsibilities and Liability of Directors of Nonprofit Healthcare Institutions," Monty Humble; "Challenges for Boards: A Series on Key Issues," The Governance One Hundred, Summer 1994; "Public Finance Securities – Joint Recommendations for Communicating with the Beneficial Owners of Defaulted Municipal Securities," Monty Humble and others, The Bond Lawyer, June 1, 1998
- Co-Author: "The Disclosure Dilemma: How, When, and What to Tell Stockholders and Stakeholders About Your Qui Tam Suit or Investigation," pending publication in Health Care Fraud and Abuse: Practical Perspectives (Winter 2003)
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Education and Professional Background
- The University of Texas, B.A. with honors, 1974 (Phi Beta Kappa)
- The University of Texas School of Law, J.D. with honors, 1976 (Phi Delta Phi)
- Admitted to practice: Texas, 1976; Texas Supreme Court; U.S. District Court for the Western District of Texas; U.S. Tax Court; U.S. Court of Claims; U.S. Courts of Appeal for the Fifth and Eleventh Circuits
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