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David Cholst is a partner in the Tax Department and has been with Chapman and Cutler LLP since 1983. Mr. Cholst provides tax advice relating to tax-exempt bonds. He represents governmental issuers, underwriters, investment brokers, and outside bond counsel in all matters relating to taxexempt bonds. His governmental clients include large and small municipalities. He developed and supervises the Chapman and Cutler Arbitrage Rebate Service. In addition to arbitrage rebate, he provides advice concerning tax increment financings, advance refundings, structured investments, derivative products, output facilities, and defense of IRS audits of tax exempt bonds. He is recognized as one of the nation's leading authorities in matters relating to arbitrage rebate. He served as vice chairman of the National Association of Bond Lawyers Rebate Task Force during the formative years of 1986 through 1988 and has been a member of the faculty of the National Association of Bond Lawyers Tax Seminar in most years from 1989 through 2006. He is on the NABL Municipal Derivatives Task Force and Chairs the Opinions and Practice Subcommittee of the Tax Exempt Finance Committee of the Tax Section of the ABA. In addition, Mr. Cholst worked with the IRS in developing many of the current tax regulations. Mr. Cholst has extensive computer experience and designed much of the software used by Chapman and Cutler LLP for computations relating to municipal bonds. | 