THE MUNICIPAL FORUM OF NEW YORK, INC.
MUNICIPAL FORUM YOUTH EDUCATION FUND

PUBLIC OFFICIAL SEATING POLICY

The Municipal Forum of New York, Inc. and the Municipal Forum Youth Education Fund (collectively, the "Forum") recognize the importance of observing the New York ethics rules for public officials. It is the policy of the Forum in compliance with the ethics rules to make available "Guest of the Forum" invitations to public officials to certain Forum events, including the Annual Awards Dinner. These invitations are available to public officials who are members of the Forum, involved in the municipal securities industry, or current award recipients or guest speakers at Forum events.

Such public officials may be seated at tables at Forum events designated for public officials or randomly assigned to tables of members of the Forum who consent to such assignment. The costs for a public official invited to a Forum event is paid for exclusively by the Forum. In observing the ethics rules, a member of the Forum may invite a public official as its guest to a Forum event. Each public official, member of the Forum who invites a public official to a Forum event, and corporate table purchaser or corporate sponsor, is assumed by the Forum to be familiar with the ethics rules and to substantially comply with its restrictions. Please note that a public official may not solicit an invitation to a Forum event.

A public authority may purchase tickets to a Forum event at a reduced price established by the Board of Governors of the Forum reflecting the cost of the meal served at the Forum event. Likewise, a public official Who is a "Guest of the Forum" may purchase a ticket to a Forum event reflecting the cost of the meal. The Forum will not condone any known act of a member of the Forum or of a public official which may constitute a violation of the ethics rules. Members of the Forum and public officials are urged to consult their ethics compliance representative for guidance on compliance with the New York ethics rules for public officials.