Independent Registered Municipal Advisor Exemption

2019·0.06 MB·English

by  SEPTA

BUILDING THE FUTURE

Sovtheastem Pennaylvania Tranepartation Authority
41234 Markat Streat « Philadelphia, PA 19107-3780

may 17, 2018
Ta Wham t May Conzern:

‘The Southeastern Pennsylvania Transportation Authority intends that market particpants receive and
Use this letter solely for purposes of the Independent registered municipal advisor exemption of the
Securities and Exchange Commission’ (SEC's} Municipal Advisor Rule.

‘The Southwastern Pennsyhvanla Transpotatian Aumorly (the Authurity’)] hes iclained PERI Finacial
Adv sors LLC "PFR| 25 is indepandent registered muriipal ekisor. the sutherity will aly on PEM 10
provide advice on proqocale rar nancial services firms cancercing, aang ther things, Ue evaluation
‘ol recorrnrwndations concercing “hp issuaace of murtepal ecules,

br. Geo rey Stewart froin PIM che day-to-tay air forthe Author ty. Mr. Stewart has represented!
to tre Authority that ve bas nal been an Assac'ated Incvievl (within the meaning ofthe SEC Staffs
Fieyuently Asked Guest ett No, 3.3, issued laruary 10, 2014 undupdatet May 18,2014] of abrokerdealer
Tiemvithin the last 100 yaa.

Proposals concerning the issuance of municipal securities ar municipal francial products should be
provided tate Authority al the fllowing address

Sautheastere Pennsylvania Transportation Authorhty

Attention: Martha Be Bohan, Acsitane Treasurer

134 Marker Srest, 5 Floor

Phils, PA 29107

crus email to mhehanisenta.on

Copies shculd be provided to PINat the following Address
PEM Final Aeuiurs LLC
Altentian: Me. Ceottrey Srovart
1735 Marker Strast, 23° hoor
Phila chia, PA 18103
Crvla eral to StewartGe@PFMcom,

This leer may be éclied upon until April 39, 2024 unless withdrawr or mati fled by SoLtheastern
Peusylvania rnsportation Authority

Siooerely,

Fane f Mle

Thinas 1, Meade
Chief Financial Officer