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Program Management
Managing Director
Robert W. Lauterberg
Lauterberg has served as Managing Director since the program's inception
in 2003. Previously, he served as Executive Director of the Virginia
Resources Authority (VRA) from 1998-2002, during which he led the
creation of VRA's successful Pooled Loan Bond Program. Lauterberg's
financial experience includes serving as State Budget Director,
1994-1998, and in various management capacities for the Bell Atlantic
Corporation, 1985-93. He is a former member of the Boards of Directors
of the Council of Infrastructure Financing Authorities, the National
Association of State Budget Officers, the Virginia Information Providers
Network, and the Board of Visitors of George Mason University. In
addition, he has served as a member of the Virginia College Building
Authority and Virginia Debt Capacity Advisory Committee and currently
serves on the Loan Review Committee of the Southeast Rural Community
Assistance Project. Lauterberg has a B.S. degree, with a major in
economics, from the University of Florida, and has an M.B.A. from
the George Washington University.
Deputy Managing Director
William E. Turnage
III
Turnage has served as Deputy Director of the VML/VACo Finance Program
for the last four years. During that time he has worked with over
fifty borrowers in Virginia assisting in arranging loans ranging
from $500,000 to $50 million. He has assisted local governments
in structuring new money loans and advanced and current refundings.
Previously Turnage served as Regional Director of Marketing for
a mortgage banking financial software firm. He also served as Director
of Marketing for the Richmond Association of Realtors and has held
assignments with Circuit City Stores Inc. and Crestar Bank and Mortgage
Corporation. Turnage graduated with a B.S. degree, with a double
major in Economics and Psychology from the College of William and
Mary, and has an M.B.A. from the University of Richmond.
Deputy Director
Steve Mulroy
Mulroy brings more than 10 years of public finance experience having
previously worked at Ferris, Baker Watts and Legg Mason Wood Walker.
As an investment banker, Mulroy worked with a variety of tax-exempt
borrowers ranging from municipalities to colleges to health care
providers. He has successfully completed numerous types of bond
issues including insured, rated, and non-rated issues, fixed rate
and variable rate bonds, and new money and refunding issues. Mulroy
earned an M.B.A. from New York University and graduated with a BS
in finance from Villanova University. He also successfully passed
the Level 1 Chartered Financial Analyst exam.
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