Practice emphasizes municipal finance, municipal tax and federal tax credit law. Substantial experience representing Indian tribes, housing authorities and other local governments in... more
Practice emphasizes municipal finance, municipal tax and federal tax credit law. Substantial experience representing Indian tribes, housing authorities and other local governments in connection with the issuance of tax-exempt bonds and with transactions involving federal tax credits. In addition, represents investment banking firms as underwriters' counsel on municipal securities offerings.
Much of the financing for state and local needs, like schools, roads, and affordable housing, comes from the sale of tax-exempt municipal bonds to investors. Basically, investors are loaning the government the money for construction costs; in exchange investors receive tax-free interest payments on their loan. Lawyers who understand public finance issues help the government meet the legal requirements for the sales process and package the bonds for sale. Since different levels of risk are associated with loaning to different government organizations, bond and public finance attorneys also help investors calculate the risks before making such loans.