Joseph Songy graduated from The University of Mississippi School of Law in May of 2010, and was the first in his graduating class to open up his own law firm. After clerking for several attorneys through law school, he knew that's what he wanted t...
Practice areas & skills: Public Finance & Tax Exempt Finance, Government, Administrative Law, Appeals, Business
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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.