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OVERVIEW

Perkins Coie's Public Finance practice has served as bond counsel, underwriter's counsel, tax counsel, issuer's counsel and conduit borrower's counsel on large, complex public finance transactions throughout the country, with a special emphasis in Illinois, South Dakota, Wisconsin and Washington.

We have also served as counsel to providers of credit enhancement for tax-exempt bonds and to institutional purchasers of tax-exempt bonds.  Our practice includes a wide range of tax-exempt financings, including:

  • Governmental general obligation and revenue bonds
  • Qualified 501(c)(3) bonds
  • Tollway bonds
  • Private activity bonds for airports, rail facilities, multifamily housing and other facilities
  • Tax increment financings
  • Special assessment bonds
  • Working capital financings

Perkins Coie has substantial experience in implementing new structures for tax-exempt financings, including interest rate swaps and other derivative products, forward purchase agreements, escrow restructurings, commercial paper programs, variable rate debt, capital appreciation and deep discount bonds, master indenture transactions, pooled financings, lease-purchase financings, tax-exempt securitization of assets and various forms of credit enhancement.

Tax issues are central to every public finance transaction and we routinely provide structuring and compliance advice concerning a wide variety of complex federal income tax issues arising in bond financings. Because our practice includes a wide range of tax-exempt obligations, we regularly resolve a variety of challenging tax issues.

Our attorneys are very familiar with public finance law and custom and practice across the nation. In addition, our strong background in securities law matters related to public finance enables us to assist issuers and conduit borrowers in achieving and maintaining compliance with the continuing disclosure requirements of SEC Rule 15c2-12.

Perkins Coie public finance attorneys also participate in the drafting, review and revision of state legislation affecting public finance and development incentives in various states, including in Illinois, South Dakota and Michigan.

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