Public Finance

Experience has earned us something even more valuable. Trust.

Lashly & Baer, P.C. regularly represents both public and conduit borrowers regarding the issuance of tax-exempt bonds. Through the years, we have had extensive experience with virtually all parties involved: industrial development authorities, land clearance for redevelopment authorities, planned industrial expansion authorities, land reutilization authorities, local development companies and community development agencies.  We have undertaken a comprehensive analysis of state and federal innovative financing mechanisms available for infrastructure development projects. This includes the United States Department of Transportation's state infrastructure bank program, federal tax credits and state tax credits available to private entities contributing funds for infrastructure development. Our practice also covers tax increment financing, sales tax rebates and tax abatement.

We regularly handle the following legal issues for our clients:

• Airport revenue bonds
• Certificates of participation
• Collateral security agreements
• Conduit or pass-through financing for housing facilities and industrial development projects
• Energy savings obligations
• "Exempt facility" bonds
• Financing for traditional governmental purposes such as:
• Airports
• Libraries
• Mass transit facilities
• Schools
• Water and sewer improvements
• General obligation financings
• Hospital bonds
• Housing bonds
• Industrial development bonds
• Infrastructure development
• Issuer's counsel
• Lease to service contracts
• Leasehold revenue bonds
• Lender's counsel
• Leveraged and synthetic equipment leasing
• Mortgages
• Multi-tiered public and private financing packages involving public money, private debt, and equity financing
• Municipal bonds
• Municipal securities
• Pollution control bonds
• Private and public investment in secured and unsecured debt
• Private placement and public offering of tax-exempt transactions
• Public and private purpose bond and lease financing
• Public authority finance
• Public-private partnership
• Real estate financing
• Refinancing transactions for:
• State agencies and authorities
• Counties
• Cities
• School districts
• Special purpose districts
• Municipal nonprofit corporations and authorities
• Revenue anticipation obligations
• Special obligation bonds
• Structured debt financing
• Supplemental credit enhancement in the form of letters of credit, surety bonds, insurance, guarantees, certificates of deposit, and collateralized mortgages or governmental securities
• Tax-exempt bonds
• Tax-exempt, tax advantaged, and taxable financings
• Tax increment finance
• Underwriter's counsel
• User agreements