Our attorneys supervise the proceedings pursuant to which tax-exempt bonds are issued, commencing at the planning and early approval stages, carrying through the solicitation and acceptance of bids, and ultimately through the closing of the transaction. Our experience has included all phases of tax-exempt financing, such as counsel for issuers, underwriters, lenders, trustees and borrowers. Service to clients may be in one or more of four areas:
I. Bond Counsel
- Assistance in securing approvals for, and structuring of, the bond issue.
- Negotiation, preparation and review of the required bond documents; assistance with Internal Revenue Service filings; issuance of legal opinions; and preparation of a transcript of the proceedings.
- Advice and assistance in preparation of an official statement or private placement memorandum.
II. Issuer's Counsel
- Preparation, review and negotiation of all bond documentation affecting the issuer.
- Issuance of legal opinions regarding the issuer.
III. Trustee's Counsel
- Protection of the Trustee's rights and limitation of its liabilities as reflected in the bond documentation.
- Issuance of legal opinions regarding the role of the Trustee.
IV. Underwriter's or Bond Purchaser's Counsel
- Legal representation in negotiation of all other documentation affecting the bond purchaser.
- Preparation of official statement, blue sky survey and legal investment memorandum, as required, and legal advice regarding relevant aspects of securities laws.
- Necessary presentations before rating agencies.
