As a result of his experience with virtually all types of governmental entities and diverse finance structures, Barron Wallace’s public finance practice is both unique and broad. His clients benefit from his knowledge of traditional and highly structured project finance conduit transactions involving state agencies, cities, school districts, airports, higher education, housing, industrial development, private and primary secondary schools, cultural arts organizations, regional mobility authorities, special districts and not-for-profit organizations. His multifaceted practice spans traditional municipal finance, tax increment finance, urban redevelopment, as well as general public law.
Barron’s leadership, insight and in-depth understanding is beneficial in providing bond, disclosure and tax counsel to issuers, underwriters, trustees, third-party credit providers, and borrowers. He serves as bond and disclosure counsel for cities, counties, state agencies, and special districts, including local government corporations. In addition, Barron represents national and regional investment banking firms as underwriter’s counsel and also advises conduit bond issuers, tax increment reinvestment zones, local government corporations and certain special districts as general counsel or special counsel. As a by-product of his many years of experience and innovations in public finance, he also focuses on urban infrastructure and transportation development and public/private partnerships.
Civic leadership and support of his community play an important role in Barron’s career and personal objectives. He serves on the board of directors of the Museum of Fine Arts-Houston, Houston Parks Board, Connect Houston, St. John’s School, Discovery Green-Downtown Park Corporation and the NFL/NFLPA Research and Education Foundation.
Recent Notable Matters
City of Houston Airport System — bond counsel in connection with $570 million Subordinate Lien Revenue Refunding Bonds to finance improvements at Hobby Airport and refinance outstanding debt and $450 million in Inferior Lien Appropriation Facility Revenue Bonds, Series 2015
Houston Independent School District — disclosure counsel in connection with $848.74 million Limited Tax Schoolhouse and Refunding Bonds, Series 2017
Metropolitan Transit Authority of Harris County (METRO) — disclosure counsel in connection with $92.81 million Sales and Use Tax Refunding Bonds, Series 2019A and Series 2019B
Texas Water Development Board — disclosure counsel in connection with $1.672 billion State Water Implementation Revenue Fund for Texas Revenue Bonds, Series 2018B (Master Trust)
Texas Public Finance Authority — bond counsel in connection with $164.51 million Refunding General Obligation Bonds, Series 2018; $767.67 million of Revenue Commercial Paper Notes (Texas Facilities Commission Projects) Series 2016A (Taxable) and Series 2016B (Tax-Exempt)
City of Houston Airport System — bond counsel in connection with $90 million Special Facilities Revenue Bonds (United Airlines, Inc. Technical Operations Center Project), Series 2018 (AMT) and $46.4 million City of Houston Airport System Special Facilities Revenue Bonds, (United Airlines, Inc. Airport Improvement Projects), Series 2018C (AMT)
Midtown Redevelopment Authority — bond counsel in connection with $53.21 million Tax Increment Contract Revenue and Refunding Bonds, Series 2017 and 2015
City of Houston, Texas — bond counsel in connection with $1 billion Texas Pension Obligation Bonds, Series 2017
Texas Water Development Board — bond counsel in connection with $149.54 million of General Obligation Bonds State of Texas Water Financial Assistance and Refunding Bonds, Subseries 2016B-1, 2016B-2 (Variable Rate), 2016B-3 (Taxable), 2016C-1 (Economically Distressed Areas Program), 2016C-2 (Economically Distressed Areas Program) (Taxable) and 2016D (State Participation Program)
Texas Water Development Board — bond counsel in connection with $1 billion State Water Implementation Revenue Fund for Texas Revenue Bonds, Series 2017A (Master Trust) and $18.9 million State Water Implementation Revenue Fund for Texas Revenue Bonds, Taxable Series 2017B
Harris County Sports Authority — disclosure counsel in connection $627.68 million of Senior Lien Revenue Refunding Bonds, Series 2014A and 2014C, and Taxable Revenue Refunding Bonds (NRG Stadium Project), Series 2014 and 2014B
Aldine Independent School District — bond counsel in connection with $128 million Unlimited Tax School Building Bonds, Series 2018 and $266.84 million of Unlimited Tax School Building and Refunding Bonds, Series 2016
Spring Independent School District — bond counsel in connection with $98.07 million Unlimited Tax School Building Bonds, Series 2019
Port of Houston Authority — bond counsel and disclosure counsel in connection with $176.555 million of Unlimited Tax Refunding Bonds, Serier 2018A (AMT)
Texas Public Finance Authority — bond counsel in connection with $709.785 million of Unemployment Compensation Obligation Assessment Revenue Bonds, Series 2014A and 2014B
Harris County, Texas — underwriter’s counsel in connection with the issuance of $559.9 million Harris County Texas Road Senior Lien Revenue and Refunding Bonds, Series 2018A,; $137.9 million Permanent Improvement Refunding Bonds, Series 2017A; $35.5 million Unlimited Tax Road Refunding Bonds, Series 2017A; and $168.1 million Harris County Flood Control District Contract Tax Refunding Bonds, Series 2017A
Hidalgo County Regional Mobility Authority — bond counsel in connection with $20 million of Junior Lien Revenue Bond, Taxable Series 2016A (365 Tollway Project)
Publications and Speeches
"Hot Topics in Securities Law," The Workshop, National Association of Bond Lawyers, September 11-13, 2019.
“Spotlight on Public Finance: Rule 15c2-12 Amendments,” Bracewell Lunch and Learn, January 9, 2019.
“Opportunity Zones: The Promise,” The Bond Buyer’s Texas Public Finance Conference, February 12, 2019.
"Hurricane Harvey – After the Storm, Disclosure Considerations for Bond Issuers," The Bond Buyer, September 7, 2017.
"Representing the Infrequent Issuer," National Association of Bond Lawyers Tax and Securities Law Institute, March 2017.
Underwriters Counsel Roundtable, Chicago, IL, 2013 - 2015.