Logo for print Skip to main content

Public Finance

Market-Leading Public Finance Practice

Our nationally recognized public finance practice is one of the largest and most experienced in the United States. We provide advice on major public financings throughout Texas and across the nation. Year over year, we rank among the leading public finance practices based on the number of deals and their size. In its 2020 Municipal Market Analysis, Refinitiv nationally ranked us:

  • #4 disclosure counsel
  • #9 bond counsel (negotiated offerings)
  • #11 bond counsel
  • #11 underwriter’s counsel

In addition, U.S. News – Best Lawyers© has honored us as a national Tier 1 firm for public finance law every year since 2013.

Such recognitions illustrate the depth of our experience, as well as the continued trust that our public finance clients put in us.

Our lawyers are highly adept in assisting clients with traditional and highly structured project finance conduit transactions involving airports, tollways, housing, industrial development, hospitals and healthcare facilities, retirement and nursing care facilities, higher education, private and public secondary schools, cultural and arts organizations, sports facilities, not-for-profit organizations, water and waste disposal facilities and state agencies.

We provide timely information on trends and challenges, in-depth understanding of state and federal laws, and insight into managing municipal challenges. We work with all types of public and private entities and understand the complexities inherent in providing bond, disclosure and tax counsel to issuers, underwriters, trustees, third-party credit providers and borrowers.

The diversity and depth of our team helps ensure that our clients receive the benefits of innovative best practices on every transaction. We structure finance options for our clients, such as traditional fixed rate new money transactions or complex project financings. We also help issuers take advantage of tax-exempt or tax-advantaged debt. We help configure tax-advantaged debt, address post-issuance compliance matters and Internal Revenue Service (IRS) examinations, secure IRS rulings, and advocate for regulatory and legislative rule changes.

Our lawyers hold leadership roles within the industry, including with the National Association of Bond Lawyers (NABL) and Women in Public Finance. In addition, eight members of our public finance team are fellows of the American College of Bond Counsel.

IMAGE: Plane outside of an airport

Market-Leading Engagements

We have significant experience in all areas of public finance.

  • Baylor Scott & White Holdings, as underwriter’s counsel in connection with the issuance of $534.785 million of Taxable Bonds, Series 2016
  • Bexar County, Texas, as bond counsel to issuer in connection with $384.715 million Limited Tax Refunding Bonds, Series 2017 and $28.140 million Flood Control Tax Refunding Bonds, Series 2017
  • Board of Regents of The University of Texas System, as bond counsel to issuer in connection with $100 million Permanent University Fund Commercial Paper Notes, Series A [2017]; $302.64 million Permanent University Fund Bonds, Taxable Series 2017A; $25 million Permanent University Fund Taxable Commercial Paper Notes, Series B [2017]; $50 million Permanent University Fund Taxable Commercial Paper Notes, Series B [2017]; $50 million Permanent University Fund Taxable Commercial Paper Notes, Series B  [2017]; and $50 million Permanent University Fund Taxable Commercial Paper Notes, Series B [2017]
  • Central Texas Regional Mobility Authority, as bond counsel to issuer in connection with $68.785 million of Senior Lien Revenue and Refunding Put Bonds, Series 2015B and $298.79 million of Senior Lien Revenue Bonds, Series 2015A
  • Cities of Dallas and Fort Worth, Texas, as disclosure counsel in connection with $391.755 million Dallas Fort Worth International Airport Joint Revenue Refunding Bonds, Series 2020A (Non-AMT); $459.52 million Dallas Fort Worth International Airport Joint Revenue Refunding Bonds, Series 2020B (Non-AMT); and $1.193 billion Dallas Fort Worth International Airport Joint Revenue Refunding Bonds Taxable, Series 2020C
  • City of Arlington, Texas, as bond counsel to issuer in connection with $321.717 million Rangers Ballpark Complex Admissions and Parking Taxes Revenue Bonds Taxable, Series 2020, and counsel in connection with the development of a new retractable-roof stadium for the Texas Rangers
  • City of Arlington, Texas, as bond counsel to issuer in connection with $171.095 million Subordinate Lien Special Tax Revenue Bonds; $28.25 million Subordinate Lien Special Tax Revenue Bonds; and $266.080 million Senior Lien Special Tax Revenue Bonds
  • City of Dallas, Texas, as bond counsel to issuer in connection with $301.96 million General Obligation Refunding & Improvement Bonds, Series 2017