Find Lawyers in Houston, Texas for Public Finance Law
Mallory is an Of Counsel attorney in the Public Finance section in the Houston office. The majority of Mallory’s practice involves the representation of real estate developers who engage in both commercial and residential development. Her experience includes the creation and administration of special purpose districts located throughout Texas, particularly the use of special purpose districts to finance development.
Sam Johnson is a Director in the Public Finance section in the firm’s Houston office. Sam works with special-purpose districts, such as municipal utility districts, water control and improvement districts, fresh water supply districts, levee improvement districts, road utility districts, public improvement districts, water supply corporations and tax-increment reinvestment zones.
Laken focuses her practice on local government and public finance law, primarily representing municipal utility districts and other special districts as general counsel and bond counsel. Her previous practice experience includes representing oil and gas producers in upstream transactional matters as well as assisting clients with real estate transactions, including development, leasing, acquisition and disposition of real estate projects. She received a Bachelor of Arts in Philosophy from Sam...
Taheera is an associate in the Affordable Housing and Community Development practice group and the Cannabis Business Law practice group in Houston. Her experience includes drafting high-stakes legislation for state legislators involving the regulation of real estate transactions, agencies, and personnel; the production and regulation of hemp; banking and finance regulation; corporate governance; state and local government contracting and procurement; data privacy and cybersecurity; state and ...
Public Finance Law Definition
A public finance law practice involves all aspects of financing activities for entities or projects that can borrow on a tax-exempt basis. These entities or projects consist of a variety of governmental issuers, including states, municipalities, counties, governmental agencies, and economic development agencies; nonprofit borrowers, such as colleges, hospitals, and cultural institutions; and projects, such as student loans, affordable housing, and solid waste disposal, among others. Public finance lawyers represent issuers, underwriters, borrowers, bondholders, trustees, and other parties in connection with the issuance and holding of tax-exempt bonds. The practice includes representation in financing, tax, and general legal matters. A few law firms with public finance practices also specialize in defaults and workouts of tax exempt bonds.
There are several roles that an attorney or law firm can play in public finance, including serving as bond counsel, disclosure counsel, underwriter’s counsel, trustee counsel, and bondholder counsel.
- Bond counsel is typically retained by the issuer and provides a legal opinion that bonds have been validly issued and that the interest thereon is exempt from federal (and perhaps state) taxes, in addition to preparing and advising on the various documents relating to issuance.
- Disclosure counsel is retained by the issuer and provides advice on issuer disclosure obligations and typically prepares the official statement and continuing disclosure agreement.
- Underwriter’s counsel represents the underwriter on the purchase of a new issue of municipal securities. This includes a review of the issuer’s bond resolution and documentation, a review of the accuracy and adequacy of disclosure in the official statement, the preparation of the purchase contract for the sale of the bonds to the underwriter and the official statement, assisting the underwriter in establishing the underwriter’s due diligence, and the delivery of a “10b-5” opinion.
- Trustee counsel may play a small role at issuance, but if a deal becomes distressed, assists the trustee in navigating the complexities of the exercise of rights and remedies and capital recovery on behalf of bondholders.
In addition, bond financings bear on other areas of the law since they involve understanding the financial and operating position of issuers of securities. The issues involved in a bond financing are complex, and it is essential that the public finance attorney or law firm understand and stay up-to-date on the ever-evolving laws and regulations proposed and implemented by the Internal Revenue Service (IRS) and the Securities and Exchange Commission (SEC).
Recognition by Best Lawyers is based entirely on peer review. Our methodology is designed to capture, as accurately as possible, the consensus opinion of leading lawyers about the professional abilities of their colleagues within the same geographical area and legal practice area.
Best Lawyers employs a sophisticated, conscientious, rational, and transparent survey process designed to elicit meaningful and substantive evaluations of the quality of legal services. Our belief has always been that the quality of a peer review survey is directly related to the quality of the voters.
Georgia Laws Taking Effect in 2022
On Neutral Ground
Largest Pain and Suffering Award Affirmed in New York History
New England States With Incoming Legislation
Activism In Action