The complexities of issuing tax-exempt bonds in today’s highly regulated environment require that legal counsel not only be knowledgeable in municipal finance law issues, but also be well versed in all facets of government and business operation.
The attorneys in the firm’s Public Finance Practice Area have the experience and knowledge to perform a wide range of public finance activities, many of which involve innovative and complex financing transactions related to tax-exempt bonds and similar debt instruments.
Depending upon the particulars of the transaction, attorneys from other disciplines may be called upon to handle issues relating to environmental law, tax, real estate, tax-exempt organizations, and regulatory issues.
The diversity of our lawyers and the depth of our practice enable HSE’s Public Finance Practice Area to promptly and efficiently meet our clients’ day-to-day and extraordinary legal needs as they arise.
Our Role in Representation
We have served as bond counsel, underwriter’s counsel, and special counsel in connection with the general obligation and revenue financings of various municipal issuers within New York State. Our representation has also extended to public and private businesses, underwriters, and banks in various tax-exempt bond transactions, many of which have involved letters of credit, bond insurance or similar credit enhancements. This breadth of experience enables us to effectively serve our clients.
Federal Tax Issues
We have experience dealing with arbitrage, rebate, and similar issues under the Internal Revenue Code. The firm has analyzed these tax issues in connection with our representation of various issuers. In addition, HSE provides ongoing legal advice to its municipal clients to ensure continual compliance by such issuers with federal tax requirements.
Through our extensive work as underwriter’s counsel we have developed a particular sensitivity for disclosure issues in municipal finance transactions. The ever-tightening regulatory environment makes this expertise particularly valuable in today’s marketplace.
- Borrowers (public & private companies, academic institutions, health care facilities)
- Investment Banks
- Financial Institutions
- Industrial Development Agencies
- Not-for-Profit Organizations