Public Finance
Best Best & Krieger LLP maintains a Public Finance Practice Group with expertise in financings for public agencies in California for more than 20 years. BB&K has acted as lead bond counsel, special counsel or underwriter’s/disclosure counsel in the following types of financings:
- Marks-Roos Pooled Financings
- Tax Allocation Financings
- Mello-Roos Bonds
- Special Assessment Bonds
- General Obligation Bonds
- Lease Revenue Financings
- Enterprise Revenue Financings
- Residential Mortgage Revenue Bonds (Single Family and Multi-Family)
- Nonprofit Corporation "501(c)(3)" Financings
- Certificates of Participation
The Public Finance Practice Group has extensive experience with current and advance refunding of such bond issues, fixed and variable rate borrowings, and the use of short-term and long-term borrowings. We have acted as bond counsel on borrowings using different credit enhancement techniques as supplemental pledges of tax increment by redevelopment agencies, bond insurance, letters of credit, and GNMA, FNMA and other mortgage-backed securities programs.
Members of the firm’s Public Finance Practice Group additionally are well versed in all applicable provisions of federal and state tax laws relating to tax-exempt financings including, in particular, provisions relating to arbitrage bond restrictions, rebate to the federal government and private activity bonds under the Tax Reform Act of 1986, as supplemented by the Technical and Miscellaneous Revenue Act of 1988.
The Public Finance Practice Group is experienced in federal and California securities laws matters, including exemptions from applicable statutes, disclosure requirements and the anti-fraud provisions of Section 10(b) of the Securities Exchange Act of 1934. We are also experienced with the "continuing disclosure" requirements under Rule 15c2-12 of the Securities Exchange Act of 1934.
The firm is a member of the National Association of Bond Lawyers, the Special Assessment/Mello-Roos Division of the California Public Securities Association and the California Redevelopment Agencies Association, and is listed in the "Red Book." BB&K is one of the top bond counsel firms in the State.
For additional information, please contact John Rottschaefer, Public Finance Practice Group Leader.