Public Finance

Unstable economies, public scrutiny of expenditures and legislative changes increase construction costs, reduce tax benefits to bond owners and impede the ability of local agencies to raise new revenue and participate in real economic growth. Faced with these challenges, local agencies require creative strategies to obtain necessary funding for new projects and to resolve troubled borrowings when needed.
 
With more than 35 years of experience, Best Best & Krieger LLP’s nationally recognized Public Finance practice group has acted as bond, disclosure and underwriter’s counsel in financings for public agencies throughout California. Our firm has closed more than $1 billion a year in par value in recent years. We are California’s leading bond counsel, having handled more than 25 percent of all transactions in California for which bond counsel was used. We are renowned for creative public finance solutions for construction projects and acquiring new public infrastructure. We are also highly regarded for our success in restructuring troubled debt, enabling underperforming assets to achieve value and pay debt service.
 
Diverse Experience
BB&K attorneys advise on a wide range of public projects from idea inception through design, finance, construction, project completion and dispute resolution. Our Public Finance team can handle every detail relating to the authorization, sale and delivery of public securities. Whether for roads or highways, schools, parks and playgrounds, housing or water supply conservation or wastewater facilities, our attorneys have extensive experience in all types of financing structures, including short-term and long-term borrowing, fixed- or variable-rate obligations and derivatives.
 
We are also very experienced in financings under the Marks Roos and Mello Roos acts to optimize public finance opportunities.
 
Leaders in the Energy Sector
We serve as bond counsel for Western Riverside Council of Governments, which runs the HERO Program for energy-efficiency improvements and products for homes and businesses. We are well known for our work in negotiating, structuring and documenting tax-exempt and taxable financings for local agencies’ renewable energy projects. Additionally, we are bond counsel to two local public agencies issuing bonds under the Property Assessed Clean Energy Program. 
 
Backed by one of California’s largest and most experienced Municipal Law practices, we possess the comprehensive knowledge required to overcome the hurdles public agencies face and we have the experience necessary to assist them in meeting their public finance needs.