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Public Finance

Bracewell & Giuliani LLP’s Public Finance Practice Group is one of the largest public finance practices in the nation. Our public finance attorneys are experienced in all aspects of public and private offerings of securities by state and local governments, non-profits and for profit entities, and other public and quasi-public institutions. In addition to serving as bond counsel for hundreds of issuers, the firm represents underwriters, trustees, third party credit providers, and borrowers in conduit financings. The firm’s Public Finance Practice Group works as a cross-disciplinary team focusing on municipal finance, project finance, tax, and securities.

Bracewell attorneys have been key participants in most of the major public finance developments in Texas. Their municipal finance clients include states, counties, major airport systems, public transit, universities, health care systems, municipalities, school districts, toll roads, special districts, non-profit corporations sponsored by political subdivisions, rural electric cooperatives, and private entities who conduct business with public bodies. In addition to serving as bond counsel, our lawyers serve as underwriters counsel to national and regional investment banking firms in all types of public finance projects, and we represent commercial banks in the extension of credit to public entities. We also represent special districts (i.e. municipal utility districts, tax increment districts and municipal management districts) and developers in the creation and development and urban infill and suburban projects. Our finance attorneys have been instrumental in writing and obtaining passage or necessary enabling legislation.

A factor that further distinguishes Bracewell’s Public Finance Practice Group is the extent of our tax experience both in public finance and general federal income tax matters. We have several attorneys who have substantial experience in assisting public finance clients in complying with arbitrage regulations and other tax-related requirements and are able to identify the relevant tax issues associated with structuring and designing finance options for the client. Likewise, we have substantial experience in securing private letter rulings and other rulings (including, but not limited to, extensions of time and other procedural matters) from the IRS on behalf of our public finance clients. 

Our securities attorneys combine an acute understanding of the application of federal securities laws to both innovative and traditional public finance structures, unparalleled regulatory experience in developing and enforcing SEC regulations, and proficiency in advising issuers and underwriters in securities transactions. When necessary, our attorneys represent their clients in regulatory, enforcement and conflict dispute matters related to tax-exempt securities.