Bond Counsel / Infrastructure Finance

Overview

Steptoe & Johnson was the first law firm to establish a bond practice in West Virginia, and now serves clients throughout West Virginia, Kentucky, and Pennsylvania. Over the last five years, team lawyers have served as bond counsel on hundreds of water, sewer, and stormwater financings, totaling more than $1 billion. The team also has unique and significant experience in the area of special district financing, including property and sales tax increment financing and the use of special assessments. Team members have represented many cities and counties in utilizing Building Commissions to finance public facilities needed by those communities. We have also served as bond counsel to various municipalities in utilizing their home rule municipal sales tax powers to finance various projects which are vital in those communities.

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Innovative and Accessible

The Public Finance Team has coordinated many highly innovative and complex financings for public utilities, real estate development, public facilities, and infrastructure needs. Steptoe & Johnson’s accessibility and commitment to clients, regardless of the size of the financing, sets the team apart from other law firms.

Depth and Breadth

Steptoe & Johnson’s commitment to project and infrastructure finance is demonstrated by the depth of talent and breadth of experience in its Public Finance Team. The team’s background in project and infrastructure finance includes experience with a wide variety of project types and funding sources, both market rate and government subsidized, including:

Public bond offerings
Private placements
Bank purchased bonds
United States Department of Agriculture
State Revolving Loan Funds
West Virginia Infrastructure and Jobs Development Council
State Road Banks
PILOT Arrangements
Public utility financing
Building Commission financing for public facilities
Special district financing
Health system financing
Public school district financing
Higher education institution financing

Representative Experience

Served as bond counsel on hundreds of water and sewer financings in West Virginia, totaling more than $1 billion
Served as bond counsel for various state agencies, universities, school districts, public service districts, municipalities, counties, hospital systems and other entities in West Virginia and Kentucky for the financing of hundreds of infrastructure, public facility, public improvement, and private activity bond financings
Unique experience in utilizing special taxing districts, including property tax and sales tax increment revenues to finance infrastructure development in public-private partnership arrangements of all types
Assisted clients with developing and advancing legislative and administrative rulemaking proposals
Experienced in transaction structuring, preparation of all financing documentation, and bond closing representation