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Public Finance

Steptoe & Johnson's Public Finance Team represents issuers, investment bankers, and other market participants throughout the Mid-Atlantic and Southwest regions. 

Representative Experience

  • Represented a major resort developer in structuring an Arizona community facilities district to finance infrastructure and other costs associated with a major new resort in Mesa, Arizona.
  • Served as bond counsel for a private placement bond issue to finance the construction and equipping of a new fire station and the purchase of a new fire truck for a West Virginia municipality. Services included transaction structuring, representation of governmental bond issuer, preparation of financing documentation and bond closing representation.
  • Served as bond counsel for a tax increment financing private placement bond issue to finance infrastructure improvements in a 160 acre mixed use master planned commercial and residential development in West Virginia. Services included transaction structuring, representation of governmental bond issuer, document preparation and bond closing representation.
  • Served as bond counsel for the first combined tax increment revenue and community enhancement district public bond issue completed in the State of West Virginia for a 1,700 acre mixed use master planned community. Representation included devising structure, assisting with assessment methodology, representation of governmental bond issuer, preparation of financing documents and bond closing.
  • Served as bond counsel for the issuance of the first water revenue bonds secured solely by capacity improvement fees in the State of West Virginia
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The Public Finance Team includes not only representation of issuers of all sizes and levels of sophistication, but also financial institutions, which range from market-leading international investment banks to highly specialized regional firms to local commercial banks.  This diverse group of clients, along with the firm’s regional experience, provides firm lawyers with a unique perspective on each financing. The team focuses on the end result and providing added value to clients, without making the transaction more complicated than necessary.

Members of the Public Finance Practice Team are regularly involved in a wide array of non-transaction related projects, including legislative drafting, lobbying, and government relations.  Lawyers work proactively with clients to develop innovative and unique solutions to each client’s challenges.

Areas of Representation

Water and Wastewater
Government Relations
Industrial Development
Nonprofit Corp Financing
Taxable Pension Financing  
Credit Enhancement
Health Care Financing
Public Power Financing
Tax Increment Financing
Transportation Financing  
General Obligation Bonds
Higher Education Financing
Assessment Districts
Housing
Audits and Workouts

The Public Finance Practice Team believes that drafting documents and closing the deal is only one important part of lawyer representation.  The team strives to add additional value to the project on behalf of clients by providing the best possible counsel regarding opportunities which the financing may present.  In summary, Public Finance Practice Team members work with clients to maximize the issuer’s return on the infrastructure investment.

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Areas of Concentration


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