Public Finance


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

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 result and on providing added value to clients, without making the transaction more complicated than necessary.

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

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Representative Experience

  • Served as bond counsel for multiple financings which included property tax increment revenues, community enhancement district special assessments, and sales tax increment bond financings for a 1,700-acre mixed-use master-planned community in West Virginia
  • Served as bond counsel for multiple property tax increment and sales tax increment bond financings for a mixed-use development that included the construction of a new interchange to I-79 and financing a minor league baseball stadium
  • Served as bond counsel to a West Virginia municipality for the complete renovation of a public theater which served as a focal point for the city’s downtown revitalization efforts which utilized a first-of-its-kind combination of state and federal historic tax credits, new market tax credits, and a pledge of the city’s municipal sales tax revenues
  • Represented municipalities and public service districts (water and sewer) before the Public Service Commission of
  • West Virginia in rate proceedings and certificate applications
  • Drafted legislation to pave the way for economic development projects
  • Successfully defended 501c3 in an IRS audit of their tax-exempt bonds to protect their tax-exempt status

Areas of Focus

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

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