Professional Experience
Ted See's practice includes state and local government finance, representing governmental agencies issuing general obligation and revenue bonds, and representing borrowers, lenders, underwriters, trustees, and issuers of private activity bonds. He also represents banks and financial institutions that provide credit support to bond issues.
Financings have included variable-rate put bonds with swaps; auction-rate bonds; LIBOR indexed bonds sold to European investors; advance refunding bonds with float contracts; forward-purchase bonds; and bonds backed with financial insurance, letters of credit, or standby purchase agreements.
Representative Matters
· Lead bond counsel and disclosure counsel to State of Connecticut
· Bond counsel for over 100 government issuers in State of Connecticut
· Bond counsel to various state authorities
· Financings throughout New England and the United States
· General municipal law matters, including charter revisions, government consolidations, zoning and land use matters, contracts, construction, assessments, and tax matters
· $1,030,375,000 State of Connecticut General Obligation Refunding Bonds; served as lead bond counsel, coordinating eight other law firms, in the largest advance refunding in the State's history; prepared escrow agreement for refunding escrow and negotiated terms of float contract for escrow, and prepared forms of all closing documents and coordinated closing; as the State's disclosure counsel prepared annual information disclosure statement of the State, updated disclosure for bond issue, organized due diligence procedures, and provided disclosure counsel opinion
· $41,920,000 Solid Waste Revenue Refunding Bonds - Covanta of Bristol, Inc, Project, 2005 Series: Served as sole bond counsel to the Committee; this issue was a current refunding for a resource recovery facility overseen by a consortium of fourteen participating municipalities; there were credit issues related to the recent emergence of the facility operator from bankruptcy, and the bonds were secured by service agreements with the participating municipalities, liens on the facility, and an electric purchase agreement; we drafted legislative amendments that permitted the refunding, coordinated the closing, and prepared forms of all refinancing and closing documents, including necessary tax documentation, agreements among participating municipalities, escrow defeasance agreement, and loan documents for the conduit borrower
· $16,340,000 Connecticut Health and Educational Facilities Authority Variable Rate Demand Revenue Bonds, Quinnipiac University Issue, Series G. Served as sole bond counsel to the Authority; the bonds are special obligations of the Authority, issued pursuant to a trust indenture and payable by Quinnipiac University; this issue included the advance refunding of a prior series of bonds for Quinnipiac University, which were also partial advance refundings, thereby requiring substantial tax analysis of four prior series bonds; prepared the necessary tax documentation and escrow defeasance agreement and advised on the procedures for purchasing open-market U.S. Treasury securities to fund the escrow, in order to ensure compliance with IRS regulations on purchasing defeasance obligations; the bonds were supported by a letter of credit and required negotiation of an intercreditor agreement between the letter of credit bank for Series G and the bond insurers and credit enhancers from prior series with respect to a sharing arrangement of the revenues of the University in the event of a default
News, Publications & Presentations
· Featured, "Day Pitney's Ted See Elected Fellow of The American College of Bond Counsel," Day Pitney Press Release,
· October 24, 2011
· Featured, "Seventy-two Day Pitney Lawyers Named to Best Lawyers List for 2012," Day Pitney Press Release, October 4, 2011
· Co-author, "Expiring Tax Provisions Dramatically Change Municipal Finance Landscape," Day Pitney Alert, January 6, 2011
· Co-author, "Expiration of Certain Municipal Bond Tax Provisions," Day Pitney Alert, December 1, 2010
· Featured, "Fifty-seven Day Pitney Attorneys Recognized as Super Lawyers; Six Additional Lawyers Recognized as 'Rising Stars'," Day Pitney Press Release, November 12, 2010
· Co-author, "Municipal Advisors Must Register With The SEC By October 1," Day Pitney Alert, September 2, 2010
· Featured, "Seventy-six Day Pitney Lawyers Named to Best Lawyers for 2011," Day Pitney Press Release, August 9, 2010
· Co-author, "The Rules of Continuing Disclosure are Continuing to Change," Day Pitney Alert, June 2, 2010
· Co-author, "Moody's and Fitch Credit Rating Recalibrations May Trigger SEC Rule 15c2-12 Material Event Filing Obligations for Towns and Cities," Day Pitney Alert, April 28, 2010
· Featured, "Fifty-six Day Pitney Partners Recognized as New England Super Lawyers," Day Pitney Press Release, October 30, 2009
· Featured, "Seventy-seven Day Pitney Partners Named to Best Lawyers 2010," Day Pitney Press Release, July 30, 2009
· Featured, "75 Day Pitney Partners Named Among The Best Lawyers in America® 2009 Ranked #1 in New Jersey and #2 in Connecticut," Day Pitney Press Release, December 11, 2008
· "New Connecticut State Law Requires Municipalities to Post Public Meeting Information on Town Websites," Day Pitney Alert, October 7, 2008
· "Are You Smarter Than a Bond Lawyer?" dramatic presentation of recent public finance disclosure issues to Connecticut Government Finance Officers Association, February 7, 2008
· Speaker, "Regulatory and Disclosure Requirements for Municipal Bonds," University of Connecticut, Department of Policy, Graduate School Public Administration Class on Capital Financing and Budgeting, December 6, 2005
· Speaker, "Electronic Signatures and E-Sign Law," People's Bank Municipal Forum, January 26, 2001
· Speaker, "Our Town Follies," dramatic presentation of IRS and SEC issues in connection with municipal finance to New England Government Finance Officers Association, September 22, 2000
· Speaker, "Bond Issue Disclosure Requirements - Current Issues Concerning Financial Statements," Connecticut GFOA, February 2000
· Speaker, "Use of Financial Statements to Meet Bond Issue Disclosure Requirements," Connecticut Society of Certified Public Accounts, May 11, 1999
· Speaker, "IRS Private Activity Bond Regulations - Skit," Connecticut GFOA; New England GFOA, April 1997
· Speaker, "Privatizing Tax Collections," Municipal Finance Forum, December 1996
· "How Elected Officials Get Into, and Stay Out Of, Trouble With the SEC," Connecticut Law Tribune, March 4, 1996
· Speaker, "SEC Continuing Disclosure Regulations," Fleet Finance Forum, December 1995
Professional Affiliations
· American College of Bond Counsel, Fellow
· State of Connecticut Clean Water Fund Advisor Work Group, member, 2006-2007
· National Association of Bond Lawyers
· Government Finance Officers Association of Connecticut
· Governmental Finance Officers Association of the United States and Canada
· Connecticut Association of Municipal Attorneys
· American Bar Association, Section on Local Government Law
· Connecticut Bar Association, Committee on Municipal Law and Governmental Services, member; former chairman
· Connecticut Bar Association, Pro Bono Committee, member
· Hartford County Bar Association
· Connecticut Bar Foundation, Coopers Fellow
Outside Interests
· Connecticut Bar Foundation, Director, 1994-2010
· St. Joseph College, Trustee, 1991-2003; Chair, Presidential Search Committee 2003-2004; Trustee, 2004-present
· Local Government Committee, Greater Hartford Chamber of Commerce, Member, 1991-2001
· Hartford Seminary, Corporator, 1994-present
· Aid to Artisans, Director, 2006-present
· Shady Harbor Fire District, Deputy Moderator, 2007-2009
· Shady Harbor Fire District, Moderator, 2009-2011
Awards and Achievements
· Recognized as a Connecticut Super Lawyer, 2006-2011/2012
· Chosen for inclusion in The Best Lawyers in America, Public Finance Law, 2006-2012