Troutman Sanders LLP

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Public Finance

The Troutman Sanders Public Finance Practice Group has provided comprehensive legal services in municipal finance transactions for more than 30 years.  We serve as bond counsel to state, regional and local governments, development and other authorities, commissions and institutions, and we act as counsel to conduit issuers, underwriters, credit providers, trustees and borrowers. We also provide special tax counsel and disclosure counsel services.  These representations are in connection with financings involving general obligations, special and sales taxes, working capital, leasing, transportation, utilities, jails, educational, industrial, solid waste, health care, housing, 501(c)(3) not-for-profit, commercial and mixed-use facilities.

Our Team

Our lawyers have advised clients as to optimum municipal financing arrangements, including the use of letters of credit, bond insurance, liquidity facilities, credit enhancements, tax credits, guaranteed investment contracts, forward commitments, swaps and other derivative products, as well as American Recovery and Reinvestment Act of 2009 (“ARRA” or “Stimulus Act”) authorized obligations such as Build America Bonds and other tax credit bonds. We are adept in analyzing tax, arbitrage, securities and other state and federal laws governing taxable and tax-exempt municipal financings, whether bearing interest at a fixed or variable interest rate, and whether a new money or current or advanced refunding issue. Our lawyers have or currently serve on the board of directors of the National Association of Bond Lawyers (NABL) and several panels and committees of NABL.

We have extensive experience representing governmental entities and private developers in the structuring and implementation of economic development infrastructure and incentives initiatives. Further, our lawyers have worked with governmental entities and private developers in the solicitation and utilization of public-private partnerships for capital improvement projects.

Our Clients

Some of our representative clients include:

Virginia Tech University
Bank of America, N.A.
BB&T Capital Markets
SunTrust Bank
The Bank of New York
Wells Fargo Bank
U.S. Bank National Association

Innovation

Our group has a history of innovative financings, including:

  • Restructuring of a public hospital
  • Tax-exempt financing for college fraternities’ renovations
  • First variable rate, multimodal financing for state universities in Virginia
  • One of the first bond counsel firms for cogeneration and corrections facilities financings in Virginia
  • One of the first bond counsels in the country for senior/subordinate bond structure in Standard & Poor’s affordable housing program

Specialties

Our Public Finance Practice Group includes the following areas of expertise:

  • Health care and assisted living
  • Transportation
  • Privatizations, public/private partnerships and mixed-use facilities
  • Draw-down and blind pool bond issues
  • GARVEE bonds secured by federal highway funds
  • Variable rate, multimodal bonds
  • Higher education facilities
  • Local economic development incentive packages and infrastructure development
  • Airports
  • Working capital financings
  • Private school financings
  • Regional jails and juvenile detention facilities
  • Multifamily housing, both for-profit and not-for-profit, including senior/subordinate bond structure
  • Tax-exempt leasing
  • Fannie Mae credit enhancements and tax credits
  • Tax increment financings, special service districts and community development authorities
  • Student loan bond securitizations, business escrows and default work-outs for  corporate trustees

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Peer Reviews

4.8/5.0 (332 reviews)
  • Legal Knowledge

    4.9/5.0
  • Analytical Capability

    4.8/5.0
  • Judgment

    4.8/5.0
  • Communication

    4.8/5.0
  • Legal Experience

    4.8/5.0
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Diversity

Troutman Sanders embraces diversity as a cornerstone of our future. It means, in part, a commitment by all of our attorneys and all other personnel to a shared vision and the establishment of a workplace environment that is fully inclusive. The Firm values diversity in that it enables the Firm both to take full advantage of the knowledge and talents of a multicultural team in order to meet and exceed individual and business goals and client expectations, and to meet the Firm’s obligation to provide the broadest possible range of opportunities to the members of the communities served by the Firm.

Troutman Sanders defines diversity as an environment of inclusion, in which race, color, religion, sex, age, sexual orientation, gender identity, national origin, citizenship, disability, background and social and ethnic group differences are accepted and valued, and all members of the Firm can contribute to their fullest potential to achieve the Firm’s business goals.

Troutman Sanders supports many initiatives that foster an inclusive environment and help all its personnel balance commitments to clients and family:

Domestic Partnership Benefits

Troutman Sanders offers domestic partnership insurance benefits and has a longstanding policy against discrimination on the basis of sexual orientation.

Women’s Forum

The Troutman Sanders Women’s Forum is a framework to increase the visibility of our women lawyers and their accomplishments, provide expanded professional and business development opportunities, and provide a supportive environment for the continued recruitment, promotion and retention of women lawyers firm-wide.

Moms' Group

The Moms' Group at Troutman Sanders includes both full and part-time women lawyers with children of all ages and provides the opportunity to discuss issues of common concern among a support network such as part-time employment options with the firm and child-care providers.

Charitable Giving

The firm allocates a significant amount of its annual charitable, diversity, and civic contributions budget toward nonprofit organizations and bar associations with a diverse constituency or whose mission directly influences the issue of diversity.  These organizations include the Latin American Association, National Association of Chinese Americans, Stonewall Bar Association , Georgia Hispanic Chamber,  National Asian Pacific American Bar Association (NAPABA), National Association of Women Lawyers (NAWL), Equality Virginia,  Stakeholders, Inc., Puerto Rican Legal Defense and Education Fund, Mexican American Legal Defense and Education Fund (MALDEF), YWCA, HRNEW, The Urban League, and Catalyst, Inc.

Recruiting

Troutman Sanders proactively recruits a diverse team of lawyers by visiting law school campuses and participating in minority job fairs, including the Lavender Law Job Fair, Southeast Minority Job Fair, Mid-Atlantic BLSA Minority Job Fair and Virginia Bar Association Minority Job Fair.  The firm also sponsors a variety of associations that connect minority law students to internships and job opportunities in the legal industry. 

Ongoing efforts to promote and foster an inclusive environment are lead by the Troutman Sanders Diversity Committee. Its primary goals are to implement the firm’s philosophy on diversity, ensure a welcoming workplace for all personnel, and make an impact on the community through charitable giving and pro bono service.

Members of the Diversity Committee are:

Sallie A. Daniel, Chief Diversity Officer
Ronald R. Ross, Chairperson **
Pamela S. Belleman ** 
Robert L. Bourguignon **
Julie L. Burgener **
Albert C. Hwang **
Molly F. James **
Jennifer Mathis **
Joseph M. Parker **
John M. Ramirez **
E. Fitzgerald Veira **
Sonia K. Bain
Sandra L. Brown
Michael D. Hobbs, Jr.
Roscoe C. Howard, Jr.
Prashant K. Khetan
M. Kevin McCusty
George L. Scruggs
Rebecca W. Shanlever
Wendelin W. Silliman
Anthony F. Troy
Jerome Walker
Farah S. Ahmed * 
Meredith N. Baron *
George G. Booker *
Alonso J. Cisneros *
Tameka M. Collier *
Sara H. Doran *
Kaleen Serena Ford *
Becki F. Kieffer *
Adam S. Libove *
Christina M. Lucio *
Nora Garcia Nickel *
Tashwanda C. Pinchback *
S. Kaveh E. Rashidi-Yazd *
Jimmy R. Rock *
Tania S. Sebastian *
Ashante Latanya Smith *
Matt J. Sperling *
Juliet G. Sy * 
Whitney S. Waldenberg *

* Elected by Associates
** Office Committee Chair
 

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