Practice Focus
Public Finance, Securities

Biography

Jamie Pitney is the firm’s lead attorney in public finance transactions.  Jamie often serves as counsel to the underwriters of bonds of Maine governmental entities.  He also serves as bond counsel to governmental issuers in Maine and as counsel to governmental entities and borrowers of tax-exempt funds.  He prepares and reviews bond resolutions and indentures, official statements, bond purchase contracts, SEC rule 15c2-12 continuing disclosure agreements, surveys of the securities laws of the 50 states and other documents required for bond issues.  Before joining the firm he served as General Counsel to the Maine State Housing Authority and as General Counsel to the Finance Authority of Maine.

Representative Matters

• Served as bond counsel to the University of Maine System in connection with the University System’s issuance of its $46,740,000 Revenue Bonds in June 2007.  Approximately 70% of the bond proceeds were designated for current capital improvements, including (a) renovation of the Maine Center for the Arts, certain dining facilities, certain residence halls and certain other facilities with major maintenance needs at the University of Maine, (b) expansion of the University of Maine’s Hutchinson Center and (c) construction of a portion of the University Commons at the University of Southern Maine.  Approximately 30% of the bond proceeds were applied to advance refund prior debt of the University System.
• Served as bond counsel to Maine’s Lincoln and Sagadahoc Multicounty Jail Authority in connection with the Authority’s issuance of its $24,600,000 Revenue Bonds in June 2005.  Bond proceeds are being used to finance construction of a jail facility with capacity for 120 inmates primarily from Lincoln County and Sagadahoc County.  The Authority is a statutory partnership among Lincoln County and Sagadahoc County, each of which is obligated to pay 50% of Authority operating costs including debt service on the Bonds.
• Served as bond counsel to the Concord (NH) Housing Authority in connection with the Authority’s issuance of its $1,300,000 Capital Fund Financing Program Note in May 2006.  This issue was the first of its kind in Northern New England under a new program established by the U.S. Department of Housing and Urban Development (HUD) which allows public housing authorities to borrow in anticipation of receipt of future maintenance and upkeep grants from HUD.  Proceeds of the financing are being used for improvement of certain Authority properties.

Admissions

Maine; U.S. District Court, District of Maine; New Jersey; U.S. District Court, District of New Jersey.

Professional Associations

• Member, National Association of Bond Lawyers, American College of Bond Counsel and Kennebec County and Maine State Bar Associations.
  
• Past Chair, Amicus Review Committee of the National Association of Bond Lawyers which is responsible for analyzing judicial matters relating to municipal bond law and for overseeing submission of amicus briefs in matters of importance to the Association.
  
• Member, Securities Law Committees of the National Association of Bond Lawyers and the Maine State Bar Association.

Professional Achievements

• Listed in Woodward/White's The Best Lawyers in America
• Has served as a panelist on securities disclosure and other matters at the annual Bond Attorneys’ Workshop of the National Association of Bond Lawyers.

Education
J.D., Seton Hall Law School, 1975
B.A., Princeton University, 1971