Preti Flaherty's Public Finance group provides legal services for a wide variety of public finance transactions and participants. Our clients include general government entities, quasi-governmental entities, conduit borrowers, including 501(c)(3) nonprofit organizations and manufacturing enterprises, underwriters and letter of credit banks. Our services encompass all aspects of public finance law including state and municipal law, securities law and federal income tax law. We also provide advice in connection with ongoing legal compliance related to public finance transactions.

In 2010, Preti Flaherty was ranked as the number one underwriter's counsel firm in both Maine and New Hampshire and again among the top 100 underwriter's counsel firms nationally. We are also listed in the Bond Buyer's Municipal Marketplace directory (the "red book") and are listed as approved bond counsel by the Maine Municipal Bond Bank, the New Hampshire Municipal Bond Bank and the United States Department of Agriculture, Rural Development.

Our public entity clients include the University of Maine System, the Maine Turnpike Authority, Kennebec County (ME), the Lincoln and Sagadahoc Multicounty Jail Authority (ME), the Kennebec Regional Development Authority (ME), the Concord (NH) Housing Authority, the Laconia (NH) Housing and Redevelopment Authority, the City of Augusta (ME), the City of Biddeford (ME), the City of Old Town (ME), the Town of Jay (ME) , the Town of Barnstead (NH), the Town of Wilmot (NH) and other municipalities. Our underwriter clients include Wells Fargo Bank, Morgan Keegan & Company, Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC. Our bank clients include KeyBank National Association and RBS Citizens National Association.

Our public finance attorneys counsel clients during the planning of each transaction and prepare and review authorizing statutes, bond resolutions and indentures, official statements and disclosure, bond purchase contracts, SEC rule 15c2-12 continuing disclosure agreements and other documents required for bond issues.

Our Public Finance attorneys have guided clients through transactions involving:

  • General obligation bonds
  • Water and sewer revenue bonds
  • Small issue manufacturing bonds
  • Hospital, independent school and other 501(c)(3) nonprofit bonds
  • Turnpike revenue bonds
  • Airport revenue bonds
  • Solid waste disposal bonds
  • Multi-family and single family housing bonds
  • Education loan revenue bonds
  • Tax-exempt lease transactions
  • Capital Fund Financing Program (HUD)
  • Tax and grant anticipation notes and municipal bonds
  • Bond anticipation notes
  • Pool loans
  • Bond insurance
  • Letters of credit
  • Liquidity facilities
  • Tax increment financing
  • Interest rate swaps
  • Recovery zone facility bonds (2010)
  • Municipal investment pool