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. Our public finance attorneys have guided clients through transactions involving:

  • A wide range of general obligation, nonprofit and revenue bonds
  • Solid waste disposal bonds
  • Small issue manufacturing bonds
  • Housing bonds
  • Tax-exempt lease transactions
  • Capital Fund Financing Program (HUD)
  • Tax and grant anticipation notes and municipal bonds
  • Pool loans
  • Bond insurance
  • Letters of credit
  • Liquidity facilities
  • Tax increment financing
  • Interest rate swaps
  • Municipal investment pool

A top-ranked public finance legal team

Preti Flaherty has been ranked as the number one underwriter’s counsel firm in both Maine and New Hampshire and among the top 100 underwriter’s counsel firms nationally. We are also listed in the Bond Buyer’s Municipal Marketplace directory and are listed as approved bond counsel by Maine Municipal Bond Bank, the New Hampshire Municipal Bond Bank and the United States Department of Agriculture, Rural Development. Our public entity clients include:  University of Maine System, Maine Turnpike Authority, Kennebec County, Concord Housing Authority, Laconia Housing and Redevelopment Authority, and municipalities across Maine and New Hampshire. Our underwriter clients include Wells Fargo Bank, Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities. Bank clients include KeyBank National Association and RBS Citizens National Association.

Firm Highlights

Publication

Maine’s Exemption Laws Are Changing

In March of this year, Representative Denise Tepler (D. Topsham) introduced “An Act To Increase the Value of Property Exempt from Attachment and Execution,” LD 737, which sought to dramatically change Maine’s exemption scheme. ...

News

Fifteen Preti Flaherty Attorneys Selected as Chambers USA Leaders in Their Field

Fifteen Preti Flaherty attorneys and five practice groups have been selected for inclusion in the 2021 Chambers USA Guide to America's Leading Lawyers for Business , the highly regarded directory of leading attorneys and...

Publication

Escalation Clause: An escape from the price-spike trap

Anyone in real estate development would have to be living under a rock not to know about skyrocketing lumber and material prices in the “post”-pandemic world. Pre-pandemic, the average cost for 1,000 board feet...

Publication

Legislative Alert: Maine Legislature Adjourns!

The First Special Session of the 130 th Legislature finally adjourned on Monday night, July 19 th . As many of you may remember, the First Regular Session ended in March 30th when the...

News

Benchmark Litigation Names Preti Flaherty 2021 “Maine Firm of the Year”

Benchmark Litigation has named Preti Flaherty as 2021 Litigation Firm of the Year in the State of Maine. The Benchmark Awards honor distinguished litigators and law firms in all 50 states and 10 practice...

News

Preti Flaherty Welcomes Attorneys Angelica Li and Hannah M. Oakes to the Firm

Preti Flaherty is pleased to announce the arrival of two new attorneys to our Boston, Massachusetts, office: Angelica Li and Hannah M. Oakes. Angelica joins the firm as an Associate in our Environmental Practice...

News

Maine Justice Foundation Makes Inaugural Grants to Six Maine Groups Working for Racial Justice and Equity

The Maine Justice Foundation has made inaugural grants from its Racial Justice Fund to six Maine groups. The goal of the Fund is to support Black, Indigenous, and People of Color statewide to forge...

Publication

The Latest from OSHA on Mitigating and Preventing the Spread of COVID-19 at Work

On the tails of updated guidance from other agencies, the U.S. Department of Labor Occupational Safety and Health Administration ("OSHA") released new pandemic-related guidance last month. This guidance was issued on June 10, 2021...

Publication

How to Avoid Misclassifying Your Employees Under the Maine Workers’ Compensation Act

What criteria are necessary to classify someone as an independent contractor and how can employers avoid misclassification and the repercussions that come with it? In this article, Preti Flaherty attorney and Mainebiz guest columnist John...

News

Preti Flaherty Attorneys Sig Schutz and Alex Harriman Assist with Amicus Brief in Defense of Maine's Anti-SLAPP Law

Serving as counsel for The Reporters Committee for Freedom of the Press (RCFP) and 14 other news media organizations, Preti Flaherty attorneys Sigmund Schutz and Alexandra Harriman filed with the Maine Supreme Judicial Court a...