Public Finance
Modrall Sperling's bond practice has been built on our attention to detail in all aspects of public finance, coupled with a sincere appreciation of each issuer's concerns and priorities. The firm is proud of its service as a New Mexico firm to New Mexico issuers of bonds and works diligently to help public issuers achieve their financial goals through sound advice and client service. The collective expertise of Modrall Sperling's attorneys in the areas of pubic finance and state and federal tax law allows us to provide sound advice and comprehensive, professional services.
Our Public Finance Experience
Modrall Sperling has substantial expertise in public finance through our work as bond counsel, counsel to the issuer, underwriter's counsel, disclosure counsel, trustee's counsel, counsel to the purchaser, developer's counsel, and counsel to the provider of credit enhancement. The financings we have worked on range from fixed term-fixed rate to interest rate swaps, variable-rate and variable-term multi-mode, demand financings, equipment pooled and pooled mortgage financings and cross over refundings.
Our Experience with Legislation Relating to Public Finance Matters
Modrall Sperling also has been involved in a significant portion of New Mexico's legislation relating to public finance matters, including the co-drafting of the State's Public Securities Short-Term Interest Rate Act (which has resulted in savings to New Mexico issuers of millions of dollars in interest payments over the years) and other bills which expanded the powers of New Mexico municipalities to issue revenue bonds, enhanced the use of general obligation bonds for counties, established water and sewer districts for counties and expanded the powers of New Mexico municipalities to issue gross receipts tax revenue bonds.
Our Experience with the Issuance of Bonds
Modrall Sperling has extensive practical experience with the provisions of the New Mexico Constitution governing the issuance of bonds. The firm has presented three cases to the New Mexico Supreme Court on constitutional questions concerning general obligation bond elections and the definition of indebtedness under the New Mexico Constitution.
Public Finance Lawyers
