General Obligation / Special Finance
Turner Law, P.C. can provide counsel in general obligation and special financings.
Our attorneys have acted as counsel for general obligation bond issuances in Pennsylvania and Ohio to finance improvements and construction of schools and government administration buildings, municipal roads and facilities, the purchase of municipal equipment or cars, and improvements of parks.
Representative experience includes:
Co-Bond Counsel in connection with the issuance by the Commonwealth of Pennsylvania of its General Obligation Bonds $355,000,000 First Series of 2016 and $633,175,000 First Refunding Series of 2016.
Co-Bond Counsel in connection with the issuance by the Commonwealth of Pennsylvania of its $1,208,725,000 General Obligation Bonds Second Series of 2016.
Co-Bond Counsel in connection with the issuance and sale by the Philadelphia Redevelopment Authority of its $73,185,000 City Service Agreement Revenue Refunding Bonds, Series 2015A (Non-AMT) and its $38,330,000 City Service Agreement Revenue Refunding Bonds, Series 2015B (AMT).
Co-Underwriters Counsel in connection with the issuance and sale by the Philadelphia Municipal Authority of its $88,050,000 City Agreement Revenue Refunding Bonds 2013 Series A.
Bond Counsel in connection with the issuance and sale by the City of Cleveland, Ohio of its $36,925,000 Various Purpose General Obligation Bonds, Series 2005A.
Pension and Special Finance
Turner Law attorneys are creative and think outside the box. Our attorneys have experience as counsel for special financings, including as counsel in a multi-billion dollar financing to finance a state unemployment compensation program and as counsel to finance pension obligations. We have experience drafting disclosures addressing underfunded pension liability, Post Employee Benefits and labor agreements which have expired or are in negotiations.
Representative experience includes:
Special Counsel to the Issuer in connection with the issuance and sale by the Pennsylvania Economic Development Financing Authority of its $2,827,405,000 Unemployment Compensation Revenue Bonds, consisting of $1,430,435,000 Unemployment Compensation Revenue Bonds Series 2012A, $1,096,970,000 Unemployment Compensation Revenue Bonds, Series 2012B and $300,000,000 Unemployment Compensation Variable Rate Demand Revenue Bonds, Series 2012C.
Co-Underwriters Counsel in connection with the issuance and sale by the Philadelphia Authority for Industrial Development of its $231,185,000 City Service Agreement Revenue Bonds, Series 2012 (Federally Taxable) for purposes of refinancing a portion of its 1999 pension bonds.
Turner Law, P.C.: General Obligation and Special Finance Legal Counsel
The factors involved in financing and preparing disclosure for municipalities have grown in complexity over the years and a skilled attorney is essential to any project’s success.
Turner Law, P.C. brings over 14 years of experience as counsel to general obligation and appropriation backed financings and can advise you on how to navigate the legal and financial requirements. Please contact us for a consultation at your convenience so that we can begin to work on funding your municipal project.