Parker Poe provides counsel to a wide spectrum of public finance clients including the States of North Carolina and South Carolina, and their cities, counties, school districts, public and private colleges and universities, hospitals, and other nonprofits such as private and charter schools, continuing care retirement communities and others engaged with financing public sector capital projects. Our attorneys have been involved in numerous general obligation, revenue, limited obligation, certificate of participation, health care facility and industrial development bond financings throughout the country. The Firm regularly serves as bond counsel to local governments in North Carolina and South Carolina and also represents banks and underwriters working in that footprint.
Parker Poe is also one of the few Carolinas firms to maintain a significant public finance practice in other states as counsel to major banking firms in public finance transactions. This breadth of experience allows our team to maintain currency with what is happening in the public finance markets across the country. Public finance lawyers have, for example, represented the firm in public finance transactions in California, Colorado, the District of Columbia, Florida, Georgia, Illinois, Kentucky, Massachusetts, Mississippi, New York, New Jersey, Ohio, Pennsylvania, South Carolina, Texas and Virginia. These transactions consist of general government financings issued as general obligations and revenue bonds, certificated installment financings, higher education financings and health care financings.
Among the many things that we are proud of in our practice are the innovative financing structures that Parker Poe attorneys have been involved in to meet the ever‑changing needs of our clients. Some of those structures that we were there for at the beginning include:
- First commercial paper financing for governmental units in North Carolina
- Only firm to structure pension funding obligations in the Carolinas
- First variable-rate general obligation bond and revenue bond issued in North Carolina
- First publicly-offered certificate of participation financing approved by the North Carolina Local Government Commission
- First installment purchase revenue bond financing for a school district in South Carolina
- First pool financing for the University of North Carolina system
- First county tax increment financing in the State of South Carolina
- First financing for a solid waste authority under new North Carolina legislation allowing counties to create solid waste authorities
- First taxable financing ever undertaken by a University of North Carolina campus