Introduction -

Managers of water and wastewater utilities face complex financial challenges. The purpose of this guidebook is to provide an overview of issues relating to the financing of water and wastewater projects in general and financing with obligations the interest on which is excluded from gross income for federal income tax purposes (referred to herein as “tax-exempt bonds”) in particular. Although tax-exempt bonds are generally issued by or for a municipal entity or a department of a municipal entity (in either case referred to herein as the “agency”) to finance capital improvements to the agency’s system, tax-exempt financing is available for other purposes and, under some circumstances, may be available to finance projects for private companies or governmental projects with very significant private participation.

This guidebook is intended for general informational purposes and cannot anticipate the needs and circumstances of each or any particular agency or company. Public agencies and private companies considering the financing of water or wastewater projects should consult with expert counsel early in the process.

Orrick, Herrington & Sutcliffe LLP has been ranked first in the country as bond counsel for most of the last two decades and has a long history of participation, in a wide variety of roles, in water and wastewater financings. In addition to bond counsel, disclosure counsel, underwriter’s counsel and lender’s counsel services, Orrick can provide legislative services through its governmental affairs practice and can provide financial advisory, arbitrage rebate calculation and continuing disclosure services through Orrick’s wholly owned subsidiary BLX Group (formerly Bond Logistix LLC).

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

SEC
Tax

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Orrick, Herrington & Sutcliffe LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×