Public purpose funding and borrowing activities revolve around a complex combination of statutes, timing and notice requirements, and countless other details. But also critical to successful funding—beyond the legal complexities—is an understanding of a transaction's practical aspects (how an issue is put together and the role of the financial advisor, the underwriter, and other parties to the transaction) and of the way government wheels turn on financing issues.
In an area where legal knowledge and sound judgment are the product of years of experience and the volume and variety of transactions, Quarles & Brady has earned a national reputation. For over half a century, we have assisted state and local governments in raising capital for public-interest projects ranging from hospitals, schools, and infrastructure to solid waste recovery facilities, downtown redevelopment districts, and marinas.
Quarles & Brady bond counsel opinions enjoy universal acceptance as assurance that a funding is lawfully authorized and issued and meets all requirements for tax-exempt status. We annually provide opinions on approximately $1 billion of obligations, including some $250 million to $300 million in health care financings. That kind of volume makes us one of the largest public finance law practices in the country—larger by far than any other firm in Wisconsin. It also allows us to provide cost-efficient representation of the highest quality.
We are deeply involved at state and national levels in formulating bond industry standards, writing laws affecting state and local financing, and serving in industry groups. We also have been involved in many significant court tests in this area of law. This keeps us at the forefront in spotting new trends, developments, and techniques and providing the best resources for getting the job done.