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Public Finance

Kutak Rock has served as bond counsel in more than 12,000 municipal bond issues aggregating more than $365 billion in principal amount in all 50 states, the District of Columbia, and the U.S. territories.

Kutak Rock is a national leader in public finance. Our reputation was built on the ability to devise innovative strategies for the dynamic environment of tax-exempt financing, particularly for complex issues, as well as provide routine legal advice in a client-focused, cost-effective manner. We have participated in thousands of tax-exempt public finance transactions, representing issuers as bond counsel in all 50 states and serving as underwriter's counsel to most national and numerous regional investment banking firms, as well as national finance counsel to several major corporations.

Kutak Rock is listed among the most active bond counsel and underwriter's counsel firms in the nation in annual industry rankings since the advent of such statistics.

In its latest rankings, Thomson Reuters® placed Kutak Rock among the top 10 law firms for bond counsel, underwriter’s counsel and disclosure counsel.

Financing areas in which our firm has particular expertise include

  • Single- and multifamily housing
  • Health care facilities
  • Traditional public projects
  • Mass transit projects
  • Public utilities
  • Higher education facilities
  • Development districts

In addition, we are very active in the area of municipal derivatives for both primary and secondary markets, as well as interest rate swaps and related instruments.

A distinct strength of the firm is our group of nationally recognized tax lawyers dedicated solely to the public finance practice. The group, which includes a former head of the IRS's municipal bond group, has obtained numerous precedent-setting tax rulings, including the first interest rate swap integration ruling. They have also handled numerous IRS bond audits.

Kutak Rock has been instrumental in drafting and implementing both federal and state legislation affecting public finance, and represents states and municipalities in numerous capacities.