Municipal Finance: Structuring Tax-Exempt Finance Models for Local Governments
Lease-Purchase Agreements, Conditional Sales Contracts, and Certificates of Participation
Recording of a 90-minute CLE webinar with Q&A
This CLE course will discuss strategies for successfully structuring and documenting municipal lease-purchase and certificate of participation (COP) transactions. The panel will explore the structure of lease-purchase and COP financings, the state and federal law issues relating to tax-exempt lease-purchase financing, common pitfalls to avoid when working with this financing model, and key terms to include to limit risk and optimize the utility of this strategy for local governments.
- Tax-exempt lease financing overview
- Parties and common uses
- State law considerations
- Federal tax considerations
- Methods of tax-exempt lease financing
- Certificates of Participation
- Lease revenue bonds
- Common drafting issues
- Key terms
- Limiting risk (indemnification, nonsubstitution, essentiality, etc.)
The panel will review these and other considerations:
- What local government officials and municipal attorneys should know about lease-purchase financing?
- What is the effect of a non-appropriation?
Dorsey & Whitney
Mr. Canova represents public and private sector clients across the country in a wide variety of tax-exempt and taxable... | Read More
Mr. Canova represents public and private sector clients across the country in a wide variety of tax-exempt and taxable financings. He serves as underwriter's counsel, special tax counsel, bond counsel, borrower's counsel and issuer's counsel.Close
Robert P. Mecklenborg, Jr.
Frost Brown Todd
Mr. Mecklenborg is a corporate attorney based in the firm's Cincinnati office. His practice is focused on a wide... | Read More
Mr. Mecklenborg is a corporate attorney based in the firm's Cincinnati office. His practice is focused on a wide variety of corporate matters, including financings, public-private partnerships, acquisitions, real estate and business formation. Mr. Mecklenborg regularly counsels private and public sector clients on innovative solutions to meet their goals. Clients rely on his expertise in contract negotiation, real estate matters, including leasing, acquisition, development, purchase/sale agreements, preparation and negotiation of development and construction contracts, and public and private financing agreements.Close