For over 25 years, Spotts Fain has represented clients needing funds to finance capital projects.  As part of this client service, our public finance practice works closely with project developers, engineers, governmental owners, finance advisors and banks to offer creative solutions to finance municipal projects.  We represent large and small localities throughout Virginia, including their political subdivisions, and offer advice on financing options that may yield lower rates, including subsidized programs. 

We have worked on a wide array of transactions, including general obligation bonds, revenue bonds, and less traditional sources of funding through lease financings and tax increment financings. 

We have also assisted clients with vetting of public-private partnership transactions, including development of financing packages that source funds from a variety of programs to develop more competitive financing offerings. 

We are nationally recognized for our bond counsel practice and are listed in the nationally distributed Municipal Marketplace, the “Red Book.”   

Transactional Types: 

  • tax-exempt and taxable bonds, notes, lines of credit
  • fixed and variable rate debt
  • lease financings, investment and asset-backed contracts
  • advice on utility projects and economic development transactions
  • negotiating PPEAs
  • establishing industrial parks
  • negotiating performance agreements and corporate leases
  • complex public-private partnerships

Finance Offerings:

  • Public Bond Issues
  • USDA Financing
  • Direct Bank Placement
  • Conduit Funding Issuers, including the VML/VACo Local Finance Program
  • State-level program administered by the Virginia Resources Authority and Public School Authority

Representative Previous Roles:

  • Bond Counsel
  • Local Counsel
  • Trustee Counsel
  • Bank Counsel

Representative Clients:

Governmental bodies:

  • Statewide authorities
  • Counties
  • Cities
  • Towns
  • Industrial Development Authorities
  • Economic Development Authorities
  • Special Tax Districts


Private Groups:

  • Trustees
  • Investment Banks
  • Banking Institutions
  • Municipal Advisors


Contact us For More Information On This Practice Group