Bonds and Securities

Economic Development Initiatives - Industrial Revenue Bonds

Industrial revenue bonds (IRBs) can be used for a wide variety of commercial projects and can be structured in several different ways: as taxable or tax-exempt financings, or solely for the purpose of providing state and local tax exemptions, independent of the actual project financing.

We have extensive experience with all types of IRBs, including those issued as qualified private activity bonds on behalf of 501(c)(3) health care providers. We offer clients comprehensive legal services concerning IRB transactions, including due diligence analysis, drafting of the necessary documentation, preparation of disclosure documents, application for private activity bond allocations, consultation with investment advisers and underwriters, advice on controlling costs, strategies for avoiding or limiting political difficulties, and issuance of legal opinions required to close such transactions.