PublicFinance

A M u l t i - D i s c i p l i n e L a w F i r m

The Troutman Sanders Public Finance Group has provided comprehensive legal services in municipal finance transactions inthe Southeast for over 25 years.

The Firm’s Public Finance attorneys serve as bond counsel to state, regional and local governments, authorities, commissionsand institutions and as counsel to issuers, underwriters, banks andother lenders, and corporate trustees and borrowers. They alsoserve as counsel in the financing of transportation, water, sewer,correctional and other governmental projects, as well as education-al, industrial, solid waste disposal, health care, housing, 501(c)(3)not-for-profit and mixed-use facilities.

Attorneys in the Public Finance Group advise clients as to optimummunicipal financing arrangements, including the use of letters ofcredit, bond insurance, liquidity facilities, Fannie Mae creditenhancements, tax credits, guaranteed investment contracts, for-ward commitments, swaps and other derivative products.

The Group has six lawyers with almost 100 years of combinedexperience in analyzing tax, arbitrage, securities and other state andfederal laws governing taxable and tax-exempt municipal financ-ings, whether bearing interest at a fixed or variable interest rate,and whether a new money or current or advanced refunding issue.

Representative clients include the Virginia Department ofTransportation; the Virginia College Building Authority; Atlanta,Georgia; the City of Richmond,Virginia; Hanover County,Virginia;Virginia Tech Foundation; Medical College of Hampton Roads;Washington and Lee University; Richmond MetropolitanAuthority; Goldman Sachs; UBS PaineWebber; Morgan Stanley;Bear Stearns; Lehman Brothers; Salomon Smith Barney; JacksonSecurities; Morgan Keegan; Bank of America, N.A.; WachoviaBank; Branch Banking and Trust Company; City of RoanokeRedevelopment and Housing Authority; Blue Ridge Regional JailAuthority; Riverside Regional Jail Authority; James River JuvenileDetention Commission; Blue Ridge Juvenile DetentionCommission; Waste Management, Inc.; Infineon Technologies;Riverside Healthcare Association; AHC (formerly ArlingtonHousing Corporation); and Brencor, Inc.

Troutman Sanders LLP

PUBLIC FINANCEwww.troutmansanders.com

The Public Finance Group has a history of innovative financings, including:

• Tax-exempt financing for college fraternities’ renovations

• First variable rate, multimodal financing for state universities in Virginia

• One of first bond counsel firms for cogeneration and corrections facilitiesfinancings in Virginia

• One of first bond counsel in the country for senior/subordinate bond structure in Standard & Poor’s affordable housing program

The Troutman Sanders Public Finance Practice Group includes the followingareas of expertise:

• Transportation

• Privatizations, public/private partnerships and mixed-use facilities

• Draw-down and blind pool bond issues

• GARVEE bonds secured by federal highway funds

• Variable rate, multimodal bonds

• Higher education facilities

• Local economic development incentive packages

• Regional jails and juvenile detention facilities

• Multifamily housing, both for-profit and not-for-profit,including senior/subordinate bond structure

• Health care and assisted living

• Tax-exempt leasing

• Fannie Mae credit enhancements and tax credits

• Tax increment financings

Please visit the Web site at www.troutmansanders.com for more informationon the scope of Firm services, particularly as they relate to your tax-exemptfinancing needs. Troutman Sanders is ready, willing and able to help yourorganization obtain positive results.