State and local governments may issue bonds to assist private businesses, which borrow the bond proceeds to finance their special projects.
Borrower’s counsel may be engaged by the private business to:
- Advise the business about the financing;
- Advocate the business' interests in the financing; and
- Render an objective legal opinion regarding the authorization, execution and delivery of the business’ agreements.
Barnes & Thornburg LLP has served as borrower’s counsel in a variety of bond financings.