Public Charter Schools Borrowing With Tax-Exempt Bonds, Second ...

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DISCLAIMER: Nothing contained in this booklet should be construed or relied upon as legal advice. Instead, this booklet is intended to serve as an introduction to the general subject of the use of tax-exempt bonds by charter schools, from which better informed requests for advice, legal and financial, can be formulated. Published by Orrick, Herrington & Sutcliffe LLP All rights reserved. Copyright © 2012 by Orrick, Herrington & Sutcliffe LLP No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system, without permission in writing from the publisher.
Public Charter Schools Borrowing With Tax-Exempt Bonds Second Edition eugene h. clark-herrera in collaboration with maria c. sazon (napcs) www.orrick.com
Page 1: Public Charter Schools Borrowing Wi
Page 7 and 8: chapter one Introduction The public
Page 9 and 10: chapter two Why Use Tax-Exempt Bond
Page 11 and 12: Tenure. Tax-exempt debt generally h
Page 13 and 14: Thus, although it is somewhat count
Page 15 and 16: of tax credits, as determined by Co
Page 17 and 18: chapter three Timing of Project Acq
Page 19 and 20: the school’s finances and operati
Page 21 and 22: chapter four Eligible Uses of Bond
Page 23 and 24: Properly drafted, it can be simple
Page 25: yield on the refunded bonds. Howeve
Page 28 and 29: it is advisable to consult bond cou
Page 31 and 32: chapter six Credit Considerations I
Page 33 and 34: competing public schools do not ser
Page 35 and 36: Each transaction is analyzed indivi
Page 37 and 38: chapter seven Investor Perspectives
Page 39 and 40: 5. Quality of Finance Team. By virt
Page 41 and 42: chapter eight Credit Enhancement Fo
Page 43 and 44: B. Other Guarantors and Credit Enha
Page 45 and 46: chapter nine Market Disclosure The
Page 47 and 48: sessions. Parties also conduct a
Page 49 and 50: data is presented in the final offi
Page 51 and 52: chapter ten Transaction Structure a
Page 53 and 54:
A separate public entity is require
Page 55 and 56:
chapter eleven Steps to Issuing Bon
Page 57 and 58:
of the Official Statement that sets
Page 59 and 60:
a separate law firm to serve as Dis
Page 61 and 62:
chapter twelve Post-Issuance Compli
Page 63 and 64:
agreements for comparable special l
Page 65 and 66:
B. Disclosure Responsibilities Fail
Page 67 and 68:
Contacts For further information ab
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