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PUBLIC Public Finance

At Bracewell, our nationally-recognized public finance practice is far more than documents and a successful closing. We provide our clients with continuing up-to-date information on trends and challenges, as well as an in-depth understanding of and federal law issues and insight into managing municipal regulatory challenges. We work with all types of public and private entities and understand the complexities inherent in providing , disclosure and counsel to issuers, underwriters, trustees, third-party providers and borrowers. We assist clients with traditional and highly structured project finance conduit transactions involving housing, industrial development, and other health care facilities, higher education, private and primary secondary schools, cultural arts , not-for-profit organizations, waste disposal facilities, airports and state agencies.

Our diversity and depth give our clients the benefit of innovations and best practices on every transaction. Our team structures finance options for our clients, such as a traditional fixed rate new transaction or a complex project finance solid waste transaction. Because the ability to finance projects with the proceeds of tax-exempt or tax-advantaged is a significant benefit for issuers, we help configure tax-advantaged debt, address post-issuance compliance matters and Internal Service (IRS) examinations, secure advance rulings from the IRS, and seek regulatory and legislative rule changes. Given the recent upheavals in the capital markets, federal securities laws are a major consideration, and our lawyers have experience working with the Securities and Exchange Commission (SEC). Our team possesses firsthand knowledge of developments across the country in public and project finance, and our clients benefit from our experience. Our recent notable matters include advising on the following:

City of Houston, Texas Texas Department of Fort Bend Independent School bond counsel to issuer in connection Transportation District with $636.71 million of Airport System bond counsel to issuer in connection bond counsel in connection with $100 Special Facilities Taxable Revenue with $615 million of State Highway million of Unlimited Tax Commercial Refunding Bonds (Consolidated Rental Fund First Tier Revenue Bonds, Series Paper Notes, Series A and Series B Car Facility Project), Series 2014, Airport 2016-A and $90 million of State [2016] System Special Facilities Revenue Highway Fund First Tier Revenue Refunding Bonds (United Airlines, Inc. Refunding Put Bonds, Series 2016-B Terminal Improvement Projects), Series Mission Economic 2014 (AMT), 2015B-1, 2015B-2 and Development 2015C Texas Public Finance Authority bond counsel to issuer in connection bond counsel to issuer in connection with $50 million of Senior Lien Revenue Baylor Scott & White Holdings with $767.67 million of Revenue Bonds (Natgasoline Project), Series Notes (Texas 2016A and $202.885 million of Senior underwriter’s counsel in connection Facilities Commission Projects) Series Lien Revenue Bonds (Natgasoline with the issuance of $534.785 million of 2016A (Taxable) and Series 2016B (Tax- Project), Series 2016B Taxable Bonds, Series 2016 Exempt)

Cypress-Fairbanks Dallas Area Rapid Transit Central Texas Regional Independent School District Authority Mobility Authority bond counsel to issuer in connection bond counsel in connection with bond counsel to issuer in connection with $209.045 million of Unlimited Tax $482.53 million of Senior Lien Sales with $358 million of Senior Lien School Building and Refunding Bonds, Refunding Bonds, Series Revenue Refunding Bonds, Series Series 2015A 2016A 2016 and $298.7 million of Senior Lien Revenue Bonds, Series 2015A; and $68.7 million of Senior Lien Revenue Board of Regents of The Texas Texas Health Resources and Refunding Put Bonds, Series 2015B A&M University System bond counsel and disclosure counsel in connection with $710 million of System bond counsel in connection with $125 Revenue Bonds Series 2016A Bexar County, Texas million of Permanent University Fund Taxable Commercial Paper Notes, bond counsel to issuer in connection Series 2015A and $12.4 million of with $113.61 million of Combination Permanent University Fund Taxable of Houston Authority Tax and Revenue Certificates of Commercial Paper Notes, Series 2015A Obligation, Series 2016A and Series bond counsel to issuer in connection 2016B with $300 million of Senior Lien Flexible Rate Revolving Note Program (2015) Dallas/Fort Worth Housing Authority of the City International Airport Rice University of El Paso, TX bond counsel to issuer in connection with $280.43 million of Joint counsel to issuer in connection bond counsel to issuer in connection Refunding and Improvement Bonds, with $700 million of Taxable Bonds, with $65.375 million of Variable Rate Series 2016A Series 2015 Multifamily Housing Revenue Bonds, Series 2015B (HACEP RAD Conversion Program Phase I Project) and $59.625 million of Multifamily Revenue Note, Series 2015A (HACEP RAD Conversion Program Phase I Project) TEXAS | NEW YORK | WASHINGTON D.C. | CONNECTICUT | SEATTLE | DUBAI | LONDON bracewell.com