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Krieg DeVault’s public and municipal finance team uses a unique combination of governmental experience, historical knowledge of state and local issuers, and practical but creative tax advice to help governmental entities, nonprofit organizations, hospitals, educational institutions, and private sector clients meet their tax-exempt financing needs. We have acted as bond counsel, special tax counsel, tax controversy counsel, underwriter's counsel, disclosure counsel, issuer's counsel, borrower's counsel, credit provider's counsel, and trustee's counsel in a wide-range of financings such as general obligation, revenue, lease rental, housing (bond and tax credit), economic development, infrastructure, 501(c)(3), tax increment, and cash flow transactions.  Our team of attorneys has worked on financings ranging from $100,000 to $1,000,000,000.  Each Krieg DeVault advisor is integrally involved in the financing to ensure that it is accomplished correctly, effectively, and on time.

As municipal governments face new challenges like privatization, as well as traditional concerns involving procurement, financing, and economic development, Krieg DeVault’s experience is invaluable to both public and private sector clients. Members of our team have hands-on municipal government experience, and we work closely with organizations like the Accelerate Indiana Municipalities (AIM) and the Indiana Department of Local Government Finance to keep abreast of new municipal law developments. Our firm has special insight into the complexities of privatizing municipal services, having handled one of the largest public-private partnerships of a municipal water utility ever accomplished in the United States. We also represent cities and towns before all levels of state and federal courts in controversies ranging from annexation disputes to employment litigation.

Indianapolis Redevelopment CDE LLC

New Market Tax Credit Financing of RecycleForce Headquarters Project

Stifel, Nicolaus & Company, Incorporated

Underwriter’s Counsel for Fishers Sewage Works Refunding Bonds of 2021

Town of Bristol

Bond Counsel for Taxable Economic Development Tax Increment Revenue Bonds, Series 2021 for Seahawk Project

Indianapolis Redevelopment CDE LLC

New Market Tax Credit Financing of the Historic Madam Walker Legacy Center

Star Financial Bank

Aspire Indiana, Inc. Health Facility Revenue Bond Financing and Collateralization

BofA Securities

Underwriter’s Counsel for Lease Appropriation Refunding Bonds, Series 2019 G for Indiana Convention Center Expansion Project

Flaherty & Collins

Union at Berkley Park Mixed-Use Project (Kansas City, MO)

Indianapolis Redevelopment CDE LLC

New Market Tax Credit Financing and Tax Increment Revenue Bond for PR Mallory Building

Cinnaire Corp.

Secured $51 Million Equity Investments in Indiana Section 42 Tax Credit Partnerships

Indianapolis Redevelopment CDE LLC

New Markets Tax Credit Financing and Tax Increment Revenue Bond for Phoenix Theatre Education and Innovation Center

Keystone Group

Tax Increment Revenue Bond Financing and Related Matters for Intercontinental Hotel & 220 North Mixed-Use Tower

Silver Birch Living

$78.8 Million Tax-Exempt Bond Financing of Five Affordable Assisted Living Facilities

HRI Properties, LLC

$18 Million Tax Increment Revenue Bond Financing and Related Real Estate Matters for New Downtown Dual-Brand Hyatt Hotel

Indianapolis Redevelopment CDE LLC

$9.3 Million New Markets Tax Credit Financing for Riverside High School

Global Access Point, LLC

Transaction Counsel to $22.9 Million Financing for the Restoration and Adaptive Reuse of the Studebaker Assembly Complex (South Bend, IN)

City of Indianapolis & The Indianapolis Local Public Improvement Bond Bank

Bond Counsel for Advance Refunding of $159.5 Million PILOT Revenue Bonds

Vermillion Development

$45.72 Million Tax-Exempt Bond Financing of 3 Affordable Assisted Living Facilities

501(c)(3) Nonprofit
Economic Development and Redevelopment
  • Primary and Secondary, including Charter Schools
  • Higher Education
Health Care
Housing
Manufacturing Facilities - Industrial
Solid Waste and Pollution Control
Sewage and Water
Stadium, Arenas and Convention Centers
General Obligation Bonds
Revenue Bonds
TIF Bonds
Private Activity Bonds
Special Assessment Bonds
Tax Anticipation Notes and Warrants
Economic Improvement District Bonds
Taxable Bonds
  • Disclosure Counsel
  • Special Tax Counsel
  • Bond Counsel
  • Underwriter's Counsel
  • Borrower's Counsel
  • Bank Counsel
  • Issuer's Counsel
  • Tax Controversy Counsel
  • Credit Provider's Counsel
  • Cities
  • Towns
  • Townships
  • Counties
  • Fire Districts
  • Municipal Building Authorities
  • Park Districts
  • School Districts
  • States, States Agencies and Authorities
  • State Universities
  • Water, Sewer and Other Districts
  • Economic Improvement Districts
  • Redevelopment Districts
Firm News and Events

January 2, 2024
Partner George C. Lepeniotis Elected to Krieg DeVault’s Executive Committee

Secured Lender

November 2, 2023
President Biden Issues Executive Order on Artificial Intelligence

Business

August 31, 2023
Is Your Business Ready? Preparing for and Complying with the Corporate Transparency Act

Firm News and Events

July 31, 2023
Frank A. Hoffman Joins Krieg DeVault’s Public Finance and Municipal Practice

Firm News and Events

July 11, 2023
Shawn E. Peterson Joins Krieg DeVault’s Public Finance and Municipal Practice

Governmental Affairs and Public Advocacy

June 15, 2023
Take Five: 5 Things you Need to Know About Indiana Government - June 2023

Firm News and Events

January 30, 2023
Known By the Successful Company We Keep® - Krieg DeVault Issues Annual Ad Showcasing Transactions from Many of Our Valued and Successful Clients

Municipal

March 23, 2022
Open Door Law: “Declared Emergency” Ends – Prepare For Your Next Virtual Meeting 

Municipal

February 14, 2022
Public Access Counselor Addresses Board’s “Final Action” Under Indiana’s Open Door Law

Firm News and Events

January 26, 2022
Krieg DeVault Announces 2022 Senior Associate Promotions

Municipal

January 26, 2022
Eliminating Blight: Court Issues Opinion re: Indiana’s Unsafe Building Law

Municipal

September 8, 2021
Open Door Law Update: “Declared Emergency” Virtual Meetings Continue Under Governor Holcomb’s Eighteenth Renewal of the Public Health Emergency Declaration

Municipal

May 19, 2021
Public Access Alert: New Law Permits Electronic Meetings, but Requires Planning

Municipal

May 3, 2021
New Congressional Bills Introduced to Promote Multifamily Housing and Reinstate Advance Refunding (Affordable Housing Credit Improvement Act of 2021 and Local Infrastructure Financing Tools Act)

Municipal

March 31, 2021
American Rescue Plan Act Includes Money for State and Local Governments

Municipal

February 26, 2021
Indy’s Amazon HQ2 Records Shielded by APRA (and What it Means for Local Economic Incentive Records)

Municipal

February 1, 2021
Emergency Public Works Project? In Addition to Obtaining Bids, Declare the Emergency on the Record.

Municipal

January 20, 2021
IRS Provides Further Temporary Relief for LIHTC Projects Due to COVID-19

Municipal

July 19, 2020
Local Governments at Risk if Agent Waives Notice Requirement Under the Tort Claims Act

Municipal

July 14, 2020
IRS Provides Temporary Relief for LIHTC Projects Due to COVID-19

Municipal

June 15, 2020
IRS Postpones Time-Sensitive Deadlines for New Markets Tax Credit Investments and Expenditures

Municipal

June 2, 2020
In Response to COVID-19, IRS Extends Safe Harbors for Renewable Energy Tax Credit Projects

Municipal

May 21, 2020
Exceptions to Indiana's Open Door Law and Access to Public Records Act Extended Until June 13, 2020

Municipal

May 14, 2020
Coronavirus Relief Fund Program: Reimbursement Eligibility Guidelines for Counties, Cities, and Towns

Municipal

May 14, 2020
Exceptions to Indiana's Open Door Law and Access to Public Records Act Set to Expire on May 23, 2020

Municipal

May 5, 2020
IRS Issues Tax-Exempt Bond Guidance in Response to COVID-19 Pandemic

Municipal

April 2, 2020
Indiana's Public Access Laws Further Suspended in Response to COVID-19

Municipal

April 2, 2020
Municipal Securities Debt Service Disclosure Obligations and COVID-19

Municipal

April 1, 2020
State Board of Accounts Provides Guidance for COVID-19 Expenditures

Municipal

March 30, 2020
During COVID-19 Public Health Emergency, What Constitutes an “Essential Matter,” Thus Warranting a Public Meeting by Local Governmental Entities?

Municipal

March 26, 2020
Governor Holcomb Extends Property Tax Exemption Deadline to June 30

Municipal

March 25, 2020
April 1 Property Tax Exemption Application Deadline Still Looms

Municipal

March 19, 2020
Indiana's Public Access Counselor Provides Open Door Law (“ODL”) Guidance Following Governor Holcomb's Most Recent COVID-19 Executive Order

Municipal

March 17, 2020
Indiana's Open Door Law (“ODL”) Partially Suspended in Response to COVID-19

Firm News and Events

January 8, 2020
David E. Corbitt Named Chair of Krieg DeVault's Public Finance and Municipal Practice Group

Municipal

November 5, 2019
Indiana's "Little Miller Act" Alleviates Concern that Public Works Projects Remain Immune to Mechanic's Liens

Construction

November 5, 2019
Indiana's "Little Miller Act" Alleviates Concern that Public Works Projects Remain Immune to Mechanic's Liens

Municipal

March 18, 2019
Immunity under the Indiana Tort Claims Act ("ITCA") unavailable to government entity after student murdered away from school premises

Thought Leadership

February 27, 2019
Reminder - Additional Reporting Requirements Under Continuing Disclosure Agreements Effective February 27, 2019

Firm News and Events

October 22, 2018
Krieg DeVault Welcomes Three New Associates - Alexandria M. Foster, Scott C. Frissell, and Ben Vandeventer

Krieg DeVault’s public and municipal finance team uses a unique combination of governmental experience, historical knowledge of state and local issuers, and practical but creative tax advice to help governmental entities, nonprofit organizations, hospitals, educational institutions, and private sector clients meet their tax-exempt financing needs. We have acted as bond counsel, special tax counsel, tax controversy counsel, underwriter's counsel, disclosure counsel, issuer's counsel, borrower's counsel, credit provider's counsel, and trustee's counsel in a wide-range of financings such as general obligation, revenue, lease rental, housing (bond and tax credit), economic development, infrastructure, 501(c)(3), tax increment, and cash flow transactions.  Our team of attorneys has worked on financings ranging from $100,000 to $1,000,000,000.  Each Krieg DeVault advisor is integrally involved in the financing to ensure that it is accomplished correctly, effectively, and on time.

As municipal governments face new challenges like privatization, as well as traditional concerns involving procurement, financing, and economic development, Krieg DeVault’s experience is invaluable to both public and private sector clients. Members of our team have hands-on municipal government experience, and we work closely with organizations like the Accelerate Indiana Municipalities (AIM) and the Indiana Department of Local Government Finance to keep abreast of new municipal law developments. Our firm has special insight into the complexities of privatizing municipal services, having handled one of the largest public-private partnerships of a municipal water utility ever accomplished in the United States. We also represent cities and towns before all levels of state and federal courts in controversies ranging from annexation disputes to employment litigation.

Indianapolis Redevelopment CDE LLC

New Market Tax Credit Financing of RecycleForce Headquarters Project

Stifel, Nicolaus & Company, Incorporated

Underwriter’s Counsel for Fishers Sewage Works Refunding Bonds of 2021

Town of Bristol

Bond Counsel for Taxable Economic Development Tax Increment Revenue Bonds, Series 2021 for Seahawk Project

Indianapolis Redevelopment CDE LLC

New Market Tax Credit Financing of the Historic Madam Walker Legacy Center

Star Financial Bank

Aspire Indiana, Inc. Health Facility Revenue Bond Financing and Collateralization

BofA Securities

Underwriter’s Counsel for Lease Appropriation Refunding Bonds, Series 2019 G for Indiana Convention Center Expansion Project

Flaherty & Collins

Union at Berkley Park Mixed-Use Project (Kansas City, MO)

Indianapolis Redevelopment CDE LLC

New Market Tax Credit Financing and Tax Increment Revenue Bond for PR Mallory Building

Cinnaire Corp.

Secured $51 Million Equity Investments in Indiana Section 42 Tax Credit Partnerships

Indianapolis Redevelopment CDE LLC

New Markets Tax Credit Financing and Tax Increment Revenue Bond for Phoenix Theatre Education and Innovation Center

Keystone Group

Tax Increment Revenue Bond Financing and Related Matters for Intercontinental Hotel & 220 North Mixed-Use Tower

Silver Birch Living

$78.8 Million Tax-Exempt Bond Financing of Five Affordable Assisted Living Facilities

HRI Properties, LLC

$18 Million Tax Increment Revenue Bond Financing and Related Real Estate Matters for New Downtown Dual-Brand Hyatt Hotel

Indianapolis Redevelopment CDE LLC

$9.3 Million New Markets Tax Credit Financing for Riverside High School

Global Access Point, LLC

Transaction Counsel to $22.9 Million Financing for the Restoration and Adaptive Reuse of the Studebaker Assembly Complex (South Bend, IN)

City of Indianapolis & The Indianapolis Local Public Improvement Bond Bank

Bond Counsel for Advance Refunding of $159.5 Million PILOT Revenue Bonds

Vermillion Development

$45.72 Million Tax-Exempt Bond Financing of 3 Affordable Assisted Living Facilities

Focus Areas

501(c)(3) Nonprofit
Economic Development and Redevelopment
  • Primary and Secondary, including Charter Schools
  • Higher Education
Health Care
Housing
Manufacturing Facilities - Industrial
Solid Waste and Pollution Control
Sewage and Water
Stadium, Arenas and Convention Centers
General Obligation Bonds
Revenue Bonds
TIF Bonds
Private Activity Bonds
Special Assessment Bonds
Tax Anticipation Notes and Warrants
Economic Improvement District Bonds
Taxable Bonds
  • Disclosure Counsel
  • Special Tax Counsel
  • Bond Counsel
  • Underwriter's Counsel
  • Borrower's Counsel
  • Bank Counsel
  • Issuer's Counsel
  • Tax Controversy Counsel
  • Credit Provider's Counsel
  • Cities
  • Towns
  • Townships
  • Counties
  • Fire Districts
  • Municipal Building Authorities
  • Park Districts
  • School Districts
  • States, States Agencies and Authorities
  • State Universities
  • Water, Sewer and Other Districts
  • Economic Improvement Districts
  • Redevelopment Districts