Public and Municipal Finance
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
- 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
- School Districts
- State Agencies and Authorities
- Cities, Towns, Townships, Counties
- Fire Districts
- Municipal Building Authorities
- Park Districts
- State Universities
- Water, Sewer and Other Districts
- Economic Improvement Districts
- Redevelopment Districts
- Primary and Secondary, including Charter Schools
- Higher Education
Municipal
March 10, 2025
David Holt Joins Public Finance and Municipal Practice as Senior Advisor
Firm News and Events
January 1, 2025
Krieg DeVault Announces Partnership of Shawn E. Peterson
Firm News and Events
May 8, 2024
Kendall A. Schnurpel Joins Krieg DeVault’s Business Practice; Will Focus on Tax Law
Firm News and Events
February 28, 2024
Krieg DeVault Announces 8 Attorneys as 2024 Indiana Super Lawyers; 9 as 2024 Indiana Rising Stars
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
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
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
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
- 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
- School Districts
- State Agencies and Authorities
- Cities, Towns, Townships, Counties
- Fire Districts
- Municipal Building Authorities
- Park Districts
- State Universities
- Water, Sewer and Other Districts
- Economic Improvement Districts
- Redevelopment Districts
- Primary and Secondary, including Charter Schools
- Higher Education