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Public Finance

Shipman & Goodwin has extensive experience in representing issuers, underwriters, borrowers, trustees and credit enhancers in public finance transactions. Our attorneys have handled matters for clients involving the issuance of general obligation and revenue bonds and notes, and interim funding obligations and project loan obligations under the State's Clean Water Fund Program.

We have been involved in State, municipal and other governmental entity financings, and have represented various parties in these public finance transactions. In connection with such transactions, we have drafted and negotiated, among other things, indentures, loan agreements, lease-purchase agreements, mortgages, bond purchase agreements, security agreements, guarantees, swap agreements, letters of credit and reimbursement agreements on behalf of issuers, underwriters, borrowers, credit enhancers and bond trustees.

We have also assisted clients with rating agency and bond insurance requirements and procedures. We have represented parties in financings in Connecticut and Massachusetts. Shipman & Goodwin has been a nationally recognized bond counsel firm since 1984.

Bond Counsel

Our attorneys have served as bond counsel for the State of Connecticut and a number of Connecticut cities, towns, and tax districts. In providing such services we have gained extensive experience with the issuance and sale of general obligation and revenue bonds and bond anticipation notes sold on both a competitive and negotiated basis. Such issues have financed, among other things, schools, police and fire safety complexes, wastewater treatment plants, sewers, water systems and parking garages. We have handled pension obligation bonds, clean water fund loans, swap transactions and municipal leasing transactions for our municipal clients.

Presently, the firm is Bond Counsel to the towns of Bozrah, Brooklyn, Chaplin, Colebrook, Enfield, Granby, Hampton, Old Saybrook, Preston, Sherman, Stafford, Thomaston, Weston and Wolcott and the cities of New Britain and Waterbury. We also serve as Bond Counsel to the Simsbury Fire District, the Southington Water Department and the Georgetown Special Taxing District. In addition, members of our firm have previously served as Bond Counsel to the towns of Canton, Farmington, New Canaan, Stratford and The Metropolitan District ("MDC").

We have served as Bond Counsel to the State Treasurer's Office since 1994, and currently handle the Connecticut State University and Community Technical College programs, including the federal and state tax issues involved in the programs.

Underwriter's Counsel

Shipman & Goodwin attorneys have served as underwriter’s counsel in general obligation and revenue bond issues of the State of Connecticut, in general obligation bond issues for cities, towns and regional school districts and in revenue bond issues of various quasi-public authorities including the Connecticut Health and Educational Facilities Authority. Such revenue bond issues have included Section 501(c)(3) bonds issued to finance capital projects of universities, hospitals, assisted-living facilities and independent schools.


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Representative Matters

Primary Contacts

Bruce A. Chudwick
(860) 251-5114


Scott L. Murphy
(860) 251-5920


Matthew D. Ritter
(860) 251-5092


Additional Contacts

Related Practices

Municipal Law