In Illinois, counties are instrumental in providing essential governmental services such as jails, roads, nursing homes, storm water management, juvenile detention centers and water and sewage facilities. Counties finance such facilities through the issuance of general obligation bonds, debt certificates and alternate bonds.
The public finance attorneys at Chapman and Cutler LLP are frequently called upon to serve as bond counsel or underwriter's counsel in connection with the issuance of such debt obligations.
The firm possesses vast experience in interpreting the often arcane and complex statutes that provide the authority for counties to issue such obligations.
In rapidly developing counties, the need for public facilities and services often outstrips the ability of counties to pay for them with existing revenues. Incurring debt to pay for such facilities and services is often essential. The firm's public finance attorneys welcome the opportunity to work with county officials to develop effective solutions for such problems.
(For a copy of any of the following publications, please call or e-mail any of the attorneys in the Public Finance Group.)
- Borrowing Alternatives for Illinois Counties
- Local Government Debt Reform Act and Bond Issue Notification Act