Chapman and Cutler LLP provides counsel on a wide array of public debt obligations. They include long-term bonds to finance fundamental capital projects and short-term warrants to cover imminent cash flow needs. They may be secured by a specific, limited revenue source or by a full faith and credit tax levy. They may be issued for traditional governmental purposes or provide incentives to private enterprise. They may have long-term fixed interest rates or short-term variable rates. In each case, they help fund our public infrastructure and the operations of state and local government.