Featured Client Spotlights

CLIENT SPOTLIGHT: Factory Five Racing

Factory Five Racing was founded in 1995. Over the years they have grown from a start-up business in a small garage to become the world's largest manufacturer of "build-it-yourself" component car kits. They employ a full-time crew of about 40 people, and are located in Wareham, Massachusetts (about an hour south of Boston). They make their products right here in the USA, in the heart of New England where American manufacturing was born.
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        Public Finance & Governmental

        Click here for current COVID-19 information and resources regarding Public Finance.

        Bond Counsel, Underwriter's Counsel, Issuer's Counsel

        The Public Finance & Governmental Practice Group is involved in the issuance of tax-exempt securities in the State of Rhode Island. The Firm is one of few in Rhode Island and Southeastern Massachusetts listed as a nationally recognized bond counsel. We serve as bond counsel, underwriter’s counsel and issuer’s counsel in connection with the issuance of tax-exempt securities for the State of Rhode Island and a number of its agencies and local communities. Attorneys in this group work with all of the principal fiscal advisors in Rhode Island, and have successful dealings with major underwriters, bond insurers and rating agencies on a national level. They structure precedent-setting and unique revenue obligation bond issues designed to comply with the State of Rhode Island’s complex constitutional and statutory debt limitation provisions.

        We were also instrumental in the creation of the Rhode Island Refunding Bond Authority, the first in the nation to issue state authority revenue bonds to advance refund general obligations of a state. This innovative financing transaction resulted in saving millions of dollars for the State’s taxpayers.

        The Firm has acted as bond counsel to the State of Rhode Island on the first rated lease participation certificate issue in the State’s history. Our attorneys have been instrumental in drafting legislation and providing the legal rationale to support the creation of municipal public building authorities.


        • Recognized as a Metropolitan Tier 1 Law Firm by U.S. News - Best Lawyers in the area of Public Finance Law

        COVID-19 Public Finance Advisory
        • August 31, 2021 - Tthe IRS issued Revenue Procedure 2021-39, which allows issuers of tax-exempt private activity bonds to continue to hold TEFRA hearings via teleconference through March 31, 2022. Read more.
        • July 22, 2020 - Two bills have recently been introduced in the U.S. Senate to help state and local bond issuers deal with the financial hardships caused by COVID-19. Click here to read more.

        Public Finance & Governmental

        Representative Publications