David M. DiSegna
David focuses his practice in the area of public finance. He serves as bond counsel to numerous governmental entities, underwriter’s counsel, purchaser’s counsel, and borrower’s counsel. He has been involved in the issuance of over $3 billion in tax-exempt securities in various types of transactions, including public offerings, direct bank purchases, and conduit issuances for both new money and refinancing of existing debt, as well as tax-exempt lease financing transactions.
David has also provided legal advice to public entities with respect to the financing, construction, and operation of various types of public projects, including water and sewer facilities, solid waste facilities, and municipal buildings, pursuant to design-build, design-build-operate, and operation/maintenance contracts.
David’s practice also includes representing businesses and non-profit entities in financings, asset purchases, as well as general corporate governance and compliance matters. Prior to beginning his practice, David served as a law clerk to The Honorable Francis X. Flaherty of the Rhode Island Supreme Court.
Practice Areas
Education
Roger Williams University School of Law, J.D., magna cum laude Articles Editor, Law Review
Boston University, B.A., magna cum laude
Bar Memberships
Rhode Island
Massachusetts
New York
Professional Affiliations
- National Association of Bond Lawyers
- Rhode Island Bar Association
Boards
- Rhode Island Catholic Cemeteries Advisory Board
- St. Mary’s Feast Society
Representative Transactions
- David served as bond counsel to the State of Rhode Island for its 2019 issuance of $221,150,000 of General Obligation Bonds. The issuance included three series of bonds, two of which were tax-exempt and the third federally taxable. The taxable series was competitively sold, and the tax-exempt bonds were sold through a negotiated sale and issued in minimum denominations of $1,000 to allow for greater retail investment. The bonds provided financing for numerous projects within the State, including $70,000,000 for school construction. The issuance also included a tax-exempt advance refunding of $80,000,000 in outstanding taxable, direct payment tax credit Recovery Zone Economic Development Bonds issued in 2010, which resulted in over $6.7 million in debt service savings for the State.
- David served as bond counsel for the Rhode Island Convention Center Authority’s $45 million, 2018 Series A Bonds, which were issued to finance the parking garage and related commercial and retail space adjacent to the Garrahy Courthouse in Providence. David was also bond counsel to the Convention Center Authority for the issuance of its $68,720,000, 2017 Series A Refunding Revenue Bonds, which will provide over $5.7 million in net present value savings for the Authority.
- David acted as co-bond counsel for the Rhode Island Commerce Corporation’s issuance of its Series 2016A Grant Anticipation (GARVEE) Refunding Bonds and Series 2016B GARVEE Bonds, which were issued under the State’s RhodeWorks program and provided almost half a billion dollars of financing to fund road, bridge and other transportation projects within the State.
Representative Publications
- IRS Permanently Allows TEFRA Hearings by Teleconference March 21, 2022
- IRS Issues Final Regulations on Transition from IBORs to Other Reference Rates January 25, 2022
- The Infrastructure Investment and Jobs Act Adds New Categories of Qualified Private Activity Bonds November 16, 2021
- IRS Extends the Time Period for Holding TEFRA Hearings by Teleconference September 1, 2021
- American Rescue Plan Expands Employee Retention Credits and Provides Relief for Restaurants March 15, 2021
- Coronavirus Relief Bill Renews and Brings Changes to PPP and EIDL Programs December 22, 2020
- Congress Extends CARES Act Unemployment Insurance December 22, 2020
- Congress Reaches a Deal on a $900 Billion Pandemic Relief Bill December 21, 2020
- SBA Provides New Guidance on Loan Necessity Questionnaires for PPP Loan Recipients: Prepare Now or Risk Being Denied Forgiveness December 11, 2020
- Governor Raimondo Announces Grants Available for Businesses Affected by Early Shutdown Order November 11, 2020
- SBA Announces Loan Necessity Questionnaires for PPP Loans of $2 Million or Greater November 10, 2020
- Rhode Island Commerce Revises Eligibility Criteria for “Restore RI” Grant Program September 21, 2020
- Applications for Restore RI Grants Will Begin on August 3, 2020 July 31, 2020
- Two Bills Introduced in the U.S. Senate to Aid Bond Issuers July 22, 2020
- Governor Raimondo Announces “Restore RI” Grant Program for Small Businesses 17 July 2020
- Federal Reserve Board Expands Municipal Liquidity Facility Eligibility June 15, 2020
- Congress Passes Legislation to Provide More Flexibility for PPP Loan Recipients June 4, 2020
- New Interim Final Rule Answers Some Questions Concerning the Paycheck Protection Program May 5, 2020
- What Businesses Should Know About The PPP Good Faith Certification April 30, 2020
- Senate Approves Additional Funding for CARES Act Program April 22, 2020
- Congressional Bill Would Expand The Ability To Issue Bank Qualified Tax-Exempt Bonds Partridge Snow & Hahn Client Alert, September 3, 2019
- IRS Provides Guidance On Current Refunding Of Bonds Issued Under Targeted Bond Programs Partridge Snow & Hahn Client Alert, June 7, 2019
- IRS Private Letter Ruling Provides New Guidance On Calculating Economic Life of Certain Bond-Financed Assets Partridge Snow & Hahn Client Alert, May 31, 2019
- IRS Issues New Regulations Governing TEFRA Approvals of Tax-Exempt Private Activity Bonds Partridge Snow & Hahn Client Alert, January 8, 2019
- IRS Clarifies Its Stance on Tax-Exempt Advance Refundings After the Tax Cuts and Jobs Act Partridge Snow & Hahn Client Alert, December 17, 2018
