Erica M. Wible
Represents automotive dealerships in buy-sell transactions, public-sector clients in tax-exempt and taxable deals, and businesses and financial institutions in commercial lending.
See full profilePublic Finance
Public financing requires careful coordination of legal, tax and disclosure requirements. We advise public entities and nonprofit borrowers on transactions that support capital projects and long-term financial goals.
Our focus
Public financing plays a critical role in helping communities invest in infrastructure and essential services. Whether financing new facilities or refinancing existing debt, you need attorneys who understand both the legal framework and the realities of public finance transactions.
We serve as bond counsel and issuer’s counsel on a wide range of public finance matters, having completed hundreds of financings under Pennsylvania’s Local Government Unit Debt Act. Our attorneys guide clients at every stage of the financing process, supporting sound financial decisions.
Public finance transactions involve far more than preparing bond documents. We counsel clients on financing structures, disclosure obligations, and tax requirements. Our experience includes competitive and negotiated financings, direct bank placements, and tax-exempt loans. We also represent issuers in IRS examinations involving tax-exempt bonds.
Our work extends beyond bond issuances. We assist clients with debt restructurings and public-private partnerships affecting your financing throughout a project’s life. The Bond Buyer has recognized our public finance practice for both Pennsylvania and national rankings in competitive bidding transactions.
We work with a range of participants in public finance, including:
- Counties and municipalities
- School districts and municipal authorities
- State agencies
- Nonprofit and tax-exempt borrowers
- Health care and higher education institutions
- Underwriters and banks
- Trustees and other financial institutions
Our work includes:
- Bond counsel and issuer’s counsel engagements
- Underwriter’s counsel
- Disclosure counsel
- Special tax counsel
- Trustee’s counsel
- Financings under Pennsylvania’s Local Government Unit Debt Act
- Competitive and negotiated offerings
- Direct bank placements
- Tax-exempt bank loans
- Fixed- and variable-rate debt
- Debt refinancing and restructuring
- Continuing disclosure and securities compliance
- IRS examinations involving tax-exempt bonds
- Public-private partnerships
- Sales and leases of public assets
Key Contacts
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Related news and insights
See recent news and insights related to this area, with more context on the developments shaping it.
Frannie Reilly ranked in Chambers USA 2026 guide for public finance in Pennsylvania
McNees Wallace & Nurick announces that Martha “Frannie” Reilly has once again been ranked Band 3 in Public Finance (Pennsylvania) in the Chambers USA 2026 guide. Chambers and Partners is a nationally and internationally respected legal ranking organization that evaluates leading attorneys through client feedback, peer evaluations, and independent research. A Chambers ranking is widely […]
McNees Pennsylvania attorneys recognized in 2026 Super Lawyers
The 2026 Super Lawyers rankings recognize nine attorneys in their Super Lawyers® and Rising Stars® lists for Pennsylvania. The attorneys span across four of the firm’s Pennsylvania offices and six practice areas. Since 1991, Super Lawyers has recognized attorneys nationwide across areas of practice, basing their Super Lawyers® and Rising Stars® lists on peer recognition […]
2026 Not-for-Profit Industry Breakfast Seminar
Public finance and nonprofit attorney Frannie Reilly spoke at Kreischer Miller’s 2026 Not-for-Profit Industry Breakfast Seminar on April 29 at the Sheraton Valley Forge Hotel in King of Prussia. The seminar brought together nonprofit leaders for fellowship and conversation, focused on key issues affecting not-for-profit organizations. Frannie works closely with nonprofit organizations to provide guidance […]
Access to the tax-exempt market: importance of maintaining tax-exempt status for nonprofits
With the federal government’s increased scrutiny of nonprofit organizations and their tax-exempt status, the impact of losing tax-exempt status must be considered when these organizations are interested in issuing tax-exempt bonds. Access to the tax-exempt market is crucial for nonprofit organizations, including colleges, universities, hospitals, and health care systems, to fund necessary capital projects. The […]