Jim Montes concentrates his practice in public and project finance. He has been involved in public offerings, Rule 144A offerings and private placements. He has served as bond counsel and underwriter’s counsel in connection with tax-exempt and taxable bond financings. He also leads Nixon Peabody’s New York State GO practice serving local municipalities as bond counsel. His legal experience is enhanced with over 20 years in the banking industry prior to becoming an attorney, 13 years of which were as a commercial lender.
What do you focus on?
General Obligation Issuers.
I serve as bond counsel for a number of New York State counties, cities and villages in their issuance of general obligation bonds and notes to finance various governmental capital expenditures. In addition, I serve as bond counsel to school districts assisting with their issuance of tax anticipation notes.
Commonwealth of Puerto Rico.
I am an integral member of the firm’s practice in the Commonwealth of Puerto Rico. I participate in many of the bond transactions handled by Nixon Peabody for the Commonwealth of Puerto Rico and its authorities, including as bond counsel for a recent $2 billion transaction for the Puerto Rico Aqueduct and Sewer Authority. Additional representations include the Puerto Rico Highway and Transportation Authority, Children’s Trust Tobacco Settlement Asset Backed Bonds and the Puerto Rico Public Finance Corporation. I also served as underwriter’s counsel for the Puerto Rico Housing Finance Agency’s Capital Fund Modernization Program Subordinate Bonds, Series 2008 (Bond Buyer’s 2008 Deal of the Year).
Electric and water utilities
I have participated in numerous transactions involving water and power on Long Island. In addition, I participate in various bond transactions for electric utilities throughout the United States, including in the states of California, Florida, Wisconsin and the Commonwealth of Puerto Rico. Most recently I served as underwriter’s counsel for a Louisiana electric authority in a tax-exempt transaction to finance the design, acquisition and construction of a new natural gas-powered generating plant.
I am member of the firm’s Pro-Bono Committee and the New York City Recruiting Committee, and the chairman of the firm’s Hispanic Affinity Network.
What do you see on the Horizon?
My general obligation and utility clients are looking for ways to meet ratepayers’ and taxpayers’ needs while minimizing the need to increase rates and taxes. We anticipate utilizing a range of innovative financing techniques to help them minimize financing costs while also managing risk.