Travis Gibbs

Travis Gibbs is a partner in the Public Finance group with a practice specialty relating to the tax law requirements attendant to tax-exempt debt. His client base and experience includes the entire spectrum of tax-exempt debt types and structures and related instruments, including revenue bonds, general obligation bonds, certificates of participation, tax and revenue anticipation notes, tax assessment bonds and interest rate swaps and other derivative products.

What do you focus on?

I am responsible for the tax law aspects and concerns of each category of client for which we work in the municipal finance arena, including general governments (cities; counties; and school, college and hospital districts), proprietary governmental agencies (maritime ports; airports; and water, electric and sewer utilities), conduit issuers, conduit nonprofit borrowers and underwriters. Within that broad range of activity, my practice has recently involved significant activity in the following areas.

Direct Purchase Bonds

I have been involved as bond counsel or borrower’s counsel in a number of transactions structured as direct purchases by financial institutions. Many of these transactions involve nonprofit borrowers but also include governmental entities.


Our team and I have recently been involved in a significant number of transactions relating to the financing of general infrastructure, ranging from surface transportation, mass commuting, airport and port, and water and electric utility infrastructure.

Tax Law Compliance

As a result of increased initiatives and audits by the IRS, I have been recently involved with assisting issuers and borrowers with crafting procedures for ensuring compliance and with training. We have also been active in assisting with audits and voluntary compliance agreements where there has been inadvertent noncompliance.

What do you see on the horizon?

The need to address our aging infrastructure will result in continued and increased activity in the financing of infrastructure projects, including continued interest in identifying opportunities for joint efforts with the private sector.

In addition, the post issuance compliance focus will continue for some time, both in the context of training and compliance procedure development and in enforcement actions such as audits.

SFO prepares bond refunding as airport rides out pandemic

Bond Buyer | July 30, 2020

This article about San Francisco International Airport (SFO) and its preparations for a $291 million bond refunding deal mentions NP as disclosure counsel. San Francisco partner Travis Gibbs and Los Angeles partner Dan Deaton and counsel Heather White, all of the Project Finance and Public Finance Group, advised on this matter.

New remedial actions for tax-advantaged bonds and P3s

Law360 | April 19, 2018

Nixon Peabody public finance partners Travis Gibbs of San Francisco and Mitch Rappaport, Bruce Serchuk and Carla Young of Washington DC co-wrote this analysis on the new IRS procedures that can be used “to cure impermissible use of bond-financed projects.”


Travis Gibbs


San Francisco

Phone: 415-984-8336

Fax: 866-599-4729

University of Texas at Austin, J.D.

University of Florida, B.A.


Travis was selected, through a peer-review survey, for inclusion in The Best Lawyers in America© 2020 and 2021 in the field of Public Finance Law.

Travis Gibbs is a member of the American Bar Association, Section of Taxation, Tax-Exempt Committee (Past Secretary), Past Member, Steering Committee for the Bond Attorneys Workshop sponsored by the National Association of Bond Lawyers, and a member of the National Association of Bond Lawyers.

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