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Mitchell Rapaport



Mitch Rapaport is a partner in the firm focusing in tax issues related to public finance and infrastructure finance transactions. During more than 35 years in practice, Mr. Rapaport has participated in a wide variety of tax-exempt financings, with an emphasis on public-private partnership transactions and other project financings. Mr. Rapaport has worked on numerous public power financings; stadium and convention center transactions; and education, infrastructure and other industrial projects.

What do you focus on?

Having worked for the U.S. Treasury and IRS and in private practice, I focus my work on three main areas, to assist clients in complex tax-exempt finance transactions and related matters.

  • I have represented many different types of issuers of tax-exempt bonds in structuring their transactions to comply with the federal tax rules, including cities, counties, states, public power systems and universities.
  • I have worked with investment banks, financial advisors and project developers in putting together financings to maximize the use of tax-exempt debt, particularly in projects that involve governmental and private entities working together.
  • I have also done a great deal of work on legislative, regulatory and IRS enforcement matters involving tax-exempt finance on behalf of state and local governments, associations, investment banks and investors.

What do you see on the horizon?

I see an increasing interest in governmental entities and private companies working together to develop and finance critical infrastructure, particularly with respect to roads, bridges, airports and other transportation facilities, while maximizing the use of tax-exempt bonds to finance these projects. We have worked with a variety of industry participants in developing financing structures to meet these goals.

Puerto Rico's restructured bonds will be exempt, and provide fresh high-yield liquidity

The Bond Buyer | March 03, 2022

This article on Puerto Rico’s restructured general obligation bonds mentions NP for the firm’s determination that the bonds will be tax-exempt. The NP team is comprised of New York City partners Virginia Wong, Ken Lind, and Liz Columbo, and associate Sebastian Torres; Washington, DC partners Mitch Rapaport and Carla Young; and Los Angeles partner Angelica Valencia, all of the Project Finance & Public Finance group.

Santee Cooper approves $1.3 billion tender, exchange bond refunding

The Bond Buyer | February 09, 2022

This article on Santee Cooper’s board approving a $1.3 billion tender and exchange bond refunding mentions the firm for serving as disclosure counsel. The NP team representing the South Carolina-owned utility company includes partners Liz Columbo, Virginia Wong, and Barry Rothchild of New York, Mitch Rapaport of Washington, DC, and New York counsel Abigail Olsen and associate Sebastian Torres-Rodriguez, all of the Project Finance & Public Finance group. Washington, DC Corporate partner Lloyd Spencer and Los Angeles Project Finance & Public Finance partner Dan Deaton assisted with the analysis of securities laws related to the tender and exchange.

Virginia toll road refinancing bonds

Inframation News | January 11, 2022

This article on the refinancing of Elizabeth River Crossings’ bonds, which were used to modernize a river tunnel system in Virginia, mentions the firm for the work by New York City partners Virginia Wong and Roddy Devlin and Washington, DC partner Mitch Rapaport, all of the Project Finance & Public Finance group, for serving as bond counsel.

Contact

Mitchell Rapaport

Partner

Washington, DC

Phone: 202-585-8305


Fax: 202-585-8080

Georgetown University, LL.M.

George Washington University, J.D.

Hofstra University, B.A.

New York

District of Columbia

Mitch was selected, through a peer-review survey, for inclusion in The Best Lawyers in America® 2022 in the field of Public Finance Law. Mitch has been listed in Best Lawyers since 2008, and was named Best Lawyers® 2014 and 2019 Public Finance Law “Lawyer of the Year” in Washington, DC.

Mitch Rapaport is an active member of the National Association of Bond Lawyers, the New York State Bar Association, and the District of Columbia Bar.

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