General Obligation Bonds

We are one of the foremost bond, disclosure and underwriter’s counsel on general obligation bonds and notes throughout the country, serving local issuers of general obligation debt in New York, Massachusetts, California, Virginia, New Jersey, the Commonwealth of Puerto Rico and beyond.

Our approach

“G.O.s,” once the “safe bets” of the market, are now regarded with caution by investors and lenders—which is unsurprising, given the recent well-publicized municipal bankruptcies. Going to market with these bonds requires a legal team at your side that understands the rules, sees what’s coming next and ensures you avoid the pitfalls.

As bond counsel, our full range of services includes the following:

  • Examining applicable law
  • Participating with the issuer and its financial advisors in structuring financings
  • Preparing authorizing resolutions
  • Preparing the closing documents and notes or bonds
  • Reviewing certified proceedings
  • Rendering legal opinions on the authorization, issuance and tax-exempt status of notes and bonds
  • Preparing and filing any informational tax returns
  • Ongoing consulting with the various parties to financing transactions, including day-to-day questions from municipal personnel on matters relating to existing or proposed issues.

We prepare, review and deliver all the required standard documentation in a timely and professional manner. From authorizing resolutions and disclosure documents to escrow agreements, arbitrage certificates and more, we keep our clients on track and up to date with the latest rules and regulations.

Who we work with

  • State and local governments
  • Local Development Authorities
  • Underwriters
  • Lenders and Credit Providers

Recent experience

  • Experience in New York State: With firm origins in New York State, and with five offices within the state, we have particular experience in all areas of New York general obligation bond practice, including the constitutional, statutory and case law limitations imposed on New York municipalities in their issuance of debt.
  • The County of Loudoun, Virginia: Nixon Peabody has served as bond counsel on numerous transactions since 1999 for this county of approximately 375,000. Our engagements have included issues of general obligation bonds, lease revenue bonds, participations in state pool financings, and transportation financings.
  • The Village of Ilion, New York: Nixon Peabody has served as Bond Counsel to the Village of Ilion since 2010 representing the Village with various Bond Anticipation Note and bond issuances. In a recent bond issuance for the Village we worked with local elected representatives to pass legislation to permit the Village to finance certain items for periods longer than permitted by Section 11.00 of the Local Finance Law. This provided the Village with additional time to repay the bonds and lessen the burden on the Village’s constituents.
  • The City of Plattsburgh, New York: Nixon Peabody has served as Bond Counsel to the City of Plattsburgh for a number of years representing the City of Plattsburgh in the issuance of various Bond Anticipation Note and Bonds.
  • The County of Seneca, New York: Nixon Peabody has served as Bond Counsel to the County of Seneca since 2005 representing the County on various issuances of general obligation bonds and refunding bonds.

DASNY sells over $2.5B of PIT bonds; munis unchanged in face of large supply

The Bond Buyer | October 08, 2020

This article on the state of the municipal bond market covers the Dormitory Authority of the State of New York’s sale of almost $2.5 billion of personal income tax receipt bonds. The firm is mentioned as bond counsel for the work by New York partners Chris Reitzel and Virginia Wong, and associates Adam Gordon and Kate Stack; Albany counsel Jeff Pohl; and Washington, D.C. partner Bruce Serchuk and associate Joel Swearingen, all of the Project Finance & Public Finance group.

Top Q3 muni bond counsel

The Bond Buyer | October 16, 2019

This quarterly article on municipal bond counsel rankings lists Nixon Peabody for ranking in the top 10 bond counsel firms for the first three quarters.


William F. Weir


Phone: 585-263-1509

Daniel M. Deaton


Phone: 213-629-6050

Virginia Wong

Practice Group Leader, Project Finance and Public Finance

Phone: 212-940-3028

  • Named by U.S. News/Best Lawyers 2021 as ‘Law Firm of the Year’ for Public Finance Law
  • Recognized by U.S. News/Best Lawyers 2020 as a National Tier 1 leader for Public Finance Law
  • Recognized by U.S. News/Best Lawyers 2020 as a Metro Tier 1 leader for Public Finance Law in Chicago, Los Angeles, Rochester, and Washington, DC
  • Recognized by U.S. News/Best Lawyers 2019 as a National Tier 1 leader for Public Finance Law
  • Consistently ranked Top 10 in bond counsel, underwriter’s counsel, disclosure counsel, and special tax counsel by Thomson Reuters
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