New California Debt Financing Guide for Public Agencies

Public Finance Alert
June.13.2019

The California Debt and Investment Advisory Commission (CDIAC), in partnership with Orrick's Public Finance Group, recently published its California Debt Financing Guide (the "Guide"). The Guide offers an approach to understanding the responsibilities and obligations of issuers and the elected and appointed officials who are ultimately responsible for the use of debt financing by their agency. It also provides a comprehensive discussion of the legal and statutory requirements for debt issuance while employing a framework that supports the deliberative process issuers undertake before, during, and after issuing debt.

The Guide is produced in an interactive, electronic format that can be accessed here.

Authors

Stephen Spitz Partner, Public Finance

San Francisco

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D:+1 415 773 5721
E: [email protected]

Practice:

Finance Sector
Public Finance

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Stephen Spitz Partner

San Francisco

Steve serves as bond counsel, disclosure counsel and underwriters’ counsel in a variety of municipal enterprise revenue bond issuances, including financing for water, wastewater, solid waste and airport facilities. His practice is, in addition, focused on single family and multifamily affordable housing financings. Steve also has extensive experience in higher education financings, interest rate swaps and swap based products in the municipal market. He often assumes a leading role in bond and disclosure work for new and complex clients.