The Municipal Finance Division serves as counsel to the City on all bond transactions. New York City is one of the largest issuers of municipal bonds in the country. The proceeds of its debt issuances finance capital projects that impact virtually every aspect of City life. The City issues debt through its general obligation bonds and through authorities and local development corporations. Additionally, State agencies issue debt on behalf of the City. Each year, the Division oversees billions of dollars in financial transactions. The Division also performs corporate governance work for the City’s debt issuing authorities and local development corporations.
What New Attorneys Do
New attorneys who join the Division will initially be expected to prepare legal memorandum on issues of interest to the Division, assist in the preparation of legal documents and participate in bond closings. The goal of the first two years of service is to provide the attorney with a comprehensive view of the City’s municipal finance programs and the law related thereto.
What Fall and Spring Semester Interns Do
Fall and spring semester interns will be assigned to review, analyze, and summarize federal, state and local disclosure laws, as well as research and draft legal memos on specific projects regarding issues related to the issuance of New York City GO bonds and revenue bonds issued by City authorities and other not-for-profit corporations connected to the City. Interns will also have the ability to participate in bond closings, including due diligence calls, printer sessions, bond pricings and other meetings governing the City’s complex capital programs.