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Municipalities,
counties, school districts, authorities, special districts and other
governmental entities have the authority, under the statutes, to issue
long-term and short-term debt. General obligation bonds, bond
anticipation notes and tax anticipation notes are frequently issued by
governmental entities.
In connection
with the issuance of debt, governmental entities are required to issue
Official Statements, the purpose of which is to provide certain
information relating to the issuance of the debt instruments, as well as
information on the governmental entity and its financial position.
Due to the
complexity of the laws and regulations that are relative to the issuance
of municipal debt, Bowman & Company LLP has established a formal
sub-department within the Governmental Services Department to provide
our clients with the highest level of expertise available to our
clients. We have professionals who are not only experienced in the
preparation of Official Statements, but who will also interact with
other professionals such as bond counsel and rating agencies.
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