Federal Government Finance

Since its founding, Chapman and Cutler LLP has been one of the most experienced law firms in the nation for public and corporate finance. The Federal Government Finance Group is a natural extension of the firm's traditional public and corporate finance practice. Chapman and Cutler regularly represents underwriters, institutional investors and federal contractors in numerous federal government finance transactions of varying size and complexity, including transactions that involve the General Services Administration, the United States Department of Energy, the United States Department of Defense, the United States Armed Forces, the Federal Bureau of Investigation, the United States Postal Service and other federal offices and agencies.

Members of the Federal Government Finance Group regularly review and analyze the federal governmental office or agency that is party to the particular transaction to determine whether its related obligation is a full faith and credit obligation of the federal government or whether such obligation will be subject to annual appropriation. The Federal Government Finance Practice Group also regularly provides guidance to participants of federal government finance transactions regarding the complex intricacies of the Federal Acquisition Regulations and reviews federal government transactions for compliance with the Assignment of Claims Act. In addition, the Federal Government Finance Practice Group reviews federal government transactions to determine whether the securities being offered are exempt securities under the Securities Act of 1933 (as amended).

One of the strengths of our Federal Government Finance Group is the dedication of the attorneys who devote substantial time and energy to this practice area. The breadth of experience of the attorneys who comprise the Federal Government Finance Group makes them well suited to offer first class legal advice to participants in federal government finance transactions of all types.

Related Practices

Representative Transactions

• $101.8 million construction and permanent financing of a 39-megawatt cogeneration plant that will be located at the U.S. Navy base in Yokosuka, Japan
• $13.2 million innovative financing of the Grande Devali Lodge and Hotel, that was 90% guaranteed by the Bureau of Indian Affairs and backed by the full faith and credit of the U.S. Government
• $165 million construction and permanent financing of a 348,031 sq. ft. build-to-suit, Class A office building that is leased to the Central Intelligence Agency and occupied by the Office of Director for Homeland Security
• $60 million construction and permanent financing of the build-to-suit headquarters for the Federal Bureau of Investigation’s Northern Virginia Resident Agency
• $135 million full recourse debt transaction for the United States Army Hospitality Cash Management Fund
• $18.9 million lease financing of the main branch of the U.S. Postal Service located in a major metropolitan area
• $144 million lease financing of the main branch of a U.S. federal agency
• $9,417,000 asset securitization of receivables due from U.S. Department of Energy
• €6,607,000 Euros-denominated asset securitization of receivables due from U.S. Army for projects located in Hanau, Kaiserlautern and Wiesbaden, Germany
• $12,733,000 asset securitization of receivables due from the U.S. Army for various projects at one of its major U.S. installations
• $20 million lease financing of the administration building by Drug Enforcement Agency of the U.S. Government
• $48,268,000 asset securitization of receivables due from U.S. Army Engineering and Support Center on behalf of itself and various departments and agencies of the United States Government for a large Air Force Base
• $20 million lease financing of administration headquarters for the Center for Disease Control
• $13.8 million asset securitization of receivables due from the U.S. Department of Energy on behalf of itself and various department and agencies of the United States Government for the Veterans Integrated Services Network - 7
• $15 million lease financing structured in trust issuing trust certificates secured by credit tenant lease of administration building for Federal Bureau of Investigation
• $24,249,000 asset securitization of receivables due from the U.S. Department of Energy and the U.S. Defense Energy Support Center for a major U.S. Army base
• $11 million lease financing of an administration building of the Federal Bureau of Investigation of the U.S. Government located in a large U.S. city
• $18 million Guaranteed Trust Certificates back by a federal contract receivable from the United States Department of Agriculture relating to a contract to provide airborne firefighting services to the United States Forest Service, which Guaranteed Trust Certificates are also secured by aircraft mortgages in the contractors fleet of aircraft that are used in connection with the federal contract to fight forest fires.