Overview

Chapman and Cutler LLP serves as bond counsel in more Illinois school districts transactions than any other firm. We represent districts in connection with the issuance of all forms of debt, including school building, life safety, working cash, funding and refunding bonds, tax anticipation warrants and revenue anticipation notes.

Our public finance attorneys frequently draft the legislation necessary for school districts to engage in innovative financing techniques. For example, the firm played a critical role in drafting the legislation that now enables school districts to issue debt certificates, alternate bonds and limited bonds.

Many Illinois school districts face a severe financial crisis. A number of school districts have experienced such a significant degree of fiscal distress that the Illinois State Board of Education created a financial oversight panel to monitor and control their finances. Each of them presented complicated and difficult credit profiles that required unique and innovative legal and financial solutions. As their bond counsel, the firm helped resolve their fiscal dilemmas and is a trusted counsel to these and other Illinois school districts.

Publications

(For a copy of any of following publications, please call or e-mail any of the attorneys in the Public Finance Group)

  • Borrowing Alternatives for Illinois School Districts
  • Borrowing Alternatives for Illinois Public Community College Districts
  • Local Government Debt Reform Act and Bond Issue Notification Act

Concentrations

People

Insights

School Districts Updates

  • Client Alert
    Changes to Illinois School District Borrowing Powers

    On June 7, Governor Pritzker signed into law House Bill 4582, Public Act 103-0591 (the “Act”). Among other items, the Act amends the School Code, the Local Government Debt Reform Act (Debt Reform Act), and the Property Tax Extension Limitation Law (PTELL).

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We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

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