MS&H Serves as Bond Counsel in First Maryland QECB Issuance by a Local Government

McKennon Shelton & Henn LLP is proud to have served as bond counsel in the first taxable direct subsidy Qualified Energy Conservation Bond issued by a local government in the State of Maryland.  The $4,165,000 Montgomery County Equipment Lease/Purchase Agreement (Taxable Direct Pay Qualified Energy Conservation Bond) closed on October 3, 2013. The proceeds of the bonds will be used for the purposes of financing qualified conservation projects.  

From the inception of our legal careers, McKennon Shelton & Henn LLP lawyers have been in the forefront of tax-exempt and taxable public financing in Maryland, having participated in the first issues of port facilities revenue bonds in the State; the first variable rate demand bonds; the first tax-exempt commercial paper program; the first solid waste revenue bond issue; the first publicly offered revenue bonds issued on behalf of a higher educational institution; the first tax-exempt continuing care facilities financing; the first tax-exempt pooled loan program; the first competitively bid issue in Maryland to be sold electronically; the first qualified academy zone bonds sold in the State and the first qualified school construction bonds sold in the state.