Orrick lawyers have extensive experience in the issuance of tax-exempt bonds to finance public schools and private colleges and universities and student loans.
Over the past eight years, Orrick has served as counsel or bond underwriters over 400 problems with concentration of over 23 billion dollars on behalf of colleges and universities. These include the Regents of the University of California and California State University administrators (who constantly need capital for more than 30 campuses, satellite campuses and research stations), more than 30 private institutions of higher education institutions in California and in other states. Among private institutions of higher learning in California with whom we worked are: The American Film Institute, California College of Arts and Crafts, California Lutheran University, California Western School of Law, Chapman University, Claremont six colleges ( Pitzer, Scripps, Harvey Mudd, Pomona, Claremont McKenna College, Claremont and Central) College of Notre Dame, Dominican College of San Rafael, Golden Gate University, Humphreys College, Loyola Marymount University Menlo College, Mills College, "Monterey Institute of International Studies, National University, College Occidental, Pepperdine University, College Point Loma Nazarene, The Conservatory of Music San Francisco, Santa Clara University, St. Mary's College of California, Stanford University, University of La Verne University of the Pacific University of Redlands University of San Diego University of San Francisco, the University of Southern California, and Westmont College. In addition, we are one of the lawyers of the regular bond Dormitory Authority of the State of New York, which manages the tax-exempt financing for the majority of private education in the State of New York.
We have been involved with the financing arrangements that include a variety of financing techniques and structures, including, for example, the traditional fixed-rate debt, floating rate debt, commercial paper, fixed payment of debt refinancing options, bonds, certificates of participation, mutual funds, "behalf" (63-20), a company issues a non-profit tax-exempt debt is taxable and tax exempt, new sources of income ( including, for example, income indirect cost recovery and income classes for non-resident students), derivatives and private placements of debt unrated. Facilities supported include the improvement of each type of capital seen in the campus, such as research facilities and laboratories, educational institutions, data processing and telecommunications, infrastructure and cogeneration facilities, hospitals education, libraries, sports and recreation, libraries, parking, student centers, health centers for students and for students, faculty and staff housing.
Orrick lawyers have also had extensive experience with loan programs to students, both those based on federal securities and other programs that do not provide such guarantees. Since 1985, Orrick has been involved in debt issues over 325 students in total more than $ 16 billion. We currently serve as adviser on to:
* Dormitory Authority of the State of New York
* Student Education Loan Marketing Corporation (formerly California Student an Finance Corporation)
* Student Loan Fund of Idaho Marketing Association, Inc.
* Indiana Secondary Market for Education Loans, Inc.
* Rhode Island Student Loan Authority
* Vermont Student Assistance Corporation
* Wyoming Student Loan Corporation
We also serve as underwriter's counsel on student loan financings of:
* Arizona Educational Loan Marketing Corporation
* California Higher Education Loan Authority
* Colorado Student Obligation Bond Activity
* Iowa Student Loan Liquidity Corporation
* Missouri Higher Education Loan Authority
* State Board of Regents of the State of Utah
* Tennessee Volunteer State Student Funding Corporation
Written By jeremy hunk on Wednesday, June 16, 2010 | 6:38 AM