From time to time new sources of financing are made available to all or specific units of governments. Shanahan & Shanahan LLP assist, counsel and provide interpretation for such governmental units so that they may react to, and take advantage of, any new legislation or financing program. For example, the American Reinvestment and Recovery Act of 2009 has provided governmental and private entities new opportunities through new Build America Bonds, Qualified School Construction Bonds, Recovery Zone Facility Bonds and Recovery Zone Economic Development Bonds.
Shanahan & Shanahan has facilitated the issuance of new, taxable Build America Bonds, has assisted and counseled counties in designating areas as Recovery Zones, has advised and participated in the allocation process under the Recovery Zone program, and has assisted school districts in participating in the Qualified School Construction Bond program.