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Douglas E. Lamb
Partner 
One James Center
dlamb@mcguirewoods.com901 East Cary Street Richmond, Virginia 23219-4030 F: 804.698.2272    |
Mr. Lamb represents issuers, borrowers, developers, underwriters and lenders in a range of transactions using tax-exempt and commercial debt. He has handled matters in more than 40 states.
He has significant experience handling tax-exempt financing for economic development, solid waste, renewable energy (including biomass and biogas) and energy efficiency projects, and financing structures involving leases, public-private partnerships, new markets tax credits and other federal and state incentives. He represents and negotiates with participants of all types in these transactions, such as local, state and federal governmental issuers and sponsors, banks and financial institutions, lenders and lessors, equity investors, credit enhancers, rating agencies, nonprofit and for profit borrowers, lessees and guarantors, contractors, accountants and technical and feasibility consultants.
Many of the projects he handles are non-rated non-recourse project financings that require equity capital investment and the creation of special purpose governmental and corporate entities as well as negotiation of the agreements to secure the land, revenue, financing and capital for such projects. As a result, he regularly teams with his partners in the tax, energy, real estate and corporate departments and brings a true team approach to his work on behalf of clients.
- Bond, special tax and special corporate counsel for a tax-exempt solid waste bond borrower with more than $2 billion in outstanding fixed and variable rate tax-exempt debt supported by letters of credit and corporate guarantees, including related federal securities reofferings and remarketings, debt restructurings and redemptions, asset divestitures and loan assumptions.
- Bond, borrower's, underwriter's and placement agent's counsel on a variety of tax-exempt exempt facility, industrial and economic development, manufacturing and qualified 501(c)(3) bond issuances, including sewage facility, solid waste disposal, gulf opportunity zone and recovery zone facility bonds, non-recourse financings, and transactions secured by third party credit enhancers, related and unrelated party guarantors, mortgages, leases, project assets and other collateral.
- Lender's, lessor's and bond counsel on issuances of clean renewable energy, qualified school construction bonds, qualified energy conservation bonds, and qualified zone academy bonds for a range of governmental credits and borrowers employing general obligation, moral obligation and gross and net revenue pledges, various subsidies, including state and federal tax credits, grants and direct-payments, and for projects, such as energy efficiency, hydroelectric, anaerobic digestion, open and closed-loop biomass, solar, wind, landfill gas, municipal waste and geothermal.
- Bond counsel on an investment grade rated project finance landfill gas solid waste disposal revenue bond secured solely by the revenues on the facility and other borrower collateral.
- Lessor's counsel on energy efficiency projects throughout the United States using master purchase agreements, guaranteed savings arrangements and other energy service contracts and models.
- Counsel to underwriters, developers, localities, and local and regional authorities on governmental transactions employing special assessment and tax increment financings, with experience in public and private higher education and state level transportation financings.
- Counsel to developers, borrowers, lenders and governmental sponsors in public private partnership financings and new markets tax credit transactions.
- Administrative Law in West Virginia, Young Lawyers Handbook for the West Virginia State Bar Association, 1999
- "Understanding Energy Development - Market Perspective," Council for Development Finance Agencies, Intro Energy Finance Course, Webinar, July 2011
- "Municipal Renewable Energy Generation: Financing Challenges and Solutions," The Bond Buyer's Symposium on Public Financing of Renewable and Sustainable Energy, Chicago, Illinois, May 2011
- "Best Practices: Energy Finance in Action - Municipal Energy Efficiency & Renewable Energy - Financing Considerations and Structures," Council for Development Finance Agencies, Annual Summit, Boston, Massachusetts, May 2011
- "Tax Credit Bonds," National Association of Bond Lawyers, Bond Attorneys' Workshop, San Antonio, Texas, October 2010
- "Examining Potential Project Scenerios - Addressing Critical Questions: What is a Qualified Conservation Purpose" and "Bond Financing Mechanisms for Public and Private Energy Projects," Council for Development Finance Agencies, Introduction to Energy Finance Course, Washington, D.C., September 2010
- "Bringing a Sustainable Credit to Market," The Bond Buyer's Financing Sustainable Energy and Efficiency Conference, Houston, Texas, May 19-20, 2010
- "Clean Renewable Energy Bonds and Qualified Energy Conservation Bonds: Opportunities and Challenges," Clean Energy States Alliance, Webinar, March 26, 2010
- "Municipal Tax-Credit Bonds - The Evolution of a New Security," National Federation of Municipal Analysts, Advanced Seminar on Tax-Backed Bonds and Federal Intervention, Reform, and Influence Over the Municipal Market, West Palm Beach, Florida, February 11-12, 2010
- "Tax Credit Bonds," National Association of Bond Lawyers, Bond Attorneys' Workshop, Phoenix, Arizona, October 2009
- "Making a Market for Tax Credit Bonds, Municipal Finance in the Stimulus ERA," The Bond Buyer, Washington, D.C., September 30, 2009; Chicago, Illinois, October 7, 2009
- "Renewable Energy Bond Financing after the 2009 Stimulus Act: Targeting CREBs, New CREBs and QECBs," Council for Development Finance Agencies, Development Bond Finance Course, Washington, D.C., September 2009
- "The Stimulus Act of 2009: Structures, Strategies and Opportunities," Virginia Local Government Finance Officers Association, Spring Conference, June 2009
- "Renewable Energy Bond Financing after the 2009 Stimulus Act: Structures, Strategies and Opportunities," Council for Development Finance Agencies, Annual Summit, May 2009
- "Economic Stabilization Act - Energy Tax Credit Bond Provisions," 12th Annual Landfill Methane Outreach Program Conference and Project Expo, January 2009
- "General Rules for Governmental and Private Activity Bonds," Council for Development Finance Agencies, The Industry Primer: Development Bond Finance Course, September 2008
- "Clean Renewable Energy Bonds," Council for Development Finance Agencies, Annual Summit, April 2008
- "Comprehensive Agreement from the Developer's Prospective," Public Private Partnerships Seminar, February 2008
- "Financing Alternatives," Public Private Partnerships Seminar, February 2008
- "Clean Renewable Energy Bonds - The Next Steps," 11th Annual Landfill Methane Outreach Program Conference and Project Expo, 2008
- "The Latest on Clean Renewable Energy Bonds," 10th Annual Landfill Methane Outreach Program Conference and Project Expo, 2007
- "Economic Development Tools for Virginia Localities," 2004
- "Bond Basics: Virginia State Law Requirements for the Issuance of Bonds," Virginia Local Government Attorneys Association, 2003
- "Legal Requirements in the Rate Setting Process for Local Utilities," Virginia Resources Authority, 2002
- Virginia Army National Guard, Captain (last rank), 1993-2001
- Virginia State Bar
- Virginia Bar Association
- West Virginia State Bar
- National Association of Bond Lawyers
- Local Government Attorneys of Virginia
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EDUCATION University of Richmond, Richmond, Virginia, J.D., 1998 Washington & Lee University, Lexington, Virginia, B.A., 1993 FRATERNITIES OR SORORITIES Phi Kappa Sigma ADMITTED Virginia 2000 West Virginia 1998 PLACE OF BIRTH Oklahoma City, Oklahoma |