McGuireWoods represented the Virginia Public School Authority (VPSA) to
finance school energy projects in 18 localities through the competitive sale of
$73 million qualified school construction bonds. VPSA obtained very favorable
pricing, allowing the borrowers to get a zero interest rate financing. We added
value by working with VPSA and its financial advisor to simplify and streamline
the redemption provisions relating to the bonds to make them less complicated
and more attractive to bidders of tax credit bonds.