Thomas William Bruno


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  • William & Mary Law School, JD, Notes Editor, William and Mary Environmental Law and Policy Review, 2008
  • Johns Hopkins University, BA, 2003
  • Virginia

Member, Virginia State Bar

Member, National Association of Bond Lawyers

Member, Local Government Attorneys of Virginia, Inc.

T.W.'s practice focuses on public finance in the areas of state and local bonds and securities regulation. He acts as bond counsel, underwriter's counsel or lender's counsel in non-profit and governmental bond issues, including large issues over $600 million and small issues of less than $1 million.  He has experience with universities, health systems and state and local governments and authorities.  He has extensive experience with pooled bond financings.

T.W.'s experience includes a wide-range of transactions involving a number of different financing structures such as bank-qualified debt, multiple mode and variable rate issues, issues with various derivative products, taxable issues, incremental tax revenue pledges and forward-delivery bonds. He also has experience in public/private financing arrangements and in the financing of infrastructure projects involving multi-jurisdictional agreements. He also serves as special counsel in connection with equipment and energy efficiency leases and provides support to other practice groups when bond-related issues arise in connection with corporate transactions. T.W. views his role as helping his clients structure the transaction in a tax-friendly and practical manner.

In addition to his public finance practice, T.W.'s experience includes a focus on securities regulations affecting municipal bonds.  He has assisted in matters involving the SEC and FINRA.  He routinely advises clients on disclosure, diligence and Dodd-Frank issues.  He is an active member of the Securities Law Committee of the National Association of Bond Lawyers.

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Thomas William Bruno
T: +1 804 775 1853F: +1 804 440 7731Gateway Plaza
800 East Canal Street
Richmond, VA 23219-3916

Bond counsel for a non-profit health system financing involving multiple series and a multi-modal structure.

Bond and borrower counsel for a non-profit retirement community involving fixed rate bonds and direct placed bonds.

Bond counsel for a University's issuance of century bonds.

Bond counsel for a cross-over refunding of Build America Bonds.

Bond counsel for the issuance of tax credit bonds, including approximately $2.5 million in qualified energy conservation bonds, where we assisted in establishing a "green community program."

Bond counsel for a $1 million revenue anticipation note (RAN) to finance operating cash shortfalls during the fiscal year.

Underwriter's counsel for the issuance of certificates of participation to refinance improvements to continuing care retirement facilities.

Lender's counsel for a multi-jurisdictional health system financing involving six series of bonds in three states.

Bond counsel to a regional jail authority in connection with a $1.8 million tax-exempt energy lease project.

Bond counsel and special counsel to a locality in connection with the financing of a new public library. The project involved traditional general obligation bond financing as well as new markets tax credit financing that was used to leverage the public contribution to the project.

Selected for Inclusion in "Virginia's Legal Elite," Young Lawyer (Under 40), Virginia Business, 2017

Named to "Virginia Rising Stars," Bonds/Government Finance, Super Lawyers, Thomson Reuters, 2013, 2014

Recipient, "Benjamin Rice Lacy, IV Pro Bono Clearinghouse Volunteer of the Year Award," Greater Richmond Bar Foundation, 2012

Panelist, "The Role of Bond Counsel in Virginia Local Government Financings," VGFOA / SPIA Regional Supplemental Education Program, June 15, 2017
Speaker, "When Should a Not-For-Profit Borrow Money," Lorman Education Services, January 2017
Speaker, "SEC Enforcement Actions Against Local Governments and Local Government Officials," Local Government Attorneys of Virginia, October 2016
Panelist, "Identifying Uses for Unspent Bond Proceeds," SNAP Users Conference, September 2014
Panelist, "Your Role in Tax-Exempt Financings," Virginia Industrial Development Authorities Institute Conference, May 2014, 2016, 2018