Thomas William Bruno


Related Content

  • 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 federal, state and local taxation. He acts as bond counsel, underwriter's counsel or issuer's counsel in governmental bond issues, including general obligation, revenue and "subject to appropriation" financings for water and sewer projects, public schools and roads, commuter rail and other transportation facilities, and in tax-exempt financings for nonprofit organizations, including private elementary and secondary schools, and healthcare providers. He also acts as bond counsel and bank counsel in connection with bank loans or other private financings to governmental entities or nonprofit organizations.

T.W. has experience with a wide-range of public finance 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, tax credit issues, incremental tax revenue pledges, and forward-delivery bonds. He also has experience in public/private financing arrangements and in the financing of regional water and transportation projects involving multi-jurisdictional agreements. He also serves as tax 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. has experience in commercial real estate, corporate and securities matters. He has represented both public and private companies in connection with real estate acquisitions and sales, corporate governance and general business matters and securities issuances and compliance. T.W. has represented the state transportation infrastructure bank in several financings for transportation projects, and he has assisted clients in securing both debt and equity financing through a variety of financing structures. T.W. also actively participates in pro bono projects and was presented with the "Benjamin Rice Lacy IV Pro Bono Clearinghouse Volunteer of the Year Award" by the Greater Richmond Bar Foundation in 2012.

In the News

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 public sale of more than $200 million of tax-exempt and taxable general obligation bonds to fund projects within a capital improvement plan, including parking garages, a new courthouse and new school buildings.

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.

Bond counsel for the issuance of over $300 million in revenue bonds secured by state tax receipts to support transportation projects, including public/private partnerships.

Underwriter's counsel for the issuance of $7 million in moral obligation bonds to support an economic development project.

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

Bank counsel for a loan secured by a general obligation pledge to refinance bonds issued to fund capital projects and create cash flow savings.

Bank counsel in connection with a "bank-qualified" revenue anticipation note to fund cash-flow needs.

Bond counsel to a regional authority in connection with an issuance of revenue bonds, which included the judicial validation of the bonds and the related proceedings.

Bond counsel to a water and sewer authority for a privately-placed revenue bond to finance water purification projects.

Tax counsel to a regional jail authority in connection with a $1.8 million tax-exempt energy lease project where we helped the authority structure its agreements with the Marshals Service and Immigration and Customs Enforcement to comply with the federal tax requirements.

Counsel to the state transportation infrastructure bank to provide credit support to toll revenue bonds issued to fund a public/private transportation 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.

Bond counsel for the issuance of over $200 million in pension obligation bonds issued to advance fund a locality's pension obligations with the goal of ultimately reducing pension costs.

Counsel to a publicly-traded company in connection with bond consents and tax compliance related to a spin-off into two publicly-traded companies.

Counsel to a real estate investment trust in connection with the issuance of partnership interests in exchange for property.

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

Author, Bringing Sexy BRAC: The Case for Allowing Local Governments to Control Environmental Cleanup in the Military Base Closure and Redevelopment Process, Wm. & Mary Envtl. L. & Policy Rev. 513, 2008
Co-author, Recent Fourth Circuit Environmental Jurisprudence, 31 Wm. & Mary Envtl. L. & Policy Rev. 927, 2007
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