Clay has experience serving as bond counsel, underwriter's counsel and bank counsel in tax-exempt financings for cities, counties, school districts, charter schools, junior college districts, special utility districts and nonprofit corporations.
Clay advises clients on various financing structures and techniques, including general obligation financings, utility revenue financings, lease revenue financings, conduit financings, special assessment financings and tax credit bonds. Clay also advises governmental clients on general public law matters, including elections, open government and economic development. Before entering private practice, Clay served as an Assistant Attorney General in the Public Finance Division of the Office of the Attorney General of the State of Texas.
Representative Experience
Bond counsel for over $4.6 billion of school district bonds over the last five years
Bond counsel for school districts in the issuance and remarketing of variable rate soft put bonds
Bond counsel for a school district in the issuance of lease revenue bonds by school district public facility corporation
Bond counsel for over $1.4 billion of charter school bonds over the last five years, including bonds guaranteed by the Permanent School Fund
Bond counsel on multi-jurisdictional lease revenue financing for a charter school
Bond counsel for cities obtaining financial assistance through various programs administered by the Texas Water Development Board
Bond counsel for municipality in the issuance of revenue bonds secured by special assessments within a public improvement district to finance public infrastructure for a mixed-use development
Counsel to underwriters in connection with issuance of over $1 billion in municipal general obligation pension bonds
Disclosure counsel for county toll road revenue bonds
Bond counsel for regional water authority in creating subordinate lien revenue financing system
Memberships
National Association of Bond Lawyers
Houston Bar Association
Awards & Recognition
Named Best Lawyer in Public Finance Law, The Best Lawyers in America, 2024
Insights
Events
2017 Texas Charter Schools Conference, October 11, 2017
The Bond Buyer’s 20th Annual Texas Public Finance Conference, February 1, 2016
Municipal Advisory Council of Texas Conference and 61st Annual Meeting, October 29, 2015
This website uses cookies to collect certain information about your browsing session.
By collecting this information, we learn how to best tailor this site to our visitors. To learn more, view our
Cookies Policy.