Founded in Dallas in 1919, McCall has dedicated its practice solely to public finance for over 98 years. With offices in Dallas, Austin, Houston and San Antonio, the firm serves as bond counsel for a diverse group of public securities issuers.
Complementing the depth and breadth of the firm’s bond and disclosure expertise, McCall’s tax department members are nationally recognized experts in both tax-exempt and taxable financings. The firm’s tax attorneys have been integrally involved with some of the most innovative bond transactions in the country.
A tradition of leadership and innovation
Innovation has been a longstanding hallmark of the firm’s approach. Members of the firm have drafted constitutional amendments and statutes in all areas of public finance law. McCall played an active role in the codification of over 70 years of accumulated public finance statutes into the Public Securities Title of the Texas Government Code.
McCall has been a leader in drafting legislation and developing innovative financing techniques in the State of Texas including:
- Drafting the legislation that resulted in amendments to the Texas Constitution authorizing the Economic Distressed Areas and Water Infrastructure Fund programs administered by the Texas Water Development Board and the establishment of Texas Water Development Fund II, as well as the amendment to the Texas Constitution establishing a $6 billion evergreen bond authority for the Texas Water Development Fund II;
- Enabling the issuance of commercial paper and the execution and delivery of interest rate swap agreements by state agencies, authorities, institutions of higher education, and cities;
- Originating the concept of the issuance of contractual obligations for cities, counties, and school districts;
- Developing financing structures that led to the successful Sematech project in Austin and the $2 billion highway financing program for the benefit of the Texas Turnpike Authority Division of TxDOT in 2002;
- The development of convention center hotels in Austin, Dallas, Fort Worth, and San Antonio;
- Structuring economic development and redevelopment programs throughout the state, including the redevelopment of Robert Mueller Airport in Austin;
- The revision of the financing statutes governing the issuance of bonds by state institutions of higher education;
- The thorough revision of the laws regarding the investment of public funds in Texas; and
- Structuring a consolidated “general obligation” credit for five of the state′s major university systems (The University of Texas, Texas A&M University, Texas Tech University, Texas State University, and University of North Texas) enabling credit rating upgrades and therefore significant cost savings to be realized by the universities.