Rubin & Hays serves as bond counsel to many public libraries, which are typically authorized to issue tax-advantaged bonds to finance capital projects or refund outstanding debt. Savings gained from issuing tax advantaged bonds are a long-term strategy to help libraries grow their patronage and achieve the Kentucky Department for Libraries and Archives’ recommended readers-to-books ratio.

When we represent a library in its financing, before the first mark is made on paper, we help coordinate a team of expert financial advisors and architects who are experienced with Kentucky library projects to create a blueprint to follow.

Prior to issuing bonds, we help the library analyze its legal structure and how it could best be organized under various statutory schemes, which are relevant to how the financing is structured.