David M. Panico

Partner

  • Overview

    Biography

    David Panico is the chair of the Public Finance Practice Group, where he focuses his practice on representing state and municipal governments in the issuance of tax-exempt and taxable general obligation bonds and notes. Mr. Panico also represents issuers, borrowers, underwriters, credit facility providers, and investors in structuring and documenting revenue bond issues for health care and higher education facilities, gaming and governmental projects for Indian tribal governments, sports arenas, parking garages, recreation projects, affordable housing, and assisted living and continuing care facilities.

    Mr. Panico began his career advising clients regarding tax law applicable to tax-exempt obligations and continues to advise clients on the tax aspects of issuing, refunding, and restructuring tax-exempt debt. His tax experience includes advising clients on the use of interest rate swap agreements for new money and refunding transactions (including rate locks, swaptions, and super-integrated hedges), arbitrage rebate liability, changes in use of bond-financed facilities, and restructuring tax-exempt obligations due to financial distress. He also advises issuers and financial institutions on statutory and tax law applicable to investments of bond proceeds and general fund moneys.

    Mr. Panico has written and presented on various public finance topics, including economic development projects, qualified 501(c)(3) bonds, Indian tribal government finance, arbitrage rebate, IRS audits and post-issuance compliance, clean renewable energy bonds (CREBs), qualified energy conservation bonds (QECBs), energy performance contracts, tax increment financing (TIF), and new market tax credits. Mr. Panico has authored comments that have been incorporated into the Treasury Regulations. He is the author of the article "Survey of the Final Arbitrage Regulations," published in The Urban Lawyer, an American Bar Association publication.

    Prior to joining Robinson & Cole, Mr. Panico was a certified public accountant with Ernst & Whinney.

  • Experience
    • Experience

      Experience

      • Expanded definition of taxable products under the petroleum products gross earnings tax.
    • Professional Associations

      Professional Associations

      Connecticut Bar Association
      Tax Section

      National Association of Bond Lawyers

      Government Finance Officers Association

      Connecticut Society of Certified Public Accountants (1983 - present)

      American Bar Association
      Section of Taxation

      American Institute of Certified Public Accountants (1983 - present)
    • Honors + Awards

      Honors + Awards

      Listed in Connecticut Super Lawyers® in the area of Bonds/Government Finance Law since 2007 (Super Lawyers is a registered trademark of Key Professional Media, Inc.) 

  • NEWS + PRESS
    • Publications

      Publications

      "Survey of the Final Arbitrage Regulations," published in Urban Lawyer at (1993)
      • » more info

    • Presentations

      Presentations

      "EPC Funding Vehicles: Energy Bonds, Recovery Bonds, Tax-Exempt Leases," at Government Finance Officers Association of Connecticut, Fall Meeting (11/16/2010)

      "Qualified 501(c)(3) Bonds—Tax Issues," at the National Association of Bond Lawyers Bond Attorney Workshop in Chicago, Illinois (12/2001)

    • News

      R+C in the News

      • May 28, 2013

        Robinson+Cole Sponsors Crawford Annual Dinner

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      • May 23, 2013

        Robinson+Cole Sponsors NCCJ Annual Dinner

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      • December 13, 2010

        Public Finance Partner Presents Funding Options for EPC’s

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      • September 14, 2009

        Robinson & Cole Becomes First Law Firm in New England to Assist Municipality with Federal Economic Stimulus Plan Bond Program

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      • October 28, 2008

        Robinson & Cole Public Finance Partner Speaks on Energy Improvement and Extension Act of 2008

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      R+C News Releases

      • June 21, 2013

        Local Organizations Recognize Robinson & Cole’s Pro Bono Service

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        • View article