General Obligation Bonds, Series B of 2009

The American Recovery and Reinvestment Act of 2009 authorized certain issuers to issue taxable bonds known as "Build America Bonds" to finance capital expenditures for which it could issue tax-exempt bonds. Dinsmore & Shohl served as bond counsel to the Penn Hills School District on one of the first and largest issues of Build America Bonds by a school district in the Commonwealth of Pennsylvania.