Bill Rhodes
Bill Rhodes

William C. Rhodes

Tel 215.864.8534
Fax 215.864.8999

William C. Rhodes is Chair of the Public Finance Department as well as Practice Leader of the Municipal Recovery Initiative. Mr. Rhodes advises clients in all areas of public and project finance. He regularly represents issuers and placement agents and investors in the placement of high-yield (unrated) municipal securities.

Mr. Rhodes represents clients in the financing of facilities for governments and their authorities; private schools, colleges, and universities; museums and cultural institutions; transportation; military, multifamily, and senior rental housing; energy generation; water and wastewater treatment; single-family home mortgages; pollution control; hospitals and health care systems; and convention centers, stadiums, and civic arenas.

Mr. Rhodes also regularly advises issuers, underwriters, financial advisers, and investors in the evolving landscape of municipal securities regulation and enforcement, including regulatory compliance, primary and secondary market disclosures, and enforcement actions.

Pro Bono Experience

As a member of Ballard Spahr's Pro Bono Committee, Mr. Rhodes coordinates pro bono engagements within the Public Finance Department.

Professional Activities

American Bar Association
Colorado Bar Association (inactive)
Pennsylvania Bar Association
Philadelphia Bar Association
National Association of Bond Lawyers (NABL)
Pennsylvania Association of Bond Lawyers (PABL)


Co-author, "SEC Fraud Charges against Harrisburg Have Implications for Secondary Market Disclosures," Westlaw Journal / Securities Litigation & Regulation, May 29, 2013

Co-author, "SEC Fraud Charges against Harrisburg, Pa., Have Implications for Secondary Market Disclosures," Ballard Spahr alert, May 10, 2013

Co-author, "Options for Pennsylvania Cities and Municipalities in Financial Distress," Municipal Reporter, December 5, 2012

Co-author, "New Best Practices Released for Pension Obligation Disclosure," Ballard Spahr alert, November 15, 2012

Co-author, "Bank Loan or Municipal Security (or Both)? A Reminder from the MSRB," Ballard Spahr alert, October 4, 2011

Co-author, "MSRB Makes Recommendations to SEC on Disclosure Practices," Ballard Spahr alert, September 8, 2011

Co-author, "GASB Proposes Changes to State and Local Government Pension Financial Reporting," Ballard Spahr alert, July 11, 2011

Co-author, "PA Municipalities Further Challenged with Amendment of Financial Recovery Act," Ballard Spahr alert, July 8, 2011

Speaking Engagements

Mr. Rhodes is a frequent speaker and presenter on panels focused on legal issues in the municipal bond market. Recent speaking engagements include:

Co-Chair, The Bond Buyer's Symposium on Distressed Municipalities, Providence, R.I.

"Pricing Issues Related to Distressed Credits," Advanced Seminar Distressed Credits & Fiscal Emergencies: A New Paradigm for the Municipal Market, Detroit, October 5, 2012

Co-Chair and Moderator, "Views From the Bond Market," The Bond Buyer's Symposium on Distressed Municipalities, Philadelphia, March 2012

"Act 47 and Municipal Bankruptcy in Pennsylvania," Pennsylvania Economy League of Southwestern Pennsylvania, January 2011

"What Dodd-Frank Means for Housing Finance Agencies and Other Issuers," Pennsylvania Housing Finance Agency and the Pennsylvania Infrastructure Investment Authority, November 2010

"Municipal Fiscal Distress and Recovery in Pennsylvania," Pennsylvania League of Cities and Municipalities, October 2010

"Ethical Issues in Municipal Finance," Pennsylvania Association of Bond Lawyers, May 2010

"Capital Funding and Finance," The Association of Children’s Museums, May 2010

"Post-Issuance Legal Concerns for Maturing Projects," The Bond Buyer’s Military Housing Privatization Conference, April 2008

Community Activities

Mr. Rhodes serves on the Haverford (Pennsylvania) Township Planning Commission.

Board Memberships

Past board member and former President, Elfreth's Alley Association, a 501(c)(3) corporation that preserves and interprets Elfreth's Alley, the nation's oldest continuous residential street and a National Historic Landmark in Philadelphia

Dickinson School of Law of Pennsylvania State University (J.D. 1991)
Member, Dickinson Law Review

Swarthmore College (B.A. 1987, cum laude)