Kimberly D. Magrini

Tel 646.346.8086
Fax 212.223.1942
New York
Tel 215.864.8365
Fax 215.864.8999

Kimberly D. Magrini serves as counsel to investment banking firms and investors, municipalities, issuers, and trustees in all types of public finance and municipal securities transactions. Her experience also includes representing a variety of 501(c)(3) organizations, including hospitals and other health care organizations, colleges and universities, private and charter schools, and museums.

Kim focuses her practice on various municipal securities law issues, municipal finance and recovery, project finance including public-private partnerships (P3), and housing finance. Through a secondment in the investment banking legal department at Goldman Sachs, Kim has experience handling various legal, regulatory and compliance issues related to municipal securities, including remarketings, commercial paper programs, the municipal advisor rule, G-17 considerations, MSRB rules, and internal policies and procedures.

Kim acts as counsel to municipalities, underwriters, placement agents, and investors in a wide range of municipal financings, including distressed financings, high-yield offerings, secondary market transactions, and municipal bankruptcies and workouts. Kim has experience with issues unique to Pennsylvania law (including Act 47) and maintains a special focus on disclosure issues for distressed municipalities, including pension analysis and disclosure and securities regulatory enforcement.

Kim represents clients in P3 and public-public partnership transactions on large complex infrastructure and transportation projects across the country, including as P3 counsel to the Virginia Department of Transportation for the I-395 HOT Lanes Project and the FredEx HOT Lanes Project, the Georgia Department of Transportation for the I-285/SR 400 Reconstruction Project, the Pennsylvania Department of Transportation for the Middletown Station Project and Amtrak in connection with the reconstruction of Chicago Union Station, Baltimore Penn Station and Philadelphia 30th Street Station, and as bond counsel for the Pennsylvania Department of Transportation Rapid Bridges Replacement Project.

Kim also maintains an active housing finance practice, regularly representing issuers, investors, developers, and trustees in Low Income Housing Tax Credit housing financing transactions and single-family mortgage bond transactions. She has represented investors and developers across the country in numerous lower-tier LIHTC deals, including transactions involving solar and renewable energy credits. In addition, she has developed significant knowledge of green financing initiatives, including green infrastructure, PACE, and other renewable energy financing options.

Before entering the law, Kim worked for several years as both a legal and environmental science research assistant at Drexel University.

Pro Bono Experience

Kim represented players on the Women's National Ice Hockey Team as they pursued gender equality with USA Hockey. She also serves as a child advocate through the Support Center for Child Advocates and has also represented clients through the Homeless Advocacy Project.

Professional Activities

National Association of Bond Lawyers

Pennsylvania Association of Bond Lawyers

Ballard Spahr Pro Bono Committee

Delaware Valley Environmental Inn of Court, student member (2009-2010)

Kim represented the USA Women's rugby National Team as a player from 2006 to 2011, co-captaining the squad competing in the Women's Rugby World Cup in 2010. She served as an International Athlete representative to USA Rugby Congress and a member of the Athlete's Advisory Council to USA Rugby and the U.S. Olympic Committee for the sport of Rugby. Kim also served as Chairperson, and in other board capacities, for Keystone Griffins Rugby Club, a Philadelphia-area women's rugby club, from 2007 to 2014.

Recognition & Accomplishments

Named one of The Legal Intelligencer's 2018 Lawyers on the Fast Track 

Member, First Judicial District of Pennsylvania Pro Bono Roll of Honor 2012-2019


Co-author, "SEC Settles Charges Against Municipal Underwriter for Unfair Practices and Misleading Advertising in Connection With its Distribution of New Issue Securities," Ballard Spahr alert, January 14, 2021

Co-author, "Treasury Publishes Updated FAQs – Coronavirus Relief Fund Payments for State, Local, and Tribal Governments," Ballard Spahr alert, October 29, 2020

Co-author, "White Paper: Forward-Looking Statements in Municipal Disclosures,"August 26, 2020

Co-author, "Federal Legislative Proposals at a Crossroads?" Ballard Spahr alert, June 10, 2020

Co-author, "UPDATED: Treasury Publishes FAQs – Coronavirus Relief Fund Payments for State, Local, and Tribal Governments," Ballard Spahr alert, June 2, 2020

Co-author, "Federal Reserve Provides Pricing and Sale Updates to Municipal Liquidity Facility," Ballard Spahr Alert, May 13, 2020

Co-author, "Treasury Publishes FAQs – Coronavirus Relief Fund Payments for State, Local, and Tribal Governments," Ballard Spahr Alert, May 8, 2020

Co-author, "Updates to Federal Reserve Board’s New Municipal Liquidity Facility," Ballard Spahr Alert, May 6, 2020

Co-author, "SEC Issues Public Statement on Disclosure in the Municipal Markets and COVID-19," Ballard Spahr Alert, May 6, 2020

Co-author, "Coronavirus Relief Fund Payments for State, Local, and Tribal Governments," Ballard Spahr Alert, April 16, 2020

Co-author, "The Fed Throws a Cash Flow Lifeline to State and Local Governments," Ballard Spahr Alert, April 13, 2020

Co-author, "Disclosing COVID-19 Risks and Impacts in Connection with Municipal Securities," Ballard Spahr Alert, April 8, 2020

Co-author, White Paper: SEC Issues Bulletin on Antifraud Provisions, April 7, 2020

Co-author, "White Paper: Cybersecurity Disclosure in Municipal Offerings," October 2019

Co-author, "White Paper: Climate Change Disclosure in Municipal Offerings," October 2019

"El Paso RAD transaction converting 1,590 units at 13 sites closes," Ballard Spahr Housing Plus blog, April 13, 2015

Co-author, "Unpave a Parking Lot and Put Up a Paradise: Using Green Infrastructure and Ecosystem Services To Achieve Cost-Effective Compliance," Environmental Law Reporter News & Analysis, August 22, 2012

Kim also is co-author of these Ballard Spahr Public Finance alerts:

"UPDATED: New York Federal Reserve Expands Eligible Issuers and Provides Indicative Pricing and Sample Transaction Documents for Municipal Liquidity Facility," June 4, 2020

"Governmental Accounting Standards Board Proposes Updated P3 Guidelines," June 27, 2019

"White House Unveils Infrastructure Plan: Funding Questions Remain," February 20, 2018 

"Moody’s Finalizes Green Bonds Assessment Methodology," May 26, 2016

"Moody’s Joins Effort to Standardize Green Bond Market," March 4, 2016

"Act 47: Pennsylvania Says Enough is Enough. Or Is It? " October 31, 2014

"Illinois Passes Landmark Pension Reform," December 11, 2013

"PA Transportation Funding Bill Brings Unprecedented Investment to Infrastructure," November 25, 2013

"Pennsylvania Seeks To Expand P3s to Local Governments and School Districts," November 4, 2013

"U.S. Senate Passes Water Resources Development Act," May 21, 2013

"Water Infrastructure Loan Program Reintroduced in Congress," March 5, 2013

"Can New Jersey Bank on the Infrastructure Bank?" February 11, 2013

"Government Finance Officers Association Issues Guidelines For Pension Funding," December 18, 2012

"New Best Practices Released for Pension Obligation Disclosure," November 15, 2012

"New Report Identifies $2.5 Billion-Plus in Delaware Valley Infrastructure Funding Needs," November 7, 2012

"Obama Signs Transportation Bill," July 11, 2012

"NABL Issues Pension Disclosure Considerations," May 30, 2012

"Chicago Adopts Innovative Infrastructure Trust," April 30, 2012

Speaking Engagements

Speaker, "PART III: COVID-19 and the Education Industry – Pressing Issues Facing Every Institution," Ballard Spahr webinar, June 10, 2020

Panelist, “Infrastructure Projects & Promise in the Region,” The Bond Buyer’s National Outlook Conference, New York, NY, January 28, 2020

Moderator, "P3 Pipeline," The Bond Buyer's Transportation Finance/P3 Conference, Denver, CO, November 14, 2019

Speaker, "Hot Topics in Securities Law," National Association of Bond Lawyers Bond Attorneys Workshop, September 11-13, 2019

Moderator, "New Modes of Transportation: The Potential," The Bond Buyer's Transportation Finance/P3 Conference, Dallas, November 30, 2018

Speaker, "The Framework of Public-Private Partnerships and First Steps," The National Council for Public-Private Partnerships' P3 Bootcamp, Phoenix, October 22, 2018 

Speaker, "All You Need to Know About SEC Rule 15c2-12 and the New Amendments," The Bond Buyer/Lumesis webinar, October 18, 2018

Speaker, "Options for PACE Financing Alternatives," Ballard Spahr webinar, September 20, 2017

Speaker, "Public-Private Partnerships (P3): Trends and Updates You Must Know," The Knowledge Group, July 11, 2017 

Speaker, "The Procurement Process," The National Council for Public-Private Partnerships' P3 Bootcamp, Philadelphia, May 3, 2017 

Speaker, "Introduction to Public-Private Partnerships," Clear Law Institute webinar, January 5, 2017

Speaker, "Closing the Deal," CDFA Summer School Intro Bond Finance Course, Baltimore, August 10, 2016

Moderator, "Beyond the News: PACE Financing – Challenges and Rewards, from Enabling Legislation to Implementation," Ballard Spahr panel, December 3, 2014

Drexel University School of Law (J.D., magna cum laude, 2010)

Drexel University (M.S.E.S. 2006)

Pennsylvania State University (Schreyer Honors College) (B.S. 2004)

New Jersey


New York

U.S. District Court for the District of New Jersey