Harvard Law School, J.D. 1974
Michigan State University, B.A. 1971
- Licensed to practice only in Michigan
As a key player in nearly every publicly offered bond issue by a public university in Michigan for at least the last 15 years, Jerry Rupley brings vast experience to his role as bond counsel or underwriter’s counsel. He also has represented the Michigan Department of Transportation (MDOT) on every State Trunk Line Fund and Comprehensive Transportation Fund bond and note issue since 1978 (except for one in 1992 on which he acted as underwriter’s counsel.)
With three decades of experience in the bond area, Jerry helped develop the General Revenue pledge concept now used by all public universities in Michigan. He also has been the lead practitioner in adapting financial tools such as advance re-fundings, variable rate demand bonds and interest rate swaps for use by Michigan’s universities.
Jerry has done a significant amount of work in Michigan, Ohio, Indiana and Wisconsin as underwriter’s counsel on bond issues for both public and private higher education institutions and has acted as bond counsel in bond issues for private colleges and universities in Michigan. In the health care area, he has been bond counsel for all of the bond issues for the University of Michigan Health System, and for private institutions such as Bronson Methodist Hospital in Kalamazoo and Covenant Medical Center in Saginaw.
Jerry has drafted much of the bond financing laws for MDOT and testified before the Michigan Legislature on that legislation. He also has guided MDOT through the development of a variety of new financing techniques and programs, such as the local government loan program, advance re-fundings, capital appreciation bonds and interest rate locks.
Miller Canfield serves as local counsel to the City of Detroit in connection with its Chapter 9 bankruptcy case filed in July 2013 and its ongoing restructuring efforts. In connection with this representation, Miller Canfield currently is (a) handling post-petition financing matters, (b) litigating and negotiating requests for relief from the automatic stay matter, and (c) assisting with the restructuring of various City departments. The City of Detroit has estimated that its total outstanding obligations as of the commencement of its bankruptcy case totaled approximately $18.5 billion.
In a complicated and innovative transaction, an interdisciplinary team played an essential role in creating a new medical school in Michigan. The project involved forming a three-member not for profit corporation between a university, two hospitals, and a privately funded anonymous donation of $100M (the largest such cash gift in the history of Michigan).
Best Lawyers in America, Education Law, Public Finance Law 2005-present; 2012 Detroit Public Finance Lawyer of the Year; 2013 Detroit Education Law Lawyer of the Year
Michigan Super Lawyers, Bonds/Government Finance 2006-present
DBusiness Magazine, Top Lawyers, Public Finance 2011
American Bar Association
State Bar of Michigan, Member since 1974
Detroit Metropolitan Bar Association
National Association of Bond Lawyers
National Association of College and University Attorneys (NACUA)
American College of Bond Counsel, Fellow
Civic, Cultural & Social Activities
Northville Public Schools, Trustee and Treasurer of the Board of Education, 1999-2003
First United Methodist Church of Northville, Past Chair of the Administrative Board
Advocates for Quality Education, Vice-president
"The Aftermath of the Affirmative Action Decision in Michigan," Miller Canfield Update, Ann Arbor, December 2006
Frequent presenter at seminars on transportation, and college and university finance topics