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24 Smith Road, Suite 400, P.O. Box 1841, Midland, Texas 79705
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Jerry R. Wallace


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Jerry R. Wallace – Of Counsel

Jerry Wallace was born in Corinth, Mississippi and grew up in Mississippi and Alabama where he attended public schools. He earned degrees in Urban Planning and Economics, with emphasis in Municipal Administration and Finance, from UNA. Mr. Wallace entered law school where he was an officer in the Phi Alpha Delta Legal Fraternity, receiving the Distinguished Service Award and representing the law school in the American Bar Association Regional Trial Practice Competition Finals. After earning the degree of Doctor of Jurisprudence at Mississippi College School of Law in 1981, Mr. Wallace worked in the oil and gas industry before joining a civil litigation, school law and municipal litigation practice.

Mr. Wallace is admitted to practice before all state courts in Texas and Mississippi, including the Texas and Mississippi Supreme Courts, the Federal District Courts, C N & S Districts of Mississippi, and L U & N Districts of Texas, the United States Court of Appeals for the Fifth Circuit and the United States Supreme Court.

Since 1983, Mr. Wallace has represented numerous school districts as general counsel and as special counsel with respect to all aspects of school law, including school administration (open meetings, open records, public purchasing, student and employment hearings, and preparation of minutes and official records); student suspension and discipline; student search and seizure; employment issues with respect to teachers and other school staff, including employment discrimination and defending sexual harassment claims; teacher termination and non-renewal; acquisition, leasing and disposal of real property; administration of trust properties; and public finance, including general obligation bonds, state aid special revenue bonds, tax anticipation notes, limited tax obligations, and lease purchase certificates of participation. Mr. Wallace has handled the preparation and submission of materials for rating of credits by Standard & Poors and Moody’s Investor Services, rating reviews, and submissions necessary to obtain municipal bond insurance to reduce the tax revenues required to service debt.

Mr. Wallace has represented school districts in cases involving the Federal Voting Rights Act, school desegregation and public finance. Mr. Wallace developed the first program for private funding of public school athletic facilities in Mississippi and for joint venture private/public development of trust properties in Mississippi, funding construction of stadium improvements and generating hundreds of thousands of dollars in additional revenues from school trust property management.

Mr. Wallace is an active member of the Texas and Mississippi Association of School Boards’ Council of School Attorneys and the National School Boards Association Council of School Attorneys. He is a recognized speaker at continuing legal education seminars on all aspects of school law and school finance.

Mr. Wallace represents municipalities, municipal utility commissions, and utility districts in numerous matters involving: municipal enlargement; expansion and extension of municipal and utility infrastructure (annexation and long-range fiscal effort plans for services and infrastructure); employment matters; and land use regulation, including the regulation of property uses as well as the preparation and administration of development impact fee regulations ordinances. He has worked with numerous cities to develop long-range plans for growth management, public facilities improvements, and expansion of infrastructure.

Mr. Wallace has recently represented municipal authorities in matters involving requests for approval of commercial development plans, and with respect to disputes regarding the application of land use regulations ordinances. Mr. Wallace is a member of the Texas City Attorneys Association, Mississippi Municipal Attorneys Association and the State and Local Government Section of the American Bar Association. He is a frequent speaker at continuing legal education seminars and serves as a consultant on municipal annexation, extension of municipal infrastructure and development and administration of land use regulations. Mr. Wallace has served as underwriter’s counsel, issuer’s counsel and bond counsel on all types of tax-exempt municipal bonds, including utility revenue bonds, lease purchase certificates of participation, special revenue jail bonds, tax increment financing obligations and special assessment bonds. Recently Mr. Wallace has served as Underwriter’s Counsel on the following school bonds: Socorro ISD Unlimited Tax Refunding Bonds, Series 2010, $16,215,000.00; Clint ISD Unlimited Tax Refunding Bonds, Series 2010, $231,377.35; Socorro ISD School Building Tax Revenue Bonds, Series 2011, $50,345,000.00; Clint ISD Tax Revenue Bonds, Series 2011, $8,979,998.10; Socorro ISD Unlimited Tax Refunding Bonds, Series 2012, $17,794,990.45; Socorro ISD Unlimited Tax School Building Bonds, Series 2012, $129,370,000.00; Socorro ISD Unlimited Tax School Building Bonds, Series 2013, $95,290,000.00; Socorro ISD Unlimited Tax Refunding Bonds, Series 2013A, $55,670,000.00, El Paso ISD Unlimited Tax Refunding Bonds, Series 2015, $104,555,000.00Clint ISD School Building Bonds, Series 2015, $78,360,000.00; Clint ISD Unlimited Tax Refunding Bonds, Series 2015 A, $15,890,000.00. Mr. Wallace is listed as approved bond counsel in the Bond Buyer’s Municipal Marketplace Directory (the “Red Book”) and is a member of the National Association of Bond Lawyers.

An avid conservationist, Mr. Wallace is a life member of the National Wildlife Federation, the Rocky Mountain Elk Foundation and a member of Safari Club International.