Steven M. Nadel - Brochure


J.D., Cornell Law School, 1992

B.B.A., Accounting (with Highest Distinction), University of Iowa, 1989


Practice Groups

  • Board Governance
  • Economic Development/Urban Renewal
  • Procurement/Contracting
  • Public Finance


Steve Nadel is a member of the firm’s Public Finance Practice Group, serving cities, counties and municipal utilities throughout the state of Iowa. Steve regularly serves as bond counsel assisting municipal clients in the issuance of governmental bonds, including general obligation bonds and utility revenue bonds. As bond counsel, Steve guides the issuer in its preparations for debt issuances, and prepares all proceedings and approvals necessary to authorize the issuance and delivery of the obligations to the initial purchaser. In this role, Steve guides his public clients with regard to state and federal laws, including applicable federal tax regulations, and provides a validity and tax opinion upon issuance. As a member of the National Association of Bond Lawyers, Steve stays current on the latest federal municipal tax regulations.

Steve has represented many of Iowa’s municipal electric utilities and has worked on municipal financing aspects of major electric power and transmission facilities, as well as smaller municipal power and transmission facilities. In addition to governmental bond issues, Steve works with municipal electric utilities and electric joint action agencies on a variety of matters including joint utility ownership, governance, and power and transmission agreements.

He has also represented many of Iowa’s municipal communication utilities and has worked on municipal financing of municipal fiber network facilities. In addition to governmental bond issues, Steve works with municipal communication utilities on a variety of matters including governance and state law aspects of municipal communication utility operations.

Steve has experience with other revenue bond financings, including those related to nursing homes, assisted living centers, governmental and 501c(3) hospitals, and manufacturing facilities; as well as New Markets Tax Credit (NMTC) transactions.

Prior to joining the Ahlers firm, Steve served as judicial law clerk for Justice David Harris, Iowa Supreme Court in 1992-1993. At Cornell Law School, he was a member of the Law School Moot Court Board.

Bar Admissions

Iowa, 1992

Court Admissions

All Iowa Courts

U.S. District Courts – Northern and Southern Districts of Iowa

U.S. Supreme Court

Representative Projects

  • Municipal electric utility financing
  • Municipal communications utility financing
  • Capital improvement project and equipment acquisition financing statewide, including utility work, streets, roads, bridges, communication towers, and building construction and renovation 
  • USDA Rural Development Financing – community and utility improvements
  • SRF Financing – utility improvements
  • Manufacturing facility conduit financing
  • Long-term power purchase and sale agreements and other municipal power and transmission agreements
  • Sale of ownership interest in major electric power and transmission facilities


National Association of Bond Lawyers

Iowa Municipal Attorneys Association

American Bar Association – Sections: State and Local Government Law

Iowa State Bar Association

Polk County Bar Association

C. Edwin Moore Inn of Courts, Master/Emeritus


Best Lawyers in America©, Public Finance Law (2021)

Chambers USA – Labor and Employment/Iowa (2007-2011)

Great Plains Super Lawyers – Employment & Labor Law (2009-2013)


Steve's most recent speaking engagements include:

Iowa State University, 2019 Iowa Municipal Professionals Institute, Clerks Roles in Elections,” with Molly Widen, Secretary of State's office, July 2019

Ahlers & Cooney, Client Seminar -- Post-Issuance Compliance Training for Bonds, "Ongoing Tax Obligations," October 2016

Iowa Association of Municipal Utilities, "Do's and Don't's of Financing Municipal Broadband," March 2015, 2016

Iowa Economic Development Authority, Iowa Finance Authority, Iowa Department of Natural Resources, US Dept. of Agriculture, "Iowa Bidding Requirements," August 2014

Iowa Municipal Finance Officers Association, "Resource Table," 2012-2017

Professional, Community and Civic Leadership

Iowa Legal Aid, Volunteer Intake Attorney

Central Iowa Aquatics, Board of Directors (2017 - present), President (2019) 

Des Moines Symphony Foundation, Board of Trustees (2018 - present)

Des Moines Symphony Association, Board of Trustees, President (2013-2015), Co-President (2012-2013), President-Elect (2011-2012), Vice President (2009-2012), Secretary (2009), Annual Campaign Committee Chair (2009-2012), Board Member (2007-2016)

Iowa Association of Business and Industry, Employment & Workforce Committee (2001-2011)

Temple B’Nai Jeshurun, Board of Trustees, Vice President (2011-2016), Brotherhood President (2002-2004)

Iowa Jewish Senior Life Center, Board of Directors (1997-2003)

Leadership Iowa (Class of 2002-2003)

Polk County Bar Association, Bench-Bar Committee (2000-2004)

Polk County Bar Association, Web Site Committee (2000-2001)

Iowa State Bar Association, Young Lawyers Division, Career Issues Committee Co-Chair (1996-1997)

Polk County Second Chance Program, working with at-risk youth (1993-1994)

Ithaca (NY) Youth Bureau, similar to local Big Brothers (1991-1992)


Legal Disclaimer

If you are not currently a client of Ahlers & Cooney, P.C., please do not send confidential information to the firm through this website. Sending unsolicited information through the website does not create an attorney/client relationship or other type of fiduciary relationship between you and the firm. Accordingly, absent a previously established client relationship with the firm, unsolicited information sent through the website is not protected by confidentiality rules, and does not prevent us from representing parties potentially adverse to you.

The determination of the need for legal services and the choice of a lawyer are extremely important decisions and should not be based solely upon advertisements or self-proclaimed expertise. This disclosure is required by rule of the Supreme Court of Iowa.

Memberships and offices in legal fraternities and legal societies, technical and professional licenses, and memberships in scientific, technical and professional associations and societies of law or field of practice does not mean that a lawyer is a specialist or expert in a field of law, nor does it mean that such lawyer is necessarily any more expert or competent than any other lawyer. All potential clients are urged to make their own independent investigation and evaluation of any lawyer being considered.  This notice is required by rule of the Supreme Court of Iowa.

Presentation Materials and Client Alerts Disclaimer
Presentation materials and Client Alerts published on this website are intended to be for our clients' and contacts' information purposes only.  Neither these materials, nor the lawyers who authored them, are rendering legal or other professional advice or opinions on specific facts or matters. Further details are necessary for a complete understanding of the subjects covered.  In addition, the laws and legal principles discussed in these materials may change from time to time. For these reasons, nothing in these materials should be construed as an offer of legal advice, and the specific advice of legal counsel is recommended before acting on any matter discussed within.

Ahlers & Cooney, P.C. assumes no liability in connection with the use of these publications or Client Alerts, but will be pleased to provide additional details regarding any article upon request.