Heyward is a Shareholder and member of the Public Finance and Economic Development & Incentives practice groups at Maynard Nexsen.

Heyward has more than 30 years of experience in the area of municipal, public and commercial finance. His skills and accomplishments as a finance lawyer have earned him numerous accolades, among which is his esteemed recognition every year since 2010 as a Leading Practitioner in the area of Banking and Finance: Public Finance by Chambers USA: America's Leading Lawyers for Business. He is also consistently listed in The Best Lawyers in America© in the area of Banking and Finance Law.

Bond Counsel

Heyward has served as bond counsel to numerous cities, counties, boards of education, hospitals and health care organizations, non-profit (including Section 501 (c)(3)) organizations, water/sewer/gas utility systems, housing authorities, and solid waste disposal authorities in Alabama. He has also served as bond counsel to airport authorities, industrial development boards, educational and public building authorities for state, county and school agencies, commercial and redevelopment authorities, and improvement districts and cooperative districts for commercial and residential development across the state.

Special Counsel

Heyward has also served as special counsel to commercial banks in providing secured and unsecured financing to public and private organizations (including private and public financings involving loans, leases, and letters of credit) in Alabama and other states. He has also been special counsel to underwriters, financial advisors, and placement agents in public financings. His special counsel work also includes serving private organizations and public bodies in Alabama with respect to state and local tax incentives for business and economic development and public/private partnerships. He has also performed work to Alabama cities and counties in the levy of various taxes as well as public bodies in preparation of legislation and constitutional amendments.

From May 1976 to August 1996, Heyward served 3 years on active duty and 17 years on active reserve in the United States Navy, obtaining the rank of Commander.

Community & Professional

  • American Bar Association
  • Alabama State Bar
  • Birmingham Bar Association
  • National Association of Bond Lawyers
  • American College of Bond Counsel


  • $100,900,000 Capital Outlay School Warrants, Series 2012, of the Board of School Commissioners of Mobile County
  • $62,835,000 Variable/Fixed Rate Secured Promissory Notes, Series 2012, of Rush Medical Foundation
  • $64,000,000 Revenue Bonds, Series 2011-A (Tax-Exempt) and Series 2011-B (Federally Taxable) of The Public Athletic, Cultural and Entertainment Facilities Board of the City of Birmingham (Birmingham Barons Stadium Project)
  • $210,490,000 Revenue Bonds (University of Alabama Health Services Foundation, P.C.), Series 2011A-E, of The Medical Clinic Board of the City of Birmingham – UAHSF
  • $71,790,000 Revenue Bonds (Civic Center Improvement Project), Series 2011, of The Commercial Development Authority of the City of Birmingham
  • $117,070,000 Capital Outlay School Warrants (Ten Mill County Tax), Series 2011, of the County Board of Education of Shelby County, Alabama
  • $142,175,000 General Revenue Bonds, Series 2010-A (General Revenue Bonds), Series 2010-B (Taxable Build America Bonds), and Series 2010-C (General Revenue Bonds), of the Board of Trustees of the University of Alabama for the University of Alabama at Birmingham
  • $25,185,000 General Obligation School Warrants, Series 2010-A (Tax-Exempt), Series 2010-B (Federally Taxable), Series 2010-C (Taxable Build America Bonds), and Series 2010-D (Taxable Recovery Zone Economic Development Bonds), of the City of Hartselle, Alabama
  • $75,000,000 Educational Facilities Revenue Bonds (Samford University), Series 2010 and Series 2010-A, of The Educational Building Authority of the City of Homewood
  • $30,330,000 Water and Sewer Revenue Refunding Bonds, Series 2010, of The Water Works and Sanitary Sewer Board of the City of Montgomery
  • $6,550,000 General Obligation Refunding Warrants, Series 2010, of Cullman County, Alabama
  • $26,275,000 Water and Sewer Revenue Bonds (Current Interest), Series 2010-A1, of West Morgan – East Lawrence Water and Sewer Authority
  • $1,333,722 Water and Sewer Revenue Bonds (Capital Appreciation), Series 2010-A2, of West Morgan – East Lawrence Water and Sewer Authority
  • $1,172,629.08 Special Assessment Revenue Bonds (Capital Appreciation), Series 2010, of Pine Mountain Preserve Improvement District No. Three
  • $23,335,000 Revenue Bonds, Series 2009, of The City of Foley Public Facilities Cooperative District
  • $11,225,000 Taxable Special Obligation Bonds, Series 2009A, and $5,465,000 Special Obligation Bonds, Series 2009B, of The Morgan County Industrial Park and Economic Development Cooperative District



  • Recognized by Chambers USA, America’s Leading Lawyers for Business, Alabama, Public Finance (2010 - Present)
  • The Best Lawyers in America© for Banking and Finance Law and Public Finance (2013 - present)
  • Martindale-Hubbell AV® Preeminent Rating



  • State Bar: Alabama
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