State and local governments frequently finance capital projects such as airports and utility systems by issuing tax-exempt qualified tender bonds (also commonly called variable rate demand obligations or “lower-floaters”) and...more
On April 9, 2020, U.S. Treasury Secretary Steven T. Mnuchin approved the establishment of a Municipal Liquidity Facility (MLF) aimed at helping the flow of credit to states, counties and cities impacted by the COVID-19...more
Maryland General Assembly House Bill 466, which would have required contractors to pay prevailing wages for construction funded by tax increment financing (TIF) bond proceeds, received an unfavorable report from the Economic...more