On June 12, 2020, Illinois Governor J.B. Pritzker signed into law Public Act 101-0640 which, among other matters, amends Section 7 of the Open Meetings Act to allow meetings of members of a public body subject to the Act to...more
Illinois Governor J.B. Pritzker, in response to the COVID-19 pandemic, has issued Executive Order 2020-07, which suspends the requirement of the Open Meetings Act that members of a public body be physically present at...more
As reported in our October 10, 2018 alert, the Securities and Exchange Commission has amended Rule 15c2-12 (the "Rule"), which governs continuing disclosure by state and local governmental borrowers to add two new material...more
Issuers or obligated persons (together, an "Issuer") of municipal securities will be required to add two new events to the list of reportable material events in their continuing disclosure undertakings entered into after...more
The U.S. Securities and Exchange Commission Enforcement Division recently announced a program intended to resolve violations of federal securities laws regarding continuing disclosures in bond offering documents. The program,...more
Illinois law now requires sales tax revenue sharing agreements to be reported to the Illinois Department of Revenue (IDOR). 65 ILCS 5/8-11-21(c)-(f)....more