George Magnatta

George Magnatta

Saul Ewing LLP

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Latest Posts › Direct Pay Bonds


Automatic Reductions in Subsidy Payments for Certain Direct Pay Bonds will Continue for Fiscal Year 2014

Pursuant to the requirements of the Budget Control Act of 2011 and the American Taxpayer Relief Act of 2012, on March 1, 2013, President Obama signed an Executive Order reducing the budgetary authority in accounts subject to...more

10/2/2013 - American Taxpayer Relief Act Budget Control Act of 2011 Direct Pay Bonds Executive Orders Federal Budget Sequestration Subsidies

Certain Direct Pay Bonds Subsidy Payments to be Reduced

An Executive Order signed by the President on March 1, 2013 will trigger automatic reductions in subsidy payments for certain Direct Pay Bonds. Pursuant to the requirements of the Budget Control Act of 2011 and the...more

3/5/2013 - Barack Obama Direct Pay Bonds Sequestration Spending Cuts

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