Joshua Pasker

Joshua Pasker

Saul Ewing LLP

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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

SEC charges municipal bond issuer and underwriter with defrauding investors

For the first time, the Securities and Exchange Commission has charged a municipal bond issuer with securities fraud for falsely claiming that it was compliant with annual disclosure obligations....more

7/31/2013 - Bonds Disclosure Requirements Municipal Bonds Municipalities SEC Securities Fraud

Provisions of Affordable Care Act Could Impact Tax-Exempt Status of Certain Bonds

Certain payment models created under the Patient Protection and Affordable Care Act intended to coordinate care and lower healthcare costs raise questions concerning the tax-exempt status of debt issued by certain healthcare...more

7/11/2013 - Affordable Care Act Deadlines Delays Employer Mandates Healthcare Pay or Play Shared Responsibility Rule Tax-Exempt Bonds U.S. Treasury

Marcellus Shale Impact Fee to Support Certain Projects for Governmental Entities, Councils of Government, Not-For-Profit Entities,...

The Commonwealth Financing Authority has begun accepting applications for five programs established by the Act 13 Marcellus Legacy Fund to support conservation projects and environmental protection measures. On...more

3/7/2013 - Fracking Impact Fees Marcellus Shale Mining Watershed

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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