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Contractors: Beware the Subordination Clause

Did you know that California is the only state in the country in which mechanics liens are a constitutional right? Tis true. Article XIV of the California Constitution states: Mechanics, persons furnishing...more

Grayson: Only 1 Agency Should Regulate Wall Street  [Video]

July 10 (Bloomberg Law) -- U.S. Representative Alan Grayson, Democrat from Florida, tells Bloomberg Law's Lee Pacchia that the government missed an opportunity in the midst of the financial crisis to consolidate the...more

Virginia Court Declares PPP Toll Financing Arrangement Unconstitutional

In many ways, the state of Virginia’s Public-Private Transportation Act (PPTA), which allows new, innovative methods of financing from private sources to supplement state funding and public debt financing, has been a model...more

PA Tax Law News -- May 2012

IN THIS ISSUE: Long Awaited Tech One Associates Decision; Philadelphia Common Level Ratio Drama Continues; Court Upholds IFTA Liability; PA Budget Watch; Goodwill Included in Subsidiary Valuation for Holding Company...more

Redevelopment Agencies: Dead, But Not Buried

In California Redevelopment Assn. v. Matosantos, the California Supreme Court sealed the demise of the state’s nearly 400 redevelopment agencies. That decision, however, leaves myriad questions unresolved for communities and...more

Illinois Supreme Court Upholds Bill Funding $3 Billion for School Construction Projects

The Illinois Supreme Court recently upheld the constitutionality of legislation involving a $3 billion state construction program funded in part by the legalization of video poker, which would be permitted in bars and...more

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