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Redevelopment 2.0 -- Infrastructure Financing Districts Approved for Redevelopment Project Areas

Despite being destroyed and dismantled, redevelopment in California has been born once again, this time reincarnated under the name of "Infrastructure Financing Districts." Last week, Governor Brown signed into law AB 471,...more

Senate Finance Committee Tax Reform Proposal Streamlines Energy Tax Credits

On December 18, 2013, Senate Finance Committee Chairman Max Baucus (D-MT) released a proposal that would streamline energy tax incentives to make them more predictable and technology neutral. The proposal would consolidate...more

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

Capital Thinking: Transportation and Infrastructure

LEGISLATIVE ACTIVITY - INFRASTRUCTURE BANK LEGISLATION - Sen. Mark Warner (D-VA) is expected to introduce an infrastructure bank bill during the week of September 16 that is similar to the 2011 “BUILD Act,”...more

Senate Committee on Environment and Public Works Holds Oversight Hearing on TIFIA, Nossaman Partner Testifies

Showing concern for the TIFIA JPO’s slow pace of credit approvals for major US transportation, on July 24, 2013, the Senate Committee on Environment and Public Works conducted an oversight hearing on the implementation of the...more

Rogers Towers: Florida House Bill 909 (2013): A Sigh of Relief for Water Mitigation Contractors and Restoration Companies

This past spring, the insurance and banking lobbies created quite a stir in the water and fire damage mitigation and restoration industry....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

Proposed 2014 Budget Encourages Private Investment in Infrastructure

This week, the Obama administration released its proposed budget for the 2014 fiscal year. Notably, the budget encourages private investment in infrastructure projects through various liberalizations of the tax laws relating...more

Illinois House Considers Bill to Allow “Bonding Off” of Mechanics Liens

Lenders in Illinois might want to take note of pending Illinois House Bill 2804. The bill would amend the Mechanics Lien Act, so as to allow “bonding off” of mechanic liens for the first time in Illinois. Nearly every state...more

How Sequestration May Impact Government Construction Contracts

Pursuant to the Budget Control Act of 2011, sequestration is the process by which automatic across-the-board spending cuts are being imposed on government programs. Because Congress was unable to reach an agreement by its...more

Distressed Condominium Relief Act Extended

On Friday, April 6, 2012, Governor Rick Scott signed HB 517 which contains a provision extending the Distressed Condominium Relief Act (Act) otherwise due to sunset July 1, 2012. The Act was adopted in 2010 as a way to...more

Tax Increment Finance (TIF) Heats Up

Tax Increment Finance continues to be a hot topic at the capitol. The House has its bill, HF2460, on the calendar for debate in the House. Many groups interested in economic development are following this legislation and are...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

Massachusetts Legislature Passes Permit Extension Act As Part of Economic Development Legislation

In the final hours of the session, the Massachusetts Legislature passed sweeping economic development legislation which included, as section 173, what has come to be known as the Permit Extension Act. The purpose of the...more

NEPA Compliance for Projects Funded Under the American Recovery and Reinvestment Act of 2009: Is Your Project "Shovel Ready"?

The American Recovery and Reinvestment Act of 2009 ("ARRA"), provides a $787 billion economic stimulus package with funding for investments in infrastructure, energy, healthcare, education and science, among other sectors....more

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