Finance & Banking Law | JD Supra Legal News, Updates, Analysis, & Information

Amendment to the Administrative Code of the City of New York Requiring Mortgagees to Notify the Department of Housing Preservation...

by Cullen and Dykman LLP on 5/22/2012

Introduction No. 501-A, titled A Local Law to amend the administrative code of the city of New York, in relation to notification by a mortgagee commencing an action to recover residential real property, was approved by the...more

Legislature Adjourns Sine Die

by Winthrop & Weinstine, P.A. on 5/14/2012

The State Legislature finalized three major bills—the tax bill, bonding bill, and the stadium bill—this week after long floor debates and dozens of amendments. Lawmakers ultimately put their stamp of approval on the three...more

Capital Thinking Update - April 23, 2012

by Patton Boggs LLP on 5/1/2012

General Legislative On Monday, April 23, 2012, the House will meet in pro forma session at 11:00 a.m. with no votes expected. On Tuesday, April 24, the House will meet at 12:00 p.m. for morning hour and at 2:00 p.m. for...more

Shale Gas: What Is New in China?

by Dechert LLP on 4/19/2012

The National Development and Reform Commission, China’s Ministry of Finance, the Ministry of Land and Resources (MLR), and the National Agency of Energy on March 13, 2012 jointly published the first five-year plan for...more

Renewable Energy Projects: Tax-Exempt and Other Tax-Advantaged Financing

by Orrick, Herrington & Sutcliffe LLP on 4/17/2012

The term “renewable energy” describes energy that comes from natural resources that are naturally replenished, including solar energy, wind energy, geothermal energy, bio-energy, wave power, tidal power and hydroelectricity....more

Fannie Mae Provides Guidance Regarding Chicago Vacant Property Ordinance and Payment of Homeowners’ Association Dues and Condo...

by BuckleySandler LLP on 4/16/2012

On April 11, Fannie Mae published Servicing Guide Lender Letter LL-2012-04, which follows up on a previous notice regarding the City of Chicago’s (the City) vacant property ordinance. Effective May 1, 2012, servicers will be...more

Tax Increment Finance (TIF) Heats Up

by Davis, Brown, Koehn, Shors & Roberts, P.C. on 4/9/2012

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

HB503 and SB1986: More New 2012 Florida Legislation That Impacts Florida Real Estate Developers and Investors

by Rosa Eckstein Schechter on 3/23/2012

The Florida Legislature was very busy this month, getting legislation passed and over to Governor Rick Scott's desk before the end of the 2012 Legislative Session this month. Lots of people are still combing through all the...more

Legislature Meets First Committee Deadline

by Winthrop & Weinstine, P.A. on 3/19/2012

The Minnesota Legislature had a busy week at the Capitol, working to meet their first deadline. The deadline for committees to act favorably on bills in the house of origin is midnight on Friday. Committees must act favorably...more

$3.6 Billion dollars has recently been announced as awarded by the Treasury to New Market Tax Credits allocates

by Reed Smith on 3/8/2012

The New Markets Tax Credit (“NMTC”) program is administered by Treasury Department’s Community Development Financial Institutions (“CDFI”) Fund. The program is designed to stimulate job creation, and encourage investment in...more

Florida State Budget Provides Hope for Better Economic Future With Various Incentives

by Rosa Eckstein Schechter on 3/7/2012

This week, the Florida Legislature finalized the $70 billion state budget and ended debate in the House and Senate on how Florida state tax dollars should be spent. Included within the Florida budget are the following...more

Pennsylvania and West Virginia Move Tax-Break Bills to Lure Petrochemical Plant, Hundreds of Jobs

by Duane Morris LLP on 3/1/2012

Originally published in Marcellus Shale Law and Policy Update A legislative proposal that would expand Pennsylvania's tax-incentive zones is one of the lures the state is using to convince Shell Oil Company to...more

Q&A With Kirton & McConkie's William Meaders

by Kirton McConkie PC on 2/17/2012

Law360, New York (February 16, 2012, 1:27 PM ET) -- William A. Meaders Jr. is a member of the real property and land use planning practice section at Kirton & McConkie PC in Salt Lake City, and sits on the firm’s board of...more

Redevelopment Update: New Legislation and Designation of Successor Agencies

by Manatt, Phelps & Phillips, LLP on 1/20/2012

Despite the launch of two bills — one that would delay the effective dissolution date of redevelopment agencies (RDAs) across the state and another that would allow cities to retain affordable housing funds — cities are...more

A New Year, a New Outlook on the Economic Benefits of Cleaning Up the Bay?

by Sands Anderson PC on 1/11/2012

Last week, Virginia submitted its 2012-2013 Chesapeake Bay Milestones to the Environmental Protection Agency. They will be available shortly on the Virginia Bay TMDL website at...more

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Finance & Banking – May 23, 2012

Narrowed by: Zoning, Planning & Land Use