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Municipalities U.S. Treasury

Holland & Knight LLP

Treasury Department and IRS Release Final Regulations on the Direct Payment of Tax Credits

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS on March 5, 2024, released final regulations regarding the direct payment of tax credits under Section 6417 of the Internal Revenue Code (Elective Payment of Applicable Credits)....more

Bricker Graydon LLP

ARPA final rule - The “B-sides collection”: Seeding revolving loan funds

Bricker Graydon LLP on

Continuing our series of articles reviewing the lesser publicized aspects of the new American Rescue Plan Act (ARPA) guidance (hence, the “B-sides” moniker), we address the U.S. Treasury’s issued guidance as to using federal...more

Best Best & Krieger LLP

ARPA Guidance for Municipalities

Six Main Categories for Recipients, Writes Attorneys Ana Schwab, Andre Monette and Gerard Lavery Lederer in PublicCEO - The U.S. Treasury rolled out its Interim Final Rule on Coronavirus State and Local Fiscal Recovery...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - November 2020 #2

WilmerHale on

As lawmakers debate whether to extend the Federal Reserve’s emergency loan programs, Congressional Oversight Commissioners are divided on the issue. The New York Times reported that Commissioner Senator Pat Toomey (R-PA) is...more

Jackson Walker

CARES Act Update – Federal Reserve and U.S. Treasury Establish Municipal Liquidity Facility to Provide Financial Assistance to...

Jackson Walker on

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more

Ballard Spahr LLP

Federal Government Steps Up Monitoring of Distressed Municipalities

Ballard Spahr LLP on

Multiple news outlets have reported that the U.S. Treasury Department has created an Office of State and Local Finance tasked with monitoring the distressed local government sector of the municipal finance market. Kent...more

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