On February 21, 2024, the Pennsylvania Supreme Court (the "PA Supreme Court") issued its decision in Ursinus College v. Prevailing Wage Appeals Board. The Pa Supreme Court unanimously affirmed the Pennsylvania Commonwealth...more
On August 4th, the Pennsylvania Commonwealth Court (the “Court”) issued its decision in Ursinus College v. Prevailing Wage Appeals Board. The Court reversed a decision by the Prevailing Wage Appeals Board (the “Board”) in...more
Recently approved Senate Bill No. 554 amends the Pennsylvania Sunshine Act, 65 Pa.C.S. §§ 701-716, to bring additional transparency to government decision-making. Currently, the Sunshine Act requires political...more
On October 30, 2020, the U.S. Department of Health and Human Services (HHS), Office for Civil Rights (OCR) announced a $202,400 Resolution Agreement and Corrective Action Plan (CAP) with the City of New Haven, Connecticut...more
On October 19, 2018, the Treasury Department issued much-anticipated guidance on Qualified Opportunity Funds (QOFs) and investments in them. QOFs are very attractive investments for investors who have recognized capital gains...more
On November 9, 2017, the Chairman of the Senate Finance Committee (the “Chairman”) released a conceptual outline of the Chairman’s tax reform proposal. Unlike the Tax Cuts and Jobs Act, H.R. 1, which was voted out of the...more
New legislation in Pennsylvania expands the permissible financial products in which municipalities, school districts and municipal authorities may invest. Recently approved Pennsylvania legislation (Act No. 10 of 2016, the...more
Earlier this year, Pennsylvania adopted legislation permitting the establishment of "City Revitalization and Improvement Zones" in select cities in the Commonwealth. Once established, certain tax payments from businesses in...more
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
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
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
In This Issue:
- SEC Charges Municipal Bond Issuer with Securities Fraud for Misleading Statements on Issuer’s Website
- State v. Brown Affords Managers in the Mortgage Processing Industry a Cautionary Tale
-...more
5/24/2013
For the first time, the Securities and Exchange Commission has charged a municipality with securities fraud for misleading statements made outside of the municipality's securities disclosure documents....more
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
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