Sometimes the first step to solving (or mitigating or avoiding) problems is to identify what the problem may be to, among other things, put time on one’s side.
For issuers of tax-exempt municipal bonds, there tend to be...more
9/1/2023
/ Aggregation Rules ,
Arbitrage ,
Bond Financing ,
Debt ,
Internal Revenue Code (IRC) ,
Municipal Bonds ,
Municipal Securities Issuers ,
Reimbursements ,
Safe Harbors ,
Tax Exemptions ,
Termination Payments
Recent Rule 15c2-12 Amendments -
The Securities and Exchange Commission (the SEC) on August 20, 2018, announced that it has adopted amendments (the 2018 Amendments) to Rule 15c2-12 of the Securities Exchange Act of 1934....more
Although not intended to be classics of literature, we have found tales of two municipalities and their Chapter 9 bankruptcies. One was warm and prosperous and on the West Coast, whose housewives we have followed in the age...more
Legislation (Senate Bills No. 901, 902, 903 and 904 (SB 901, SB 902, SB 903 and SB 904)) has been introduced in the Pennsylvania General Assembly that, if passed, in whole or in part, could significantly affect certain types...more