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NREPA Amendment Prioritizes Unpaid Lake Level Assessments

Unpaid lake level special assessments levied on state-owned lands pursuant to Part 307 (Inland Lake Levels) of the Natural Resources and Environmental Protection Act (NREPA) will now receive priority for payment under the...more

New Drain Code Amendments Signed into Law

On Dec. 29, Governor Whitmer signed two Drain Code amendments into law—House Bills 5126 and 5504, now Public Acts 281 and 291, respectively. Public Act 281 does not go into effect until March 29, 2021, however Public Act 291...more

SEC Proposes Far-Reaching Expansion of Municipal Securities Disclosure to Include Bank Loans and Other Financial Obligations

The Securities and Exchange Commission (the "SEC") is proposing to amend its Rule 15c2-12 to expand the list of event disclosures that must be provided by issuers of municipal securities ("issuers") and conduit borrowers...more

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