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Public Finance Public Private Partnerships (P3s)

Bilzin Sumberg

A Brief Introduction to Tax Increment Financing

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Tax Increment Financing (TIF) is a financing tool used by local governments to fund economic development projects. In Florida, TIF is most commonly associated with Community Redevelopment Agencies (CRAs), which have statutory...more

Orrick, Herrington & Sutcliffe LLP

United States Senate Amendment 2137 to House Resolution 3684 Passes United States Congress 228 to 206

The following is a high-level summary of key components of the "Infrastructure Investment and Jobs Act" that will meaningfully impact the infrastructure / public-private partnership ("P3"), renewable energy and public finance...more

Orrick, Herrington & Sutcliffe LLP

United States Senate Amendment 2137 to House Resolution 3684 Passes United States Senate 69‐30

The following is a high-level summary of key components of the “Infrastructure Investment and Jobs Act” that will meaningfully impact the infrastructure / public-private partnership (“P3”), renewable energy and public finance...more

Orrick, Herrington & Sutcliffe LLP

Cash Flow and Budget Relief for Local Governments and Borrowers in California

As a result of the COVID-19 virus, local governments in California are facing sudden, unexpected, unprecedented, dramatic shortfalls or delays in a number of their core revenue streams, in some cases combined with...more

Nossaman LLP

Proposed House Ways and Means Committee Tax Bill Would Eliminate All PABs

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Last week the House Republican leadership unveiled its much anticipated US tax reform bill. The bill proposes the most sweeping changes to the tax code in 30 years—since the 1986 Tax Act, which by the way imposed many of the...more

Nossaman LLP

New Management Contract Rules Hot Topic At NABL Conference

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Over a thousand US public finance attorneys converged on the City of Chicago last week for the annual National Association of Bond Lawyers Bond Attorneys Workshop. The conference, the oldest and largest of its kind, featured...more

Sherman & Howard L.L.C.

IRS Issues New Management Contract Safe Harbors

On Monday, August 22, the Internal Revenue Service (“IRS”) issued Revenue Procedure 16-44 (“Rev. Proc. 16-44”), which revises and expands the safe harbor provisions for long-term management contracts relating to property...more

Bracewell LLP

Management Contracts & Private Business Use–IRS Releases Favorable Guidance

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Coming as welcome news to those involved in the municipal bond market, Revenue Procedure 2016-44 provides helpful guidance for governmental issuers and 501(c)(3) borrowers entering into long-term contracts with private...more

Nossaman LLP

Top Public Finance Attorneys Urge Regulatory Changes to Foster More P3’s

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We all know how hard it is to change federal statutes these days—you need an Act of Congress and the President to sign the bill. Last week, a group of the top public finance lawyers in the US offered an approach relating to...more

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