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Public Finance State and Local Government

Bass, Berry & Sims PLC

Public Finance Legislative Update from the Final Session of the 113th Tennessee General Assembly

In the Final Session of the 113th General Assembly, Tennessee legislators focused particularly on public-private partnerships that aid in the creation of housing. The Bass, Berry & Sims Public Finance team tracked bills...more

Maynard Nexsen

Project Catalyst: An Economic Development Podcast | Ep. 3: Secretary Harry Ligthsey, SC Department of Commerce

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Host Tina Emerson is joined by Tushar Chikhliker, Maynard Nexsen's Economic Development Practice Group Leader, for a conversation with South Carolina Secretary of Commerce Harry Lightsey. They cover a range of topics, from...more

Orrick, Herrington & Sutcliffe LLP

Sweeping Measure to Limit Ability of State and Local Governments in California to Raise Revenues

Voters in California may cast ballots this November on a proposal to make substantial changes to the California Constitution involving taxation and related government powers. Initiative 1935, the so-called “Taxpayer...more

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

Bricker Graydon LLP

Intensive Care for Hospital Finances: Economic Development Tools

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Like many industries across the nation, Ohio’s hospitals are experiencing tight margins, rising costs, and increased demands for medical services. In Ohio, local governments have the power to administer economic...more

Burr & Forman

Georgia Appellate Court Overturns Lower Court's Denial of Bond Incentives for Rivian Investment

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On April 28, 2023, the Georgia Court of Appeals reversed the ruling of the Morgan County Superior Court and approved $15 billion in bonds for Project Tera, a 2,000-acre Rivian Horizon LLC (“Rivian”) electric truck plant...more

Bass, Berry & Sims PLC

Public Finance Tennessee Legislative Update from the First Session of the 113th General Assembly

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In the First Session of the 113th General Assembly, Tennessee legislators sponsored numerous bills that impacted local governments in some measure. Due to this uptick in legislative activity, the Bass, Berry & Sims Public...more

Orrick, Herrington & Sutcliffe LLP

Burned by BABs, Issuers Look for a Way Out

Between April 2009 and December 31, 2010, state and local governments borrowed more than $181 billion through the issuance of 2,275 separate issues of Build America Bonds, which were authorized under the federal American...more

Orrick, Herrington & Sutcliffe LLP

Texas School Bond Election Timeline for November 2022 Elections

For school districts and community college districts considering November 8, 2022 bond elections. The statutory deadline to adopt the Election Order is Monday, August 22, 2022....more

Orrick, Herrington & Sutcliffe LLP

School Bond Election Timeline for November 2022 Election

For school districts and community college districts considering November 2022 bond elections. The statutory deadline to submit the Resolution Calling the Election is August 12, 2022, but some counties have earlier deadlines...more

Orrick, Herrington & Sutcliffe LLP

Post-Issuance Tax Compliance and Continuing Disclosure Responsibilities for Issuers and Borrowers of Tax-Exempt Bonds (Second...

The tax-exempt bond market is perennially under heightened scrutiny by various regulators, including the Internal Revenue Service (the "IRS"), the United States Securities and Exchange Commission (the "SEC") and the Municipal...more

Orrick, Herrington & Sutcliffe LLP

Infrastructure Investment and Jobs Act

In November, the bipartisan Infrastructure Investment and Jobs Act (the “Act”) was enacted into law. In addition to reauthorizing existing programs, the Act adds $550 billion in funding for new infrastructure investments,...more

Pullman & Comley, LLC

Funding Opportunity Available Through the DECD Under the CT Communities Challenge Grant Program

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The State of Connecticut’s Department of Economic and Community Development (“DECD”) is offering a competitive grant application process to fund multiple projects under the CT Communities Challenge Grant Program (the...more

Orrick, Herrington & Sutcliffe LLP

Orrick Public Policy Podcast #25 – A Conversation with the California State Senate Majority Leader Robert M. Hertzberg

In our latest episode, Public Policy Practice Group Leader Jeremy Kudon and Justin Cooper, Finance Sector Leader and a member of our Public Finance practice, spoke with California Senate Majority Leader Bob Hertzberg about...more

Best Best & Krieger LLP

New Public Agency Laws on Safety, Finance, Contracting and More

Part 1: New Laws Impacting California Public Agencies for 2021 - With the unique challenges that 2020 brought, California lawmakers passed bills that addressed both the State’s ongoing problems, as well as laws responsive...more

Nossaman LLP

San Luis Obispo Regional Transportation Authority Closes First TIFIA Loan Under Rural Projects Initiative

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On September 3, 2020, San Luis Obispo Regional Transportation Authority (SLO RTA) closed the first TIFIA loan under the U.S. Department of Transportation’s (Department’s) Transportation Infrastructure Finance and Innovation...more

Ballard Spahr LLP

NJ Supreme Court Upholds COVID-19 Emergency Bond Act

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The Supreme Court of the State of New Jersey upheld the New Jersey COVID-19 Emergency Bond Act (the Act), authorizing the State to issue up to $9.9 billion in state borrowing either through general obligation bonds or...more

Ballard Spahr LLP

NJ Passes COVID-19 Emergency Bond Act

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New Jersey Gov. Phil Murphy signed into law the New Jersey COVID-19 Emergency Bond Act (the “Act”) on July 16, 2020. The Act authorizes the issuance of New Jersey State bonds up to $9.9 billion to respond to financial issues...more

Pullman & Comley, LLC

Executive Order 7W Extends Tax Relief Programs to Quasi-Municipal Corporations and Revises Tax Relief Time Periods

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On April 9, 2020, Governor Ned Lamont issued Executive Order No. 7W (“Order 7W”) revising several aspects of Executive Order 7S (“Order 7S”) dated April 1, 2020. ...more

Bricker Graydon LLP

Calling all economic developers: Large TIFs may be eligible for a one-time extension opportunity

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In the fall of 2019, the Ohio General Assembly significantly changed state law governing tax increment financing (TIF) exemptions. For certain TIF projects, local communities can extend the exemptions – and, therefore,...more

Orrick, Herrington & Sutcliffe LLP

Final Tax Regulations Offer More Certainty to Opportunity Zone Fund Managers and Investors

Opportunity Zone (or “OZ”) investment was hailed in 2018 and 2019 as the hottest and most innovative way of attracting significant private capital to distressed communities in the United States and its territories by offering...more

Allen Matkins

Governor Proposes To Expand Department Of Business Oversight Authority And Funding

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Last week, Governor Gavin Newsom delivered his proposed budget for California's 2020-2021 fiscal year. The Governor is proposing to rename the Department of Business Oversight as the Department of Financial Protection and...more

Allen Matkins

Governor Signs Bill Authorizing Public Banks - What Could Possibly Go Wrong?

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Yesterday, Governor Gavin Newsom signed AB 857 into law. The bill authorizes local agencies to establish so-called "public banks", subject to approval by the Department of Business Oversight and Federal Deposit Insurance...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Arkansas Natural Resources Commission Accepting Levee Grant Funding Applications

Governor Hutchinson and Arkansas lawmakers have set aside $10 million in available grant funds for the construction and maintenance of levee projects. Levee districts located within the declared national disaster areas...more

Best Best & Krieger LLP

"Qualified Electors" Under Mello-Roos Community Facilities Act are Registered Voters, Not Landowners, Court Says - A California...

The California Constitution requires cities, counties and special districts imposing a special tax to obtain a two-thirds vote of the “qualified electors” of such entity. The Mello-Roos Community Facilities Act of 1982 states...more

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