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Public Funds

Bricker Graydon LLP

New Morrow County Engineering Facility Will Have Huge Impact

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Thanks to a partnership among the Morrow County Development Authority, the Board of Morrow County Commissioners, and the Morrow County Engineer, the county will get a new engineering facility that will reduce costs, increase...more

Goodwin

Irreconcilable? The EU’s Article 8 and “Anti-ESG” Investor Demands

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As the market continues to evolve with the dynamics of sustainable finance legislation, managers are often facing challenges in how to best navigate competing investor demand and sentiment on environmental, social, and...more

Amundsen Davis LLC

Illinois is Expanding its Prevailing Wage Law Yet Again: Power Washing “Things” Will Soon Be Covered

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On July 28, 2023, Governor Pritzker signed into law a number of amendments to Illinois’ Prevailing Wage Act (IPWA), including HB 3370, which amends the IPWA to include “power washing.” Specifically, the term “public works”...more

Amundsen Davis LLC

Illinois Green Lights Further Expansion of its Notorious Prevailing Wage Law: All Work Related to Traffic Light and Street Light...

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On July 28, 2023, Governor Pritzker signed into law a number of amendments to the Illinois Prevailing Wage Act (IPWA), including HB 3792, which amends the IPWA to include, among other things, all work related to fixtures or...more

Roetzel & Andress

Ohio Auditor of State Issues New Guidance on School Board and Employee Involvement in Levies and Bond Issues

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The Ohio Auditor of State (“AOS”) issued new guidance on the prohibition in Ohio Revised Code 9.03 against the use of public funds to support levies and bond issues. The guidance consists of answers to frequently asked...more

MG+M The Law Firm

Delaware Tenants Get Their Own Miranda Rights

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On June 14, 2023, the Delaware General Assembly passed Senate Bill (the Bill), an act to amend the Delaware Landlord–Tenant Code1 giving many tenants a right to representation. The Bill aims to provide low-income families,...more

Holland & Knight LLP

New Florida ESG Law Impacts Rating Agencies, Market Participants, Municipal Issuers

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The Florida Division of Bond Finance published a notice (the Notice) on June 29, 2023, providing guidance on Florida House Bill 3 (HB 3), which was signed into law on May 2, 2023, by Gov. Ron DeSantis. HB 3, in part,...more

Holland & Knight LLP

New Florida Law Prohibits Use of ESG Factors in Government Investment and Procurement Decisions

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Florida Gov. Ron DeSantis on May 2, 2023, signed into law CS/CS/HB 3, which passed the Florida Legislature during the 2023 regular session and becomes effective on July 1, 2023. CS/CS/HB 3 – now codified at 2023-28, Laws of...more

Mintz - Energy & Sustainability Viewpoints

New ESG Requirements for Banks that Hold Public Funds May Raise Challenging Compliance Issues

Much ink has been spilled about ESG laws and regulations targeted at the investment of public funds, and rightfully so.  Yet, there has been little discussion of novel requirements imposed on banks that simply hold state or...more

Morgan Lewis

FSA Responds to Public Comments on Its ESG Public Fund Guidelines

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The Financial Services Agency of Japan (FSA) published its responses to public comments on the draft version of new guidelines on environmental, social, and governance (ESG) public funds on March 31. This LawFlash discusses...more

Shutts & Bowen LLP

HB-3: An Overview of ESG Factors Relating to Public Funds Investment and Financial Industry Impacts

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On May 2, 2023, Florida Governor Ron DeSantis signed into law HB 3, also known as “An Act Relating to Government and Corporate Activism (the “Act”). The Act amends Florida Statute provisions relating to (i) deposits and...more

Seward & Kissel LLP

Offshore Wind Public Funding

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Background Offshore wind is the renewable energy industry’s newest darling. Federal and state funding opportunities have abounded in the wake of increasingly available and reliable technologies to implement the green energy...more

Conyers

Funding African Investments

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British Virgin Islands funds can be helpful to African investors and businesses in a number of ways. BVI Counsel Nicholas Kuria discusses the various options with Africa Legal. Originally published on Africa Legal -...more

Morgan Lewis

Japan Proposes New Guidelines on ESG Public Funds in Response to ‘Greenwashing’ Concerns

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With a view toward promoting environmental, social, and governance (ESG) investments and building a more sustainable society, the Japan Financial Services Agency (FSA) has proposed new guidelines that define the scope of ESG...more

Foley & Lardner LLP

Hurricane Ian: Public Assistance Funding Extended for Certain Health Care Facilities in Florida

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Health care facilities and certain other nonprofits have new opportunities for Federal public assistance funds, but they must act quickly. On October 4, 2022, President Biden amended the Hurricane Ian Major Disaster...more

K&L Gates LLP

European Commission Greenlights Second Important Project of Common European Interest in the Hydrogen Value Chain

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On 21 September, the European Commission (Commission) approved, under State Aid rules, the project IPCEI Hy2Use (IPCEI Hy2Use) as the second Important Project of Common European Interest (IPCEI) to support research and...more

Fox Rothschild LLP

Contractors Cannot Go Upstream Against The State of New Jersey In Prevailing Wage Class Action

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A favorite tactic of the New Jersey Department of Labor, in a prevailing wage case, where the subcontractor cannot pay the assessments, is to go “upstream” against the General Contractor or developer. Private companies can do...more

Cadwalader, Wickersham & Taft LLP

SMArt Due Diligence - April 2022 | Issue No. 171 - Due Diligence on Public Funds in Funds-of-One

Fund Finance Friday has previously reported on the continuous rise of public pension money in private equity. Generally, such investments are made in commingled funds with a diversified group of investors, but we also...more

Jones Day

EU Chips Act: The EU's Push for Semiconductor Autonomy

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Background  - Recent supply disruptions in the semiconductor industry have highlighted the dependence of many global economies, including the EU, on imported chips manufactured in Asia....more

Cozen O'Connor

Notice of Appeal - A quarterly newsletter reviewing Third Circuit opinions impacting white collar defense lawyers - Winter 2022

Cozen O'Connor on

Defendants Cannot Move for Compassionate Release Based Solely on Post-Sentencing Cooperation- United States v. Claude (October 27, 2021), No. 20-3563- BACKGROUND- Defendant sought compassionate release to reduce his...more

Fox Rothschild LLP

Another Unwarranted Expansion Of The Reach Of Prevailing Wage Laws—Construction Employers Must Take Heed!

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I have blogged many times on prevailing wage issues and, of late, have commented on the unwarranted expansion of these laws. Well, here’s another one. The State of New York enacted an enhancement of its prevailing wage law,...more

Cole Schotz

New York Significantly Expands Application of Prevailing Wage Requirements

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On January 1, 2022, an expansion of prevailing wage law in New York will become effective. The new law will significantly increase the universe of construction projects subject to prevailing wage requirements...more

Cozen O'Connor

The State AG Report - Volume 7, Issue 28

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Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: - Google Play Store Targeted in Multistate...more

Cozen O'Connor

Indiana Charter Schools Accused Of Misappropriating Public Funds

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Indiana AG Todd Rokita sued virtual charter school operator Indiana Virtual Educational Foundation and related entities and individuals (collectively, “IVEF”) for misappropriating public funds under the theory of malfeasance,...more

McDermott Will & Emery

Strategic Impact Financing helps UNICEF Champion Global Children’s Education

THE CHALLENGE: Around the world, we face a crisis in education. Situations ranging from wartime destruction to the COVID-19 pandemic interrupt children’s learning, which can lead to higher levels of illiteracy and economic...more

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