News & Analysis as of

State and Local Government Bonds

Holland & Knight LLP

Commerce Department Announces BEAD Program State Funding Totals

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The U.S. Department of Commerce on June 26, 2023, announced funding for each state, U.S. territory and the District of Columbia for high-speed internet infrastructure development through the Broadband Equity Access and...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

Parker Poe Adams & Bernstein LLP

Amendments to North Carolina Bond Referendum Process: New Statement of Disclosures and Other Requirements

As local governments head into budget preparation and planning season, we want to make sure you are aware of important changes the North Carolina legislature made to the general obligation bond referendum process. On July 8,...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

Coblentz Patch Duffy & Bass

The June 2022 San Francisco Ballot: Measures to Watch

San Francisco voters will again confront a formidable ballot during the special election on June 7, 2022, with an array of ballot propositions to consider. Key land use-related measures are as follows...more

Holland & Knight LLP

Jobs Act Directs Private Activity Bonds to Clean Energy, Carbon Capture

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The bipartisan Infrastructure Investments and Jobs Act (IIJA), signed into law in November 2021, provides a "once in a generation" investment into the nation's infrastructure. In addition to making significant investments in...more

Stinson LLP

2022 Minnesota Legislature Convenes: Historic Budget Surplus Looms

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Unprecedented. - That is how political observers, politicians and media pundits are describing what is in front of the Minnesota legislature and DFL Governor Tim Walz as the legislature sets to convene next Monday,...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report — Legislative Day 4 2022

Week one of the 2022 Legislative Session is in the books. The halls were relatively quiet on Friday as legislators filed in to receive copies of the budgets before sprinting home. ...more

Cozen O'Connor

Broad Street Brief: Public Health Regulations

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As Philadelphia continued to grapple with the pandemic, both City Council and the Kenney administration implemented policies and ordinances that will impact several industries. Below is a summary of the major policy changes...more

Butler Snow LLP

Tax-Exempt Advance Refunding Bonds: History and Legislative Updates

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Prior to January 1, 2018, Section 149(d) of the Internal Revenue Code (26 U.S.C. § 149) and the accompanying Treasury Regulations allowed the issuance of tax-exempt advance refunding bonds. According to that section, a bond...more

McDermott Will & Emery

Weekly IRS Roundup March 22 – March 26, 2021

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Presented below is our summary of significant Internal Revenue Serve (IRS) guidance and relevant tax matters for the week of March 22, 2021 ­­– March 26, 2021... March 22, 2021: The IRS issued Notice 2021-22, providing...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

Stinson LLP

Minnesota Legislature Adjourns in Seven Days: Bonding Projects Will Dominate Discussions

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After learning that the pandemic has left an approximately $2.4 billion hole in Minnesota's general fund budget, legislators are left with only seven days to complete their work before next Monday's May 18 constitutional...more

Pullman & Comley, LLC

Governor Lamont’s Executive Order 7CC Expands Application of a Municipality’s Ability to Authorize Actions Without In-Person...

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Order 7S provided that a municipality’s legislative body and the budget-making authority may authorize certain appropriations, tax anticipation notes, or general obligation bonds or notes without in-person approval by...more

Stinson LLP

2020 Minnesota Legislature Convenes, Bonding will be Top Priority

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With the November 2020 general election on the horizon, the 2020 Minnesota Legislature got to work this week....more

Carlton Fields

Surtax in Gridlock – The Saga of Hillsborough County’s Transportation Surtax Reaches the Florida Supreme Court

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Four hundred and fifty-six days after it was approved by more than 57% of the Hillsborough County electorate, legal challenges to a county charter amendment that added a 1% sales tax designed to finance the county’s...more

Bilzin Sumberg

Opinon: Zoning can be a Cost-Effective Tool for Confronting Climate Change

Bilzin Sumberg on

As a coastal region confronting the impacts of climate change, South Florida must continue to advance urban resiliency and sustainability innovations through public investments, regulations, and private sector incentives that...more

Coblentz Patch Duffy & Bass

Two Affordable Housing Measures Proposed for November Ballot

Two affordable housing measures are currently proposed for the November 5, 2019 ballot: (i) City Charter and Code amendments to encourage certain 100% affordable and teacher housing projects by providing for a streamlined...more

Brooks Pierce

North Carolina Legislative Update - March 2019 #3

Brooks Pierce on

Activity at the General Assembly gained speed this week as the deadline for bill introduction approaches. Legislators in appropriation subcommittees continued to receive presentations regarding the Governor’s budget...more

Pierce Atwood LLP

Under the Dome Special Edition: 2018 Supplemental Summary of New Maine Laws

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We are pleased to provide you with our 2018 Supplemental Summary of New Maine Laws resulting from the Second Special Session of Maine’s 128th Legislature, which adjourned sine die on Thursday, September 13, 2018. The general...more

Verrill

2018 Maine Legislative Update

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Election night is now (mostly) in the books. As the night wore on, the blue tide turned into a blue wave and ended as a mini blue tsunami crashing on the Maine shore. More results are still coming in, but here’s what we know...more

Pierce Atwood LLP

Under The Dome: Inside The Maine State House

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Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Ethics Commission Disburses Funds to Clean Elections Candidates despite Biennial Budget Typo...more

Bracewell LLP

FY 2019 Sequestration Reduction Rate for Direct Pay Tax Credit Bonds Set at 6.2 Percent

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According to the IRS website, the sequester reduction rate applied to payments made to issuers of direct pay tax credit bonds in fiscal year 2019 will be 6.2 percent. This percentage will apply to all subsidy payments...more

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