News & Analysis as of

State and Local Government Debt

Frost Brown Todd

Texas HB 19 Takes Aim at Local Government Debt and Tax Practices

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Perhaps the most impactful public finance bill making its way through the Texas Legislature currently is House Bill 19 (HB 19). The bill is largely an amalgamation of other bills filed this session (notably, House Bill 1453...more

Winthrop & Weinstine, P.A.

Legislative Top 5: Special Edition - Minnesota Projects Budget Surplus for Fiscal Year 2026-2027

Minnesota Management and Budget (MMB) delivered the delayed February budget and economic forecast today. While MMB projects a $456 million surplus for the FY 2026-27 biennium, this projected surplus is now $160 million lower...more

Winthrop & Weinstine, P.A.

Legislative Top 5 - March 2025

February Forecast Shows Worsening Budget Outlook - Minnesota Management and Budget (MMB) delivered the delayed February budget and economic forecast yesterday. While MMB projects a $456 million surplus for the FY 2026-27...more

Offit Kurman

Will 2025 Bring Greater Equity Investment and Debt Financing in NJ? NJ Aspire 3.0 aspires to do just that.

Offit Kurman on

On January 23, 2025, Governor Phil Murphy enacted significant amendments to the New Jersey Aspire Program by signing Senate Bill 1323/Assembly Bill 2076 into law. The amendments, collectively referred to as “NJ Aspire 3.0”...more

Cozen O'Connor

Pennsylvania Perspective for Monday, January 13, 2025

Cozen O'Connor on

New Leadership for PA General Assembly Committees- The Pennsylvania General Assembly has appointed new chairs for its 52 standing committees, which play a crucial role in discussing, amending, and approving legislation,...more

ArentFox Schiff

Mega-Trends Impacting Municipal Market

ArentFox Schiff on

We are at the initial stages of a major paradigm shift that has significant implications for the municipal market over the next five to 10 years. A number of societal mega-trends will present material challenges for the...more

Troutman Pepper Locke

Arizona, Kentucky, and Hawaii Become Latest States to Introduce Legislation to Regulate Earned Wage Access Products

Troutman Pepper Locke on

Recently, Arizona, Kentucky, and Hawaii have jumped on the bandwagon to regulate earned wage access (EWA) products and services. Arizona’s proposed bill makes clear that EWA services are not considered to be loans or money...more

Ballard Spahr LLP

CO and NY enact laws to prevent reporting of medical debt to credit bureaus

Ballard Spahr LLP on

Colorado and New York are not waiting for the Fair Credit Reporting Act rulemaking to eliminate creditor use of medical debt announced by the CFPB in September 2023. As we previously blogged, in the past two years, Equifax,...more

Ballard Spahr LLP

Debt Management Company to Pay $110k in Refunds to Customers under Agreement with Colorado Attorney General’s Office

Ballard Spahr LLP on

Colorado Attorney General Phil Weiser announced a recent agreement between Florida-based debt management company Touchstone Partners, Inc. and the Colorado Department of Law in resolution of Touchstone’s violations of the...more

Goodwin

Delaware ABCs (Assignments for the Benefit of Creditors): No Longer as Easy as 1-2-3

Goodwin on

Companies forced to wind down operations and liquidate their assets often choose a liquidation process known as an ABC (Assignment for the Benefit of Creditors). An ABC is usually more streamlined, requires fewer public...more

Cadwalader, Wickersham & Taft LLP

Puerto Rico’s Plan of Adjustment ‘Goes Effective’

On March 15, 2022, the Financial Oversight and Management Board for Puerto Rico announced that the Plan of Adjustment for the Commonwealth of Puerto Rico became effective, more than four years after Puerto Rico commenced...more

Ballard Spahr LLP

New York reduces judgment rate on consumer debts to 2%

Ballard Spahr LLP on

On December 31, 2021, New York Governor Hochul signed into law S5724-A which reduces the annual rate of interest on judgments arising out of a consumer debt where the defendant is a natural person from 9% to 2%.  The laws...more

Lowenstein Sandler LLP

Residential Evictions: What Tenants Need to Know - October 2021

Lowenstein Sandler LLP on

LOCKOUTS - Can I be locked out of my home during the ongoing COVID-19 emergency? Maybe. Whether you can qualify for protection from eviction depends on your household income and your completion of a sworn...more

K&L Gates LLP

COVID-19: Washington State Resource Guide for Individuals Dealing with COVID-19 Financial Impacts

K&L Gates LLP on

This guidebook is designed to serve as an interactive reference for individuals in Washington state looking for information and resources available to help with the financial impacts of COVID-19. It is not legal advice and...more

Schwabe, Williamson & Wyatt PC

Debt Forces County’s Hand—King County’s Debt Forces Property Owners to Make Second Half 2020 Property Tax Payments on Usual...

On September 17, 2020, King County announced that, despite the ongoing pandemic and economic uncertainty, property owners would not receive an extension on the property tax bill corresponding to the second half of 2020. In...more

McGlinchey Stafford

Am I subject to the Fair Debt Collection Practices Act?

McGlinchey Stafford on

The Bullet Point: An Ohio Commercial Law Bulletin Am I subject to the Fair Debt Collection Practices Act? Civil Liability for Criminal Act Buddenberg v. Weisdack, Slip Opinion No. 2020-Ohio-3832 In this case, the...more

Cadwalader, Wickersham & Taft LLP

2019 Year in Review: Securitization Litigation and Regulation

There were significant developments in 2019 as courts continued to issue important decisions in this space and significant legislation impacting the residential mortgage-backed securities (“RMBS”) market came into effect.  A...more

Cadwalader, Wickersham & Taft LLP

Illinois Judge Holds That Courts Cannot Rule Retroactively on Validity of State Debt

On August 29, 2019, an Illinois court denied a petition by a political activist and a hedge fund seeking leave to file a lawsuit claiming that approximately $16 billion of Illinois’s general obligation bonds (“GO Bonds”) were...more

Ballard Spahr LLP

New York adopts amendments addressing collection of family member debts

Ballard Spahr LLP on

On December 28, 2018, New York Governor Cuomo signed into law amendments to the state’s General Business Law (GBL) that address the collection of family member debts.  The amendments made by Senate Bill 3491A become effective...more

Troutman Pepper Locke

Connecticut Places Additional Requirements on Judgement Lienholders

Troutman Pepper Locke on

Connecticut Governor Dannel Malloy recently signed a new bill into law that helps Connecticut consumers understand how much they would need to pay in order to satisfy a judgement lien....more

Patterson Belknap Webb & Tyler LLP

Hartford Lifeline: Connecticut is Poised to Bail Out Its Struggling Capital

In September, we reported on the possible bankruptcy of Connecticut’s capital city and questioned whether anything short of a State-led bailout could save the City from its crippling deficit and mounting debt service...more

Best Best & Krieger LLP

Legislation Establishes New Reporting Requirements for State and Local Debt Obligations

Annual Reports Filed with the California Debt and Investment Advisory Commission Must Include Additional Information - State and local agencies that issue debt must now file new specified information in the annual...more

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