20 Mar, 2024 TABOR's Tightrope: Navigating Fiscal Terrain in Colorado Contracts By Peter Whitmore Tiffany Leichman Jessie Salas The Taxpayer Bill of Rights (“TABOR”) is part of Article X of the Colorado Constitution. In general, TABOR requires voter approval before...
31 Jan, 2024 LIHTC Fix Back in the Cards By Alejandro Armelles Bello A potential bipartisan deal could bring the “Low-Income Housing Tax Credit (LIHTC) Fix” back to life and, with it, the possibility of a...
08 Jan, 2024 Beyond 'Boring Bonds': SEC Settles with Former Executive Over Risky Investment Recommendations By Jessie Salas The Securities and Exchange Commission (SEC) has reached a settlement with the former head of the municipal bond desk at Aegis Capital...
06 Nov, 2020 IRS Releases Interim ‘Fallback’ Guidance for Updating Financial Instruments to Account for LIBOR and IBOR Phaseout By William Vietti On October 9, 2020, the Internal Revenue Service released Revenue Procedure 2020-44 (the Rev. Proc.) to provide guidance for the market’s...
29 Apr, 2020 Federal Reserve Announces Expansion of Scope & Duration of Municipal Liquidity Facility By James Lane William Vietti On April 27, 2020, the Federal Reserve announced an expansion of the scope as well as the duration of the Municipal Liquidity Facility...
16 Apr, 2020 Federal Reserve Announces New Municipal Liquidity Facility to Provide Cash Flow Relief to State & Local Governments By James Lane William Vietti On April 9, 2020, the Federal Reserve announced a new program to bolster State and local government’s cash flow disruptions caused by the...
10 Apr, 2020 CARES Act: Impact on Public Financial Markets By Peter Whitmore Casey Lekahal In response to COVID-19 and its impact on the economy, public health, states, local governments, individuals, and businesses, Congress...
20 Mar, 2020 SEC & MSRB Representatives Provide Commentary Regarding Continuing Disclosure in Light of COVID-19 By Parker Schenken Peter Whitmore On March 19, 2020, the Municipal Securities Rulemaking Board (MSRB) and the Securities and Exchange Commission’s (SEC) Office of...
17 Mar, 2020 SEC & MSRB Release Guidance Regarding COVID-19 By Parker Schenken On Monday, March 16, the Securities and Exchange Commission issued a “Coronavirus (COVID-19) Response,” a statement intended to summarize...
22 Aug, 2018 SEC Requires Disclosure of Bank Loans & Privately Placed Debt by Most Issuers of Tax-Exempt Bonds By David Lucas On August 15, 2018, the Securities and Exchange Commission adopted amendments to Rule 15c2-12 promulgated under the Securities Exchange...
18 Apr, 2018 New IRS Revenue Procedure Expands Range of Remedial Measures for Nonqualified Uses By James Lane On April 11, 2018, the Internal Revenue Service published Revenue Procedure 2018-26 (“Rev. Proc. 2018-26”) which sets forth new remedial...
26 Dec, 2017 President Trump Signs Tax Act; Makes Legislation Official By James Lane Tiffany Leichman On December 20, 2017, Congress passed the “Tax Cuts and Jobs Act” (the “Tax Act”) under its power to reconcile the 2018 federal budget....