Commercial banks and other financial institutions (“lender” or “lenders”) have historically provided financing to both governmental entities and nonprofits on a tax-exempt basis through loans and direct purchases of municipal...more
2/16/2022
/ 501(c)(3) ,
Banks ,
Establishment Clause ,
MSRB ,
Municipal Advisers ,
Municipal Bonds ,
Municipal Securities Issuers ,
Municipal Securities Market ,
Nonprofits ,
OCC ,
Public Finance ,
Religious Institutions ,
State Constitutions ,
Statutory Authority ,
Tax Exemptions ,
Tax-Exempt Bonds
To increase access to liquidity for smaller municipal issuers facing unprecedented budget shortfalls and loss of revenues as a result of the COVID-19 virus, on June 16, 2020 the SEC issued an Order granting a limited and...more