For more than 10 years, as the subsidy for direct payment Build America Bonds (BABs) has been less than originally promised due to sequestration, issuers have wondered if sequestration constituted an “extraordinary event”...more
As a result of the COVID-19 virus and declining oil prices, local governments in Texas are facing sudden, unexpected, unprecedented, dramatic shortfalls or delays in a number of their core revenue streams, in some cases...more
4/16/2020
/ Anticipation ,
Bonds ,
Capital Improvements ,
Commercial Bankruptcy ,
Escrow Accounts ,
Leaseback ,
Line of Credit ,
Loans ,
Municipal Liquidity Facility (MLF) ,
Public Private Partnerships (P3s) ,
Revenue ,
Tax Planning
States, municipalities and 501(c)(3) organizations (Issuers) likely will have to incur significant expenses in their fight against COVID-19. Even if Issuers have reserves available for these costs, there are a few different...more