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
Many tax-exempt bonds and related hedges, such as interest rate swaps ("Exempt Instruments"), use a LIBOR-based interest rate. LIBOR is going away, and existing Exempt Instruments are going to have to be modified to replace...more
10/29/2019
/ Alternative Reference Rates Committee (ARRC) ,
Exemptions ,
Fair Market Value ,
Financial Instruments ,
Interest Rates ,
IRS ,
ISDA ,
Libor ,
Popular ,
Proposed Regulation ,
Public Finance ,
Regulatory Agenda ,
Rulemaking Process ,
Safe Harbors ,
Secured Overnight Funding Rate (SOFR) ,
Swaps ,
Tax Exemptions ,
Tax Planning ,
Tax Relief