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The Impact of Natural Disasters on Municipal Financing and Disclosure

The wildfires in Southern California earlier this year were another sobering reminder of the devastating impact of natural disasters on local communities, and Connecticut is certainly not immune....more

Increased Investor & Rating Agency Interest in Cybersecurity and Climate Change Disclosure in Municipal Bond Issuances

The topics of Cybersecurity and Climate Change disclosure are generating increased investor and rating agency interest in municipal bond issuances. The Securities and Exchange Commission (SEC) has expressed concerns about the...more

Governor Lamont’s Executive Order 7JJ Permits Certain Municipal Non-Budgetary Actions Without In-Person Voting if the Actions are...

On May 6, 2020, Governor Lamont issued Executive Order No. 7JJ (“Order 7JJ”) permitting a municipality’s legislative body, or in a municipality where the legislative body is a town meeting other than a representative town...more

Governor Lamont’s Executive Order 7CC Expands Application of a Municipality’s Ability to Authorize Actions Without In-Person...

Order 7S provided that a municipality’s legislative body and the budget-making authority may authorize certain appropriations, tax anticipation notes, or general obligation bonds or notes without in-person approval by...more

Executive Order 7W Extends Tax Relief Programs to Quasi-Municipal Corporations and Revises Tax Relief Time Periods

On April 9, 2020, Governor Ned Lamont issued Executive Order No. 7W (“Order 7W”) revising several aspects of Executive Order 7S (“Order 7S”) dated April 1, 2020. ...more

Bankruptcy Beat: The Second Circuit Establishes a Binding Standard For Lien Extinguishment Under a Plan of Reorganization

The Second Circuit Court of Appeals recently issued an opinion, City of Concord, N.H. v. N. New England Tel. Operations, LLC (In re N. New England Tel. Operations LLC), 795 F.3d 343 (2d Cir. 2015), addressing an issue of...more

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