In an increasingly rare unanimous ruling, the Pennsylvania Supreme Court has affirmed the Pennsylvania Commonwealth Court’s holding that Ursinus College is not subject to prevailing wage requirements for a construction...more
3/1/2024
/ Bond Financing ,
Construction Project ,
Department of Labor (DOL) ,
Educational Institutions ,
Higher Education Act ,
Minimum Wage ,
Municipal Bonds ,
Pennsylvania ,
Prevailing Wages ,
State and Local Government ,
Wage and Hour
As is widely known, the new issue market slowed down in 2022 due to a variety of factors, including rising interest rates, reduced institutional demand resulting from municipal bond fund outflows, inflation and recession...more
Summary -
The Securities and Exchange Commission (SEC) recently announced enforcement proceedings against four municipal market underwriters for alleged violations of municipal bond disclosure requirements. Three of the...more
Summary -
Two pending proposals could significantly affect how mutual and other funds approach their ESG investments in municipal bonds. If adopted by the Securities and Exchange Commission, the proposals could result in...more
Disclosure to municipal bond investors of material risks stemming from the coronavirus outbreak presents a serious concern in the municipal securities industry. This is particularly true in certain sectors, including bonds...more
3/12/2020
/ Airports ,
Amusement Parks ,
Assisted Living Facilities (ALFs) ,
China ,
Contract Terms ,
Cooperative Compliance Regime ,
Coronavirus/COVID-19 ,
Disclosure Requirements ,
Due Diligence ,
Force Majeure Clause ,
Foreign Suppliers ,
Government Bonds ,
Health Care Providers ,
Hospitals ,
Infectious Diseases ,
Investors ,
Manufacturing Facilities ,
Municipal Bonds ,
Municipal Securities Issuers ,
Municipal Securities Market ,
Municipalities ,
Public Finance ,
Public Transit ,
Senior Housing ,
Service Contracts ,
Supply Chain
Multiple news outlets have reported that the U.S. Treasury Department has created an Office of State and Local Finance tasked with monitoring the distressed local government sector of the municipal finance market. Kent...more