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Bonds State and Local Government

Orrick, Herrington & Sutcliffe LLP

Summary of Legislation Relating to Public Finance Enacted by the 89th Texas Legislature (Regular Session)

This article briefly summarizes a select list of legislation relating to public finance enacted by the 89th Legislature (Regular Session) that became law. Bills are arranged by subject matter, in numerical order within each...more

Nossaman LLP

Proposition 4: California’s Historic $10 Billion Climate Investment and Path to Resilience

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In the November 2024 election, California voters approved Proposition 4 – the Climate Bond, authorizing the state to issue $10 billion in general obligation bonds to fund climate resilience and environmental conservation...more

Frost Brown Todd

TEFRA Approvals: Considerations for Officeholders When Approving Private Activity Bonds

Frost Brown Todd on

New officeholders often ask us to clarify their responsibilities when it comes to public approval of bonds and the consequences for states and their political subdivisions when they approve bonds as tax-exempt. What follows...more

Bricker Graydon LLP

New Community Authorities (NCAs) - An Economic Development Tool Most Ohio Communities Aren’t Using

Bricker Graydon LLP on

Local governments across Ohio are engaged in a competitive race to spur economic development, attract developers, and secure long-term prosperity.  And while most local governments are familiar with traditional economic...more

Frost Brown Todd

Texas Bill Could Eliminate PSF Guaranty on School Bonds

Frost Brown Todd on

Pursuant to Section 45.052 of the Texas Education Code, school district and charter school bonds (including refunding bonds) are eligible to be guaranteed by the corpus and income of the Permanent School Fund (PSF). If...more

Mitchell, Williams, Selig, Gates & Woodyard,...

95th Arkansas General Assembly/Arkansas Natural Resources Commission: Act 578 Authorizes Water, Waste Disposal, Pollution Control,...

Act 578 has been signed by the Governor which would authorize the Arkansas Department of Agriculture’s Natural Resources Commission (“NRC”) to issue certain general obligation bonds. ...more

Cozen O'Connor

Broad Street Brief: City Council Talks Land Bank, SEPTA Support

Cozen O'Connor on

Mayor Parker's Housing Plan Relies on $800M in Bonds- Mayor Cherelle Parker’s Housing Opportunities Made Easy (HOME) Initiative aims to build or preserve 30,000 housing units in Philadelphia, primarily funded through $800...more

Bricker Graydon LLP

New Tool Aims to Ease Kentucky's Housing Shortage

Bricker Graydon LLP on

Good news for Kentucky local governments—they’ve got a new tool to help tackle housing shortages, thanks to legislation passed during the 2025 Kentucky General Assembly. Senate Bill (SB) 25 now allows local governments to...more

Frost Brown Todd

Large Kentucky Multifamily Housing Projects Are Now IRB-Eligible

Frost Brown Todd on

Kentucky local governments now have an additional tool to help address their housing shortages thanks to legislation enacted during the 2025 Kentucky General Assembly. A provision of Senate Bill (SB) 25 authorizes local...more

Troutman Pepper Locke

Need for Enhanced Cybersecurity in Public Finance — Cyberthieves Steal Bond Proceeds

Troutman Pepper Locke on

Recent events highlight the need for enhanced cybersecurity protocols in government offices across the U.S. In late November 2024, the Township of White Lake in Michigan, intended to issue approximately $29 million in general...more

Holland & Knight LLP

Commerce Department Announces BEAD Program State Funding Totals

Holland & Knight LLP on

The U.S. Department of Commerce on June 26, 2023, announced funding for each state, U.S. territory and the District of Columbia for high-speed internet infrastructure development through the Broadband Equity Access and...more

Burr & Forman

Georgia Appellate Court Overturns Lower Court's Denial of Bond Incentives for Rivian Investment

Burr & Forman on

On April 28, 2023, the Georgia Court of Appeals reversed the ruling of the Morgan County Superior Court and approved $15 billion in bonds for Project Tera, a 2,000-acre Rivian Horizon LLC (“Rivian”) electric truck plant...more

Parker Poe Adams & Bernstein LLP

Amendments to North Carolina Bond Referendum Process: New Statement of Disclosures and Other Requirements

As local governments head into budget preparation and planning season, we want to make sure you are aware of important changes the North Carolina legislature made to the general obligation bond referendum process. On July 8,...more

Orrick, Herrington & Sutcliffe LLP

Texas School Bond Election Timeline for November 2022 Elections

For school districts and community college districts considering November 8, 2022 bond elections. The statutory deadline to adopt the Election Order is Monday, August 22, 2022....more

Orrick, Herrington & Sutcliffe LLP

School Bond Election Timeline for November 2022 Election

For school districts and community college districts considering November 2022 bond elections. The statutory deadline to submit the Resolution Calling the Election is August 12, 2022, but some counties have earlier deadlines...more

Coblentz Patch Duffy & Bass

The June 2022 San Francisco Ballot: Measures to Watch

San Francisco voters will again confront a formidable ballot during the special election on June 7, 2022, with an array of ballot propositions to consider. Key land use-related measures are as follows...more

Holland & Knight LLP

Jobs Act Directs Private Activity Bonds to Clean Energy, Carbon Capture

Holland & Knight LLP on

The bipartisan Infrastructure Investments and Jobs Act (IIJA), signed into law in November 2021, provides a "once in a generation" investment into the nation's infrastructure. In addition to making significant investments in...more

Stinson LLP

2022 Minnesota Legislature Convenes: Historic Budget Surplus Looms

Stinson LLP on

Unprecedented. - That is how political observers, politicians and media pundits are describing what is in front of the Minnesota legislature and DFL Governor Tim Walz as the legislature sets to convene next Monday,...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report — Legislative Day 4 2022

Week one of the 2022 Legislative Session is in the books. The halls were relatively quiet on Friday as legislators filed in to receive copies of the budgets before sprinting home. ...more

Cozen O'Connor

Broad Street Brief: Public Health Regulations

Cozen O'Connor on

As Philadelphia continued to grapple with the pandemic, both City Council and the Kenney administration implemented policies and ordinances that will impact several industries. Below is a summary of the major policy changes...more

Butler Snow LLP

Tax-Exempt Advance Refunding Bonds: History and Legislative Updates

Butler Snow LLP on

Prior to January 1, 2018, Section 149(d) of the Internal Revenue Code (26 U.S.C. § 149) and the accompanying Treasury Regulations allowed the issuance of tax-exempt advance refunding bonds. According to that section, a bond...more

McDermott Will & Emery

Weekly IRS Roundup March 22 – March 26, 2021

McDermott Will & Emery on

Presented below is our summary of significant Internal Revenue Serve (IRS) guidance and relevant tax matters for the week of March 22, 2021 ­­– March 26, 2021... March 22, 2021: The IRS issued Notice 2021-22, providing...more

Ballard Spahr LLP

NJ Supreme Court Upholds COVID-19 Emergency Bond Act

Ballard Spahr LLP on

The Supreme Court of the State of New Jersey upheld the New Jersey COVID-19 Emergency Bond Act (the Act), authorizing the State to issue up to $9.9 billion in state borrowing either through general obligation bonds or...more

Ballard Spahr LLP

NJ Passes COVID-19 Emergency Bond Act

Ballard Spahr LLP on

New Jersey Gov. Phil Murphy signed into law the New Jersey COVID-19 Emergency Bond Act (the “Act”) on July 16, 2020. The Act authorizes the issuance of New Jersey State bonds up to $9.9 billion to respond to financial issues...more

Stinson LLP

Minnesota Legislature Adjourns in Seven Days: Bonding Projects Will Dominate Discussions

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After learning that the pandemic has left an approximately $2.4 billion hole in Minnesota's general fund budget, legislators are left with only seven days to complete their work before next Monday's May 18 constitutional...more

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