News & Analysis as of

Nonprofits Public Finance

Cozen O'Connor

Pennsylvania Perspective for Monday, August 25, 2025

Cozen O'Connor on

Why PA’s Government Keeps Running Despite Late Budget - Nearly two months past the budget deadline, the Pennsylvania government continues operating due to legal exceptions and ongoing revenue collection. While core...more

Orrick, Herrington & Sutcliffe LLP

Tax-Exempt Lending to Governments and Nonprofits; Bank Loans and Direct Purchases of Municipal Securities

Commercial banks and other financial institutions (“lender” or “lenders”) have historically provided financing to both governmental entities and nonprofits on a tax-exempt basis through loans and direct purchases of municipal...more

Adler Pollock & Sheehan P.C.

Federal Reserve Approves Nonprofit Organizations For Main Street Lending Program And Releases Updated Term Sheets

On June 15, 2020, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) proposed the expansion of its Main Street Lending Program (the “Program”), which was originally established to support lending to...more

Adler Pollock & Sheehan P.C.

Federal Reserve Considers Expanding The Main Street Lending Program To Accommodate Nonprofit Organizations – Comments Welcome

The Board of Governors of the Federal Reserve System (the “Federal Reserve”) is seeking public comment on a proposal to expand the availability of its existing Main Street Lending Program (the “Program”) to nonprofit...more

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