On June 3, 2019, the Georgia Supreme Court upheld (in Development Authority of Cobb County v. State of Georgia, --- S.E.2d --- (2019) (“Cobb County”)) the constitutionality of the so called “catch-all” project provision [...]
Cities, counties and school districts in Georgia (“Local Governments”) often issue tax anticipation notes (“Tans”) to finance their cash flow needs. Property taxes are a significant source of revenue for Local Governments. However, property [...]
Considering using SPLOST funds to finance capital outlay projects in your county? Don’t miss any time-sensitive deadlines required by statute in order to hold a SPLOST election in 2019. The sample timeline presented is [...]
In February, Roger Murray participated on a panel that discussed public private partnerships. Realtors, developers, elected government officials and economic development officers were in attendance. Click here for Roger's Power Point on Public Private [...]
At the end of last year, the IRS issued its final regulation updating the 147(f) public hearing and approval requirements for tax exempt private activity bonds issued by state and local governments. The updated [...]
As we reported in our November 2018 posting, the SEC amended 17 CFR 240.15c2-12 (Rule 15c2-12) to add two additional ‘material events’ that an obligated person must disclose to security holders within 10 business [...]
During the 2018 legislative session, the General Assembly passed HB 257. HB 257 consolidated local authority registration and financial reporting into a single annual report known as the Annual Authority Registration and Finance Report [...]
Two events have been added to the material events disclosure requirements under Rule 15c2‑12 which issuers and other obligated persons will be required to include in any new continuing disclosure agreement entered into on or [...]
On September 28, 2017, the Internal Revenue Service (IRS) released proposed regulations to update and streamline the public approval requirement provided in section 147(f) of the Internal Revenue Code applicable to tax-exempt private activity bonds [...]
In August of 2016, the Internal Revenue Service (IRS) issued Revenue Procedure 2016-44 which created safe harbors for management contracts. The IRS recently released Revenue Procedure 2017-13 to clarify Revenue Procedure 2016-44 and to address [...]