Senate Bill 309
We want to make sure that you are aware of SB 309. It creates a Georgia Municipal and Local Government Infrastructure Authority. The Authority will dramatically impact your involvement in your client’s bond issues. [...]
Education SPLOST (ESPLOST) Information and Timeline
The special purpose local option sales tax for educational purposes (“Education SPLOST” or “ESPLOST”) has become a popular source of funding for new and renovated educational facilities in Georgia. In the past, a county [...]
Ad Valorem Property Tax Abatements
Roger Murray will participate on a panel discussing ad valorem property tax abatements at the upcoming ACCG annual conference April 26 -29, 2019. Be it a “bonds for title,” “payment in lieu of taxes,” [...]
Enhanced Bank Loan Disclosure Process
In recent years, many issuers have privately placed their bonds with financial institutions in lieu of offering their bonds publicly. Financial institutions regard many of these transactions as bank loans. Although not required by the [...]
Issuer and Issuer’s Employee Found Guilty of Securities Fraud Violations
On September 14, 2016, the City of Miami, Florida and its former budget director were found guilty of securities fraud in connection with three municipal bond offerings in 2009 and other disclosures made to investors. [...]
Board Plans to Re-Examine State and Local Government Financial Reporting Framework
Governmental Accounting Standards Board Plans to Re-Examine State and Local Government Financial Reporting Framework. On September 8, 2015, the Governmental Accounting Standards Board (“GASB”) added a review of the standardized financial reporting framework for state [...]
Crafting Disclosure Policies
National Association of Bond Lawyers Releases “Crafting Disclosure Policies” Paper (August 20, 2015). On August 20, 2015, the National Association of Bond Lawyers (“NABL”) released a white paper titled “Crafting Disclosure Policies” providing advice to [...]
Department of Justice Launches Investigates Secondary Market Pricing
Department of Justice Launches Investigates Secondary Market Pricing on Heels of Securities and Exchange Commission Enforcement Action against Edward Jones. The regulatory environment faced by both underwriters and issuers continues to become more complex, as [...]