Continuing Disclosure for GMA Leases
In the summer of 1998, Madonna’s Ray of Light album (her best) and Lauryn Hill’s debut album The Miseducation of Lauryn Hill had hit the air waves, Hanson (who?) and the Backstreet Boys were [...]
Catching Up with the Georgia Supreme Court: Development Authority of Cobb County v. State of Georgia
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 [...]
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 [...]
Tax Anticipation Notes (TAN) Sizing and Arbitrage Rebate
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 [...]
Timeline of a SPLOST Adoption – What You Need to Know and When to Act
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 [...]
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,” [...]
Public Private Partnerships
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 [...]
TEFRA Approval Requirements Change April 1, 2019
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 [...]
New SEC Rule 15c2-12 Continuing Disclosure Obligations Effective February 27, 2019
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 [...]
December 31st Deadline: Annual Authority Registration and Finance Report
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 [...]