Squire Patton Boggs gives a recap of the NABL Tax and Securities Law Institute.

Rep. Steve Russell, R-Okla., has introduced a bill in the House that would prohibit the use of tax-exempt bonds to build or subsidize professional sports stadiums and for-profit entertainment arenas.

The municipal market has developed complex derivative debt structures. This lesson from the IRS reviews the elements of the different derivative and hedge products used in the municipal market. Derivative structures often involve credit enhancement in various forms. This lesson also reviews the requirements and treatment of qualified guarantees.

For the first time in the municipal securities market, the SEC charged a municipal advisory firm, its CEO, and two of its employees for breaching their fiduciary duty by failing to disclose a conflict of interest to a municipal client.

The IRS Office of Tax Exempt Bonds recently released model closing agreements to resolve compliance issues in an examination and in the Voluntary Closing Agreement Program. These model agreements contain language that will help TEB expedite the processing of VCAP submissions.

"New state and federal P3 resources and political and legislative support, combined with a strong underlying legal framework for contractual enforceability and a deep capital market ready to finance projects," will help to drive this projected surge in P3s, according to Moody's.

CDFA // BNY Mellon Webcast Series: Development Finance Solutions for Disaster Resiliency
April 19, 2016 - 1:00 pm Eastern

To keep pace with rising passenger and aircraft demands, the ATL will need a new, sixth runway and a new concourse – both estimated to cost nearly $2 billion – as well as a $500 million hotel and mixed-use commercial complex.

States have been invited to experiment with user-based transportation funding mechanisms that go beyond the traditional gasoline tax under a new competitive federal grant program outlined Tuesday by the Federal Highway Administration.

El Paso County completed a $50 million bond sale with an option redemption enhancement (ORE), the first such transaction in Texas. Ramirez & Co., says the ORE complements a standard 10-year par call by allowing issuers to redeem bonds immediately at a make-whole price to the first call date.

Bond lawyers criticized the political subdivision rules recently proposed by the Treasury and IRS, claiming they would trample states' rights, alter the landscape for public financing, and jeopardize the tax-exempt status of millions of dollars of municipal bonds.

Issuers are not likely to change the SEC staff's minds about the violations they have disclosed under the commission's municipal self-reporting initiative, the commission's top cop for municipal securities enforcement.

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This report summarizes the outcomes of RE.invest, an 18-month predevelopment process with eight US cities and teams of leading private sector design, engineering, law, and finance experts. The results are examples of the types of projects made possible using a new framework for reimagining civic infrastructure systems to create both public value and private investment opportunities, especially for vulnerable communities.

Daniel McRae of Seyfarth Shaw LLP uses a simple graphic to demonstrate how property tax abatement is carried out in Georgia.

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