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SEC Amends Municipal Bond Continuing Disclosure Rules
The compliance date is 180 days after the final rule is published in the Federal Register.
United States
22 Aug 2018
Connecticut Budget Act Increases Holdback For School Building Project Grants
On October 26, the Connecticut Senate and House of Representatives voted to give final legislative passage to a 2017-2019 biennium budget (the Budget Act).
United States
2 Nov 2017
MSRB Issues Advisory On Selective Disclosure Of Material Information
The MSRB published an advisory on September 13 highlighting to municipal issuers, dealers and municipal advisors the importance of disclosing material information "fairly, equitably and in the public domain."
United States
18 Sep 2017
New Management Contract Rules Affect Tax-Exempt Bond-Financed Projects
Beginning August 19, all newly entered or materially modified management contracts will be subject to the Internal Revenue Service's new safe harbor guidelines for determining whether...
United States
15 Aug 2017
Gov. Malloy Signs Legislation Changing The Structuring Of Municipal Bonds
The legislation makes noteworthy changes regarding the structuring of municipal bonds.
United States
13 Jul 2017
SEC Proposes Requiring Material Event Notices For Municipal Bank Loans And Other Private Placements
On March 1, the Securities and Exchange Commission (SEC) voted to propose amendments to Rule 15c2-12.
United States
3 Mar 2017
CT Court Holds Communications Between Public Agency And Attorneys Not Always Exempt From FOIA
The CT Freedom of Information Act (FOIA) provides an exemption from disclosure for "communications privileged by the attorney-client relationship."
United States
6 Sep 2016
Connecticut Set-Aside Statutes Amended To Apply To Municipalities And Quasi-Public Agencies
Effective October 1, 2015, the applicability of the State's nondiscrimination, affirmative action and supplier diversity program statutes has been extended to municipalities and quasi-public agencies pursuant to recent legislation.
United States
15 Jul 2015
Mayor Settles SEC Enforcement Action For Municipal Bond Disclosure Violation
The Securities and Exchange Commission ("SEC") is continuing its scrutiny of the municipal market and using provisions of the Securities Exchange Act of 1934 previously unused in the municipal market to bring enforcement actions against individual public officials
United States
22 Nov 2014
SEC Modifies MCDC Initiative To Encourage Participation
On July 31, the Securities Exchange Commission announced modifications to its Enforcement Division's Municipalities Continuing Disclosure Cooperation Initiative.
United States
4 Aug 2014
SEC Continues To Act Against Municipal Issuers For Disclosure Failures
The Securities and Exchange Commission (the "SEC") continues its increased enforcement activity against municipal issuers.
United States
5 Aug 2013
City Of Miami And Its Former Budget Director Subjects Of SEC Enforcement Action
For the second time in recent history, the City of Miami, FL, is the subject of action by the Securities and Exchange Commission (the "SEC"), another sign of increased SEC enforcement activity against municipal issuers.
United States
25 Jul 2013
Expiring Tax Provisions Dramatically Change Municipal Finance Landscape
What the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "Act") did not authorize-rather than what it did-will more dramatically affect the municipal finance market and the borrowing practices of state and local governments. This alert highlights briefly the municipal finance provisions of the Act.
United States
10 Jan 2011
The Rules of Continuing Disclosure are Continuing to Change
After reshaping the municipal bond disclosure landscape with the creation of the Electronic Municipal Market Access system ("EMMA"), the Securities and Exchange Commission ("SEC") on Wednesday, May 26, announced significant changes to the continuing disclosure requirements of Rule 15c2-12 as well as the approval of two Municipal Securities Rulemaking Board ("MSRB") proposals.
United States
3 Jun 2010
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