Updates in the Inflation Reduction Act could provide tax credits as an avenue for funding opportunities for municipalities to make seemingly impossible project possible. McNees invites you to join our panel of industry experts led by attorney Ryan Gonder for
McNees Public Sector
McNees Public Sector, published by McNees Wallace & Nurick LLC, focuses on legal issues affecting public sector entities including municipalities, boroughs, and local governmental units. The blog covers topics such as compliance with federal funding requirements like the American Rescue Plan Act (ARPA), public finance regulations, broadband infrastructure grants, and public records requests under Pennsylvania's Right to Know Law. It also addresses tax credits related to clean energy projects and provides guidance on managing public funds, infrastructure development, and regulatory compliance relevant to government agencies and public institutions in Pennsylvania.
Latest from McNees Public Sector - Page 2
Pennsylvania Commonwealth Court Issues Long-Awaited Decision in Ursinus College Prevailing Wage Appeal
The Pennsylvania Commonwealth Court recently issued a long-awaited opinion in a prevailing wage appeal brought by Ursinus College, captioned at Ursinus College v. Prevailing Wage Appeals Board, No. 828 C.D. 2021 (Pa. Commw. Ct. 2022). The College was appealing a decision…
Solicitors: Help Avoid Targeting by the SEC in Municipal Bond Offerings
By David Unkovic & Ryan Gonder
All attorneys representing municipal and other public sector clients should be aware of the potential for a United States Securities and Exchange Commission (SEC) investigation of their clients’ public bond deals. Issuers generally will hire a team of professionals with…
Seven Lessons to be Learned from Recent SEC Enforcement Actions Involving Municipal Bond Financings
By Ryan Gonder & David Unkovic
Since September 2021, the United States Securities and Exchange Commission (the SEC) has brought five enforcement actions regarding municipal bond financings. The issuers of these bonds are Sweetwater Union High School District (Texas); Crosby Independent School District (California); Town of…
Municipal CFOs: Be Careful of your Bond Disclosures; the SEC is Gunning for You
By David Unkovic & Ryan Gonder
The Securities and Exchange Commission (SEC) recently charged two chief financial officers of school districts with misleading investors in municipal bond offerings. This should be a warning to municipal CFOs to be very careful to make appropriate disclosures when involved…
ARPA Reporting due April 30, 2022!
By Tim Horstmann & Ryan Gonder
The American Rescue Plan Act (“ARPA”) was enacted in March 2021 providing an unprecedented $1.9 trillion in direct relief to combat the effects Covid-19, whether it be negative economic impacts, public health implications, revenue loss, or identified needs in infrastructure. …
Four Years On, Alternatives to Tax-Exempt Advance Refundings Continue to Proliferate in Municipal Bond Market
In December 2017, former President Donald Trump signed into law the Tax Cuts and Jobs Act. Among the many provisions of the Act was a provision that eliminated the tax exemption for municipal bonds that advance refunded another series of…
McNees Public Finance Attorneys to Present on ARPA Expenditures
By Tim Horstmann & Ryan Gonder
McNees Public Finance attorneys Timothy J. Horstmann and Ryan T. Gonder will present “Preparing for an Audit of ARPA Expenditures: What to Do Now,” at the Pennsylvania State Association of Township Supervisors annual conference in Hershey, Pennsylvania, this April.…
Why ESG Bonds and Green Bonds May Help Colleges and Universities with Their Sustainability Plans
As colleges and universities develop and implement sustainability plans to reduce their carbon footprint, there remains the question as to how to fund these sustainability plans. Some colleges and universities look to federal and state grants for a portion of…
Treasury Issues Final Rule on Expenditure of State and Local Coronavirus Recovery Funds
The United States Department of the Treasury recently published its Final Rule implementing the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program established by the American Rescue Plan Act of 2021 (ARPA). The Final Rule adopts with amendments the…