The National Association of Bond Lawyers (“NABL”) recently sent a letter to Congress, outlining some measures it recommends Congress adopt to combat the economic downturn related to the Coronavirus COVID-19 Pandemic. The suggestions are a mix of previously-made requests and
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 6
Public Finance and the Coronavirus
By Erica Wible
At McNees, we understand that our clients are facing unprecedented challenges as a result of the spread of the coronavirus, COVID-19. In light of these challenges, the McNees Public Finance Group is closely monitoring any legal developments that may impact…
Coronavirus Comes to the Commonwealth
By Erica Wible
As you have undoubtedly heard, the coronavirus, or COVID-19, has made its way to the Commonwealth of Pennsylvania. This influenza-like virus was first identified in Wuhan, China, in December 2019, and has since spread to more than 100 countries, including…
Borough of Phoenixville Closes on Partial Sale of Water System
By Ade Bakare
On December 4, 2019, the Borough of Phoenixville, Chester County (“Borough”) closed on the sale of a portion of its water system to Aqua Pennsylvania, Inc. (“Aqua”) for $3.46 million. Importantly, the Borough will retain full ownership and control of…
LIBOR: the Phase-Out, the Problem, and What Municipalities Need to Know
By Tim Horstmann & Erica Wible
The advent of a new calendar year means many things. For municipalities with outstanding bank loans or interest rate swaps, 2020 may be the year when many first hear about the long-planned phase-out of the London Interbank Offered Rate (“LIBOR”).…
Changes to the Pennsylvania Sunshine Act May Be on the Horizon
A bill to amend Pennsylvania’s Sunshine Act has passed the House last month and is now awaiting action in the Senate. House Bill 1069, sponsored by Representative Aaron Bernstine, would amend the Sunshine Act to require government agencies, including school…
Pennsylvania Approves Changes to Auditing Standards for Municipal Authorities
On November 27 Governor Tom Wolf signed into law Act 99 of 2019 (HB 1203), which updates the auditing standards for municipal authorities under the Municipal Authorities Act, 53 Pa.C.S. §5612, as well as strengthening municipalities’ right to review…
Steelton Borough Authority Closes on Sale of Water Assets
By Kathy Pape & Ade Bakare
On October 9, 2019 Steelton Borough Authority (Authority) closed on the sale of its water assets to Pennsylvania-American Water Company for $21.750 million in cash and $35.7 million in committed capital improvements. As a part of the transaction, the Authority…
Pennsylvania Passes Slate of Laws to Facilitate Use of Intergovernmental Cooperation Agreements
On November 7, 2019, Governor Tom Wolf signed into law Acts 80, 81 and 82 of 2019, streamlining the process by which municipalities approve intergovernmental cooperation agreements, as well as making other changes to encourage the use of such agreements.…
McNees Paralegal Becomes President of Ladies First – a Nonprofit Organization Dedicated to Supporting Women in the Public Finance Industry
McNees Wallace & Nurick LLC paralegal Terry Snyder was elected President of Ladies First – The Mid-Atlantic Women’s Public Finance Forum and will serve in this role through 2020.
Ladies First is a professional association that provides educational opportunities, as…