by Will Swain | Jan 19, 2022 | Blog
“Green Bonds” are bonds issued to fund an environmentally friendly or beneficial project. Bond issuers attach the “green” label on bonds in hopes of receiving a lower interest rate than they would otherwise. This once-theoretical benefit to issuers of Green...
by Sam Smotherman | Jan 11, 2022 | Blog
Back in March 2021, members of the North Carolina State Senate sponsored a bill known as “SB 265” and entitled, “Bond Referendum Transparency.” As the title suggests, the bill is part of a recent trend to disseminate information to a voter on a bond referendum beyond...
by Robert Jessup | Dec 30, 2021 | Blog
Happy New Year! As 2022 begins, we offer this list of items to keep in mind as you plan for new capital projects and manage your existing projects. Here are a few things to think about at least once a year: Compliance with financing covenants. If you have any...
by Robert Jessup | Dec 30, 2021 | Blog
It’s often said that borrowed money can only be used to pay “capital costs” of a project. This limitation appears in both the State statutes (see for example, 159-48(b) for general obligation bonds) and as a general concept in the federal tax laws that apply to local...
by Robert Jessup | Dec 3, 2021 | Blog
We now have the official 2022 calendar for meetings of the Local Government Commission. We thought a table might be handy. In addition to the meeting dates, this table shows the application due dates, as established by the LGC staff. We’ve also noted the dates 45 days...
by Ashely Anderson | Nov 15, 2021 | Blog
***** Click here to sing along with Johnny Cash’s This Side of the Law****** Grant programs are one of the many tools we use to keep our downtowns healthy and vibrant. There are, however, specific legal requirements by which a municipality may make...
