by Robert Jessup | Aug 15, 2013 | Blog
There’s a law that says if you have a local government borrowing for more than $1 million that has to go to the LGC for approval, you generally need to send an advance notice to the General Assembly’s joint committee on local government 45 days prior to the LGC’s...
by Robert Jessup | Aug 15, 2013 | Blog
Under both North Carolina law and the relevant federal tax rules, you can generally use borrowed money only to pay for “capital costs” of a project. What’s a capital cost? The primary rule I quote to clients, which comes out of the tax regulations, is that a cost is a...
by Robert Jessup | Aug 15, 2013 | Blog
When you get ready for a loan closing, there will be documents to sign – maybe a loan agreement and a deed of trust, maybe some bond forms, and a variety of certificates about certain facts. Someone has to sign these items. Who should it be? That generally depends on...
