by Robert Jessup | Jun 21, 2024 | Blog
There’s a provision in the statutes that says many financing arrangements with a term of less than five years don’t need LGC approval. This provision has been in the law since well before installment financing under Section 160A-20 was approved by the State Supreme...
by Robert Jessup | Apr 26, 2024 | Blog
One often wonders what problems an unexpected piece of legislation is designed to address – especially when something as broad as the new 159-154 (found in Section 5(a) of Session Law 2023-138) sweeps into town. This legislation now requires Local Government...
by Robert Jessup | Apr 26, 2024 | Blog
Counties have established water and sewer districts to facilitate water and sewer service to discrete areas. Many counties have several of these districts. Over time, it has become a challenging process to administer the separate districts, especially when some...
by Robert Jessup | Apr 17, 2024 | Blog
We have occasion to discuss from time to time the meaning of a preaudit certification by a finance officer, especially in terms of construction contracts that will be funded at least in part by borrowed money. A preaudit certificate imposes potential liability on a...
by Robert Jessup | Mar 25, 2024 | Blog
Washington County is constructing a new preK-12 school that will consolidate substantially all the County’s public schools to one location. We worked for the County as bond counsel in connection with its $19.8 million local financing for the project. The project had a...
by Robert Jessup | Feb 19, 2024 | Blog
Our client Jackson County recently made a $2,500,000 loan to Summit Charter School to help finance the construction of a new high school facility in the southern part of the County. The County made this loan pursuant to legislation enacted near the end of the 2023...
