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...
by Robert Jessup | Jan 16, 2024 | Blog
Back in 2013, the Town of Hillsborough issued North Carolina’s first “special assessment revenue bonds.” Most of the proceeds went to pay costs of constructing a road through Waterstone, a large development that includes a variety of housing units and the UNC Health –...
by Robert Jessup | Jan 10, 2024 | Blog
When you have a project that needs approval from the Local Government Commission, not everything you need to know about the process is written down in one place (or in many cases, written down at all). Bond lawyers and financial advisers will help you navigate, but it...
by Robert Jessup | Jan 5, 2024 | Blog
The State Auditor’s investigative reports on local governments sometimes document really bad, and even criminal, behavior by local government officials. In other cases, the findings are more about sloppiness, although sloppiness that gets bad enough can have criminal...
