by Sanford Holshouser LLP | Mar 1, 2022 | Blog
As of January 1, 2022, elected officials may not participate in making or administering contracts to nonprofit organizations with which they are associated. This prohibition is part of SB 473 which aims to prohibit conflicts of interest among local elected officials,...
by Sanford Holshouser LLP | Feb 6, 2022 | Blog
County Water and Sewer Districts were created to allow counties to provide water and sewer service to discrete populations. With encouragement from USDA lending programs, many counties created several of these districts, especially counties in rural areas. Over time,...
by Sanford Holshouser LLP | Jan 21, 2022 | Blog
“Your Town Council wants to establish a group to make recommendations to the Council about allocating funds coming to the Town under the American Rescue Plan. The Council is thinking about establishing a committee of Town staff and local stakeholders, but is...
by Sanford Holshouser LLP | 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 Sanford Holshouser LLP | 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 Bob 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...
