by Bob Jessup | Jan 18, 2021 | Blog
We at Sanford Holshouser LLP are pleased to announce that Sam Barnes has joined our Firm as an associate attorney. He’ll be working primarily on our local government finance projects, but also contributing to our work on community economic development and affordable...
by Bob Jessup | Jan 1, 2021 | Blog
Happy New Year! As 2021 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 Bob Jessup | May 26, 2020 | Blog
Over the last few months, we have worked as bond counsel with two towns that wanted to assemble land for economic development, and that needed to borrow money to pay for the land. The towns took different approaches that illustrate the flexibility available for this...
by Bob Jessup | May 21, 2020 | Blog
The LGC’s policy has been to not approve financings in November (or later) for a local government until it has approved that unit’s new audit. The LGC’s refusal to approve new borrowings is one of the few tools the Treasurer’s office has to force local governments to...
by Sanford Holshouser LLP | Apr 28, 2020 | Blog
“When you’re alone and life is making you lonely, you can always go downtown. When you’ve got worries, all the noise and the hurry seems to help, I know, downtown.” Downtown plays a vital role in our lives and the health of our communities. It is a major...
by Bob Jessup | Apr 21, 2020 | Blog
North Carolina local governments rarely have cash flow problems. Fund balances, on-going sales tax receipts and the predictability of property tax collections in January allow localities to manage their cash with predictability and a healthy safety margin. We all hope...
