by Bob Jessup | Mar 29, 2017 | Blog
Every local government financing can benefit from the active participation of the city, county or town attorney. Sometimes the attorneys, however, don’t know how best to carry out their role. Here are our notes about how you, as a local government attorney, can...
by Bob Jessup | Mar 16, 2017 | Blog
There never seems to be enough money to go around for construction and maintenance of streets and sidewalks. Here are some ways a local government can borrow money to finance these projects — General obligation bonds For many, many years this was the only viable...
by Sanford Holshouser LLP | Jan 9, 2017 | Blog
Arts and cultural community organizations are popping up in hometowns all across North Carolina. These organizations can stimulate economic development and community involvement while providing arts and cultural experiences for residents of all ages. Arts centers are...
by Bob Jessup | Jan 4, 2017 | Blog
Happy New Year! As 2017 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: Local legislation. The General Assembly convenes January 11....
by Bob Jessup | Dec 21, 2016 | 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 Bob Jessup | Dec 14, 2016 | Blog
Many North Carolina local governments wrestle with how to fund those valued local nonprofits that are effectively doing good work in the community. There are a variety of approaches for annually funding operating expenses, but occasionally the question arises of how...
