by Bob Jessup | Mar 20, 2014 | Blog
You can’t finance a house without signing completed loan documents in front of an attorney, or at least a legal assistant under direct supervision (meaning generally, in the same room or maybe the next room) of an attorney. You can’t even finance a car without signing...
by Bob Jessup | Mar 10, 2014 | Blog
At this time of year, as we move into budget season, I think it’s a good idea to remind folks of a local government’s authority to issue “two-thirds” general obligation bonds. Under North Carolina law, a local government can issue general obligation bonds in a fiscal...
by Bob Jessup | Feb 24, 2014 | Blog
Ever since the LGC started its project to write down rules for the allowed maturities on local government financings, I have been highly critical of the proposed rules as they apply when local government units want to refinance debt originally issued to the United...
by Bob Jessup | Dec 18, 2013 | Blog
A North Carolina local government recently sent out a request for proposals for bond counsel services. That RFP included the following question – a form of this precise question has been included in the form of a bond counsel RFP that’s been bumping around the State...
by Bob Jessup | Dec 2, 2013 | Blog
Here’s an excellent article on local counsel’s role in local government financing. I think this is a succinct roadmap of how local counsel should approach a transaction. Local counsel isn’t supposed to check everyone’s work, but there are certain ways the local...
by Bob Jessup | Nov 12, 2013 | Blog
We now have the official calendar for meetings of the Local Government Commission for 2014. I thought a LGC Calendar Table might be handy. The calendar gives you the date 28 days prior to the meeting, because generally the Commission staff wants a fairly complete...
