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Parker McCay Blog
Posts from August 2019.
By Jeffrey D. Winitsky on August 28, 2019
Changes to Timing for Payment of Non-Residential Tax Appeals by Municipalities  

On August 9, 2019, Governor Phil Murphy Assembly Bill A-2004, (the "Bill"), which now permits municipalities in New Jersey to pay non-residential property tax appeal refunds over a period of three years.   

August 27, 2019
SRRA 2.0: What You Need to Know about Changes to New Jersey's Site Remediation Program

In May of 2009, Governor John Corzine signed the Site Remediation Reform Act ("SRRA") into law, enacting sweeping changes to New Jersey's site remediation program. The Act created the Licensed Site Remediation Professionals ("LSRP") Program and imposed strict reporting requirements and an affirmative obligation to remediate contaminated sites.

August 22, 2019
Due Diligence Issues in Commercial Real Estate Transactions, Part I:  Acquisition of a Tax Sale Certificate

New Jersey law requires property owners to pay property taxes and other municipal charges relating to their real estate holdings. These charges can include water, sewer and other special assessments or utilities impacting the property.

August 21, 2019
New Jersey Hitting Snooze on School Start Times

Earlier this month, Governor Phil Murphy signed a bill creating a four-year pilot program to study the effects of a later start time for New Jersey high schools. This bill comes after a 2014 report by the American Academy of Pediatrics that reported sleep deprivation in adolescents with one contributing factor being early school start times.

By Susan S. Hodges on August 16, 2019
Attendance at IEP Meetings Covered by FMLA

Client Alert! On August 8, 2019, the U.S. Department of Labor ("DOL") issued an opinion letter in which the DOL concluded that the Family and Medical Leave Act ("FMLA") covers a parent’s attendance at his/her child’s individualized education ("IEP") meeting at school.

By Susan S. Hodges on August 9, 2019
New Jersey Wage Theft Act Expands Fines, Penalties and Damages for Wage and Hour Violations

On August 6, 2019 Acting Governor Shelia Oliver signed the Wage Theft Act into law. The law revised New Jersey wage and hour laws to include new civil and criminal penalties for failure to pay compensation and benefits, pensions, medical treatment, disability benefits, and workers' compensation.

August 6, 2019
The LIBOR Phase-Out:  Part 3

In Parts 1 and 2 of this series, we discussed the circumstances that led to the planned phase-out of the London Inter-bank Offered Rate, commonly referred to as “LIBOR” and the proposed replacement rate known as the Secured Overnight Financing Rate (“SOFR”). In this last part of the series, we will present the proposed language recommended by the Alternative Reference Rate Committee (“ARRC”) to be used in new contracts that reference LIBOR.

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