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.
On November 9, 2018, the New Jersey Economic Development Authority ("NJEDA") provided an outline of several new enhancements to its existing lending programs for small businesses in New Jersey. In particular, the NJEDA announced changes to its "Premier Lender Program" and its small business lending programs, as well as the implementation of the new "Access Program."
Public Finance Shareholder Jeffrey Winitsky explains the newly adopted amendments to Rule 15c2-12 of the U.S. Securities and Exchange Commission Act of 1934 that effect reporting requirements for municipal bond issuers.
A recent change in the law now allows for all types of affordable housing development projects to get credits and reductions for sewer and water connection fees. Shareholder Jeffrey Winitsky explains.
Our attorneys share an update on the Qualified Opportunity Zone program which was recently announced.
On January 10, 2017, the Securities and Exchange Commission ("SEC") announced that the Port Authority of New York and New Jersey ("Port Authority") agreed to admit wrongdoing and pay a $400,000 penalty to settle charges related to the failure of the Port Authority to disclose to investors certain risks associated with road projects undertaken and financed by the Authority in violation of the Securities and Exchange Act of 1933 ("Securities Act of 1933").
On August 10, 2015, Governor Chris Christie signed in to law P.L.2015, c.95, designated as the “Division of Local Government Services Modernization and Local Mandate Relief Act of 2015” (referred to herein as the “Act”), which, among other things, streamlines certain responsibilities of the Division of Local Government Services (“DLGS”), eliminates or revises certain State mandates imposed upon on local governments and implements certain administrative efficiencies and cost saving measures.