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.

The biggest threat I have with my kids is to take away their phones. Now, apparently a New Jersey Mayor feels the same way, trying to confiscate phones during public meetings.

Andrew Li discusses the Open and Public Meetings Act, and how it affects the New Jersey School Boards Association Workshop coming up later this month.