In May, the United States Securities and Exchange Commission approved changes to the continuing disclosure provisions of Rule15c2-12 (the “Rule”) that will affect new agreements executed on or after December 1, 2010. Under the current Rule, an Event Notice must be filed in a timely manner if any of 11 […]
Author: James T. Giel
Background As part of the American Recovery and Reinvestment Act of 2009 (“ARRA”), Congress added Section 54AA of the Internal Revenue Code of 1986, as amended (the “Code”), permitting a state or local government, including school districts, to issue anew type of taxable obligation called Build America Bonds (“BABs”) to […]