Articles and Blogs

Borrowers of tax-exempt debt across the country with outstanding bond issuances tied to the London Interbank Offered Rate (“LIBOR”) are working to amend their financial instruments to account for the cessation of the rate’s publication after June 30, 2023. To address and limit the anticipated impacts associated with the cessation of LIBOR, the Treasury... READ MORE

Late during the evening of April 2, 2020, the U.S. Treasury, which is jointly administering the Paycheck Protection Program (“PPP”) along with the Small Business Administration (“SBA”), released this Interim Final Rule (the “Rule”) that contains several material changes to the initial guidance published by the SBA and U.S. Treasury on March 31, 2020... READ MORE