Michael Kersten

Michael Kersten

Ballard Spahr LLP

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The Fed Throws a Cash Flow Lifeline to State and Local Governments

The Federal Reserve Board’s New Municipal Liquidity Facility - On April 9, 2020, the Federal Reserve Board announced a new Municipal Liquidity Facility loan program (the Facility) authorized under Section 13(3) of the...more

4/14/2020  /  Coronavirus/COVID-19 , Federal Reserve , Issuer Eligibility Criteria , Liquidity , Loans , Municipalities , Special Purpose Vehicles
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