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Public Finance State Constitutions

Sherman & Howard L.L.C.

TABOR's Tightrope: Navigating Fiscal Terrain in Colorado Contracts

The Taxpayer Bill of Rights (“TABOR”) is part of Article X of the Colorado Constitution. In general, TABOR requires voter approval before taxes can be raised by the state and local governments (collectively defined as...more

Orrick, Herrington & Sutcliffe LLP

Tax-Exempt Lending to Governments and Nonprofits; Bank Loans and Direct Purchases of Municipal Securities

Commercial banks and other financial institutions (“lender” or “lenders”) have historically provided financing to both governmental entities and nonprofits on a tax-exempt basis through loans and direct purchases of municipal...more

Ballard Spahr LLP

NJ Supreme Court Upholds COVID-19 Emergency Bond Act

Ballard Spahr LLP on

The Supreme Court of the State of New Jersey upheld the New Jersey COVID-19 Emergency Bond Act (the Act), authorizing the State to issue up to $9.9 billion in state borrowing either through general obligation bonds or...more

Best Best & Krieger LLP

"Qualified Electors" Under Mello-Roos Community Facilities Act are Registered Voters, Not Landowners, Court Says - A California...

The California Constitution requires cities, counties and special districts imposing a special tax to obtain a two-thirds vote of the “qualified electors” of such entity. The Mello-Roos Community Facilities Act of 1982 states...more

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