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Lori Smith-Lalla Joins Weiss Serota Helfman Cole & Bierman

Weiss Serota Helfman Cole & Bierman is pleased to announce that attorney Lori Smith-Lalla has joined the firm. Lori brings vast experience in public finance and bond transactions, and is board certified in City, County & Local Government Law by the Florida Bar.

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Categories: Community Outreach
Tags: BondsPublic Finance

Lori Smith-Lalla Joins Weiss Serota Helfman Cole & Bierman

Weiss Serota Helfman Cole & Bierman is pleased to announced that attorney Lori Smith-Lalla has joined the firm. Lori brings vast experience in public finance and bond transactions, and is board certified in City, County & Local Government Law by the Florida Bar.

Read the rest of this entry »

Categories: Community Outreach
Tags: BondsPublic Finance

Bonds for Capital Improvements for PortMiami to be Priced and Sold This September

Recently, The Bond Buyer reported that underwriters working on the capital improvement plan at PortMiami were scheduled to begin pricing $390 million of seaport revenue bonds to retail investors on September 9, followed by institutional sales on September 10. $360 million of the offering will be new-money bonds that will finance part of a $977 million capital improvement plan to expand the port. The County plans to use $162 million of bond proceeds to finance a portion of the “Deep Dredge Project,” which is expected to increase the depth of the port channel and accommodate larger ships to pass through the port. Bond proceeds will also be spent on infrastructure and terminal improvements, including rail transportation systems to the port, an underwater tunnel, and the purchase of additional cranes to service the ships. The project is aimed to bring increased port business to Miami as an alternative to freight and truck shipping. WSH attorneys serve as the underwriters’ counsel.

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Categories: Government AffairsLocal Government
Tags: Mitchell A. BiermanJamie A. ColeJeffrey DeCarloChad S. FriedmanRichard Jay WeissDavid M. WolpinSouth Florida Public Transactions LawFort Lauderdale Public Transactions LawMiami Public Transactions Law Public FinanceMunicipal Bonds
Author(s): Brooke P. Dolara

Sequester Results in Reduction of Bond Subsidy Payments

In the first significant impact of the federal sequestration on municipal bond issuers, the IRS announced on Monday that payments to issuers that elected to receive a direct credit subsidy under the Build America Bonds, Qualified School Construction Bonds, Qualified Zone Academy Bonds, New Clean Renewable Energy Bonds, and Qualified Energy Conservation Bonds programs, will be reduced 8.7% effective March 1, 2013. The sequestration reduction rate will be applied until the end of the fiscal year (September 30, 2013) or intervening Congressional action, at which time the sequestration rate is subject to change.

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Categories: Local GovernmentFederal Law
Tags: Municipal GovernmentMitchell A. BiermanJamie A. ColeJeffrey DeCarloChad S. FriedmanRichard Jay WeissDavid M. WolpinBondsFort Lauderdale Local Government LawMiami Local Government LawSouth Florida Local Government LawFort Lauderdale Municipal AttorneysMiami Municipal AttorneysSouth Florida Municipal AttorneysPublic FinanceMunicipal Bonds
Author(s): Jeffrey DeCarlo

Threats To Tax-Exemption Of Municipal Bonds Diminish--For Now

Municipal market participants are breathing a sigh of relief that the recent fiscal cliff agreement did not include any changes to the tax-exempt status of interest on municipal bonds.

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Categories: Local Government
Tags: Municipal GovernmentSpecial Counsel to Local GovernmentMitchell A. BiermanJamie A. ColeJeffrey DeCarloChad S. FriedmanSusan L. TrevarthenRichard Jay WeissDavid M. WolpinBondsFort Lauderdale Local Government LawMiami Local Government LawSouth Florida Local Government LawFort Lauderdale Governmental Affairs AttorneysMiami Governmental Affairs AttorneysSouth Florida Governmental Affairs AttorneysSouth Florida Private Transactions AttorneysSouth Florida Private Transactions LawyersFort Lauderdale Private Transactions AttorneysMiami Private Transactions AttorneysSouth Florida Public Transactions LawFort Lauderdale Public Transactions LawMiami Public Transactions Law Public FinanceMunicipal Bonds
Author(s): Jeffrey DeCarlo

SEC Asks Congress for Greater Control Over Municipal Bond Market

The Securities and Exchange Commission("SEC") recently released a report on the municipal bond market which requests Congressional approval for authority to regulate municipal bond issuers and the required content of disclosure documents provided to investors. Under current law, municipal issuers are required to comply with the broad antifraud provisions of federal and state securities laws, but are not directly regulated by the SEC. The SEC currently has authority to regulate broker-dealers and municipal securities dealers, which has an indirect impact on the municipal marketplace. The requested authority would provide the SEC, for the first time, with direct authority over municipal bond issuers.

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Categories: Government AffairsLocal GovernmentFederal Law
Tags: Jeffrey DeCarloFort Lauderdale Municipal AttorneysMiami Municipal AttorneysSouth Florida Municipal AttorneysSouth Florida Private Transactions AttorneysSouth Florida Private Transactions LawyersFort Lauderdale Private Transactions AttorneysMiami Private Transactions AttorneysSouth Florida Public Transactions LawFort Lauderdale Public Transactions LawMiami Public Transactions Law Public FinanceSecurities and Exchange CommissionMunicipal Bonds
Author(s): Jeffrey DeCarlo