Tag: Municipal bonds

Bill Would Eliminate Five Percent Down Payment for Bond Ordinances
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Bill Would Eliminate Five Percent Down Payment for Bond Ordinances

On By Sheri Siegelbaum

New Jersey lawmakers are currently considering legislation that would allow municipalities to avoid the five percent down payment required for bond ordinances. The bill (AB No. 1640) would give local cities and towns much-needed flexibility as many local budgets remain tight.  The Assembly Housing and Community Development Committee recently advanced

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Deadline for NJ Municipalities to Participate in SEC’s Continuing Disclosure Initiative Approaching
Categories : Municipal Law UncategorizedTags : Leave a comment

Deadline for NJ Municipalities to Participate in SEC’s Continuing Disclosure Initiative Approaching

On By Sheri Siegelbaum

The deadline is approaching for New Jersey municipalities to participate in the Securities and Exchange Commission’s (SEC) compliance initiative involving continuing disclosure requirements related to outstanding bonds and other securities. SEC’s Municipalities Continuing Disclosure Cooperation Initiative is intended to address what the agency views as “potentially widespread violations of the

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