Tackle These Tough Issues
Whether they’re full time employees or in private practice, municipal solicitors in Pennsylvania handle a wide variety of legal work, including litigation, contracts and labor matters. Although a municipality may retain separate bond counsel, the solicitor must take steps to protect the client before a bond is issued.
Legal Challenges Facing Distressed Municipalities
Many municipalities are finding it difficult to balance their budgets and pay long-term obligations such as pensions and post-retirement benefits. Some face a downward spiral of continuing deficits and unpaid obligations. This session reviews the legal challenges that commonly confront distressed municipalities, and how the Act 47 process and Chapter 9 bankruptcy work.
Beyond Plain Vanilla Public Bond Issue
This session will examine some of the reasons for issuing bonds beyond a normal project or refunding – such as the recently-created city revitalization and improvement zone (CRIZ) authority and pension obligation bonds – the benefits and drawbacks of doing so, and the legal challenges that they may face.
Continuing Disclosure Landscape
This session will review the continuing disclosure obligations of municipal issuers under SEC Rule 15c2-12, documents that must be filed with the Municipal Securities Rulemaking Board, recent SEC enforcement actions and best practices for municipal issuers.