Timothy J Horstmann

May 09, 2024 | The Legal Intelligencer

The grants are funded through the U.S. Treasury under the American Rescue Plan Act of 2021 (ARPA), which authorized the use of funds for broadband infrastructure projects targeted at unserved or underserved households and businesses. Combined with private matching funds, the awards will result in over $400 million of broadband projects throughout Pennsylvania.

By Timothy J. Horstmann and Kenneth Stark

6 minute read

February 06, 2024 | The Legal Intelligencer

The Inflation Reduction Act, Public Law 117-168 was signed into law by President Joe Biden on Aug. 16, 2022, but the impact of some of its provisions is just beginning to be felt. Among those are the substantial federal subsidies the act provides for state and local government investments in clean energy projects.

By Timothy J. Horstmann and Ryan Gonder

7 minute read

April 06, 2023 | The Legal Intelligencer

The world of municipal bonds tends to be conservative in nature and slow to change. The ESG movement (environmental, social and governance) presents a new way of looking at things that can cause confusion and even shock when it bumps up against traditional concepts.

By David Unkovic and Timothy J. Horstmann

8 minute read

March 31, 2022 | The Legal Intelligencer

In this article, we explore some of the alternatives that issuers have applied to achieve the same or similar benefits that would be achieved with a traditional tax-exempt advance refunding.

By Timothy J. Horstmann and Frannie Reilly

9 minute read

February 03, 2022 | The Legal Intelligencer

The final rule updates the rules governing the expenditure of funds received by public entities under the program.

By Timothy J. Horstmann

8 minute read

July 29, 2021 | The Legal Intelligencer

By now, Pennsylvania and its municipalities have received at least a portion of their ARPA funds. But what can they do with it? On May 17, the U.S. Department of the Treasury (the department) published an interim final rule providing guidance to recipients on the use of ARPA funds.

By Timothy J. Horstmann

7 minute read

April 08, 2021 | The Legal Intelligencer

With the U.S. Department of the Treasury mandated to pay out a substantial portion of the funds within 60 days of the enactment of ARPA, Pennsylvania and its municipalities might see initial funding from ARPA as early as May.

By Timothy J. Horstmann

7 minute read

February 04, 2021 | The Legal Intelligencer

Recent legislation passed by the Pennsylvania General Assembly offers a new short short-term borrowing option to local governments and school districts dealing with budget uncertainties related to the ongoing COVID-19 pandemic.

By Timothy J. Horstmann

5 minute read

February 19, 2020 | The Legal Intelligencer

The advent of a new calendar year means many things. For municipalities with outstanding bank loans or interest rate swaps, 2020 may be the year when many first hear about the long-planned phase-out of the London Interbank Offered Rate (LIBOR).

By Timothy J. Horstmann and Erica M. Wible

8 minute read

February 14, 2019 | The Legal Intelligencer

With the Pennsylvania General Assembly officially starting its new legislative session this January, now is a good time to take stock of the legislative proposals affecting municipalities that were approved by the Assembly and signed into law by Gov. Tom Wolf during the 2017-2018 session.

By Timothy J. Horstmann

7 minute read