Timothy J Horstmann

December 11, 2015 | The Legal Intelligencer

As 2015 winds down and we prepare to welcome 2016, many smaller municipalities, municipal authorities, and other public entities may be putting the final touches on last-minute financings, or preparing for new financings in early 2016. In many of these issuances, the term "bank-qualified" will be used.

By Timothy J. Horstmann

7 minute read

October 29, 2015 | New Jersey Law Journal

If a governmental entity intends to sell or lease its assets, one of the first steps is to evaluate the proposed transaction from a federal income tax perspective.

By Timothy J. Horstmann

8 minute read

October 29, 2015 | New Jersey Law Journal

If a governmental entity intends to sell or lease its assets, one of the first steps is to evaluate the proposed transaction from a federal income tax perspective.

By Timothy J. Horstmann

8 minute read

September 22, 2015 | The Legal Intelligencer

Municipalities, school districts and other governmental entities in Pennsylvania may want to sell or lease their assets for a variety of reasons. Governmental entities facing financial distress may sell or lease assets to generate a substantial upfront payment that can be used for a variety of purposes, including paying down debts resulting from labor and personnel costs, pension and other retirement benefits, or a costly litigation judgment.

By Timothy J. Horstmann

9 minute read

September 21, 2015 | The Legal Intelligencer

Municipalities, school districts and other governmental entities in Pennsylvania may want to sell or lease their assets for a variety of reasons. Governmental entities facing financial distress may sell or lease assets to generate a substantial upfront payment that can be used for a variety of purposes, including paying down debts resulting from labor and personnel costs, pension and other retirement benefits, or a costly litigation judgment.

By Timothy J. Horstmann

9 minute read

July 28, 2015 | The Legal Intelligencer

A current hot topic in the world of municipal finance is the issue of voluntary reporting of information regarding direct bank loans to governmental entities or conduit governmental entity borrowers.

By Daniel J. Malpezzi and Timothy J. Horstmann

7 minute read

July 27, 2015 | The Legal Intelligencer

A current hot topic in the world of municipal finance is the issue of voluntary reporting of information regarding direct bank loans to governmental entities or conduit governmental entity borrowers.

By Daniel J. Malpezzi and Timothy J. Horstmann

7 minute read

March 24, 2015 | The Legal Intelligencer

On Oct. 31, 2014, then-Gov. Tom Corbett signed HB 1773 into law, as Act 199. Act 199 represents the most significant reform in decades of Pennsylvania's financial recovery program, commonly known as the Act 47 program.

By Timothy J. Horstmann

5 minute read

March 23, 2015 | The Legal Intelligencer

On Oct. 31, 2014, then-Gov. Tom Corbett signed HB 1773 into law, as Act 199. Act 199 represents the most significant reform in decades of Pennsylvania's financial recovery program, commonly known as the Act 47 program.

By Timothy J. Horstmann

5 minute read

January 20, 2015 | The Legal Intelligencer

On Dec. 30, 2014, the borough of Middletown in Dauphin County closed on a 50-year lease of its water and sewer system. Pursuant to this public-private partnership, United Water will operate, maintain and manage the system, but Middletown will retain ownership of the assets even after the contract term.

By Timothy J. Horstmann and Adam L. Santucci

8 minute read