June 21, 2012
Conduit Bonds law review
See Fordham Law Review article on Conduit Bonds: http://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=4492&context=flr
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June 21, 2012
FASB Staff Position 126-1 Clarifies the Definition of a Public Entity
This FASB Staff Position (FSP) clarifies the definition of a public entity in certain accounting standards to include entities that are conduit bond obligors for conduit debt securities that are traded in a public market. This FSP amends APB Opinion No. 28, Interim Financial Reporting; FASB Statements No. 69, Disclosures…
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June 5, 2012
Conduit Municipal Bonds Promote Public/Private Partnerships
Hybrid profit/non-profit enterprises may be the new model for public/private joint enterprise. A low profit, limited liability (“L3C”) company and a Benefit Corporation, defined only slightly differently, are new legal structures which provide for profit-plus-social enterprise. The Internal Revenue Code (“IRC”) offers new regulations meant to guide persons investing in…
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