DASNY and ESD are now empowered to incur revolving credit facilities to offset New York State’s cash-flow shortfalls
Included in a New York State budget bill enacted in early April as Chapter 56 of the Laws of 2020, are provisions authorizing DASNY and Urban Development Corporation (d/b/a Empire State Development) to seek lines of credit or other revolving financing facilities of up to $3 billion in aggregate.
The U.S. economy is in sudden decline due to the national public health crisis caused by the COVID-19 pandemic.
On April 9, 2020, the IRS issued Notice 2020-23, extending deadlines for a large number of acts due to be performed.
No Need to Worry About Tax Implications of Modifying Mortgage Loans in Securitization Trusts by Christopher Klug April 23, 2020 The U.S. economy is in sudden decline due to the national public health crisis caused by the COVID-19 pandemic. With...
New Tax Deadlines by Augusto Egoavil April 20, 2020On April 9, 2020, the IRS issued Notice 2020-23, extending deadlines for the filing of a large number of forms and for making certain related payments. Deadlines have been extended in furtherance of those...
On April 9, 2020 BurgherGray's Gopal Burgher, Chris Klug, and Gaurav Parikh hosted a webinar featuring in-depth, up-to-the-minute webinar discussion of the most pressing business and legal considerations for the financial relief assistance in response to COVID-19...