On July 8, Governor Malloy signed into law Public Act No. 17-147, An Act Concerning State Taxation and Collection, Tax Gap Compliance, Tax Preparers and Facilitators, Changes to the Tax and Related Statutes, a Mental Health Community Investment Account and Municipal Bonds.
The legislation makes noteworthy changes regarding the structuring of municipal bonds. The legislation:
These changes are applicable to obligations issued during the period from July 1, 2017 through June 30, 2022. The refunding provisions require a two-thirds vote of the municipality's legislative body.
Any municipality considering issuing bonds in accordance with this legislation should address the implications of doing so with its municipal financial advisor and bond counsel.
Day Pitney Partner Namita Tripathi Shah was featured in the Diverse Lawyers Network newsletter for her election to the firm's Executive Board.
Day Pitney leadership changes were featured in the Boca Raton Tribune article, "Greg A. Hayes Named Managing Partner of Day Pitney."
Day Pitney's Partner Gregory A. Hayes' elevation to Managing Partner was featured in Westfair Communication's Fairfield County Business Journal article, "New Managing Partner at Day Pitney Law Firm."
Day Pitney New Jersey Partners Katharine "Kate" A. Coffey and Craig M. Gianetti new roles as co-chairs of the real estate and environmental practice was featured in the New Jersey Law Journal's article, "New Leadership Announced at Day Pitney."
Day Pitney's new Managing Partner Gregory A. Hayes was featured the Hartford Business Journal article, "Strategic Growth: Day Pitney Names New Managing Partner; Plans Downtown Hartford Move."
Day Pitney leadership changes were featured in the Law360 Pulse article, "Day Pitney Taps Conn. Atty As New Managing Partner."
Day Pitney leadership changes were featured in the Connecticut Law Tribune article, "New Managing Partner, Executives at Day Pitney."
Partner and Chair of Day Pitney's Private Equity and Finance group Namita Shah was featured in Rocky Hill Life for being a recipient of a South Asian Bar Association (SABA) of North America's Cornerstone Award for 2022.
Partner and Chair of Day Pitney's Private Equity and Finance group Namita Shah was featured in the Diverse Lawyers Network newsletter for being a recipient of a South Asian Bar Association (SABA) of North America's Cornerstone Award for 2022.
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