{"id":111,"date":"2013-06-03T16:22:20","date_gmt":"2013-06-03T20:22:20","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/newmarketslaw\/?p=111"},"modified":"2014-08-27T15:35:43","modified_gmt":"2014-08-27T19:35:43","slug":"hurricane-sandy-recovery-bonds","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/2013\/06\/03\/hurricane-sandy-recovery-bonds\/","title":{"rendered":"Hurricane Sandy Recovery Bonds"},"content":{"rendered":"<p>As previously reported, Rep. Bill Pascrell (D-NJ-09) led a bipartisan push for introduction of the Hurricane Sandy Tax Relief Act of 2013 (H.R. 2137). This bipartisan bill included a total of 28 co-sponsors. In addition to the tax credit allocations detailed earlier, the legislation also authorizes creation of Hurricane Sandy Recovery Bonds for the impacted area. Hurricane Sandy Recovery Bonds will be a new state-by-state private activity bond allocation, including $9.2 billion for New York, $9.2 billion for New Jersey and $3.2 billion for Connecticut. The bond allocation will provide financing for the rebuilding of certain housing and critical infrastructure including: water and sewage systems, docks and wharfs, commuter facilities and energy production facilities. The bill has been referred to the House Committee on Ways and Means for review.<\/p>\n<p><em>Michael Pehur is Development Finance Consulting Director at<a href=\"http:\/\/www.dmgs.com\/\" target=\"_blank\"> Duane Morris Government Strategies<\/a> (DMGS), a consulting firm created from the former entities Duane Morris Government Affairs (DMGA) and GSP Consulting. DMGS supports the growth of organizations, companies, communities, and economies through a suite of innovative government and business consulting services.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As previously reported, Rep. Bill Pascrell (D-NJ-09) led a bipartisan push for introduction of the Hurricane Sandy Tax Relief Act of 2013 (H.R. 2137). This bipartisan bill included a total of 28 co-sponsors. In addition to the tax credit allocations detailed earlier, the legislation also authorizes creation of Hurricane Sandy Recovery Bonds for the impacted &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/newmarketslaw\/2013\/06\/03\/hurricane-sandy-recovery-bonds\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Hurricane Sandy Recovery Bonds&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,56,71],"ppma_author":[92],"class_list":["post-111","post","type-post","status-publish","format-standard","hentry","category-subsidized-financing-programs","tag-bond-financing","tag-hurricane-sandy","tag-pehur"],"authors":[{"term_id":92,"user_id":70,"is_guest":0,"slug":"mppehur","display_name":"Michael P. Pehur","avatar_url":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-content\/uploads\/sites\/9\/2014\/07\/pehurmichael-125x150.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-json\/wp\/v2\/posts\/111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-json\/wp\/v2\/comments?post=111"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-json\/wp\/v2\/posts\/111\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-json\/wp\/v2\/media?parent=111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-json\/wp\/v2\/categories?post=111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-json\/wp\/v2\/tags?post=111"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/newmarketslaw\/wp-json\/wp\/v2\/ppma_author?post=111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}