The variable rate taxable bond is becoming a popular financing method for capital projects, debt refinancing and acquisition financing. Variable rate taxable bonds are available for non-manufacturing as well as manufacturing clients. The interest rates on variable rate taxable bonds are generally 1 to less than conventional interest rates. The […]
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Industrial Development Revenue Bond (IDRB) Financing for New and Existing Manufacturing Facilities
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On the heels of the Fixing America’s Surface Transportation Act’s (FAST ACT) December 4, 2015 signing by President Obama, the Federal Highway Administration issued a February 24, 2016 Memorandum discussing various provisions of the legislation, including size and weight restrictions for carriers operating on the interstate system. Click the attachment […]
There is good news for religiously-affiliated organizations on the financing front. On September 16, 2002, the Michigan Attorney General’s Office granted its approval of Michigan Strategic Fund (“MSF”) revenue bond financing for the costs of land acquisition and construction of a new 73,100 sq. ft. school facility for our client, […]
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European Union Court Finds American Privacy Protection Insufficient; May Impose Severe Restrictions on US-EU Data Transfers
Does your company maintain a database that includes personal information on citizens of the European Union? If so, you are probably able to do so without penalty because of a provision, recognized in European* and American law, that has provided a “safe harbor” for American companies – subject to the […]
Conversion of another person’s property has been defined in Michigan as “any conduct inconsistent with the owner’s property rights.” You could take someone else’s property and conceal it, sell it, destroy it, or simply refuse to give it back upon request; if you do, you may have committed common law […]
You, a family member or friend may have questions about the divorce process. This pamphlet will give the reader a practical overview of divorce in Michigan. This is only an overview. It does not answer specific questions. Specific questions are best answered by consultation with an attorney specializing in […]
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Hazardous Materials Transportation: How a Carrier Can Turn into a Hazardous-Waste Generator (By Accident)
This is not your first time transporting hazardous materials. Safeco, your trucking company, is familiar with and follows every DOT regulation governing the transportation of hazardous material. It knows just what to do if a shipment of hazardous material is damaged, or begins to leak. 49 CFR 177.854 gives the […]
Under a change to the Fair Labor Standards Act (FLSA) made by the Patient Protection and Affordable Care Act, employers are required to permit nursing mothers to take breaks to express milk and to provide a private location, other than a bathroom, to do so. Nursing mothers may take “reasonable” […]
Bob Cleary recently conducted a transition workshop for a client who completed an asset purchase (bought a company) and wanted to minimize the usual discomfort it takes for the merged parties to become efficient as new compatible working partners. The client was relieved that the workshop produced swift results, claiming […]