FEDERAL RESERVE ANNOUNCES MUNICIPAL LIQUIDITY FACILITY PROGRAM

On Thursday, April 9, the Federal Reserve took actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic.

One of the actions that the Federal Reserve is taking is geared toward helping state and local governments manage cash flow stresses caused by the coronavirus pandemic by establishing a Municipal Liquidity Facility (the “Facility”).  Pursuant to the Facility, a Federal Reserve Bank will commit to lend up to $500 billion to special purpose vehicle (“SPV”) on a recourse basis.  The SPV will in turn purchase “Eligible Notes” directly from Eligible Issuers.  The SPV will have the ability to purchase up to $500 billion of Eligible Notes.  States, the District of Columbia, counties with a population of at least two million residents, and […]

2020-05-07T17:44:11-05:00Apr 14, 2020|

LGN Federal Relations Policy Brief: Federal Transportation Funding

Although Congress is out of session for its August recess and passing a large bipartisan infrastructure package is less likely to become reality, other major transportation and infrastructure initiatives have a real opportunity to pass a divided Congress and be signed into law by the president.

America’s Transportation Infrastructure Act (ATIA) of 2019 and the annual Transportation, Housing, and Urban Development (“T-HUD”) appropriations bill are the two key pieces of transportation legislation we see potential impact or opportunity for our clients. With August recess underway and the presidential campaign’s paralytic effect on the legislative process around the corner, the transportation policy landscape will be significantly shaped in late 2019. For Minnesota cities and counties, this legislation is where a number of critical infrastructure projects will get federal funding, from rural and suburban highways to urban transit systems.

America’s Transportation Infrastructure Act (ATIA) of 2019, otherwise known as the surface transportation reauthorization bill, […]

2019-08-19T17:50:24-05:00Aug 12, 2019|

LGN’s Rebecca Kanninen and Emily Tranter speak at Minnesota Chiefs of Police Association ETI Expo

LGN was proud to be a Chief Presenting Sponsor of the Minnesota Chiefs of Police Association’s Executive Training Institute & Law Enforcement Expo last week.

LGN partner Rebecca Kanninen introduced the association’s Executive Director, Andy Skoogman, at the conference’s President’s Reception. Emily Tranter, from LGN’s Federal Relations team in Washington, D.C., was joined by former Saint Paul Mayor Randy Kelly to present a briefing on emerging issues impacting law enforcement at the federal level,

LGN represents several law enforcement organizations at the state and federal level, including the Minnesota Police and Peace Officers Association, the North Dakota Peace Officers Association, and the Police Officers Association of Michigan. LGN also works on behalf of cities and counties seeking state and federal funding for public safety related projects.

2019-05-01T16:29:59-05:00May 1, 2019|
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