Hawkins Advisories on Securities Law and Tax Law Developments in Public Finance


Attorneys at Hawkins have recently authored several Hawkins Advisories on legal topics of interest to issuers and professionals in the tax-exempt finance industry, including updates on several important developments in tax and securities law. By circulating Advisories after important legal developments in public finance, Hawkins keeps its clients and friends well informed as to these topics.

John McNally and other attorneys in the Hawkins securities law group authored Hawkins Advisories on the SEC cease-and-desist settlement orders with 71 municipal issuers and obligated persons pursuant to the MCDC Initiative and on MSRB Rule G-42.

Attorneys in the Hawkins tax department authored Hawkins Advisories on new final regulations published by the IRS amending certain provisions of the existing arbitrage regulations and on IRS Revenue Procedure 2016-44, which modifies existing procedures on treatment of management contracts involving property financed with tax-exempt bond proceeds.

These Hawkins Advisories and many others on topics of interest may be found at www.hawkins.com.

Also of Interest

  • SEC Actions – Rule 15c2-12 Limited Offering Exemption
    This Advisory examines how, for the first time, the SEC has brought charges against underwriters who fail to meet the legal requirements of the limited offering exemption provided by Rule 15c2-12 in connection with offerings of municipal securities.
  • Municipal Market — Federal Securities Law Update (2022)
    This Hawkins Advisory provides an update on the municipal securities market and related federal securities law regulation. In particular, this Advisory reviews (i) the current composition of the Securities and Exchange Commission (the “SEC”) and its regulatory priorities; (ii) the SEC’s proposed rules on climate change disclosure and other environmental, social, and governance (“ESG”) initiatives; (iii) developments in cybersecurity disclosure; and (iv) recent SEC enforcement actions in the municipal securities market.
  • Federal Legislation Moves SOFR Closer
    This edition of  the Hawkins Advisory discusses the recent federal legislation signed into law on March 15, 2022.
  • New Private Activity Bond Provisions for Qualified Carbon Dioxide Capture Facilities
    A new category of tax-exempt private activity bonds was created as part of the Infrastructure Investment and Jobs Act, enacted in November 2021, to encourage private investment in carbon dioxide capture facilities.