National Non-Profit Fair Housing Organization Files Complaint Against Fannie...
On May 12, 2015, the National Fair Housing Alliance (NFHA) and 19 local fair housing organizations (collectively, the “Complainants”) filed a fair housing discrimination complaint with the U.S....
View ArticleA New Tool for Developing and Financing Public and Private Infrastructure:...
Even as the state's economy continues to improve, local governments continue to struggle to find ways to meet the state's backlog of infrastructure needs, including water, transportation, energy,...
View ArticleUnited States Tax Court, Bob R. Davis and Erin Davis, Petitioners v....
Shareholder Marcus Brooks served as lead counsel in Bob R. Davis and Erin Davis, Petitioners v. Commissioner of Internal Revenue, Respondent. The case involved a charitable deduction for a bargain sale...
View ArticleTexas Supreme Court Upholds Property Tax Exemption For Student Housing...
On April 24, 2015, the Texas Supreme Court in Texas Student Housing Authority v. Brazos County Appraisal District and Appraisal Review Board for Brazos County Appraisal District rejected a county...
View ArticleOIG issues additional guidance to healthcare boards regarding compliance...
The Office of the Inspector General (OIG) of the U.S. Department of Health and Human Services, together with leading legal, audit and compliance collaborators, recently issued the fourth in a series of...
View Article4 Things to Know Before Joining a Nonprofit’s Board
You’ve been asked to serve on the board of a nonprofit organization. Congratulations—you can render a real service to the community! Attorneys do make great nonprofit directors, but before you sign on,...
View ArticleNew York State Attorney General Issues Guidance on the Conflict of Interest...
The New York State Attorney General’s Charities Bureau recently issued written guidance on certain provisions of the New York Non-Profit Revitalization Act of 2013 (the “Act”), including provisions on...
View ArticleCourt Affirms California Attorney General’s Demand for Confidential Donor List
Unwelcome news for charities concerned with donor confidentiality - A recent court ruling upheld the position of the California Attorney General (AG) requiring that charities located or operating in...
View ArticleFAIL: For-Profit Education Sector Dealt Major Blow
For-profit education was dealt a major blow in a federal court case challenging the Department of Education’s Gainful Employment Rule. U.S. District Court Judge Lewis Kaplan of New York dismissed a...
View ArticlePerspectives: Trends and Topics in Not-For-Profit Management - May 2015
In this Issue: - Not-for-Profit Spotlight - IP and IT Procurement for Not-for-Profit Organizations - Starting Off Right: Recruiting, Training and Retaining Fundraising Staff - Guidance Released for...
View ArticleOil and Gas Company with Republic of Guinea Operations Announces Conclusion...
Houston-based Hyperdynamics Corp. announced in an 8-K filed on May 26 that the DOJ had closed its investigation into alleged FCPA violations by the company in the Republic of Guinea. A parallel...
View ArticleChanges Afoot To The Minimum Wage In California
Today, the Los Angeles City Council voted 13-1 to make the City the largest in the United States to have a minimum wage to $15/hour, a raise which will fully go into effect in 2020. Currently, the...
View ArticleRLUIPA Round-Up
This week, RLUIPA Defense continues its effort to aggregate important new stories reflecting the intersection of religion, land use and local government. Indiana’s First Church of Cannabis in...
View ArticleRating Agency Developments
On June 1, DBRS released its RMBS Insight 1.2: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology. On June 1, Fitch released its U.S. RMBS Surveillance and Re-REMIC Criteria. On...
View Article[Video] Nowotny on Private Placement Group Variable Deferred Annuity...
The Private Placement Group Variable Deferred Annuity Contract aka GAC has quietely been used by tax-exempt organizations for some time. As far as I can count, $50 billion of tax exempt transactions...
View ArticleFlorida’s Immune System: No First-Party Bad Faith Claims Against The...
Earlier this month, in Citizens Property Insurance Corp. v. Perdido Sun Condominium Association, Inc., No. SC14-185 (Fla. May 14, 2015), the Supreme Court of Florida held that the immunity from suit...
View ArticleAlabama Supreme Court Reverses Arbitration Award Where Arbiter Failed To Make...
In a case involving a dispute between a not-for-profit corporation administering a self-insured group workers’ compensation fund and their investment advisor and broker-dealer, the Supreme Court of...
View ArticleCMS Issues Final ACO Rules: Key Legal Implications for Hospital & Health...
On June 4, 2015, the Centers for Medicare & Medicaid Services (CMS) released a final rule (Final Rule) containing changes to its Medicare Shared Savings Program (MSSP). Some of the changes codify...
View ArticleCharitable Exemption Begins on Tax Assessment Day
The Commonwealth Court of Pennsylvania held that a trial court correctly held that a charitable exemption in Allegheny County begins only on the next assessment day, not when the property was acquired....
View ArticleTexas Adds Exemptions to Texas SAFE Act Licensing Requirements
Texas has amended its provisions relating to exemptions from the applicability of the Texas SAFE Act for certain nonprofit organizations and their residential mortgage loan originators (MLOs). Under...
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