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Commonwealth Court Holds Prevailing Wage Does Not Apply to Conduit Financings
On August 4, 2022, the Commonwealth Court of Pennsylvania overturned a June 2021 Pennsylvania Prevailing Wage Appeals Board decision that effectively applied prevailing wages to conduit-financed 501(c)(3) construction projects throughout the Commonwealth. In 2016, Ursinus College funded a campus construction project with bonds issued by the Montgomery County Higher Education and Health Authority for the benefit of the College. In this typical (albeit nuanced) plan of finance, federal tax regulations permit 501(c)(3) organizations to finance...
Mette, Evans & Woodside Welcomes Attorney Ben Ried as Shareholder
The law firm of Mette, Evans & Woodside recently announced that attorney Benjamin A. Ried has joined the firm as a shareholder. Ried has a transactional law practice focusing primarily on representing municipalities, municipal authorities, school districts, and nonprofit corporations to finance and refinance their capital projects. His municipal experience extends to counseling on the structure and delivery of public sewer, water, and stormwater services. Ben lived in South America for several years and now...