Manual of Aid to State & Local Governments Under CARES Act

The Manual of Aid to State & Local Governments Under CARES Act is a comprehensive guide to federal assistance to state and local governments under the recent COVID-19 relief bill. We are maintaining the Manual to reflect regulatory developments as federal agencies implement the CARES Act. The Manual is now current as of April 15, 2020....

The novel coronavirus (“COVID-19”) has impacted revenues for most businesses. Many counties in Texas have issued “shelter in place” orders, and many countries have limited or banned domestic and international travel. With revenues down, business owners are concerned about managing expenses, and property tax are consistently among the top expenses for Texas property owners. This...

Finally, both DOL and USCIS are showing a willingness to relax their requirements in an effort to help Employers timely respond to requests for information during the COVID-19 pandemic. DOL The DOL has announced the following temporary measures to allow Employers to continue to comply with its regulations: Extension for deadlines: DOL has extended the...

We recently sent out information to inform borrowers about potential deferment options available depending on loan type. Recently, clients have encountered lenders refusing to entertain deferment instead insisting borrowers take out an SBA Disaster Assistance Loan (“DALs”) to pay their mortgage or seek potential financing under the proposed legislation currently known as the CARES Act....

An earlier version of this article did not mention that “time warrants” are, like all city and county debt, subject to the requirements of the Texas Constitution, Article 11, Sections 7(a) and 5(a), as applicable. Please consult your city attorney and/or bond counsel prior to the issuance of any time warrant to determine the most...

During this time of crisis, the legislature is passing significant legislation in order to aid the economy along with employers and employees. One of the major acts passed is the Families First Coronavirus Response Act. There are two provisions of the Act the Emergency Family Leave Expansion Act and the Emergency Paid Sick Leave Act...

3/30/20 UPDATED Steps to Obtain SBA Disaster Relief Loan Businesses are facing unprecedented hardships due to the impact of the novel coronavirus (“Covid-19”). Our office has been working closely with our clients (business owners, landlords, tenants, lenders, borrowers, etc.) to provide guidance during this time. Although every situation is unique, one issue that is consistent...

If you are a business owner worried about how, or if, you can make your next loan payment, you are certainly not alone. With the COVID-19 outbreak, these are tumultuous times and like you, there are countless business owners facing the challenge of how to prioritize business expenses when cash flow is drying up.    For...