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Fed’s $500 Billion Muni-Lending Plan Faces Hurdles in State Laws – Bloomberg

Butler Snow attorney Dee P. Wisor was recently mentioned and quoted in an article by Bloomberg about the Federal Reserve’s plan to lend to states and cities to limit the financial hit from COVID-19.

The following is an excerpt from the article:

There’s not much that the Fed could do with the existing program — other than perhaps expanding it to long-term debt — to get around some of the states’ constitutional and statutory limits, said Dee Wisor, a bond lawyer for Butler Snow and former president of the National Association of Bond Lawyers.

“State-by-state, folks are going to have to work that out,” he said.

Read the article in its entirety here.