Environmental Credits and Environmental Credit Obligations
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on the Proposed Accounting Standards Update—Environmental Credits and Environmental Credit…
Summary
Court:
U.S. Court of Appeals (First Circuit)
Amicus Issue:
Whether Bankruptcy Code Section 928(a), which provides that post-petition pledged special revenue remains subject to a lien, and Section 922(d), which provides that the automatic stay does not stay the application of pledged special revenue, provide authority for a court to either compel the flow of pledged special revenues, or lift the stay to allow bondholders to compel the flow of pledged special revenues.
Counsel of Record:
Chapman and Cutler LLP
Laura E. Appleby
Steven Wilamowsky
Aaron Krieger
Other Amici:
None.
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