Having already established a reputation for itself in Seneca County, Saull Law & Title, a full-service law firm with headquarters in Upper Sandusky, recently signed a contract to purchase the former Your Legacy Credit Union building in downtown Tiffin, 170 S. Washington St, and a branch will open soon.
In response to the COVID-19 pandemic, state and local government issuers of securities, and others generally obligated to support the payment of such securities, who entered into continuing disclosure undertakings or agreements (CDAs) in accordance with Securities and Exchange Commission (SEC) Rule 15c2-12, may have questions concerning their continuing disclosure responsibilities. The following information provides guidance with respect to some commonly asked questions many issuers and “obligated persons” currently face. (Note that its purpose is to provide information of a general nature on this topic and should not be construed as legal advice.)
Pandemic Unemployment Assistance Program Available: The Ohio Department of Job and Family Services announced May 13 that Ohioans can now apply for Pandemic Unemployment Assistance (PUA), a new federal program that covers many more categories of workers than the traditional unemployment program. Those who believe they may be eligible should visit pua.unemployment.ohio.gov and click the button that says “Click Here to Apply for Pandemic Unemployment Assistance.” Individuals who pre-registered for the program received an email earlier this week with instructions for how to complete their applications. To read the release on PUA, click here.
Possible Future Aid: On May 15, the House approved a fifth aid bill dubbed the “HEROES Act” (Health and Economic Recovery Omnibus Emergency Solutions Act) that would authorize additional COVID assistance totaling $3 Trillion. The measure is unlikely to progress, however, as it is not supported by many Republican lawmakers. The bill includes another round of direct cash payments to individuals, extends unemployment benefits to the end of January, adds hazard pay for front-line workers and includes aid to state and local governments. It also expands virus-testing efforts and contact tracing and treatment. The bill also includes some changes to programs that were approved in the CARES Act, including an expansion of the IRS payment program. In addition, the plan sets aside $3.6 billion to protect federal elections, $25 billion to support the U.S. Postal Service, $100 billion for low-income rent support, $75 billion for a homeowner assistance fund and $100 million for the Violence Against Women Prevention and Prosecution Programs. It also would expand funding for small-business loans, enhance an employee-retention tax credit program and boost worker protections.