Entries by Debora

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NUCA Calls on New Administration to Keep Its Focus on Infrastructure

Biden Sworn-In As 46th President of the United States NUCA Calls on New Administration to Keep Its Focus on Infrastructure   The chief executive officer of the National Utility Contractors Association (NUCA), Doug Carlson, issued the following statement about President Biden’s inauguration:    “The National Utility Contractors Association congratulates President Joe Biden and Vice President […]

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Eagle Bank provides COVID-19 emergency services

NUCA of Metro DC Founding Member, Eagle Bank has been busy helping other NUCA members and clients during this challenging time. In deploying more than 70 Bank specialists to support efforts being made by Eagle Bank’s Small Business Lending Group, they were able to process over 1330 applications for the Paycheck Protection Program (PPP) – […]

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COVID-19 and Excusable Delay on Public Projects in DC, MD, VA

COVID-l9 and Excusable Delay on Public Projects 042020 COVID-l9 and Excusable Delay on Public Projects in the District of Columbia, Maryland and Virginia By Gina L. Schaecher and Eric S. Lammers, Rees Broome, P.C. While COVID-I9 stay-at-home orders have not shut down all construction projects in the District of Columbia, Maryland and Virginia, the impacts […]

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DC Water saves $50 million; refunds nearly $300 million in utility bonds

While keeping on top of the pandemic response, DC Water last week capitalized on the volatile investment market, saving $50 million by refinancing Series 2012 A and C subordinate-lien bonds.DC Water completed the Series 2022 Forward Direct Purchase with JP Morgan through DNT Asset Trust to refund almost $300 million in outstanding debt. The transaction […]

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SBA halts new applications for COVID-19 assistance loans

Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. To learn […]

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Extended State of Emergency & Health Order in DC

On April 15, 2020, DC Mayor Muriel Bowser issued Mayor’s Order 2020-063 to extend the state of emergency and public health emergency for Washington, DC through May 15, 2020, as the District continues to fight the spread of the coronavirus (COVID-19). The Mayor extended the emergencies and issued new health and safety requirements in an […]