Remove Articles Remove Bankruptcy Remove Defense Remove Lien
article thumbnail

#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Any subsequent square-up was between lender and borrower, and not the account debtor’s concern.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. A comprehensive guide to state incentives offered throughout the U.S.

Income 75
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

The port bonus would therefore be equal to 5% of the qualified investment in expenses directly related to manufacturing or providing telecommunication services, with the credit increasing to 8% for recycling, pollution control and defense conversion. Qualifying defense contractors. Qualifying financial service providers.

Income 108