A Government Finance Officers Association committee approved three recommended practices documents at its winter meeting here last week, including one that urges issuers to hire financial advisers when pricing bonds in negotiated sales and another that says finance officers should play "a central, functional role" in teams exploring or negotiating privatization projects.

The committee on governmental debt management also approved a brief, two-paragraph policy statement on federal assistance to the municipal bond market Friday that expresses support "for legislative and regulatory efforts that are focused on extending direct assistance to help state and local governments better access the municipal market."

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