SAN FRANCISCO — The National Federation of Municipal Analysts has filed another brief in the Vallejo, Calif., bankruptcy case in support of bond insurer National Public Finance Guarantee.

The NFMA said Wednesday it resubmitted an amicus curiae — or friend of the court — brief to the U.S. Bankruptcy Court for the Eastern District of California in support of NPFG's lawsuit claiming the bankrupt city is not entitled to divert fees from a state credit-enhancement program. The bond insurer asks that funds from a state aid intercept program be diverted from the city to owners of NPFG-insured certificates of participation.

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