WASHINGTON — The National Federation of Municipal Analysts is urging market participants to take a critical look at the feasibility studies or appraisals that issuers use and cite in bond documents to support the viability of bond-financed projects.

The NFMA on Tuesday released a draft white paper on expert work products, or EWPs, that recommends the disclosure of key information about the work products, including the standards that were adhered to in their development and whether their "significant" assumptions are reasonable.

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