CHICAGO — Government Finance Officers Association debt committee members on Sunday urged municipal issuers to consider disclosing information about their bank loans online on EMMA in the wake of a Municipal Securities Rulemaking Board notice requesting such information.

“As issuers interested in providing the best disclosure we can, you should always be erring on the side of over-disclosing,” Eric Johansen, the debt committee chair and former treasurer of Portland, Ore., told attendees during a session on bank loans at the GFOA’s annual meeting here. “Maybe you should be using the voluntary notification process that is built into EMMA in order to tell the market [that you have] financing that may not otherwise be visible.”

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