WASHINGTON — California is not the first municipal issuer to prohibit underwriters from passing along industry trade-group fees to taxpayers through bond transactions.

Officials in Florida, Wisconsin, New York City, and other large issuers have long refused to allow underwriters to pass on the Securities Industry and Financial Markets Association’s muni assessment, a mandatory fee on the roughly 50 SIFMA members that underwrite munis. It is the equivalent of two cents per $1,000 par value of most long-term bonds.

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