WASHINGTON – The National Federation of Municipal Analysts released revised best practices for charter schools on Monday that suggest issuers' disclosure documents can link to detailed bond-related information on websites rather than repeating it.

The group added the suggestion about linking to websites in response to comments made on the group's draft recommended best practice (RBP) on charter school debt offerings. The RBP is meant to help investors, issuers, charter schools, underwriters and their counsel, as well as other industry participants, understand what disclosure items are helpful for municipal charter school offerings, NFMA said. The document was released in draft form in September of last year and was open for public comment until Nov. 30.

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