GFOA

Analysts say closer to 100% of issuers should be disclosing COVID-19 impacts, when in actuality, that number is much lower.

Market participants say the year long process to find a new leader for the Municipal Securities Rulemaing Board resulted in a good pick.

Sources say lawmakers want to know why the Municipal Liquidity Facility has only been used by two issuers.

A Government Finance Officers Association-led working group put out recommendations this week on timely and pandemic-related disclosure.

Issuers say extending the deadline is helpful, but they still need more flexible funding such as the ability to use federal aid to replace lost revenue.

On Tuesday, the Federal Reserve reduced interest rates in its Municipal Liquidity Facility by 50 basis points in each credit rating category.

Changes to the MSRB come a year after the proposal of legislation that would decrease the size of the board and increase the cooling off period for public board members.

Several groups are arguing their case to keep their seats on a smaller board.

The online NGA meeting is the latest in a string of conferences that have been moved to the web this year because of the COVID-19 pandemic.

The House is expected to pass a $1.5 trillion dollar infrastructure package, mostly along party lines, while a bipartisan Senate bill to restore advance refunding may build momentum in that chamber.