GFOA

A bill to let money market mutual funds use a stable net asset value is back on the table with the support of muni issuers.

All four industry groups that submitted comments on the proposed rule requested a continuation of the practice that allows remarketing reissuances at a premium.

The SLGS window could be closed for weeks or even months, a bad result for issuers who need access to them.

A large municipality with strong legal representation will draw attention, even from those skeptical of whistleblower suits alleging bank fraud in the variable-rate demand obligation market.

Issuers say a variety of factors make it difficult to get audits in any faster.

With Rule 15c2-12 amendments taking effect at the end of February, issuers expressed confusion about their impact on continuing disclosure responsibilities.

GFOA’s goal is to get a majority of House members to sign a letter pledging not to touch the tax exemption as they debate new infrastructure funding proposals.

Rep. John Yarmuth of Kentucky wants to end automatic across-the-board budget cuts that include a reduction in the subsidy for direct-pay Build America Bonds.

MSRB board members and staff are slated to participate in eight events between next month and May.

The MSRB is hoping to help the market comply with the soon-to be-effective disclosure rule amendments.