NABL

Members of GFOA’s Debt Committee agreed Monday to form a working committee that will publicize the issues involved in the transition among the organization’s more than 21,000 members.

The Securities and Exchange Commission wll work with the market to change secondary disclosure habits without a mandate, issuers and analysts said.

Its top goal is to increase to $30 million the size of bank-qualified tax-exempt bond issues that can be sold to banks under favorable terms.

Another round of tax legislation is not expected to emerge until the very end of the year after the presidential election or in 2021 after a new Congress is sworn in.

Issuers, bond lawyers, and analysts have all raised complaints about the proposed addition to EMMA.

Some market participants worry about the viability of a key muni advocacy talking point if enough midsize issuers begin to embrace the taxable market.

The number of letter rulings fell to four in 2018 when the fee rose to $28,300, from 16 rulings in 2008 when the fee was only $11,500.

Municipal market participants got some comfort about their fraud liability if they act in good faith on interim financial disclosures.

Bipartisan legislation to streamline TIFIA has been introduced in Congress by two Texans.

GASB is taking action because changing the reference rate on the hedge is ordinarily considered a termination event.