The recent Municipalities Continuing Disclosure Cooperation Initiative is the latest action taken by the SEC to enforce the continuing disclosure obligations of municipal issuers. Since… More
Recently the Securities and Exchange Commission (SEC) announced the implementation of the Municipalities Continuing Disclosure Cooperation Initiative (MCDCI), a program enacted to “address potentially widespread… More
Editor’s Note: The following was written by Edward J. McManimon, a partner and founder of McManimon, Scotland & Baumann, LLC. Ed wrote the following after… More
The talk-of-the-town the past two weeks in Washington DC and around the country has been about sequestration. You can’t turn on the television or “open”… More
Municipal Securities Rulemaking Board (“MSRB”) Notice 2012-25 (the “Notice”) was approved by the SEC on May 4, 2012 and took effect on August 2, 2012.… More
The Local Finance Board (Board) has released a questionnaire for all municipal and county applicants seeking approval of the Board to: 1. Long-term finance tax… More
It’s no secret that municipalities have been hit hard by the ongoing recession. One source of significant financial stress is the amount of money that… More
Yesterday, the Local Finance Board (Board) took the first step in establishing a new rule that would allow municipalities and counties to issue refunding bonds… More
The Division of Local Government Services indicated today that municipalities may, for the first time, finance with refunding bonds or notes the amount owed to a… More
In today’s municipal bond market, your credit rating is more important than ever. Underwriters and financial advisors say that the difference between an “A” rating… More