published: 3-Apr-07 SIFMA today announced that it has developed model auction procedures and standard disclosure language regarding special considerations for auction rate securities, which embody certain principles in SIFMA’s Best Practices for Auction Rate Securities, which have been finalized in conjunction with the model procedures. SIFMA has also created sample disclosure language regarding the role of the broker-dealer in auctions and a note to bond counsel regarding certain other auction procedures for auction rate securities.
published: 29-Mar-07 Decision to Use Tax-Exempt Bonds Should be Left to Local Government
SIFMA testified March 29, 2007 before the House Oversight and Government Reform Subcommittee on Domestic Policy regarding public financing for the construction of stadiums, convention centers and hotels. At the hearing, Michael Decker, Senior Managing Director of Research and Public Policy at SIFMA, argued that the decision on whether to use public resources to finance these facilities should me made by states and local communities themselves.
published: 29-Mar-07 The Municipal Bond Credit Report for March 2007 reports municipal bond credit quality finished the year strong supported by rising state and local government tax revenues from sustained economic growth, personal income gains and higher corporate profits. There were a few state G.O. upgrades and no downgrades in the fourth quarter and through the first few months of 2007.
published: 19-Mar-07 In a comment letter , SIFMA supports the Municipal Securities Rulemaking Board's proposal to develop the “MSIL/Access” system for electronic disclosure of official statements for new issue municipal securities.
published: 26-Feb-07 W Chicago Midtown Center, Chicago, IL
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