| Debt Management |
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| GFOA Recommended Practices |
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| Research Resources |
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| Best Practices Examples |
- "Bond Insurance as a Form of Credit Enhancement
in California’s Municipal Bond Market"
(2003 Award for Excellence Winner)
- Local Government Bond School / Henrico County, VA
(2001 Award for Excellence Winner)
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| Sample Illustrations & Policies |
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| Debt Policies |
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| Debt Affordability |
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| GFOA Publications & Products |
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Leading Organizations & Web sites
- National Association of Bond Lawyers
NABL members are lawyers who provide expert legal advice and objective legal opinions with respect to the validity and tax-exemption of state and local government debt offerings.
http://www.nabl.org/
- The Bond Buyer
The Bond Buyer is a subscriber-based daily newspaper committed to serving the municipal bond industry. Provides market coverage, commentary, a daily new-issue calendar, and statistical data.
http://www.bondbuyer.com/
- Municipal Securities Rule Making Board (MSRB)
The MSRB makes rules regulating dealers who deal in municipal bonds, municipal notes, and other municipal securities. The MSRB web site contains useful information for municipal securities investors, dealers, and the public.
http://www.msrb.org
- National Federation of Municipal Analysts (NFMA)
NFMA is a not-for-profit association with the goals of promoting professionalism in municipal credit analysis and providing an informed perspective in the formulation of legal matters relating to the municipal finance industry.
http://www.nfma.org/
- The Bond Market Association (TBMA)
The Bond Market Association represents securities firms and banks that underwrite, trade and sell debt securities, both domestically and internationally. Presents market statistics and a seven-day municipal swap index.
http://www.bondmarkets.com/
- GFOA Public Policy Statements - Debt Management
http://www.gfoa.org/services/policy/
- IRS Webpage: Information for the Tax-Exempt Bonds Community:
http://www.irs.gov/govt/content/0,,id=96167,00.html
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Bond Rating Agencies
Credit Enhancers
Market Information
Disclosure
- E-Muni (Electronic Municipal Statistics)
E-Muni (Electronic Municipal Statistics) serves the
needs of bond issuers and investors alike for timely
and complete municipal bond market information. By
acting as both a Dissemination Agent and an Electronic
Library for up-to-date information, E-Muni expedites
the information stream for all parties. For issuers
and their advisors, E-Muni's Dissemination Agent service
provides a convenient way to electronically disseminate
disclosure information in compliance with SEC Rule
15c2-12.
http://www.emuni.com/
- Muni IRIS, DPC Data
MuniIRIS (Municipal Image Retrieval/Information System)
is a comprehensive collection of municipal bond offering
documents, escrow documents and document amendments
distributed monthly on CD-ROM to subscribers. The
main source of the document images in the MuniIRIS
collection is the Municipal Securities Rulemaking
Board (MSRB) Municipal Securities Information Library,
from which DPC DATA receives daily data feeds. DPC
DATA also augments the MuniIRIS collection with other
documents from its own SEC-designated national repository.
http://www.muniiris.com/iris/s_iris.cfm
- Securities and Exchange Commission
The Securities and Exchange Commission lists Nationally
Recognized Municipal Securities Information Repositories
(NRMSIRs) and State Information Repositories (SIDs)
for bond disclosures.
http://www.sec.gov/info/municipal/nrmsir.htm
- Municipal Advisory Council of Texas
The purpose of the Municipal Advisory Council of Texas
is to promote effective and efficient investment banking,
underwriting, trading and sales of municipal debt
by collecting, maintaining and distributing information
relating to issuing entities within the State of Texas.
http://www.mactexas.com/
- Digital Assurance Certification
DAC, an Ernst & Young LLP Company, specializes
exclusively in investor relations programs and compliance
reporting for the municipal securities industry. DAC
has developed an easy to use compliance reporting
platform which assists issuers and other market participants
in the required disclosures in accordance with SEC
Rule 15c2-12, as amended.
http://www.dac-ey.com
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