New & Noteworthy
Join us in congratulating 2014 NFMA Chair, Susan Dushock, for being named a Trailblazing Woman in Public Finance by the Northeast Women in Public Finance. The award presentation took place at the Bond Buyer's Deal of the Year awards dinner in New York on December 4. Susan's interview can be found in the Bond Buyer special supplement: Link to Supplement
The NFMA's Municipal Analysts Bulletin, Vol. 24, No. 3 is posted. Click here, or go to Publications/Newsletters.
The NFMA's Education Committee is pleased to add the Hon. Chuck Reed, Mayor of San Jose, and William Fulton, a nationally recognized urban-planning expert and Director of Rice University's Kinder Institute for Urban Research to its January Advanced Seminar, entitled America’s Urban Agenda and Its Impact Upon The Municipal Bond Market. The seminar will take place on January 22 & 23 in Houston, Texas at the Four Seasons Houston. To view the program, click here: January Advanced Seminar
To register online, click here: Online Registration
The NFMA is pleased to announce the first recipients of the scholarship honoring Peter Fugiel, past chair of the NFMA, who passed away earlier this year. Based on the high caliber of applications received, the NFMA has awarded two Fugiel Scholarships. The recipients are Eric Reese from the University of North Carolina MPA program and Scarlett Swerdlow from the University of Chicago's Harris School of Public Policy. Please click here to view the press release for the scholarship: Press Release. The educational program to which the scholarship applies - the NFMA Introduction to Municipal Bond Credit Analysis - takes place on Thursday and Friday this week in Philadelphia. In 1987, Peter Fugiel conceptualized and executed this program for the NFMA, and it has been offered annually since that time.
The NFMA has released the draft Recommended Best Practices in Disclosure for State Government General Obligation and Appropriation Debt (State GO RBP). This paper is the first of a two-part update of the NFMA’s December 2001 Recommended Best Practices in General Obligation and Tax-Supported Debt (2001 RBP), which addressed all general obligation and tax-exempt debt. Comments on the draft paper will be accepted through March 5, 2015. To view the paper, click here: State GO RBP. To view the press release, click here: Press Release.
NABL has released a paper, General Obligation Bonds:State Law, Bankruptcy and Disclosure Considerations. According to NABL, at the 2013 Bond Attorneys’ Workshop, Allen K. Robertson, President of NABL, announced that the organization would "undertake a project regarding general obligation bonds as a result of the recent bankruptcy filings by local governments which have raised questions about the security of general obligation bonds." Click here to read the paper.
At the 2013 Bond Attorneys’ Workshop, Allen K. Robertson, President of the National Association of Bond Lawyers (“NABL”), announced that NABL would undertake a project regarding general obligation bonds as a result of the recent bankruptcy filings by local governments which have raised questions about the security of general obligation bonds.
In late June 2014, the NFMA released the final version of the White Paper on Best Municipal Bond Issuance Practices. The paper incorporated feedback from a survey of NFMA members on new issue practices undertaken in the Spring of 2013, and was released for public comment in January 2014.