Position Statements 

White Paper on Guidance & Insights Regarding Emergency Event Disclosure Affecting State & Local Governments: COVID-19 Focus

Comments on Exposure Draft of a proposed Statement relating to Financial Reporting Model Improvements, Project No. 3-25 

White Paper on Best Practices in Cybersecurity Risk Disclosure for State & Local Governments in Municipal Offerings 

Disclosure Industry Group paper: General Continuing Disclosure Considerations for Municipal Securities Issuers

  • Paper, dated August 2020

Comments on Exposure Draft relating to Communication Methods in General Purpose External Financial Reports That Contain Basic Financial Statements:  Notes to Financial Statements

Comments to MSRB on COVID-19 Credit-Related Material Event Notices

Comments on Draft Amendments to MSRB Rule A-3: Membership on the Board, 2020-02

Comments  to GASB on Postponement of the Effective Dates of Certain Authoritative Guidance

NFMA Supports Legislation to Stabilize Municipal Market

NFMA Letter to SEC RE to SR-MSRB-2019-13

  • Letter, dated December 13, 2019

Comments on Exposure Draft relating to the Governmental Accounting Standard Board Proposed Statement on Replacement of Interbank Offered Rates

Comments on GASB’s Tentative Decision to Establish a One-Year Recognition Period under the Financial Reporting Model Re-Examination

Comments on Invitation to Comment: Exposure Draft relating to the Governmental Accounting Standard Board Proposed Statement on Public-Private and Public-Public Partnerships and Availability Payment Arrangements, Project No. 30-1

NFMA Letter to the SEC and MSRB

NFMA Summary of the SEC Rule 15c2-12 Amendments issued on August 20, 2018

NFMA Amicus Brief regarding to a decision in the Case of the Puerto Rico Highway and Transportation Authority bonds from The U.S. District Court for the District of Puerto Rico

NFMA Comment to Fixed Income Market Structure Advisory Committee

NFMA White Paper on General Obligation Payments: Statutory Liens and Related Disclosure

NFMA Comment to MSRB on Regulatory Notice 2017-19

NFMA Comment to SEC on Proposed Amendments to Exchange Act Rule 15c2-12 (File No. S7-01-17)

NFMA Comment to GASB on Project No. 3-251, Financial Reporting Model Improvements – Governmental Funds

NFMA Comment on  Draft Amendments to and Clarifications of MSRB Rule G-34, on Obtaining CUSIP Numbers

Industry Group Letter to MSRB on Improvements to EMMA

NFMA Comment on MSRB Regulatory Notice 2016-25

NFMA Comment on Primary and Secondary Market Disclosure in the Municipal Market

 NFMA Comment on Draft Amendments to MSRB Rule A-3 on Membership on the Board

NFMA White Paper on Best Municipal Bond Issuance and Disclosure Practices

NFMA Comment on Proposed Rule Change to Amend MSRB Rule A-3, on Membership on the Board, to Modify the Standard of Independence for Public Board Members

Bank Loan Disclosure Task Force White Paper on Voluntary Secondary Market Disclosure Disclosure About Bank Loans.

NFMA Submits Amicus Brief in Litigation Challenging California Redevelopment Agency Legislation

NFMA Comment on MSRB Notice 2102-63 Request for Comment on MSRB Rules and Interpretive Guidance

NFMA Comment on MSRB Notice 2012-61 Request for Comment on Concept Proposal to Require Underwriters to Submit Preliminary Official Statements to the MSRB’s Electronic Municipal Market Access (Emma®) System

NFMA Comment on Draft Amendment to Limit Dealer Consents to Changes in Authorizing Documents for Municipal Securities, MSRB Rule G-11

Considerations in Preparing Disclosure in Official Statements Regarding  an Issuer's Pension Funding Obligations

NFMA Comment on Draft Interpretive Notice Concerning the Application of MSRB Rule G-17 to Bondholder Consents by Underwriters of Municipal Securities

NFMA Comment on California ABx1 26

NFMA Comment on GASB Plain Language Supplement - Pension Accounting and Financial Reporting

NFMA White Paper on Expert Work Products

NFMA Comment on the Current Market Dialogue on the Creditworthiness of Municipal Bonds

NFMA Testimony at SEC Hearings, September 21, 2010

NFMA Comment on Project No. 30, Service Concession Arrangements

NFMA Comment on Project No. 34, Pension Accounting and Financial Reporting

 NFMA Files Amicus Brief in Vallejo Case

NFMA Files Amicus Brief for Lake of the Torches Case

NFMA Comment on Proposed Statement of the Government Accounting Standards Board: The Financial Reporting Entity, an amendment of GASB Statements No. 14 and No. 34

NFMA Comment on Proposed 15c2-12 Rule Changes

NFMA Comment on GASB Project 34, Pension Accounting and Financial Reporting

NFMA Comments on Municipal Regulations

NFMA Position Paper on Underlying Ratings of Municipal Bond Issuers

NFMA Comment on the Current Market Dialogue Regarding Municipal Bond Ratings

NFMA Position Paper on GASB and its importance to municipal credit analysis

Comment letter to MSRB - RE: MSRB Notice 2008-05: MSRB Begins Planning for Continuing Disclosure Component of the New Electronic Municipal Market Access System (EMMA)

Brief for the NFMA, as Amicus Curiae in support of neither party
RE: Kentucky v. Davis

NFMA Position Paper on Recommended Responses by Municipalities to Disasters

Comment letter to GASB regarding the exposure draft on Accounting and Financial Reporting for Pollution Remediation Obligations

NFMA Position Paper on Coerced Tenders

Top 25 Reasons to Disclose Information

NFMA Position Paper on Voluntary Interim Disclosures by State and Local Governments

NFMA Position Paper on proposed regulations regarding tax opinions under IRS Circular 230

Comments on Exposure Draft of Guiding Principles to the Bond Market Association

NFMA Position Paper on re-characterization of airline special facilities leases in bankruptcy

Press Release

Press Release

NFMA Letter to the Municipal Securities Rulemaking Board [MSRB] on Improving the State of Disclosure

Comment on the Municipal Securities Rulemaking Board's Notice and Draft Interpretive Guidance in connection with both electronic and traditional municipal securities transactions

NFMA Comment Letter to The Securities and Exchange Commission regarding the Use of Electronic Media

NFMA Comment Letter to The Securities and Exchange Commission regarding Selective Disclosure and Insider Trading

NFMA Letter to The National Association of Bond Lawyers [NABL] regarding the Proposed Form Indenture Project

NFMA Letter to The Bond Market Association regarding Proposed Official Statement Disclaimer Language

NFMA Letter to the Governmental Accounting Standards Board regarding Infrastructure Reporting Issues

NFMA Comments On Yield Burning

NFMA Position Paper On 1994 Amendments To Rule 15C2-12