TITLE

Muni Council Pares Down List of Facility Finalists to Four

AUTHOR(S)
Ferris, Craig T.
PUB. DATE
March 2003
SOURCE
Bond Buyer;3/25/2003, Vol. 343 Issue 31600, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The Muni Council in the U.S. has narrowed to four its list of firms and organizations that are in the running to be selected to create a new disclosure facility and plans to choose the winner in late May, 2003, according to council members. The four were chosen from organizations that made formal presentations to the 19-member Muni Council at its two-day meeting in Washington in March 2003. Council participants felt it was important to fully cost out the options with the four finalists and to discuss the organizational and technological implications of their proposals before deciding whether to develop just a post office facility or a central mailbox plus a repository, Alan Anders, the liaison to the Muni Council from the Government Finance Officers Association, told reporters. The four finalists selected were: Bloomberg Municipal Repository in Skillman, New Jersey, the only existing nationally recognized municipal securities repository selected; the Municipal Advisory Council of Texas, a state information depository in Austin that is sponsored by and serves broker-dealers in that state; Digital Assurance Certification, a Winter Park, Florida, disclosure agent for issuers affiliated with Ernst & Young; and Wall Street on Demand, a Boulder, Colorado-based company that specializes in providing financial research to retail customers.
ACCESSION #
9440087

 

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