NASACT Tries to Form Coalition To Push for Quarterly Disclosure

Hume, Lynn
April 2003
Bond Buyer;4/22/2003, Vol. 344 Issue 31619, p1
Trade Publication
The National Association of State Auditors, Comptrollers and Treasurers is trying to form a coalition of municipal market groups that will encourage issuers to voluntarily disclose certain critical pieces of financial and operating information to investors and the rating agencies on a quarterly basis. The letters were sent to members of the Muni Council, an organization that consists of about 20 municipal market groups trying to improve secondary market disclosure, and members of the Governmental Accounting Standards Advisory Council, a group that advises the Governmental Standards Accounting Board, as well as to representatives of the bond rating agencies.


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