GFOA Weighs New Disclosure Policy

Hume, Lynn
May 2003
Bond Buyer;5/20/2003, Vol. 344 Issue 31639, p1
Trade Publication
The U.S. Government Finance Officers Association's (GFOA) membership is slated to consider whether to approve an updated disclosure policy that endorses the idea of municipal market participants sharing the costs of a new disclosure facility with minimal new cost to governmental issuers. The policy would give debt panel members the authority to deal with cost and other disclosure issues at the Municipal Council's next meeting, scheduled to be held on May 28 and 29 in Washington, D.C. But the policy does not become effective until the membership adopts it. If the proposed updated disclosure policy is adopted, the GFOA would endorse the idea of cost sharing and encourage issuers to electronically file disclosure documents if possible.


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