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Contact: Jennifer A. Galloway, Chief Communications Officer
             (703) 797-6600
             jgalloway@msrb.org

MSRB PROVIDES STATE AND LOCAL GOVERNMENT TOOLKIT  

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today launched an online “toolkit”  for state and local governments as part of its work to protect municipal entities under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Thus far in 2011, state and local governments have issued $228 billion in long-term municipal securities to finance essential capital projects. Issuing these bonds typically requires state and local governments to hire financial professionals and to make certain disclosures to investors.

The MSRB is providing information to state and local governments about issuing bonds as it relates to regulations governing financial professionals, as well as instructions for using the MSRB’s Electronic Municipal Market Access (EMMA®) website. The EMMA website allows state and local governments to easily make bond disclosure documents available to the public.

“We hope this toolkit will be a valuable resource to state and local governments to use in their relationships with municipal market professionals as well as in communicating key information to investors,” said MSRB Executive Director Lynnette Kelly Hotchkiss.

Access the MSRB’s State and Local Government Toolkit.

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. MSRB is a self-regulatory organization governed by a board of directors that has a majority of public members, in addition to representatives of regulated entities. MSRB is overseen by the Securities and Exchange Commission and Congress.

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