The MSRB last week launched an online “toolkit” for state and local governments, as mandated by the Dodd-Frank Reform Act.   Thus far in 2011, these municipalities have issued $228 billion in long-term municipal securities.  In most cases, muni issuers must hire and depend heavily on financial professionals throughout the process.

With the new MSRB Toolkit, these issuers now have a valuable resource they can "use in their relationships with municipal market professionals, as well as in communicating key information to investors.” -- Lynnette Kelly Hotchkiss, MSRB Executive Director.

State and local governments will have access to information 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.   [MSRB News Release, 11/7/11] To access the MSRB Toolkit, go to:   [MSRB State & Local Gov't Toolkit].