As 2018 audits are being finalized, it’s a good time to remind many local governments that they may be subject to continuing bond disclosure. Typically this applies to bond issues whose original amount was over $1 million – regardless of how much remains outstanding.
This “continuing disclosure” involves preparing an “annual report” (which includes financial and operating data) and filing it with the Municipal Securities Rulemaking Board (“MSRB”) via the Electronic Municipal Market Access system (“EMMA”).
If you are not sure if you need to submit a report, or would like assistance doing so, contact Beth Warren.
