The Government Finance Officers Association’s debt committee Saturday recommended repealing a decades-old policy position against taxable debt and revamping a swath of best practices ranging from issuing variable-rate debt to hiring underwriters as part of a wider updating of its best practices and policy statements. Meanwhile, the GFOA’s next debt-focused best practice is likely to focus on designated green bonds, debt committee members said Saturday. At its meeting Saturday ahead of the GFOA’s 116th conference in Austin, Texas, the debt committee spent hours recommending updates to the association’s best practices, which guide tens of thousands of local and state governments across the country. It’s the first time in 10 years that the committee has undertaken a comprehensive review of all its best practices, which the association’s website says “aim to promote and facilitate positive change or recognize excellence.”
Source: The Bond Buyer
