California Debt and Investment Advisory Commission

Municipal Market Disclosure: Current Topics and Practices

On Wednesday, March 19, 2014, Allen K. Robertson served as a panelist for a session entitled “Direct Lending – Considering Voluntary Disclosure to the Market” at the California Debt and Investment Advisory Commission's seminar on Municipal Market Disclosure: Current Topics and Practices.

This session addressed voluntary public agency disclosure practices for direct loans. Without voluntary and intermittent disclosure of direct loans, current and future bond holders may not be able to assess the true financial position of an issuer at any particular time. This discussion included:

• Incentives for voluntary disclosure and the anti-fraud law implications
• Working with banks and financial advisors
• Considerations for voluntary disclosure
• Documents and other issuers outstanding debt
• Information to include in reports to EMMA and CDIAC

Related Materials:

• California Debt and Investment Advisory Commission