The MSRB's State and Local Government Toolkit provides information for state and local governments about municipal bond issuance and required disclosures, and about using the Electronic Municipal Market Access (EMMA®) website. The MSRB provides these resources as part of its mission to protect municipal entities.
NEW Tips and Tools for Making Financial Disclosures
Learn more about making timely and complete financial and other disclosures to investors as required by SEC Rule 15c2-12. These and other voluntary disclosures are submitted to the MSRB for posting on the EMMA website.
Learning about Municipal Bond Issuance
State and local governments rely on the municipal securities market to raise money to finance projects for their citizens. Issuing bonds generally requires municipal governments to hire financial professionals to help.
Using the EMMA Website
The MSRB's EMMA website is the official source for municipal disclosures and market data. State and local governments can use EMMA to communicate with investors and monitor trading of their bonds.
Using EMMA Trade Monitor
The EMMA Trade Monitor is a no-cost resource that allows state and local governments to quickly and easily download into a spreadsheet key data on the price, yield and amount of the secondary market trade activity of their municipal bonds.
Learn about the MSRB
The Municipal Securities Rulemaking Board (MSRB) protects investors, municipal entities and the public interest by promoting a fair and efficient municipal market, regulating firms that engage in municipal securities and advisory activities and promoting market transparency.