The MSRB strongly encourages state and local governments to voluntarily disclose information about bank loans and other alternative financings to the EMMA website. Voluntary bank loan disclosures can provide bondholders, potential investors and other market participants access to key information useful in assessing their current holdings of municipal securities or in making investment decisions. The MSRB has been advocating for bank loan disclosure since 2012 and has provided the following resources and information.
Bank Loan Disclosure
Applicability of Federal Securities Laws to Certain Bank Loans