Division Issues Local Finance Notice on Secondary Bond Market Continuing Disclosure Commitments
The Division of Local Government Services has issued Local Finance 2014-9, bringing attention to and guidance on the Securities Exchange Commission’s (SEC) Secondary Bond Market Continuing Disclosure Commitments. We strongly suggest that you review this Local Finance Notice with your Chief Financial Officer and Bond professionals.
Weekly Summer Update
The League supports S-444 and A-1779, which amends the New Jersey Spill Compensation and Control Act to specifically state that any domestic, commercial, or industrial wastewater, sewage, or sewage sludge expelled or released from a public sewer system or a public sewage treatment plant, are exceptions from the Spill Act.
The League supports A-2997, a bill which would eliminate awards of punitive damages against municipalities and against municipal employees acting within the scope or under color of their office, employment or agency.
Municipal Securities Rulemaking Board Education Center Coming Soon
The Municipal Securities Rulemaking Board (MSRB) has announced the launch of an online Education Center. The Education Center will be up and running next week on its website at www.msrb.org.
Update of Federal Policies:
I. SENATORS COMBINE MARKETPLACE FAIRNESS AND
INTERNET TAX BILLS
II. MUNICIPALITIES WELCOME PASSAGE OF WORKFORCE BILL
III. NLC AND NJLM CALL ON CONGRESS TO FIND LONG-TERM
IV. EPA PROPOSES RULE TO REDUCE EMISSION FROM NEW
V. SENATE PASSES TERRORISM RISK INSURANCE EXTENSION
VI. NLC WEBINAR ON JULY 29: EXPANDING HEALTH ACCESS
FOR CHILDREN AND FAMILIES
Social Security Extends Access to Benefit Verification - Multiple Options Available
Today, July 17th, the Social Security Administration announced that local Social Security offices would continue to provide benefit verification letters until further notice.