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Committee reviews bond-disclosure procedures draft that assigns disclosure duties to CFO and requires EMMA filings
Summary
Policy committee reviewed a draft financial-management policy describing the chief financial officer’s responsibilities for municipal bond disclosure, EMMA/MSRB filings and material-event reporting and asked staff to route the draft to legal counsel before board consideration.
The Lakeland Joint School District 272 policy committee reviewed a draft financial-management policy that assigns responsibility for municipal bond disclosure and post-issuance filings to the district’s chief financial officer and instructed staff to obtain legal review before sending the policy to the Board of Trustees.
The draft designates the chief financial officer (CFO) as primarily responsible for compliance with securities laws and bond-disclosure requirements. The draft lists duties including coordinating with bond counsel and district legal counsel, preparing and submitting required annual filings and…
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