A Network of the National Association of State Treasurers

COVID and Municipal Bonds

The COVID-19 pandemic continues to pose both unprecedented public health and financial challenges for state governments. As state finance officials, debt managers and staff play a pivotal role in navigating states through this crisis.

Latest News

Policy Update

London skyline.

Key Agencies Issue Statement Urging Transition from LIBOR

This morning, the Federal Reserve Board of Governors, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) released a statement encouraging banks to cease...

Policy Update

The Treasury Department outside of building

Treasury OIG Publishes Updated FAQs on CRF

The U.S. Treasury Office of Inspector General (OIG) released updated FAQs relating to the administration and management of Coronavirus Relief Fund (CRF) proceeds. The document sent to prime recipients was updated...

Policy Update

Federal Reserve Bank building in Washington, D.C.

Mnuchin Signals End of Municipal Liquidity Facility

Today, Treasury Secretary Mnuchin sent a letter to Federal Reserve Chairman Powell requesting that unused Exchange Stabilization Fund (ESF) money from the CARES Act be returned to the U.S. Treasury...

Policy Update

Issuers Wanted to Apply for MSRB Board of Directors

The self-regulatory organization responsible for safeguarding the integrity of the municipal securities market is seeking applicants for four open positions on its Board of Directors for the 2022 fiscal year. The...

Policy Update

IRS Grants Extension of Telephonic TEFRA Hearings

The Internal Revenue Service (IRS) issued Revenue Procedure 2020-49 which extends temporary guidance surrounding public approval requirements related to the issuance of qualified private activity bonds (PABs). Earlier this year, the IRS...

Policy Update

NAST/SDMN Joins Industry Group Disclosure Recommendations

The National Association of State Treasurers (NAST) has served on the Disclosure Industry Group (or “DIG”) since its formation in July 2019. The Government Finance Officers Association first convened the...

Outstanding Municipal Securities in the Market

$ 1 Billion

Source: SIFMA as of December 2019.

About SDMN

The State Debt Management Network (SDMN) is the professional organization for the issuers and managers of state debt. Formed in 1991 as a network of the National Association of State Treasurers, SDMN has convened public officials from all branches of state government for nearly 30 years to share information on the issuance, management and oversight of state bonds and municipal securities.