Welcome to the NFMA!

Join us in Congratulating Christian Beltran, 2019 Fugiel Scholarship Recipient

The NFMA established the Fugiel Scholarship in 2014 in memory of past chair Peter Fugiel, who established the Introduction to Municipal Bond Credit Analysis in 1987. This event is in its 33rd year, and is taking place this week in Philadelphia. Christian Beltran, an MPA candidate at the University of Southern California, is this year's recipient of the scholarship. To read the press release, click here. To read the Bond Buyer article, click here.

Advanced Seminar on Higher Education: Sector Under Stress

The Education Committee is pleased to open registration for the Advanced Seminar on Higher Education to take place on January 23 & 24, 2020 in Los Angeles. To view the program, click here. To see who is speaking, click here. To register, click here.

Comments on Exposure Draft relating to the Governmental Accounting Standard Board Proposed Statement on Replacement of Interbank Offered Rates

Comments on GASB’s Tentative Decision to Establish a One-Year Recognition Period under the Financial Reporting Model Re-Examination

November 30 Deadline for Comments on Draft Recommended Best Practices in Disclosure for Dedicated Tax Bonds

The Disclosure Committee will accept comments on the draft of the Recommended Best Practices in Disclosure (RBP) for Dedicated Tax Bonds through November 30, 2019. To view the draft, click here. This paper represents the latest of sixteen distinct sectors addressed by the NFMA's Disclosure Committee over the past two decades via RBPs. In addition to RBPs, the NFMA has released eight white papers on disclosure-related issues. If you are unfamiliar with the NFMA's efforts related to disclosure, go to Resources/Best Practices in Disclosure for more information.

NFMA Letter on the Current State of Disclosure in the Municipal Market

The NFMA released a letter on May 3, 2019 on the current state of disclosure in the municipal market in an initiative to work with the SEC and MSRB to improve disclosure, close the information gap between financial statement filings, get an update on interpretive guidance from the Commission, and modernize EMMA.

To read the letter, click here.
To read the press release, click here.

Educational Programs

The NFMA holds an Annual Conference each spring. The conference provides members with the opportunity to hear presentations, to meet with members of other Constituent Societies of the NFMA, and to contribute their efforts to the overall advancement of the NFMA. At the conference, the NFMA presents awards to individuals and organizations for extraordinary contributions to municipal analysis. For a list of past award recipients, click here.

The NFMA also holds its Introduction to Municipal Bond Credit Analysis for new analysts each fall; the location for the past several years has been Philadelphia. Finally, Advanced Seminars cover in-depth current topics of importance to the industry for seasoned analysts, and are held in various locations around the country each fall and January.

Constituent Societies hold educational events for members. Many of these events are open to members of other societies within the NFMA, and are posted on the NFMA's Event Calendar.



Market Advocacy

The NFMA has been a strong advocate of improved disclosure in the municipal market since its inception. Throughout its history, the NFMA has issued recommended best practices, white papers, comment letters and position statements on relevant topics in the municipal market. To view NFMA papers, go to Resources.

Job Bank

The NFMA maintains a job bank for its members. Employers may submit job postings via this link: Job Bank Submissions