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A-1  This appendix provides practitioners with an additional set of resources to further explore the steps detailed in this guidebook. The resources are organized by the key topics described for each debt issuance phase. Phase 1: The Decision ProcessâPlanning for Debt Issuance ⢠Debt affordability studies: â Huh, Kil, Saira Farooqui, Stephen Fehr, Adam Levin, Frances McGaffey, Mary Murphy, and Robert Zahradnik. 2017. âStrategies for Managing State Debt: Affordability Studies Can Help States Decide How Much to Borrow.â The Pew Charitable Trust http://www.pewtrusts. org/-/media/assets/2017/06/sfh_strategies_for_managing_state_debt_final.pdf ⢠Types of debt finance: â Municipal Securities Rulemaking Board, Education Center. âAbout Municipal Securities.â http://www.msrb.org/EducationCenter/Municipal-Market/About.aspx â Municipal Securities Rulemaking Board, Education Center. âLifecycle of a Bond.â http:// www.msrb.org/EducationCenter/Municipal-Market/Lifecycle.aspx ⢠Credit rating methodologies: â Evaluating the need for a credit rating and selecting and managing CRAs: â¾ Government Finance Officers Association. 2015. âUsing Credit Rating Agencies.â https:// www.gfoa.org/materials/using-credit-rating-agencies ⢠Market analysis: â Municipal Securities Rulemaking Boardâs Market Data Publications. http://www.msrb.org/ Market-Transparency/Market-Data-Publications.aspx â¾ Municipal Securities Rulemaking Board. âMSRB Fact Book.â http://www.msrb.org/ Market-Transparency/Market-Data-Publications/MSRB-Fact-Book.aspx â¾ Municipal Securities Rulemaking Board. âMSRB Quarterly Statistical Summaries.â http:// www.msrb.org/Market-Transparency/Market-Data-Publications/MSRB-Quarterly- Statistical-Summaries.aspx â¾ Municipal Securities Rulemaking Board. âMonthly Market Statistics.â http://www.msrb. org/Market-Transparency/Market-Data-Publications/Monthly-Market-Statistics.aspx â¾ Municipal Securities Rulemaking Board. âPeriodical Statistical Reports.â http://www. msrb.org/Market-Transparency/Market-Data-Publications/Periodic-Statistical-Reports. aspx â¾ Municipal Securities Rulemaking Board. âWhite Papers and Reports.â http://www. msrb.org/Market-Topics/Reports.aspx A P P E N D I X A Additional Resources
A-2 Guidebook for Effective Policies and Practices for Managing Surface Transportation Debt Phase 2: Individual Transaction Preparation and Development ⢠Using Electronic Municipal Market Access (EMMA): â Municipal Securities Rulemaking Board, Education Center. âEducational Videos.â http:// www.msrb.org/sitecore/content/Home/EducationCenter/video-player.aspx?section= 0&video=3&hash=aa6c0fe532 â Municipal Securities Rulemaking Board. 2018. âGetting to Know EMMA: An Introductory Guide for Issuers.â http://www.msrb.org/msrb1/EMMA/pdfs/EMMA-Guide-for-Issuers.pdf â Municipal Securities Rulemaking Board. 2017. âMunicipal New Issue Calendar.â http:// www.msrb.org/msrb1/EMMA/pdfs/New-Issue-Calendar.pdf â Municipal Securities Rulemaking Board. 2018. âSix Ways to Use EMMA.â http://msrb.org/ msrb1/EMMA/pdfs/SixWaystoUseEMMA.pdf â Municipal Securities Rulemaking Board. 2017. âDiscover the EMMA Website.â http://www. msrb.org/msrb1/EMMA/pdfs/EMMAFactSheet.pdf ⢠Issuer Considerations: â Municipal Securities Rulemaking Board. 2016. âIssuer Considerations for Selecting the Underwriting Team and Understanding the Pre-Marketing Process.â http://www.msrb.org/ msrb1/pdfs/Selecting-Underwriting-Team.pdf â Municipal Securities Rulemaking Board. 2016. âIssuer Considerations for Distributing Bonds: Establishing Priority of Orders.â http://www.msrb.org/msrb1/pdfs/Establishing- Priority-of-Orders.pdf â Municipal Securities Rulemaking Board. 2016. âIssuer Considerations for Reaching the Retail Investor.â http://www.msrb.org/msrb1/pdfs/Reaching-Retail-Investor.pdf â Municipal Securities Rulemaking Board. 2013. âFinancial Considerations for Hiring Municipal Advisors.â http://www.msrb.org/msrb1/pdfs/Compensating-Your-Municipal- Advisor.pdf â Municipal Securities Rulemaking Board. 2013. âCosts Associated with Issuing Municipal Securities.â http://msrb.org/msrb1/pdfs/Understanding-Gross-Spread.pdf ⢠The MSRB Education Center on Issuing (MSRB Education Center). âIssuing Municipal Secu- rities.â http://www.msrb.org/EducationCenter/Issuers/Issuing.aspx â Municipal Securities Rulemaking Board, Education Center. 2017. âMunicipal Market 101.â https://www.msrb.org/-/media/Files/Education/Municipal-Market-101-Online.ashx? â Municipal Securities Rulemaking Board. 2018. âSix Things to Know When Issuing Municipal Bonds.â http://msrb.org/msrb1/pdfs/MSRBSixThingstoKnow.pdf â Municipal Securities Rulemaking Board. 2018. âDuties and Obligations of Dealers and Municipal Advisors to Issuers of Municipal Securities.â http://msrb.org/msrb1/pdfs/ MSRB-Rules-For-Issuers.pdf â Municipal Securities Rulemaking Board. 2018. âRoles and Responsibilities: The Financing Team in an Initial Municipal Bond Offering.â http://msrb.org/msrb1/pdfs/Financing- Team.pdf â Municipal Securities Rulemaking Board, Education Center. âWorking with Financial Professionals.â http://www.msrb.org/EducationCenter/Issuers/Issuing/Overview/Selecting- Financial-Professional.aspx â Municipal Securities Rulemaking Board. 2016. âWhat to Expect from Your Municipal Advisor.â http://www.msrb.org/msrb1/pdfs/What-to-Expect-from-Your-Municipal- Advisor.pdf â Municipal Securities Rulemaking Board. 2012. âWhat to Expect from Your Underwriter.â http://msrb.org/msrb1/pdfs/MSRB-Rule-G-17-For-Issuers.pdf â Municipal Securities Rulemaking Board. âProfessionals Involved in a Negotiated Transac- tion.â http://msrb.org/msrb1/pdfs/Professionals-In-Negotiated-Transaction.pdf â Municipal Securities Rulemaking Board. âProfessionals Involved in a Competitive Transac- tion.â http://msrb.org/msrb1/pdfs/Professionals-In-Competitive-Transaction.pdf
Additional Resources A-3  Phase 3: Marketing and Placement of Individual Transactions ⢠Bond Buyer: https://www.bondbuyer.com/video/taking-the-complexity-out-of-selling- municipal-bonds ⢠Government Finance Officers Association. 2010. âPricing Bonds in a Negotiated Sale.â https:// www.gfoa.org/materials/pricing-bonds-in-a-negotiated-sale ⢠Municipal Securities Rulemaking Board. 2016. âIssuer Considerations for Distributing Bonds: Establishing Priority of Orders.â http://www.msrb.org/msrb1/pdfs/Establishing-Priority-of- Orders.pdf ⢠Municipal Securities Rulemaking Board. 2016. âIssuer Considerations for Reaching the Retail Investor.â http://www.msrb.org/msrb1/pdfs/Reaching-Retail-Investor.pdf ⢠Listing Bond Offerings: â NetRoadShow: https://www.netroadshow.com/nrs/home/#!/login â Ipreo: https://ipreo.com/press-releases/ipreo-launches-roadshowaccess-virtual-roadshow- platform/ â MuniOS: https://www.munios.com/ Phase 4: Post-Issuance Compliance Strategy ⢠Disclosure Framework: â Municipal Securities Rulemaking Board. 2016. âSEC Rule 15c2-12.â http://www.msrb.org/ msrb1/pdfs/SECRule15c2-12.pdf â Municipal Securities Rulemaking Board. 2014. âMaking Financial Disclosures: A Guide for Issuers.â http://www.msrb.org/msrb1/pdfs/Issuer-Guide-to-Making-Financial-Disclosures.pdf â Municipal Securities Rulemaking Board. 2018. âThe Conduit Issuerâs Guide to Continuing Disclosures.â http://www.msrb.org/msrb1/pdfs/Conduit-Issuers-Guide-to-CD.pdf â Municipal Securities Rulemaking Board. 2013. âFinancial Disclosures: Protecting Market Access for Issuers.â http://www.msrb.org/msrb1/pdfs/Financial-Disclosure-Protecting- Market-Access-for-Issuers.pdf â Municipal Securities Rulemaking Board, Education Center. âVoluntary Disclosure.â http:// www.msrb.org/EducationCenter/Municipal-Market/Lifecycle/Disclosure/Voluntary- Disclosure.aspx ⢠Preparing to Submit Disclosures: â Municipal Securities Rulemaking Board, Education Center. âResources for Developing Dis- closure Documents.â http://www.msrb.org/EducationCenter/Issuers/Disclosing/Preparing/ Resources-for-Developing-Disclosure.aspx â Municipal Securities Rulemaking Board. 2013. âFlowchart for Identifying Continuing Disclosure Requirements.â http://www.msrb.org/msrb1/pdfs/15c2%E2%80%9012_Chart_ SLG-toolkit.pdf â Municipal Securities Rulemaking Board. 2013. âMSRB Notice 2013-18: MSRB Market Trans- parency Advisory â Suggested Practices in Submitting Financial Disclosures to EMMA.â http://www.msrb.org/Rules-and-Interpretations/Regulatory-Notices/2013/2013-18.aspx â Municipal Securities Rulemaking Board. 2013. âFinancial Disclosure: Preparing to Submit.â http://www.msrb.org/msrb1/pdfs/Financial-Disclosure-Preparing-to-Submit.pdf â Municipal Securities Rulemaking Board. 2018. âHow to Set Up an Organization Account.â http://msrb.org/msrb1/pdfs/Organization-Account-Set-Up-Instructions.pdf ⢠EMMA Disclosure Resources: â Municipal Securities Rulemaking Board. 2016. âEmail Reminders for Recurring Financial Disclosures.â http://www.msrb.org/msrb1/pdfs/Financial-Disclosure-Email-Reminders- Fact-Sheet.pdf
A-4 Guidebook for Effective Policies and Practices for Managing Surface Transportation Debt â Municipal Securities Rulemaking Board. 2016. âScheduling and Managing Email Reminders for Recurring Financial Disclosures.â http://www.msrb.org/msrb1/pdfs/Financial- Disclosure-Email-Reminders-Instructions.pdf â Municipal Securities Rulemaking Board. 2018. âCustomizing an EMMA Issuer Homepage.â http://www.msrb.org/msrb1/EMMA/pdfs/EMMA-Issuer-Homepage-Fact-Sheet-for- Issuers.pdf â Municipal Securities Rulemaking Board. âMSRB Online Training â Submitting Financial Disclosures.â http://www.msrb.org/msrb1/Training-Tutorials.aspx?section=1&video=0 â Municipal Securities Rulemaking Board. âMSRB Online Training â Submitting Event-Based Disclosures.â http://www.msrb.org/msrb1/Training-Tutorials.aspx?section=1&video=1 â Municipal Securities Rulemaking Board. âMSRB Online Training â Creating and Controlling Groups of Securities.â http://www.msrb.org/msrb1/Training-Tutorials.aspx?section= 1&video=2 â Municipal Securities Rulemaking Board. 2016. âPosting Bank Loan Disclosures on EMMA.â http://msrb.org/msrb1/EMMA/pdfs/CDSubmissions.pdf â Municipal Securities Rulemaking Board. 2016. âPosting Preliminary Official Statements on EMMA.â http://msrb.org/msrb1/EMMA/pdfs/Posting-POS-to-EMMA.pdf â Municipal Securities Rulemaking Board. 2016. âPosting URL Links on the EMMA Website.â http://msrb.org/msrb1/EMMA/pdfs/Posting-Links-to-EMMA.pdf ⢠Municipal Securities Rulemaking Board, Compliance Center. âResources.â http://www.msrb. org/Regulated-Entities/Resources.aspx ⢠Municipal Securities Rulemaking Board, Education Center. âDisclosing Information to Investors.â http://www.msrb.org/EducationCenter/Issuers/Disclosing.aspx ⢠Municipal Securities Rulemaking Board, also offers a page to âSubmit Disclosures and Dataâ: Municipal Securities Rulemaking Board. âSubmit Disclosure Data.â http://www.msrb.org/ Market-Transparency/Submit-Disclosures-and-Data.aspx, including information on the following topics (each of them has their own webpage): â Municipal Securities Rulemaking Board. âPrimary Market Disclosure.â http://www.msrb. org/Market-Transparency/Primary-Market.aspx â Municipal Securities Rulemaking Board. âContinuing Disclosures.â http://www.msrb.org/ Market-Transparency/Continuing-Disclosure.aspx â Municipal Securities Rulemaking Board. âTrade Data.â http://www.msrb.org/Market- Transparency/Trade-Data.aspx â Municipal Securities Rulemaking Board. âVariable Rate Securities.â http://www.msrb.org/ Market-Transparency/Variable-Rate-Securities.aspx ⢠MSRB EMMA Trade Monitor: â Municipal Securities Rulemaking Board. 2016. âUsing EMMA Trade Monitor to Evaluate your Municipal Market Activity.â http://www.msrb.org/msrb1/EMMA/pdfs/Using-Trade- Monitor.pdf â Municipal Securities Rulemaking Board. 2016. âEMMA Trade Monitor.â http://msrb.org/ msrb1/pdfs/EMMA-Trade-Monitor-Fact-Sheet.pdf â Municipal Securities Rulemaking Board. 2016. âUsing EMMA Trade Monitor Instructional Guide.â http://msrb.org/msrb1/pdfs/EMMA-Trade-Monitor-Instructions.pdf