Disclosure Guidance

Issuers of MAC-insured municipal bonds are expected to provide our surveillance department annual information including audits, operational data and demographic information, as required by SEC Rule 15c2-12 and according to the bond documents. Certain obligors may be required by the bond documents to provide more frequent reports or additional data.

As an Assured Guaranty company, MAC shares surveillance resources with its affiliates, and the procedures for providing municipal obligor disclosure information are the same for MAC, AGM and AGC. If the issuer of insured tax-backed or lease bonds (other than tax allocation or special assessment bonds) or water and sewer bonds has provided the required information to a Nationally Recognized Municipal Securities Information Repository (NRMSIR) or on a website accessible to MAC, the obligor may generally satisfy the disclosure information requirement by emailing a link to the information to munidisclosure@macmunibonds.com.  Please include the MAC policy number in the subject line of the email.

Tax-Backed/Lease Bonds

Generally, if the required information is provided to a NRMSIR or on a website and Assured Guaranty can access the information, then the obligor may satisfy the information requirements by providing us with the link to the information website. Please see Tax Allocation Bonds or Special Assessment Bonds below if your bonds are of those types.

Alternatively, the obligor may deliver the information by email at munidisclosure@MACmunibonds.com. Please include the MAC Policy number in the subject line of the email. If you have any questions, please contact Karen Hofstein at khofstein@MACmunibonds.com or call 212.339.3419.

If the information cannot be delivered through email, please fax it to 212.339.3556 or mail it to the appropriate address below.

Municipal Assurance Corp. - Municipal Surveillance (muni tax)
1633 Broadway
New York, NY 10019

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Water and Sewer Bonds

Generally, if the required information is provided to a NRMSIR or on a website and Assured Guaranty can access the information, then the obligor may satisfy the information requirements by providing us with the link to the information website.

Alternatively, the obligor may deliver the information by email at munidisclosure@MACmunibonds.com. Please include the MAC Policy number in the subject line of the email. If you have any questions, please contact Barbara Boulle at bboulle@macmunibonds.com or call 212.339.3504.

If the information cannot be delivered through email, please fax it to 212.339.3556 or mail it to:

Municipal Assurance Corp - Municipal Surveillance (water and sewer)
1633 Broadway
New York, NY 10019

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Public Power Bonds

Please deliver your disclosure information to munidisclosure@macmunibonds.com.

The information should include, at a minimum:

  • the annual audit
  • operational and other data as requested on the appropriate reporting form available here in Excel or PDF format.  Please save the completed Excel form to your computer and attach it to the email, or print and deliver the completed form to MAC. The Excel file contains two worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.

Please include the MAC Policy number in the subject line of the email. If you have any questions, please contact Barbara Boullé at bboulle@MACmunibonds.com or call 212.339.3504.

If the information cannot be delivered through email, please fax it to 212.339.3556 or mail it to:

Municipal Assurance Corp - Municipal Surveillance (muni electric)
1633 Broadway
New York, NY 10019

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Gas & Electric Bonds

Please deliver your disclosure information to munidisclosure@macmunibonds.com.

The information should include, at a minimum:

  • the annual audit
  • operational and other data as requested on the appropriate reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the email, or print and deliver the completed form to Assured Guaranty. The Excel file contains two worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.

Please include the AGC or AGM Policy number in the subject line of the email. If you have any questions, please contact Barbara Boullé at bboulle@MACmunibonds.com or call 212.339.3504.

If the information cannot be delivered through email, please fax it to 212.339.3556 or mail it to:

Municipal Assurance Corp - Municipal Surveillance (muni electric)
1633 Broadway
New York, NY 10019

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Airports

Email your disclosure information to munidisclosure@macmunibonds.com.

The information should include, at a minimum:

  • the annual audit
  • operational and other data as requested on the appropriate reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the email, or print and deliver the completed form to MAC. The Excel file contains two worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.
  • Officer's Certification/Covenant Compliance Certificates

Please include the MAC Policy number in the subject line of the email. If you have any questions, please contact Valery Marfitsin at vmarfitsin@MACmunibonds.com or call 212.339.3531.

If the information cannot be delivered through email, please fax it to 212.339.3556 or mail it to:

Municipal Assurance Corp - Municipal Surveillance (transportation)
1633 Broadway
New York, NY 10019

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Port, Mass Transit Fare Box, Parking Garage, Toll Road and Bridges

Email your disclosure information to munidisclosure@MACmunibonds.com

The information should include, at a minimum:

  • the annual audit
  • operational and other data as requested on the appropriate reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the email, or print and deliver the completed form to MAC. The Excel file contains three worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.
  • Officer's Certification/Covenant Compliance Certificates

Please include the MAC Policy number in the subject line of the email. If you have any questions, please contact Valery Marfitsin at vmarfitsin@macmunibonds.com or call 212.339.3531.
If the information cannot be delivered through email, please fax it to 212.339.3556 or mail it to:

Municipal Assurance Corp. - Municipal Surveillance (transportation)
1633 Broadway
New York, NY 10019

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Public University Bonds

Email your disclosure information to munidisclosure@macmunibonds.com.

The information should include, at a minimum:

  • the annual audit
  • operational and other data as requested on the reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the email, or print and deliver the completed form to Assured Guaranty.
  • Officer's Certification/Covenant Compliance Certificates

Please include the MAC Policy number in the subject line of the email. If you have any questions, please contact either Karen Hofstein  (khofstein@MACmunibonds.com, 212.339.3419) or Andreea Verfaillie (averfaillie@MACmunibonds.com, 212.261.5536).

If the information cannot be delivered through email, please fax it to 212.339.3556 or mail it to:

Municipal Assurance Corp - Municipal Surveillance (education)
1633 Broadway
New York, NY 10019