Board Will Host Forums on Land-Secured Disclosure

        The Board will be hosting three forums on land–secured disclosure in September. The decision to host a series of forums focused on land-secured financing transaction disclosure is an outgrowth of the MSRB Forum on Disclosure held last November in Washington, D.C. During that forum, many participants urged the Board to promote similar forums focused on specific market sectors.

        The Board has been working with numerous land-secured market participants to put together these forums. The forums, which will be held in Washington, D.C., Houston, Texas, and Costa Mesa, California, will provide an opportunity for all participants in land-secured financing transactions to discuss issues of concern and possible mechanisms to improve land-secured disclosure.

        The forums will consist of sections discussing: (1) the recently released NFMA Draft Best Practices for Land-Secured Disclosure; (2) the role of developers in providing disclosure; (3) how to best represent value in land-secured transactions; and (4) issues involving dissemination of disclosure information. Paul Maco, Director of the SEC’s Office of Municipal Securities, will be the luncheon speaker at the forums.

        The specific dates and locations for the forums are:

Tuesday, September 14, 1999 ¾ Washington, D.C. forum to be held at the Sheraton Crystal City, 1800 Jefferson Davis Highway, Arlington, Virginia.

Wednesday, September 15, 1999 ¾ Houston, Texas forum to be held at the Sheraton North Houston, George Bush Intercontinental Airport, 15700 John F. Kennedy Blvd., Houston, Texas.

Thursday, September 16, 1999 ¾ Costa Mesa, California forum to be held at the Westin South Coast Plaza, 686 Anton Blvd., Costa Mesa, California.

        The Board is charging a $100 registration fee for attendance. Participants must complete a registration form and submit the form along with the registration fee in advance. A registration form may be obtained by calling the Board’s office at (202) 223-9347 or by downloading from below. Also, a tentative schedule for the forums may be downloaded from below.