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Disclosure Guidance for Issuers of FSA-Guaranteed Bonds

 

Insured obligors are expected to provide to FSA 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.

Please select the appropriate link from the list of bond types below for specific instructions about providing disclosure information to FSA. If you have questions, you may call the person identified in the appropriate bond type section. If your bonds do not fit any of these types, please contact Jean Dulskey at jdulskey@fsa.com or call (212) 339-3456.

Bond Trustees may deliver their reports to munitrustee@fsa.com. Please include the FSA Policy number in the subject line of the e-mail.



Tax-Backed Bonds

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

Please see the page for Tax Allocation Bonds or Special Assessment Bonds if your bonds are of those types.

Alternatively, the obligor may deliver the information to FSA by e-mail at munitax@fsa.com. Please include the FSA Policy number in the subject line of the e-mail. If you have any questions, please call Jean Dulskey at 212.339-3456.

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

FSA - Municipal Oversight (muni tax)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



 

Tax Allocation or Special Assessment Bonds (including Mello-Roos bonds)

You should deliver your disclosure information to munispecialtax@fsa.com.

The information should include, at a minimum:

  • the annual audit
  • property value data: assessed valuation of developed and undeveloped property
  • tax collections: amounts of special tax levied and actual collections, including special taxes received under the County's Teeter Plan
  • other information 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 e-mail, or print and deliver the completed form to FSA.

Please include the FSA Policy number in the subject line of the e-mail. If you have any questions, please call Jean Dulskey at 212.339-3456.

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

FSA - Municipal Oversight (special tax)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



Water and Sewer Bonds

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

Alternatively, the obligor may deliver the information to FSA by e-mail at muniwtrswr@fsa.com. Please include the FSA Policy number in the subject line of the e-mail. If you have any questions, please call Jean Dulskey at 212.339.3456.

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

FSA - Municipal Oversight (water and sewer)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



Public Power Bonds

You should deliver your disclosure information to munielec@fsa.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 e-mail, or print and deliver the completed form to FSA. The Excel file contains two worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.

Please include the FSA Policy number in the subject line of the e-mail. If you have any questions, please call Jean Dulskey at 212.339-3456.

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

FSA - Municipal Oversight (muni electric)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



Gas & Electric Bonds

You should deliver your disclosure information to munielec@fsa.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 e-mail, or print and deliver the completed form to FSA. The Excel file contains two worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.

Please include the FSA Policy number in the subject line of the e-mail. If you have any questions, please call Jean Dulskey at 212.339-3456.

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

FSA - Municipal Oversight (muni electric)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



Airport Revenue

E-mail your disclosure information to munitrans@fsa.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 e-mail, or print and deliver the completed form to FSA. 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 (see example: in Excel or PDF format)

Please include the FSA Policy number in the subject line of the e-mail. If you have any questions, please call Jean Dulskey at 212.339-3456.

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

FSA - Municipal Oversight (transportation)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



Port, Mass Transit Fare Box, Parking Garage, Toll Road and Bridge Revenue

E-mail your disclosure information to munitrans@fsa.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 e-mail, or print and deliver the completed form to FSA. 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 FSA Policy number in the subject line of the e-mail. If you have any questions, please call Jean Dulskey at 212.339-3456.

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

FSA - Municipal Oversight (transportation)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



Hospital Bonds

E-mail your disclosure information to munihealth@fsa.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 e-mail, or print and deliver the completed form to FSA. 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 FSA Policy number in the subject line of the e-mail. If you have any questions, please call Yvonne Wright at 212.339.3542.

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

FSA - Municipal Oversight (healthcare)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



Housing Bonds

You should deliver your disclosure information to munihsg@fsa.com. The information should include, at a minimum:


  • The annual audit for the Authority/Agency:
    • For the specific "program" related to FSA insured Bonds; and
    • For the overall Authority/Agency
  • Other data related to a single Master Indenture/Resolution for the Bonds insured by FSA, for each program, should be reported 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 e-mail, or print and deliver to FSA.
    • Single Family in Excel or PDF format
    • Multi-Family or Multi-Purpose (combined single family and multi-family) in Excel or PDF format
    • FHA-Insured or HUD Guaranteed in Excel or PDF format
  • Officer's Certification/Covenant Compliance Certificates, if required

Please include the FSA Policy number in the subject line of the e-mail. If you have any questions, please call Yvonne Wright at 212.339.3542.

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

FSA - Municipal Oversight (housing)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



Private University and Other Private School Bonds

E-mail your disclosure information to munied@fsa.com.

The information should include, at a minimum:


  • the annual audit
  • operational and other data as requested on the appropriate reporting form available here. Please save the completed Excel form to your computer and attach it to the e-mail, or print and deliver the completed form to FSA.
    • Private Colleges and Universities in Excel or PDF format
    • Private/Independent Primary and Secondary Schools in Excel or PDF format
  • Officer's Certification/Covenant Compliance Certificates

Please include the FSA Policy number in the subject line of the e-mail. If you have any questions, please call Yvonne Wright at 212.339.3542.

If the information cannot be delivered through e-mail, please fax it to 212.339.3556 or mail it to:
FSA - Municipal Oversight (education)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



Public University Bonds

E-mail your disclosure information to munied@fsa.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 e-mail, or print and deliver the completed form to FSA.
  • Officer's Certification/Covenant Compliance Certificates

Please include the FSA Policy number in the subject line of the e-mail. If you have any questions, please call Lisa Richardson at 212.339.0826.

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

FSA - Municipal Oversight (education)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556



Student Loan Bonds

E-mail your disclosure information to munisl@fsa.com.

The information should include, at a minimum:


  • the annual audit
  • 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 e-mail, or print and deliver the completed form to FSA.
  • Officer's Certification/Covenant Compliance Certificates, if required

Please include the FSA Policy number in the subject line of the e-mail. If you have any questions, please call Yvonne Wright at 212.339.3542.

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

FSA - Municipal Oversight (student loan)
31 West 52nd Street
New York, NY 10019
1.212.826.0100
Fax 1.212.339.3556