The letter notes that our higher education and hospital sectors have relatively better times for annual financial disclosures than the government sectors but NFMA requests a variety of actions that would apply across the board. Some of these we might support, some might create significant problems for our borrowers.
Harry Huntley, Martin Walke, Barry Fick and I are in frequent contact with MSRB and to a lesser extent the SEC. We would welcome your reactions to the letter and its proposals. A possible follow-up would be meeting with MSRB and SEC on these issues from our perspective as SEC agreed at our Austin meeting.