The Municipal Securities Rulemaking Board is scheduled to hold its final quarterly meeting of fiscal year 2026 in Washington, D.C., on July 22-23. The agenda includes a vote on the proposed FY2027 budget, leadership elections and discussions on regulatory modernization, market transparency and technology updates.
Highlights
- MSRB's July 22-23 meeting agenda includes a board vote on the proposed FY2027 budget, FY2027 Board Chair and Vice Chair elections, and four new board member selections.
- Board members will review stakeholder feedback on the FY2027 draft budget, discuss a taxable municipal market report, and receive an update on the modernized EMMA website.
- An educational session on decentralized finance and asset tokenization is scheduled for July 21, 2026, highlighting a technology and market structure focus before the quarterly meeting.
Agenda for budget, governance and rulemaking
As reported by Municipal Securities Rulemaking Board, the July 22-23 meeting will include a board vote on the proposed FY2027 budget, elections for the FY2027 Board Chair and Vice Chair, and the selection of four new board members.The meeting agenda also covers potential next steps for dealer supervision initiatives, an update on stakeholder engagement on open contractual commitments, a primer on a rule under the MSRB's retrospective rule review, and an update on market infrastructure rules.
Market transparency and technology focus
Board members are also set to review stakeholder feedback on the FY2027 draft budget, receive an update on the forthcoming modernized Electronic Municipal Market Access, or EMMA, website, and discuss a report on the taxable municipal market alongside recent MSRB research.In addition, the MSRB is hosting a board education session on July 21, 2026, focused on decentralized finance and asset tokenization, adding a technology and market structure component ahead of the formal quarterly meeting.
Our earlier coverage of Austin’s convention center bond financing explained how the city plans to fund demolition and expansion through senior and junior special tax revenue bonds backed by hotel occupancy tax receipts. We outlined the key differences in security and protections between the senior and junior tranches and noted that, despite a strong revenue history, the pledged tax stream remains sensitive to economic downturns and travel disruptions.
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