MSRB EMMA

Municipal bonds are important in the US, where many roads, hospitals, and schools are constructed.

Places, where communities cannot afford to finance large-scale public projects on their own are supported by municipal bonds that can help to get funding for public facilities like - sewers, libraries, bridges, roads, and others.

Communities have been financing public assets projects through such bonds since the early 1800s, and over time participation by the investors and communities in the offer and the purchase of such alternative finance investment bonds led to multi-trillion-dollar markets. 

The MSRB was established in 1975 to promote municipal securities investors, entities, and the public interest.

It is a self-regulatory organization governed by the Board of Directors. It consists of 21 members with deep expertise in municipal securities markets, including 11 representatives of the public and ten regulated entities. 

EMMA is an electronic municipal market access website that can provide a free source of data and information on all kinds of municipal bonds.

It provides real-time trade prices, credit ratings, official statements, ongoing disclosure documents, and other information about more than 1mn such outstanding financial investment instrument.