Series 51: Advance Refunding

Taken from our Series 51 Online Guide

Advance Refunding

If a primary offering is being used to advance refund outstanding municipal securities, and an advance refunding document is prepared, then the underwriter is required to do the following no later than five days after the closing date:

Submit the advance refunding document to EMMA

Submit all required information related to the advance refunding document in Form G-32

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