This website includes information relating to MSBA and certain of its bonds and notes, including offering documentation and other materials. Any such material speaks only as of its date, is provided for general informational purposes only and is not intended to be the basis of, and should not be relied upon in making, an investment in MSBA bonds or notes. THIS WEBSITE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO SELL OR BUY ANY SECURITIES. OFFERS TO PURCHASE MSBA BONDS OR NOTES MAY ONLY BE MADE THROUGH A REGISTERED BROKER-DEALER AND THROUGH AN OFFICIAL STATEMENT.
Independent Municipal Advisor Exemption Language
By publicly posting the following written disclosure, the MSBA intends that market participants may rely on the following for purposes of establishing the independent registered municipal advisor (IRMA) exemption to the SEC Municipal Advisor Rule.
The Massachusetts School Building Authority (“MSBA”) has retained certain independent registered municipal advisors. The MSBA is represented by and will rely on its municipal advisor(s) to provide advice with respect to proposals from financial services firms concerning the issuance of municipal securities and municipal financial products, including investments of bond proceeds and escrow investments, if applicable. The MSBA has qualified several independent registered municipal advisors to assist the MSBA in its debt management program. To know which municipal advisory firm that the MSBA will rely with respect to a particular matter, please contact the MSBA at 617-720-4466. This information may be relied upon for purposes of establishing the IRMA exemption until June 30, 2018, unless otherwise revoked or rescinded by the MSBA in its sole discretion. Proposals may be provided to the MSBA at 40 Broad Street, Suite 500, Boston, MA 02109. The MSBA will provide proposals received to its municipal advisors, in its discretion. Please note that aside from regulatory mandated correspondence between a financial services firm and the MSBA’s municipal advisors, no financial services firm should contact or send documents directly to the MSBA’s municipal advisors unless specifically directed to do so by the MSBA.
UNDER NO CIRCUMSTANCES SHALL THE INFORMATION ON THE SITE CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. OFFERS TO PURCHASE SECURITIES MAY BE MADE ONLY THROUGH A REGISTERED BROKER-DEALER AND THROUGH AN OFFICIAL STATEMENT.