MISA bonds are faulty and must be reported

FI-Letter-to-the-EditorTo the Editor

Approval of the MISA Bonds was clearly faulty under very explicit SEC bond regulations, state rules and the Greenwich Town Charter, each of which prohibit BET and RTM bond authorization meetings secretly conducted without proper public notice.

The possibility that RTM MISA Bond Authorization may be determined “null and void” must be immediately reported to the SEC; the Municipal Bond Rulemaking Board and municipal bond rating agencies by the Town of Greenwich, with regard to all outstanding Greenwich Municipal Bonds, pursuant to SEC contingent liability disclosure requirements.

 

Bill Effros
Greenwich

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