Federal Reserve expands number and type of entities eligible for MLF

Municipal liquidity facility (MLF) expanded

• the Fed announced expansion in the number and type of entities eligible for municipal liquidity facility
• says state governors will also be able to designate to bond issuers in their state whose revenues come from government activities such as public transit, airports, utilities
• Fed says the new rules guarantee all states will have at least 2 cities or counties eligible regardless of population