GFOA Offers Guidance on the LIBOR/SOFR Transition

Thursday, October 10, 2019 in Press

The GFOA, in partnership with the Alternative Reference Rates Committee (ARRC), published a two-page guide for municipal issuers. The purpose of the document is to give the reader a basic understanding of the LIBOR/SOFR transition and rationale as well as general considerations for municipal issuers over the next few years.

Additionally, this week, the Treasury Department moved to smooth the transition away from LIBOR by proposing a rule allowing market participants to change the reference rate on any contract without tax consequences.


Back to All News

Recent News

Market Overview and IMET Performance (Winter 2026)
March 06, 2026

The Winter 2026 Market Overview highlights inflation moving closer to the Fed’s 2.00% goal. It also explains why the Fed has held rates at 3.50% to 3.75%, what markets are watching at the March meeting, and how elevated Treasury yields have supported competitive IMET fund rates.

Market Overview and IMET Performance (Winter 2026)

Read more
IMET Participant Spotlight: City of Rolling Meadows
March 03, 2026

In this edition of the IMET Participant Spotlight, we feature the City of Rolling Meadows. We cover how the City uses IMET to support major project funding, maintain liquidity during property tax delays, and invest bond proceeds for local improvements.

IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: City of Rolling Meadows

Read more
IMET FEBRUARY 2026 Monthly Newsletter
February 18, 2026

Click on the link below to read the latest IMET Monthly Newsletter:

IMET February 2026 - Monthly Newsletter

Read more
IMET Participant Spotlight: Champaign County
February 11, 2026

In this edition of the IMET Participant Spotlight, we feature Champaign County highlighting how the County has grown its IMET balances since joining in 2024 by using both the Convenience Fund and Core Fund to support short term liquidity needs while planning for long term goals.

IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: Champaign County

Read more
View All News