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

Celebrating 10 Years of Leadership: Sofia Anastopoulos Marks a Decade with IMET
July 15, 2026

IMET celebrates Executive Director Sofia Anastopoulos and the steady leadership, professionalism, and dedication she has provided throughout her 10 years of service to IMET.

Celebrating 10 Years of Leadership: Sofia Anastopoulos Marks a Decade with IMET

Read more
IMET Participant Spotlight: Village of Woodridge
July 07, 2026

Learn how the Village of Woodridge and Finance Director John Harrington use IMET to support reserves, liquidity, and investment diversification.

IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: Village of Woodridge

Read more
Put Your Property Tax Receipts to Work with the IMET Convenience Fund
July 06, 2026

Learn how you can put your property tax receipts to work for you in the IMET Convenience Fund

Put Your Property Tax Receipts to Work with the IMET Convenience Fund

Read more
Summertime Market Outlook 2026
June 24, 2026

In the summer market update, we discuss the Federal Reserve’s June decision to hold rates steady and what may come next.

Summertime Market Outlook 2026

Read more
View All News