WASHINGTON - Bond lawyers dropped their opposition this week to a Municipal Securities Rulemaking Board plan to collect official statements of short-term debt and variable-rate demand notes for the first time.

The National Association of Bond Lawyers wrote the Securities and Exchange Commission saying it now supports the plan because it will make the MSRB's information library more complete. The group also said it is pleased that the board has opted not to collect documents prepared for limited placements, which the MSRB also had proposed.

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