WASHINGTON -- The Municipal Securities Rulemaking Board klate Friday proposed raising its underwriting assessment fee on dealers to 3 cents per $1,000 bond, from 2 cents, effective Aug. 1, to help finance its newly approved electronic library for official statements and advance refunding documents.

In a three-page filing with the Securities and Exchange Commission, the board said it was seeking the increase because of its "declining fund balance and the expected expenses relating to the operation of" its electronic library for official statement and refunding documents, which was approved by the SEC June 6.

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