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If the City changes the fiscal year, the City will notify the MSRB of the change (and of the <br />date of the new fiscal year end) prior to the next date by which the City otherwise would be required <br />to provide financial information and operating data pursuant to this Section. <br />The financial information and operating data to be provided pursuant to this subsection may <br />be set forth in full in one or more documents or may be included by specific reference to any <br />document that is available to the public on the MSRB's internet web site or filed with the SEC. All <br />documents provided to the MSRB pursuant to this subsection shall be accompanied by identifying <br />information as prescribed by the MSRB. <br />(b) Material Event Notices. The City shall notify the MSRB, in an electronic format as <br />prescribed by the MSRB, in a timely manner not in excess of ten business days after the occurrence <br />of the event, of any of the following events with respect to the Bonds: <br />laws; <br />A. Principal and interest payment delinquencies, <br />B. Non - payment related defaults, if material within the meaning of the federal securities <br />C. Unscheduled draws on debt service reserves reflecting financial difficulties; <br />D. Unscheduled draws on credit enhancements reflecting financial difficulties; <br />E. Substitution of credit or liquidity providers, or their failure to perform; <br />F. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or <br />final determinations of taxability, Notices ofProposed Issue (IRS Form 5701 —TEB) or other material <br />notices or determinations with respect to the tax - exempt status ofthe Bonds, or other events affecting <br />the tax - exempt status of the Bonds; <br />G. Modifications to rights of holders of the Bonds, if material within the meaning of the <br />federal securities laws; <br />H. Bond calls, if material within the meaning of the federal securities laws; <br />I. Defeasances; <br />J. Release, substitution, or sale of property securing repayment of the Bonds, if material <br />within the meaning of the federal securities laws; <br />K. Rating changes; <br />L. Bankruptcy, insolvency, receivership or similar event of the City; <br />M. The consummation of a merger, consolidation, or acquisition involving the City or the <br />sale of all or substantially all of the assets of the City, other than in the ordinary course of business, <br />San Marcos GORB 2010 - Delegated: Ordinance 29 <br />