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<br />I <br /> <br />I <br /> <br />I <br /> <br />Section 13.02. Annual Reports. <br /> <br />The City shall provide annually to each NRMSIR and any SID, within six months after the <br />end of each fiscal year after the date of issuance of the Bonds financial information and operating <br />data with respect to the City of the general type described in Exhibit A hereto. Financial statements <br />so to be provided shall be (1) prepared in accordance with the accounting principles described in <br />Exhibit A hereto and (2) audited, if the City commissions an audit of such statements and the audit <br />is completed within the period during which they must be provided. If audited financial statements <br />are not available at the time the financial information and operating data must be provided, then the <br />City shall provide unaudited financial statements for the applicable fiscal year to each NRMSIR and <br />any SID with the financial information and operating data and will file the annual audit report when <br />and if the same becomes available. <br /> <br />Ifthe City changes its fiscal year, it will notify each NRMSIR and any SID ofthe change (and <br />of the date of the new fiscal year end) prior to the next day by which the City otherwise would be <br />required to provide financial information and operating data pursuant to this Section. <br /> <br />The financial information and operating data to be provided pursuant to this Section may be <br />set forth in full in one or more documents or may be included by specific reference to any document <br />(including an official statement or other offering document, if it is available from the MSRB) that <br />theretofore has been provided to each NRMSIR and any SID or filed with the SEC. <br /> <br />Section 13.03. Material Event Notices. <br /> <br />The City shall notify any SID and either each NRMSIR or the MSRB, in a timely manner, <br />of any ofthe following events with respect to the Bonds, if such event is material within the meaning <br />of the federal securities laws: <br /> <br />A. Principal and interest payment delinquencies; <br /> <br />B. Non-payment related defaults; <br /> <br />C. Unscheduled draws on debt service reserves reflecting financial difficulties; <br /> <br />D. Unscheduled draws on credit enhancements reflecting financial difficulties; <br /> <br />E. Substitution of credit or liquidity providers, or their failure to perform; <br /> <br />F. Modifications to rights of holders of the Bonds; <br /> <br />G. Bond calls; <br /> <br />H. Defeasances; <br /> <br />SANMARCOSlWWWSRev2006A-2: Ordinance <br /> <br />40 <br />