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Section 12. COVENANTS REGARDING TAX EXEMPTION OF INTEREST <br />ON THE BOND...................................................22 <br />(a) Covenants...........................................................22 <br />(b) Rebate Fund ......................................................... 24 <br />(c) Proceeds ............................................................24 <br />(d) Disposition of Project ................................................. 25 <br />Section 13. APPROVAL OF OFFERING DOCUMENTS, PAYING <br />AGENT/REGISTRAR AGREEMENT AND ESCROW AGREEMENT...... 25 <br />Section 14. INSURANCE PROVISIONS ........................................ 26 <br />Section 15. TAXABLE BONDS . .............................................. 26 <br />Section 16. CONTINUING DISCLOSURE UNDERTAKING ........................ 26 <br />(a) Annual Reports......................................................26 <br />(b) Certain Event Notices .................................................. 27 <br />(c) Limitations, Disclaimers, and Amendments ................................. 28 <br />Section 17. AMENDMENT OF ORDINANCE .................................... 29 <br />Section 18. REMEDIES IN EVENT OF DEFAULT ................................ 31 <br />Section 19. NO RECOURSE AGAINST CITY OFFICIALS ......................... 31 <br />Section 20. FURTHER ACTIONS .............................................. 31 <br />Section 21. PERFECTION.................................................... 32 <br />Section 22. INTERPRETATIONS .............................................. 32 <br />Section 23. INCONSISTENT PROVISIONS ...................................... 32 <br />Section 24. INTERESTED PARTIES ........................................... 32 <br />Section 25. SEVERABILITY ......................................... ........ 33 <br />Section 26. FUNDS AND ACCOUNTS .......................................... 33 <br />Section 27. CREDIT AGREEMENT ............................................ 33 <br />Section 28. REPEALER...................................................... 33 <br />San Marcos GORB - Delegated: Ordinance 11 <br />