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Section 12. COVENANTS REGARDING TAX EXEMPTION OF INTEREST <br />ONTHE 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........ <br />Section 20. FURTHER ACTIONS ................................................. <br />Section 21. PERFECTION............................................................. <br />Section 22. INTERPRETATIONS................................................. <br />Section 23. INCONSISTENT PROVISIONS ................................ <br />Section 24. INTERESTED PARTIES ............................................ <br />Section 25. SEVERABILITY .................. <br />Section 26. FUNDS AND ACCOUNTS. <br />Section 27. CREDIT AGREEMENT ...... <br />Section 28. REPEALER .................................... <br />Section 29. EFFECTIVE DATE ........................ <br />San Marcos GORB2019 - Delegated: Ordinance <br />...................................31 <br />.........................................31 <br />.........................................32 <br />.........................................32 <br />.......................................32 <br />.......................................32 <br />.......................................33 <br />33 <br />........................................................................33 <br />........................................................................3 3 <br />33 <br />