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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 ................................................ 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 />Section28. REPEALER........................................................................................................ 33 <br />Section 29. EFFECTIVE DATE............................................................................................ 33 <br />San Marcos GORB2020 - Delegated: Ordinance <br />