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with respect to the City of the general type described in Exhibit A hereto. Financial statements so <br />to be provided shall be (1) prepared in accordance with the accounting principles described in Exhibit <br />A hereto and (2) audited, if the City commissions an audit of such statements and the audit is <br />completed within the period during which they must be provided. If audited financial statements are <br />not available at the time the financial information and operating data must be provided, then the City <br />shall provide unaudited financial statements for the applicable fiscal year to each NRMSIR and any <br />SID with the financial information and operating data and will file the annual audit report when and <br />if the same becomes available. <br />If the City changes its fiscal year, it will notify each NRMSIR and any SID of the 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 />The financial information and operating data to be provided pursuant to this Section maybe <br />set forth in full in one or more documents or maybe 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 />Section 13.03. Material Event Notices. <br />The City shall notify any SID and either each NRMSIR or the MSRB, in a timely manner, of <br />any of the following events with respect to the Bonds, if such event is material within the meaning <br />of the federal securities laws: <br />A. Principal and interest payment delinquencies; <br />B. Non-payment related defaults; <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 or events affecting the tax-exempt status of the Bonds; <br />G. Modifications to rights of holders of the Bonds; <br />H. Bond calls; <br />I. Defeasances; <br />J. Release, substitution, or sale of property securing repayment of the Bonds; and <br />SANMARCOS/W W W SRed2008: Ordinance 41 <br />