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Ord 2000-009
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Ord 2000-009
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Last modified
7/17/2006 12:00:22 PM
Creation date
7/17/2006 11:58:18 AM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Emergency Approval
Number
2000-9
Date
2/14/2000
Volume Book
139
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<br />"Rule" means SEC Rule I 5c2-12, as amended from time to time. <br /> <br />"SEe" means the United States Securities and Exchange Commission. <br /> <br />"SID" means any person designated by the State of Texas or an authorized department, officer, or <br />agency thereof as, and determined by the SEC or its staff to be, a state information depository within the <br />meaning of the Rule from time to time. <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 end of <br />each fiscal year after the date ofissuance of the Bonds, financial information and operating data with respect <br />to the City of the general type included in the final Official Statement authorized by Section 7.0 1 (b) of th is <br />Ordinance, being the information described in Exhibit A hereto. Any financial statements so to be provided <br />shall be (1) prepared in accordance with the accounting principles described in Exhibit A hereto, or such <br />other accounting principles as the City may be required to employ from time to time pursuant to state law <br />or regulation and (2) audited, if the City commissions an audit of such statements and the audit is completed <br />within the period during which they must be provided. If the audit of such financial statements is not <br />complete within such period, then the City shall provide audited financial statements for the applicable fiscal <br />year to each NRMSIR and any SID, when and if the audit report on such statements becomes available. <br /> <br />If the City changes its fiscal year, it will notify each NRMSIR and any SID of the change (and of the <br />date of the new fiscal year end) prior to the next day by which the City otherwise would be required to <br />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 set forth <br />in full in one or more documents or may be included by specific reference to any document (including an <br />official statement or other offering document, if it is available from the MSRB) that theretofore has been <br />provided to each NRMSIR and any SID or filed with the SEC. <br /> <br />Section 13.03. Material Event Notices. <br /> <br />(a) The City shall notify any SID and either each NRMSIR or the MSRB, in a timely manner, <br />of any of the following events with respect to the Bonds, if such event is material within the meaning of the <br />federal securities laws: <br /> <br />(i) Principal and interest payment delinquencies; <br /> <br />(ii) Non-payment related defaults; <br /> <br />(iii) Unscheduled draws on debt service reserves reflecting financial difficulties; <br /> <br />(iv) Unscheduled draws on credit enhancements reflecting financial difficulties; <br /> <br />(v) Substitution of credit or liquidity providers, or their failure to perform; <br /> <br />(vi) Adverse tax opinions or events affecting the tax-exempt status of the Bonds; <br /> <br />(vii) Modifications to rights of holders ofthe Bonds; <br /> <br />R\SANMARlGO.OOIDOCSlFlNALlOrdgo.",pd 29 <br />
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