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Section 12. COVENANTS REGARDING TAX EXEMPTION OF INTEREST <br />ON THE BOND .................... .............................21 <br />(a) Covenants .................... .............................21 <br />(b) Rebate Fund ................... .............................22 <br />(c) Proceeds ..................... .............................22 <br />(d) Disposition of Project ......... ............................... 23 <br />(e) Designation as Qualified Tax - Exempt Bonds ....................... 23 <br />Section 13. SALE OF BOND ................. ............................... 23 <br />Section 14. APPROVAL OF PAYING AGENT/REGISTRAR AGREEMENT <br />AND ESCROW AGREEMENT ...... ............................... 24 <br />Section 15. REFUNDING OF REFUNDED OBLIGATIONS ........................ 24 <br />Section 16. APPROVAL OF OFFICIAL STATEMENT ............................ 24 <br />Section 17. INSURANCE PROVISIONS ........ ............................... 24 <br />Section 18. [ RESERVED] .................... ............................... 25 <br />Section 19. CONTINUING DISCLOSURE UNDERTAKING ....................... 25 <br />(a) Annual Reports ................ .............................25 <br />(b) Material Event Notices ......... ............................... 25 <br />(c) Limitations, Disclaimers, and Amendments ......................... 26 <br />Section 20. AMENDMENT OF ORDINANCE .... ............................... 27 <br />Section 21. REMEDIES IN EVENT OF DEFAULT ............................... 29 <br />Section 22. NO RECOURSE AGAINST CITY OFFICIALS ......................... 29 <br />Section 23. FURTHER ACTIONS ............. ............................... 29 <br />Section 24. PERFECTION ................... ............................... 30 <br />Section 25. INTERPRETATIONS ............. ............................... 30 <br />Section 26. INCONSISTENT PROVISIONS ..... ............................... 30 <br />Section 27. INTERESTED PARTIES ........... ............................... 30 <br />Section 28. SEVERABILITY ................. ............................... 31 <br />San Marcos GORB 2011 - Delegated: Ordinance 11 <br />