Res 1998-192 - Laserfiche WebLink

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127 CONTINUING DISCLOSURE AGREEMENT This Continuing Disclosure Agreement (the "Agreement"), dated as of September 15, 1998 is executed and delivered by the Guadalupe-Blanco River Authority (" GBRA") and the City of San Marcos, Texas (the IDisclosureParty") in connection with the issuance of the proposed "Guadalupe- Blanco River Authority Regional Raw Water Delivery System Contract Revenue Bonds, Series 1998 (City of San Marcos, Texas Portion)" (the "Bonds") being issued by GBRA with respect to which the Disclosure Party is an "obligated person," as such term is applied within the meaning of the Rule. For good and valuable consideration, GBRA and the Disclosure Party covenant and agree as follows: SECTION 1. Definitions. As used in this Agreement, the following terms have the meanings ascribed to such terms below: "MSRB" means the Municipal Securities Rulemaking Board and any successor to its duties. "NRMSIR" means each person whom the SEC or its staff has determined to be a nationally recognized municipal securities information repository within the meaning of the Rule from time to time. "Rule" means SEC Rule 15c2-12, as amended from time to time. "$EC" means the United States Securities and Exchange Commission and any successor to its duties. "SID" means any entity designated by the State of Texas or an authorized department, officer, or agency thereof as, and determined by the SEC or its staff to be, a state information depository within the meaning of the Rule from time to time. SECTION 2. Annual Reports; Obligations of Disclosure Party. The Disclosure Party undertakes to and shall provide annually to each NRMSIR and any SID, within six months after the end of each of its fiscal years following the issuance oftheBonds, financial information and operating data with respect to the Disclosure Party as specified and included in Tables 1 through 9 and in Appendix D of the final official statement relating to the Bonds. Any financial statements so to be provided shall be (1) prepared in accordance with the accounting principles described in the notes to the financial statements as specified and included in Appendix D of such final official statement relating to the Bonds, or such other accounting principles as the Disclosure Party may be required to employ from time to time pursuant to state law or regulation, and (2) audited, if the Disclosure Party commissions an audit of such statements and the audit is completed within the period during which it must be provided. If the audit of such financial statements is not complete within such period, then the Disclosure Party shall provide unaudited financial statements for the applicable fiscal year to each NRMSIR and any SID within the period during which it must be provided and the audited financial statements, when and if the audit report on such statements become available.