Ord 1997-030 - Laserfiche WebLink

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I {'f4 ¡ Section 14.02. Annual Reports. The City shall provide annually to each NRMSIR and any SID, within six months after the end of each fiscal year (beginning \\'Ìth the fiscal year ending September 30, 1996) financial information and operating data I,'áth respect to the City of the general type described in Exhibit A hereto. Financial statements so to be provided shall be (1) prepared in accordance with the accounting principles described in Exhibit A hereto and (2) audited, if the City conunissions an audit of such statements and the audit is completed within the period during which they must be provided. If audited financial statements are not available at the time the financial information and operating data must be provided, then the City shall provide unaudited [mancial statements 'for the applicable fiscal year to each NRi\¡fSIR and any SID with the financial information and operating data and will file the annual audit report when and if the same becomes available. If the City changes its fiscal year, it will notify each NRi\IISIR and any SID of the change (and of the date of the new fiscal year end) prior to the next day by which the City otherwise would be required to provide fmancial information and operating data pursuant to this Section. The fmancial information and operating data to be provided pursuant to this Section may be set forth in full in one or more documents or may be included by specific reference to any document (including an official statement or other offering document, if it is available ITom the MSRB) that theretofore has been provided to each NRi\IISIR and any SID or filed with the SEC. Section 14.03. Material Event Notices. The City shall notify any SID and either each NRi\IISIR or the MSRB, in a t~ely manner, of any of the following events with respect to the Bonds, if such event is material within the meaning of the federal securi ties lal,'¡'s: A. Principal and interest payment delinquencies; B. Non-payment related defaults; C. Unscheduled draws on debt service reserves reflecting financial difficulties; D. Unscheduled draws on credit enhancements reflecting fmancial difficulties; E. Substitution of credit or liquidity providers, or their failure to perform; F. Adverse ta.x opinions or events affecting the tax-exempt status of the Bonds; G. Modifications to rights of holders of the Bonds; H. Bond calls; 1. Defeasances; J. ReLease, substitution, or saLe of property securing repayment of the Bonds; and K. Rating changes. ""3A.""W<'WWSS.'~=.oJlD"'CE 31