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Ord 1996-032
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Ord 1996-032
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Last modified
9/18/2007 5:57:00 PM
Creation date
6/13/2007 1:59:44 PM
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Template:
City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
1996-32
Date
4/22/1996
Volume Book
123
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<br /> t 8/1 f <br /> I or responsible to any Owners of such Bonds for any Jùrther payment of such unclaimed moneys or <br /> I on account of any such Bonds, subject to any applicable escheat law or similar law, <br /> ARTICLE XIV <br /> CONIINUlNG DISCLOSURE UNDERTAKING <br /> Section 14.01. Definitions, <br /> r As used in this Article, the following terms have the meanings ascribed to such terms below: <br /> ¡ <br /> I <br /> I <br /> I <br /> "MSRB" means the Municipal Securities Rulemaking Board. <br /> "NlUvISIR" means each person whom the SEC or its staff has determined to be a nationally <br /> recognized municipal securities information repository within the meaning of the Rule ITom time to <br /> time, <br /> "Rule" means SEC Rule 15c2-12, as amended from time to time. <br /> "SEC" means the United States Securities and Exchange Commission. <br /> . <br /> "SID" means any person designated by the State of Texas or an authorized department, <br /> officer, or agency thereof as, and determined by the SEC or its staff to be, a state information <br /> depository within the meaning of the Rule ITom time to time. <br /> Section 14,02. Annual Reports. <br /> <br /> The City shall provide annually to each NRt\1SlR and any SID, within six months after the <br /> end of each fiscal year ending in or after 1996, 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 l(b) <br /> of this Ordinance, being the information described in Exhibit A hereto. Any financial statements so <br /> - to be prmided shall be (1) prepared in accordance with the accounting principles as the City may be <br /> required to employ ITom time to time pursuant to state law or regulation and (2) audited, if the City <br /> commissions an audit of such statements and the audit is completed within the period during which <br /> they must be provided. If the audit of such financial statements is not complete within such period, <br /> then the City shall provide audited financial statements for the applicable fiscal year to each NRiyfSIR <br /> and any SID, when and if the audit report on such statements 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 ne:v 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 /> """'"'"MARl WW3S. "'" DOCS\ORDNÅ’.FS 38 <br />
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