Ord 2007-037 - Laserfiche WebLink

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"SID" means any person 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 13 02 Annual Reports The City shall provide annually to each NRMSIR and any SID, within six months after the end of each fiscal year after the date ofissuance ofthe Bonds financial information and operating data with 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 commissions 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 financial statements for the applicable fiscal year to each NRMSIR 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 NRMSIR 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 financial information and operating data pursuant to this Section. The financial information and operating data to be provided pursuant to this Section maybe 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 from the MSRB) that theretofore has been provided to each NRMSIR and any SID or filed with the SEC Section 13 03 Material Event Notices The City shall notify any SID and either each NRMSIR or the MSRB, in a timely manner, of any of the following events with respect to the Bonds, if such event is material within the meaning of the federal securities laws 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 financial difficulties, E, Substitution of credit or liquidity providers, or their failure to perform, F, Adverse tax opinions or events affecting the tax-exempt status of the Bonds, SANMARCOS/WWWSRev2007~ Ordinance 40