Ord 2007-036 - Laserfiche WebLink

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"SEC" means the United States Securities and Exchange Commission. "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 12 02 Annual Information. (a) The Crty shall provide annually to each NRMSIR and any SID, wrthm six months after the end of each fiscal year ending in or after 2007, financial information and operating data with respect to the Crty of the general type included m the final Official Statement authorized by Section 7 O 1(b) of this Ordinance, being the information described m Exhibit A hereto Any financial statements so to be provided shall be (1) prepared m accordance with the accounting principles described m Exhibit A attached hereto, or such other accounting principles as the City may be required to employ from time to time pursuant to state law or regulation and (2) audited, if the City commissions an audit of such statements and the audit is completed wrthm the period during which they must be provided. If the audit of such financial statements is not complete wrthm such period, then the Crty shall provide unaudited financial statements by the required time and shall provide audited financial statements for the applicable fiscal year to each NRMSIR and any SID, when and if the audit report on such statements becomes available (b) Ifthe Crty 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. (c) The financial information and operating data to be provided pursuant to this Section maybe set forth m full m one or more documents or may be included by specific reference to any document (including an official statement or other offering document, if rt is available from the MSRB) that theretofore has been provided to each NRMSIR and any SID or filed with the SEC Section 12 03 Material Event Notices The City shall notify any SID and either each NRMSIR or the MSRB, m a timely manner, of any of the following events with respect to the Bonds, if such event is material wrthm the meaning of the federal securities laws (i) Principal and interest payment delinquencies, (ii) Non-payment related defaults, (in) Unscheduled draws on debt service reserves reflecting financial difficulties, (iv) Unscheduled draws on credit enhancements reflecting financial difficulties, (v) Substitution of credit or hquidrty providers, or their failure to perform, (vi) Adverse tax opinions or events affecting the tax-exempt status of the Bonds, (vii) Modifications to rights of holders of the Bonds, sari Marcos GO 2007 Ordinance 29