The Securities and Exchange Commission (the "SEC") pursuant to the Securities Exchange Act of 1934, as amended and supplemented (codified on the date hereof at 15 U.S.C. 77 et seq.) (the "Securities Exchange Act") has adopted amendments to its Rule 15c2-12 (codified at 17 C.F.R. § 240.15c2-12) ("Rule 15c2-12") effective July 3, 1995 which generally prohibit a broker, dealer, or municipal securities dealer from purchasing or selling municipal securities, such as the Bonds, unless such broker, dealer or municipal securities dealer has reasonably determined that an issuer of municipal securities or an obligated person has undertaken in a written agreement or contract for the benefit of holders of such securities to provide certain annual financial information and event notices to various information repositories; and
The Issuer represents in its Notice of Sale that it will deliver on the closing date for the Bonds a "Continuing Disclosure Certificate" pursuant to which the Issuer will agree to provide at the times and to the persons described in Rule 15c2-12 the annual financial information and event notices to various information repositories required to be disclosed on a continual basis pursuant to Rule 15c2-12.
This includes but is not limited to the following information:
Issuer: The Issuer is an obligated person, as is any entity described below as an Additional Obligated Person, and no other entity is an obligated person.
Additional Obligated Person(s): None
Content of Annual Report for Issuer: Accounting Principles. The following accounting principles shall be used for the financial statements: Other Comprehensive Basis of Accounting (OCBOA).
Financial Statements: The financial statements shall present the following information: The General Purpose Financial Statements section of the Comprehensive Annual Financial Report.
Operating Data: In addition to the financial statements, unaudited operating data concerning the following matters shall be presented: (i) revenues received by the County, (ii) expenditures made by the County, (iii) budgets, (iv) selected financial data concerning the General Fund, (v) information concerning interfund borrowings, (vi) pertinent information on significant pending litigation, (vii) balances of outstanding County obligations, and (viii) statistical information on the County's economic condition.
2017 CONTINUING DISCLOSURE REQUIREMENT FILED ON WWW.EMMA.MSRB.ORG ON 08/16/17
Click here for Historical Continuing Disclosure Filings (2002-previous year)