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Note Book: R.C
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Note Book: R.C
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Last modified
9/19/2012 3:29:14 PM
Creation date
9/6/2011 2:25:15 PM
Metadata
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Building
RecordID
10376
Title
Note Book: R.C
Company
Marion County
BLDG Date
11/4/1998
Building
Courthouse Square
BLDG Document Type
Finance
Project ID
CS9801 Courthouse Square Construction
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~,- Section 3. Financial Information. The County agrees to provide or cause to be <br />provided to each NRMSIR and to the SID, if any, in each case as designated by the Commission <br />in accordance with the Rule, the following annual financial information and operating data for <br />the prior fiscal year (commencing in 1999 for the fiscal year ended June 30, 1998): <br />A. The County's latest publicly available annual financial statements <br />prepared in accordance with the Oregon Local Budaet Law (or any successor statute) and in <br />accordance with generally accepted accounting principles so prescribed by the Governmental <br />Accounting Standards Board (or its successors) and generally of the type included in the official <br />statement for the 1998 Certificates under the heading "Appendix D: Audited Financial <br />Statements of County for Fiscal Year Ended June 30, 1997"; <br />B. Financial information or operating data of the type set forth in the Official <br />Statement under the caption "Annual Disclosure Information." <br />The annual information and operating data described above shall be provided on <br />or before six months after the end of the County's fiscal year. The County's current fiscal year <br />ends June 30. The County may adjust such fiscal year by providing written notice of the change <br />of fiscal year to each then existing NRMSIR and the SID, if any. In lieu of providing such <br />annual financial information and operating data, the County may cross-reference to other <br />documents provided to the NRMSIR, the SID or to the Commission and, if such document is a <br />final official statement within the meaning of the Rule, available from the MSRB. <br />The County agrees to provide or cause to be provided, in a timely manner, to each <br />NRMSIR or to the MSRB, and to the appropriate SID, if any, notice of its failure to provide the <br />annual financial information described in this Section 3 on or prior to the date set forth in the <br />preceding paragraph. <br />If not provided as part of the annual financial information discussed above, the <br />County shall provide the County's audited annual financial statement prepared in accordance <br />with the Oregon Local Budget Law (or any successor statute) v~~hen and if available to each then <br />existing NRMSIR and the SID, if any. <br />Section 4. Material Events. The County agrees to provide or cause to be <br />provided, in a timely manner, to the SID, if any, and to each NRMSIR or to the MSRB notice of <br />the occurrence of any of the following events with respect to the 1998 Certificates, if material: <br />Principal and interest payment delinquencies; <br />2. Non-payment related defaults; <br />3. Unscheduled draws on debt service reserves for the 1998 Certificates <br />reflecting financial difficulties; <br />~ 4. Unscheduled draws on credit enhancements for the 1998 Certificates <br />reflecting financial difficulties; <br />
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