Laserfiche WebLink
(A) the failure of the City to provide the Disclosure Information required under <br />paragraph (b)(1) at the time specified thereunder; <br />(B) the amendment or supplementing of this section pursuant to subsection (d), <br />together with a copy of such amendment or supplement and any explanation <br />provided by the City under subsection (d)(2); <br />(C) the termination of the obligations of the City under this section pursuant to <br />subsection (d); <br />(D) any change in the accounting principles pursuant to which the financial <br />statements constituting a portion of the Disclosure Information are prepared; <br />and <br />(E) any change in the fiscal year of the City. <br />(c) Manner of Disclosure. <br />(1) The City agrees to make available to the MSRB, in an electronic format as <br />prescribed by the MSRB from time to time, the information described in subsection <br />(b). <br />(2) All documents provided to the MSRB pursuant to this subsection (c) shall be <br />accompanied by identifying information as prescribed by the MSRB from time to <br />time. <br />(d) Term; Amendments; Interpretation. <br />(1) The covenants of the City in this section shall remain in effect so long as any Bonds <br />are Outstanding. Notwithstanding the preceding sentence, however, the obligations <br />of the City under this section shall terminate and be without further effect as of any <br />date on which the City delivers to the Registrar an opinion of Bond Counsel to the <br />effect that, because of legislative action or final judicial or administrative actions or <br />proceedings, the failure of the City to comply with the requirements of this section <br />will not cause participating underwriters in the primary offering of the Bonds to be <br />in violation of the Rule or other applicable requirements of the Securities Exchange <br />Act of 1934, as amended, or any statutes or laws successory thereto or amendatory <br />thereof. <br />(2) This section (and the form and requirements of the Disclosure Information) may be <br />amended or supplemented by the City from time to time, without notice to (except as <br />provided in paragraph (c)(3) hereof) or the consent of the Owners of any Bonds, by a <br />resolution of this Council filed in the office of the recording officer of the City <br />accompanied by an opinion of Bond Counsel, who may rely on certificates of the <br />City and others and the opinion may be subject to customary qualifications, to the <br />effect that: (i) such amendment or supplement (a) is made in connection with a <br />change in circumstances that arises from a change in law or regulation or a change in <br />the identity, nature or status of the City or the type of operations conducted by the <br />City, or (b) is required by, or better complies with, the provisions of paragraph (b)(5) <br />of the Rule; (ii) this section as so amended or supplemented would have complied <br />with the requirements of paragraph (b)(5) of the Rule at the time of the primary <br />16 <br />