RES 02047 - Laserfiche WebLink

"Rule" shall mean Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time. "State Repository" shall mean any public or private repository or entity designated by the State of California as a state repository for the purpose of the Rule and recognized by the Securities and Exchange Commission. As of the date of this Continuing Disclosure Agreement. there is no State Repository. Section 3. Provision of Annual Reports. (a) The City shall, or shall cause the Dissemination Agent to, annually not later than 210 days after the end of the City's fiscal year. commencing with the report for the 2001/02 fiscal year, provide to each Repository an Annual Report which is consistent with the requirements of Section 4 of this Disclosure Agreement. Not later than fifteen (15) Business Days prior to said date. the City shalL by telecommunications or other reasonable means. provide the Annual Report to the Dissemination Agent (if other than the City). The Annual Report may be submitted as a .ingle document or as separate documents comprising a package. and may cross-reference other information as provided in Section 4 of this Disclosure Agreement: provided that the audited financial statements of the City may be submitted separately from the balance of the Annual Report. and later than the date required above for the filing of the Annual Report ifnot available by that date, (b) Not later than fifteen (15) Business Days prior to the date specified in subsection (a) for the providing of the Annual Report to Repositories. the City shall provide the Annual Report to the Dissemination Agent. If by such date. the Dissemination Agent has not received a copy of the Annual Report, the Dissemination Agent shall contact the City to determine if the City is in compliance with the first sentence of this subsection (b), If the Dissemination Agent is unable to verify that an Annual Report has been provided to the Repositories by the date required in subsection (a). the Dissemination Agent shall send a notice to the National Repository or the Municipal Securities Rulemaking Board and the State Repository in substantially the form attached as Exhibit A. (c) The Dissemination Agent shall: (i) determine each year prior to the date for providing the Annual Report the name and address of each National Repository and each State Repository. if any; and (ii) file a report with the City certifying that the Annual Report has been provided pursuant to this Disclosure Agreement, stating the date it was provided and listing all the Repositories to which it was provided. Section 4, Content of Annual Reports. The City's Annual Report shall contain or incorporate by reference the most recent audited financial statements of the City prepared in accordance with generally accepted accounting principles promulgated to apply to governmental ')