21 ATTACHMENT 3 - Laserfiche WebLink

E-4 (a) The Agency’s audited financial statements prepared in accordance with generally accepted accounting principles as promulgated to apply to governmental entities from time to time by the Governmental Accounting Standards Board. If the Agency’s audited financial statements are not available by the Annual Report Date, the Annual Report shall contain unaudited financial statements in a format similar to the financial statements contained in the final Official Statement, and the audited financial statements shall be filed in the same manner as the Annual Report when they become available. (b) Unless otherwise provided in the audited financial statements filed on or before the Annual Report Date, financial information and operating data with respect to the Agency for the preceding fiscal year or as of the end of the preceding fiscal year, as applicable, substantially similar to that provided in the corresponding tables in the Official Statement: (i) Principal amount of the Bonds and any Parity Bonds outstanding. (ii) Any material changes since the later of the Official Statement or the most recent Annual Report relating to the permits, licenses, contracts and applicable regulations related to the LAVWMA Enterprise (as defined in the Official Statement). (iii) Description of any local initiatives that have been approved for the ballot or adopted by the voters that may materially restrict or limit development in the Agency’s service area. (iv) A summary of debt service coverage for the most recently completed bond year (no updated projections are required) in the form of Table 2 of the Official Statement, only to the extent the related information is provided by the respective Members by March 1 immediately prior to the Annual Report Date. (c) In addition to any of the information expressly required to be provided under this Disclosure Certificate, the Agency shall provide such further material information, if any, as may be necessary to make the specifically required statements, in the light of the circumstances under which they are made, not misleading. (d) Any or all of the items listed above may be included by specific reference to other documents, including official statements of debt issues of the Agency or related public entities, which are available to the public on the MSRB’s Internet web site or filed with the Securities and Exchange Commission. The Agency shall clearly identify each such other document so included by reference. Section 5. Reporting of Significant Events. (a) The Agency shall give, or cause to be given, notice of the occurrence of any of the following Listed Events with respect to the Bonds: (1) Principal and interest payment delinquencies. (2) Non-payment related defaults, if material. (3) Unscheduled draws on debt service reserves reflecting financial difficulties. (4) Unscheduled draws on credit enhancements reflecting financial difficulties.