Orange County NC Website
Browse       Search
repository ("NRMSIR"}, and the state information depository for the State of <br />North Carolina ("SID"}, if any, audited County financial statements for such fiscal <br />year, if available, prepared in accordance with Section 159-34 of the General <br />Statutes of North Carolina, as it may be amended from time to time, or any <br />successor statute, or, if such audited financial statements are not available by seven <br />months from the end of any fiscal year, unaudited County financial statements for <br />such fiscal year, to be replaced subsequently by audited County financial <br />statements to be delivered within 1 S days after such audited financial statements <br />become a~Tailable for distribution; <br />(b) by not later than seven months from the end of each of the County's <br />Fiscal dears, to each NRMSIR, and to the SID, if any, (i} the financial and <br />statistical data as of a date not earlier than the end of the preceding fiscal year <br />(which data will be prepared at least aruzually, will specify the date as to which <br />such information was prepared and will be delivered with any subsequent material <br />events notices specified in subparagraph {c) below) for the type of information <br />included under the headings in the final Official Statement relating to the 2006A <br />Certificates under the captions , to the extent such items <br />are not included in the audited financial statements referred to in (a} above; <br />(c} in a timely manner, to each NRMSIR or to the Municipal Securities <br />Rulemaking Board ("MSRB"), and to the SID, if any, notice of any of the <br />following events with respect to the 200GA Certificates, if material: <br />(1} principal and interest payment delinquencies; <br />(2} non-payment related defaults; <br />(3) unscheduled draws on debt sercjice reser~jes reflecting financial <br />difficulties; <br />(4) unscheduled draws on any credit enhancements reflecting financial <br />difficulties; <br />(5} substitution of credit or liquidity providers, or their failure to perform; <br />(C} adverse tax opinions or events affecting the tax-exempt status of the <br />Certificates; <br />(7} modifications to rights of the beneficial owners of the Certificates; <br />93361v2 17 <br />