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Agenda - 06-05-2018 6-b - General Obligation Bond Sale for Chapel Hill High School and Approval of Budget Amendment #9-A Related to the FY 2017-18 Capital Investment Plan
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Agenda - 06-05-2018 6-b - General Obligation Bond Sale for Chapel Hill High School and Approval of Budget Amendment #9-A Related to the FY 2017-18 Capital Investment Plan
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5/31/2018 4:56:36 PM
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BOCC
Date
6/5/2018
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6-b
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Agenda - 06-05-2018 Regular Board Meeting
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\Board of County Commissioners\BOCC Agendas\2010's\2018\Agenda - 06-05-2018 Regular Meeting
Minutes 06-05-2018
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\Board of County Commissioners\Minutes - Approved\2010's\2018
ORD-2018-023 General Obligation Bond Sale for Chapel Hill High School and Approval of Budget Amendment #9-A Related to the FY 2017-18 Capital Investment Plan
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\Board of County Commissioners\Ordinances\Ordinance 2010-2019\2018
RES-2018-034 Resolution for Sale of School Bonds
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\Board of County Commissioners\Resolutions\2010-2019\2018
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M <br />Exhibit B -- Undertaking for Continuing Disclosure <br />The County undertakes, for the benefit of the beneficial owners of the Bonds, <br />to provide the following items and information to the Municipal Securities <br />Rulemaking Board (the "MSRB "): <br />(a) by not later than seven months from the end of each of the County's <br />fiscal years, audited County financial statements for such fiscal year, if available, <br />prepared in accordance with Section 159 -34 of the General Statutes of North <br />Carolina, as it may be amended from time to time, or any successor statute, or, if <br />such audited financial statements are not available by seven months from the end of <br />any fiscal year, unaudited County financial statements for such fiscal year, to be <br />replaced subsequently by audited County financial statements to be delivered <br />within 15 days after such audited financial statements become available for <br />distribution; <br />(b) by not later than seven months from the end of each of the County's <br />fiscal years, (i) the financial and statistical data as of a date not earlier than the end <br />of the preceding fiscal year (which data will be prepared at least annually, will <br />specify the date as to which such information was prepared and will be delivered <br />with any subsequent material events notices specified in subparagraph (c) below) <br />for the type of information included under heading "The County - Debt Information" <br />and "- Tax Information" in the final Official Statement (excluding any information on <br />overlapping or underlying units), and (ii) the combined budget of the County for the <br />current fiscal year, to the extent such items are not included in the audited financial <br />statements referred to in (a) above; <br />(c) in a timely manner, not in excess of ten business days after the <br />occurrence of the event notice of any of the following events with respect to the <br />Bonds: <br />(1) principal and interest payment delinquencies; <br />(2) non - payment related defaults; <br />
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