Orange County NC Website
44 <br /> (a) by not later than seven months from the end of each of the County's <br /> Fiscal Years, beginning with the Fiscal Year that ends June 30, 2024, audited County <br /> financial statements for such fiscal year, if available, prepared in accordance with <br /> Section 159-34 of the General Statutes of North Carolina, as it may be amended from <br /> time to time, or any successor statute, or, if such audited financial statements are <br /> not available by seven months from the end of any fiscal year, unaudited County <br /> financial statements for such fiscal year, to be replaced subsequently by audited <br /> County financial statements to be delivered within 15 days after such audited <br /> financial statements become available for distribution; <br /> (b) by not later than seven months from the end of each of the County's <br /> Fiscal Years, beginning with the Fiscal Year that ends June 30, 2024, the financial <br /> and statistical data as of a date not earlier than the end of the preceding fiscal year <br /> (which data will be prepared at least annually, will specify the date as to which such <br /> 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 in Appendix A to the final Official Statement relating to the 2024 Bonds <br /> under the captions "THE COUNTY - DEBT INFORMATION" and "—TAX <br /> INFORMATION" (excluding any information on overlapping or underlying debt) to <br /> the extent such items are not included in the audited financial statements referred <br /> 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 /> 2024 Bonds: <br /> (1) principal and interest payment delinquencies; <br /> (2) non-payment related defaults, if material; <br /> (3) unscheduled draws on debt service reserves 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 /> 15 <br />