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f <br /> an Discount Bond may be deemed to be received in the year of accrual even though there will not be a <br /> corresponding cash payment attributable to such original issue discount until a later year . <br /> Bond Counsel ' s opinion will not address issues relating to the treatment of original issue discounts <br /> on Discount Bonds . Owners of Discount Bonds should consult their tax advisors with respect to the <br /> tax consequences of owning or disposing of a Discount Bond . <br /> CONTINUING DISCLOSURE OBLIGATION <br /> In accordance with the requirements of Rule 15c2 - 12 promulgated by the Securities and Exchange <br /> Commission under the Securities Exchange Act of 1934 ("Rule 15c2 - 12 ") , the County has undertaken in <br /> the Trust Agreement to provide, or cause to be provided through the Trustee, to the Municipal Securities <br /> Rulemaking Board (the "MSRB ") : <br /> ( 1 ) by not later than seven months after the end of each fiscal year, beginning with the fiscal <br /> year ending June 30 , 2024, the audited financial statements of the County for such fiscal year, if available, <br /> prepared in accordance with Section 159 - 34 of the General Statutes of North Carolina, as it may be amended <br /> or if such audited financial statements are not then available <br /> from time to time, or any successor statute, , <br /> j <br /> unaudited financial statements of the County for such fiscal year to be replaced subsequently by audited <br /> financial statements of the County to be delivered within 15 days after such audited financial statements <br /> become available for distribution; <br /> (2 ) by not later than seven months after the end of each fiscal year, beginning with the fiscal <br /> year ending June 30 , 2024, the financial and statistical data as of a date not earlier than the end of the <br /> preceding fiscal year for the type of information included under the captions " THE COUNTY—DEBT <br /> INFORMATION" and "—TAX INFORMATION" in Appendix A relating to the 2024 Bonds (excluding <br /> any information on overlapping or underlying debt) to the extent such items are not included in the audited <br /> financial statements referred to in ( 1 ) above , <br /> (3 ) in a timely manner not in excess of ten business days after the occurrence of the event, <br /> notice of any of the following events with respect to the 2024 Bonds : <br /> (a) principal and interest payment delinquencies , <br /> (b) non-payment related defaults , if material , <br /> r, <br /> ( c) unscheduled draws on debt service reserves reflecting financial difficulties ; <br /> ( d) unscheduled draws on credit enhancements reflecting financial difficulties ; <br /> (e) substitution of credit or liquidity providers , or their failure to perform; <br /> (f) adverse tax opinions , the issuance by the Internal Revenue Service of proposed or <br /> final determinations of taxability, Notices of Proposed Issue (IRS Form 5701 - <br /> TEB ) or other material notices or determinations with respect to the tax status of <br /> the 2024A Bonds , or other material events affecting the tax status of the 2024A <br /> Bonds ; <br /> (g) modifications to rights of holders of the 2024 Bonds , if material; <br /> 21 <br />