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This document serves as a Continuing Disclosure Certificate executed by the City of San Diego regarding the issuance of Public Facilities Financing Authority Subordinated Water Revenue Bonds, outlining
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How to fill out continuing disclosure certificate

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How to fill out Continuing Disclosure Certificate

01
Understand the purpose of the Continuing Disclosure Certificate, which is to provide ongoing financial and operating information to investors.
02
Gather necessary information, including financial statements, budget data, and any relevant operating data.
03
Complete the heading section with the issuer's name, the date, and the transaction identifiers.
04
List the financial information that will be disclosed, including bond ratings, annual financial statements, and event disclosures.
05
Include a certification statement that affirms the accuracy of the information provided.
06
Obtain signatures from authorized officials to validate the certificate.
07
Submit the completed certificate to the appropriate regulatory bodies and retain a copy for your records.

Who needs Continuing Disclosure Certificate?

01
Municipal bond issuers must complete a Continuing Disclosure Certificate to meet compliance with SEC rules.
02
Entities that sell municipal securities must provide ongoing disclosure to protect investors.
03
Bondholders and investors require this information to make informed decisions about their investments.
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A Dissemination Agent typically collects and compiles the Issuer's or Borrower's annual financial information and audited financial statements and files this information with the online database operated by the MSRB, entitled Electronic Municipal Market Access (“EMMA”) In addition, the Dissemination Agent assists the
Specifically, SEC Rule 15c2-12 requires that underwriters of municipal securities, before bidding, purchasing, or selling a municipal security in the primary market, must obtain and review the issuer's preliminary and final official statements and reasonably determine that the issuer has committed to provide continuing
Under section 3(a)(2) of the 1933 Securities Act , however, when local and state governments issue municipal bonds they generally do not need to register the bonds with the SEC . Similar to many other forms of debt, municipal bonds have principal , interest , and maturity .
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Common methods of dissemination include: Presenting program results to local community groups and other local stakeholders. Creating and distributing program materials, such as flyers, guides, pamphlets and DVDs. Creating toolkits of training materials and curricula for other communities.
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A Continuing Disclosure Certificate is a document that outlines an issuer's obligation to provide ongoing information to investors and the market regarding the financial condition and operations of a public entity or securities.
Entities such as municipalities, school districts, and other issuers of municipal securities under Rule 15c2-12 of the Securities Exchange Act of 1934 are required to file Continuing Disclosure Certificates.
To fill out a Continuing Disclosure Certificate, the issuer must provide specific details such as financial statements, operating data, or changes in financial condition and must adhere to the guidelines set forth in their disclosure agreements.
The purpose of a Continuing Disclosure Certificate is to ensure that investors have access to material information that can affect their investment decisions, promoting transparency and accountability in the municipal securities market.
Information that must be reported includes annual financial statements, budget information, any material events affecting the issuer, changes to the security, and other relevant operational data as specified in the disclosure agreement.
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