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Ratings:Moody\'s AAA Fitch AAA (See \” MISCELLANEOUS Ratings\” herein.) In the opinion of Jones Hall, A Professional Law Corporation, San Francisco, California, Bond Counsel, subject, however,
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Who needs continuing disclosure filing for?

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Municipal bond issuers are required to submit continuing disclosure filings in order to provide investors with important information on the financial health of the issuer and the bond issue.
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Continuing disclosure filing is for providing ongoing information to investors about the financial and operational health of a municipal issuer.
Municipal securities issuers are required to file continuing disclosure filings.
Continuing disclosure filings can typically be filled out online through an Electronic Municipal Market Access (EMMA) system or a similar platform.
The purpose of continuing disclosure filing is to provide transparency and accountability to investors in the municipal securities market.
Information such as audited financial statements, operating data, bond calls, rating changes, and other material events must be reported on continuing disclosure filings.
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