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Section 8. Disclosure. <br />(a) Primary Offering Disclosure-Official Statement. This Council authorizes <br />and directs the Mayor or the Director of Finance, or either of them, to (1) prepare <br />or cause to be prepared, and to make or authorize modifications, completions, or <br />changes of or supplements to, a disclosure document in the form of an official <br />statement, (2) determine, and certify or otherwise represent, when the official <br />statement is to be "deemed final" (except for permitted omissions) or is a final <br />official statement for purposes of the SEC Rule, (3) use and distribute, or <br />authorize the use and distribution of, that official statement and any supplements <br />in connection with the original issuance of the Notes, and (4) complete and sign <br />the final official statement together with certificates, statements, or other <br />documents in connection with the finality, accuracy, and completeness of that <br />official statement. <br />(b) Secondary Market Disclosure-Continuing Disclosure Agreement. For the <br />benefit of the Holders of the Notes and the beneficial owners of book-entry interests <br />in the Notes, the City agrees, as the only obligated person with respect to the Notes <br />under the SEC Rule, to provide financial information and operating data, financial <br />statements, and notices, in the manner required for purposes of paragraph (b)(5)(i) of <br />the SEC Rule.. <br />(1) Information Filing. The City further agrees, in particular, to provide: <br />(A) to each NRMSIR and to the SID, (1) Annual Information for each <br />City fiscal year, not later than the end of the ninth month following <br />the end of the fiscal year, and (2) when and if available, audited City <br />fmancial statements for each of those fiscal years; <br />(B) to each NRMSIR or to the MSRB, and to the SID, in a timely <br />manner, notice of (1) any Specified Event if that Specified Event is <br />material, (2) the City's failure to provide the Annual Information <br />within the time specified above, and (3) any change in the accounting <br />principles applied in the preparation of its annual fmancial <br />statements, any change in its fiscal year, its failure to appropriate <br />funds to meet costs to be incurred to perform the Continuing <br />Disclosure Agreement, and the termuiation of the Continuing <br />Disclosure Agreement; <br />(C) if the filing is due a$er the effective date of the EMMA System, to <br />EMMA, in a timely manner, the filings required by (A) and (B) <br />above, to the extent required by the SEC Rule. The filirigs required <br />by (A) and (B) need not be made with the NRMSIRs, SID, or MSRB <br />to the extent that filing with the EMMA System is sufficient under <br />the SEC Rule. <br />-s- <br />