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Debt")," "TAX DATA," "SELECTED FINANCIAL DATA," "INVESTMENT AUTHORITY <br />AND INVESTMENT OBJECTIVES OF THE CITY- Current Investments," and in Appendix <br />"B" to the Official Statement. Any financial statements so to be provided shall be (1) prepared <br />in accordance with the accounting principles described in Appendix B to the Official Statement <br />and (2) audited, if the City commissions an audit of such statements and the audit is completed <br />within the period during which they must be provided. If audited financial statements are not so <br />provided, then the City shall provide audited financial statements for the applicable fiscal year to <br />each NRMSIR and any SID, when and if audited financial statements become available. <br />If the City changes its fiscal year, it will notify each NRMSIR and any SID of the change <br />(and of the date of the new fiscal year end) prior to the next date by which the City otherwise <br />would be required to provide financial information and operating data pursuant to this Section. <br />The financial information and operating data to be provided pursuant to this Section may <br />be set forth in full in one or more documents or may be included by specific reference to any <br />document (including an official statement or other offering document, if it is available from the <br />MSRB) that theretofore has been provided to each NRMSIR and any SID or filed with the SEC. <br />Section 8.2: Material Event Notices. The City shall notify any SID and either each <br />NRMSIR or the MSRB, in a timely manner, of any of the following events with respect to the <br />Certificates, if such event is material within the meaning of the federal securities laws: <br />(a) Principal and interest payment delinquencies; <br />(b) Non-payment related defaults; <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 />(g) Adverse tax opinions or events affecting the tax-exempt status of the Certificates; <br />(h) Modifications to rights of holders of the Certificates; <br />(i) Certificate calls; <br />0) Defeasances; <br />(k) Release, substitution, or sale of property securing repayment of the Certificates; and <br />(1) Rating changes. <br />The City shall notify any SID and either each NRMSIR or the MSRB, in a timely <br />manner, of any failure by the City to provide financial information or operating data in <br />accordance with Section 8.1 of this Ordinance by the time required by such Section. <br />18 <br />HOU:2690632.2 <br />