§ 2-507. Full disclosure required.

(a)

The city shall follow a policy of full disclosure in financial reporting and with the preparation of a bond prospectus.

(b)

The city shall record and comply with any continuing disclosure undertaking entered into with respect to debt. The city treasurer shall catalogue and determine any continuing disclosure undertaking previously entered into by the city to ensure that its continuing disclosure obligations will be updated and satisfied going forward.

(c)

The city treasurer will implement appropriate procedures to ensure that annually recurring disclosure obligations are timely fulfilled.

(d)

Upon the occurrence of an event requiring the filing of an event notice under any continuing disclosure obligation, the city treasurer will ensure such event notice is filed within ten business days of the occurrence of such event.

(Ord. No. 06-11-05, 11-21-2006; Ord. No. 15-01-233 , § 1, 1-21-2015)