Presentation on theme: "By: Jordan Kaufman Kern County Treasurer-Tax Collector Elect."— Presentation transcript:
By: Jordan Kaufman Kern County Treasurer-Tax Collector Elect
Signed by the Gov. Oct 4:1 max debt ratio 10 year call option for all CABs CABs can only go out 25 years 1 time waiver for notes issued by Dec. 31, 2013 If CABs, then 2 Sch. Board meeting agendas, 1 as information item and 1 for approval.
Additional Sch. Board resolution disclosure: If CABs, then term, repayment ratio, AV estimates Total cost of CABs, comparison of cost to CIB, the reason for the use of CABs Copy of underwriter disclosure in compliance with Rule G-17 After sale disclosure: Present actual cost information for the sale at next scheduled meeting
Signed by the Gov. Sep Bond ballot statement must include best estimate from official sources of the total debt service that would be required to be repaid if all the bonds are issued and sold. Can include assumptions
Signed by the Gov. Sep All state and local agencies must provide notice to CDIAC of any proposed issuance (not just new money deals). CDIAC can require any info it “considers appropriate”, not just date, issuer, type of debt and est. principal Reduces timeframe for report of final sale info from 45 to 21 days.
SEC currently reviewing Adds Municipal Advisor to all of the G-37 requirements. What are the G-37 requirements: MFPs cannot donate more than $250 to electeds Does NOT apply to ballot campaigns (but many think it should) 2013 amendments added lots of campaign contribution disclosure requirements; added in-kind contributions to bond ballot campaigns