1. By: Jordan Kaufman Kern County Treasurer-Tax Collector Elect

2.  Signed by the Gov. Oct. 2013  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.

3.  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

4.  Signed by the Gov. Sep. 2014  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

5.  Signed by the Gov. Sep. 2014  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.

6.  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

7. Contact Information: Jordan Kaufman jkaufman@co.kern.ca.us 661-868-3454