Your reporting requirements depend on how much outstanding debt you have, the type of obligation you issue and the revenues pledged. Specifics are included in the Continuing Disclosure Agreement associated with your securities issue.
All issuers must submit audited financial statements and event notices. Other common disclosures include:
- Current property valuations
- Direct debt
- Tax levies and collection
- Population and employment trends
- Event notices, such as situations affecting tax-exempt status or reflecting financial difficulties, ratings changes, securities calls & tender offers, new debt issuances and more.
With numerous required disclosures and strict deadlines, managing your continuing disclosure compliance can be challenging. A knowledgeable dissemination agent like Ehlers can streamline the process and ensure you meet your compliance obligations and avoid serious consequences that could impact your access to municipal capital markets.