Concord Public Financial Advisors, Inc.

Concord Public Finance

Disclosure Services

Complying with the Municipal Securities Rule 15c2-12 Continuing Disclosure

Municipalities that have issued bonds or notes since July 3, 1995 may be subject to Rule 15c2-12 of the U.S. Securities and Exchange Commission (the “Rule”).
The Rule provides that, where applicable, municipalities must submit annual financial information to certain securities information repositories and provide notice of certain events material to their bonds or notes.
Typically, issuers of not more than $10 million in outstanding securities are subject to the material events notice requirements, but need to provide financial information and operating data only upon request.
If the issuer has more than $10 million in outstanding securities. The issuer, under the Rule, must file its most recent audit, budget, and operating data annually.
The issuer must also provide timely notice of the following events, if material to the bonds
or notes

Concord Public Financial Advisors, Inc. ("Concord") has developed a service that can help to assure that the issuer will remain in compliance with the Continuing Disclosure Rules.
Concord will assist the issuer in gathering the information required to be disclosed, will compile the information in a format that can be filed with the NRMSIRs and will file the information on behalf of the issuer.
Annually, Concord will contact the issuer in time to assure that the issuer remains in compliance on a continuous basis. If the issuer is not now in compliance, a strategy to address noncompliance will be developed and pursued.