AUDITOR / CONTROLLER - Auditor LeRoy Anderson
There is no financial impact to this process. This is necessary to meet a reporting requirement.
REQUESTED ACTION (S)
a) Request approval and authorization to file the Fiscal Year 2015/16 Annual Disclosure Report for the County of Tehama Certificates of Participation, Series 2014
The federal Securities and Exchange Commission regulations require that municipal bond issuers file certain fiscal reports each year. Tehama County has executed a "Continuing Disclosure Agreement" pursuant to these regulations in connection with the 2014 Certificates of Participations (COP), which sets forth the specific contents of these annual reports.
The 2015/16 annual report (due by March 31, 2017) is presented for approval in accordance with this process. The report meets the requirements of the SEC regulations and the County's Continuing Disclosure Agreement.