W. Va. Code R. § 112-10-4

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 112-10-4 - Proposed Debt Issuance Report

4.1. Each spending unit intending to incur debt shall submit a report to the Division no later than 30 days prior to the debt closing. The report shall contain the information and be in the format specified by the Treasurer.

4.2. The proposed debt issuance report shall contain the following information, as applicable:

4.2.1 The name and address of the issuer;

4.2.2. The proposed sale date;

4.2.3. The estimated amount and type of debt to be issued;

4.2.4. Whether the sale is to be competitive or negotiated;

4.2.5. Whether the interest is exempt from federal and state taxation and the applicability of alternative minimum taxation;

4.2.6. The amount for refunding;

4.2.7. The repayment sources;

4.2.8. The purposes of the financing;

4.2.9. The names of the principal parties to the transaction, including, without limitation:

4.2.9.a. The bond counsel;

4.2.9.b. The tax counsel;

4.2.9.c. The trustee;

4.2.9.d. The financial advisor;

4.2.9.e. The auditor;

4.2.9.f. The underwriter, placement agent or purchaser;

4.2.9.g. The underwriter's counsel;

4.2.9.h. The name and contact information of person completing form; and

4.2.9.i. The name and information for contact person of issuer;

4.2.10. The terms and conditions of the debt if they are not set forth in the preliminary offering statement;

4.2.11. A preliminary copy of the offering statement;

4.2.12. The source of funds used for repayment of debt and a schedule, by year, for the collection of the funds. A schedule is not required if the source of revenue is the General Revenue Fund; and

4.2.13. All other information specified by the Treasurer.

W. Va. Code R. § 112-10-4