W. Va. Code R. § 112-10-5

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

Section 112-10-5 - Report of Final Sale

5.1. Each spending unit issuing debt shall submit a report of final sale to the Division in the format specified by the Division no later than 30 days after closing on the debt. The report shall contain the information and be in the format specified by the Treasurer.

5.2. The report of final sale is not the same as the quarterly report.

5.3. The report shall include the following information, as applicable:

5.3.1. The name and address of the issuer;

5.3.2. The issue name;

5.3.3. The date of issuance;

5.3.4. The principal;

5.3.5. The purpose of the sale;

5.3.6. The true interest cost;

5.3.7. The amount and type of debt issued;

5.3.8. A copy of the official or offering statement or circular;

5.3.9. A copy of the transcript;

5.3.10. All costs and expenses incurred in the issuance of the debt, including:

5.3.10.a. The bond counsel;

5.3.10.b. The issuer counsel;

5.3.10.c. The accounting and auditing;

5.3.10.d. The financial advisor;

5.3.10.e. The bond insurance or other credit enhancement;

5.3.10.f. The rating agencies;

5.3.10.g. The underwriters, placement agent or purchaser;

5.3.10.h. The underwriter's counsel;

5.3.10.i. The tax counsel;

5.3.10.j. The trustee's fees;

5.3.10.k. The trustee's counsel fees;

5.3.10.l. The printing fees;

5.3.10.m. The auditor's fees;

5.3.10.n. The credit enhancement fees - The spending unit shall specify nature of the credit enhancement and the anticipated future cost, if any; and

5.3.10.o. Any other fees and costs requested by the Treasurer;

5.3.11. The terms and conditions of the debt if not set forth in the official or offering statement or circular;

5.3.12. The source of funds used for repayment of the debt, and a schedule, by year, for the collection of the funds; and

5.3.13. Any other information specified by the Treasurer.

W. Va. Code R. § 112-10-5