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bonds as if such issue were an issue of tax-exempt governmental bonds and shall carry out and <br />comply with the requirements of these policies and procedures with respect to such qualified <br />501(c)(3) bonds. Alternatively, in cases where compliance activities are reasonably within the <br />control of the relevant 50 1(c)(3) Organization, the Finance Director may determine that all or some <br />portion of the compliance responsibilities described herein shall be assigned to organization. <br />8. Conduit Bonds. <br />The provisions of these policies and procedures are primarily intended to be applicable to <br />governmental bonds. However, the City may from time to time issue qualified 501(c)(3) bonds <br />or other qualified private activity bonds that are not governmental bonds and loan the proceeds <br />thereof to a nongovernmental organization that is the obligor on such conduit bonds. Although <br />such conduit bonds are not governmental bonds, at the election of the Finance Director, for <br />purposes of these policies and procedures, the Finance Director may treat such issue of conduit <br />bonds as if such issue were an issue of tax-exempt governmental bonds and shall carry out and <br />comply with the requirements of these policies and procedures with respect to such conduit bonds. <br />Alternatively, in cases where compliance activities are reasonably within the control of the relevant <br />obligor, the Finance Director may determine that all or some portion of the compliance <br />responsibilities described herein shall be assigned to or required of such obligor. <br />9. Continuing Disclosure Obligations. <br />In addition to its post -issuance compliance requirements under applicable provisions of the <br />Code and Treasury Regulations, the City has agreed to provide continuing disclosure, such as <br />annual financial information and material event notices, pursuant to a continuing disclosure <br />certificate or similar document (the "Continuing Disclosure Document") prepared with assistance <br />from the financial advisor and made a part of the transcript with respect to each issue of bonds of <br />10 <br />4553512v1 <br />