Ohio Administrative Code › Title 3358:11 - Michael J. Owens Community College › Chapter 3358:11-4 - College Policies In General › Section 3358:11-4-31 - Post-issuance continuing disclosure compliance policies and procedures

Current through all regulations passed and filed through July 1, 2024
(A)
								Purpose. The purpose of this rule of Owens state
			 community college, Wood county, Ohio (the issuer), is intended to ensure that
			 the disclosure documents as listed in paragraph (B)(3) of this rule are
			 accurate and comply with all applicable federal and state securities laws in
			 connection with the issuance of the issuer's debt offerings. In the event this
			 rule conflicts, in whole or in part, with the continuing disclosure certificate
			 or agreement executed by the issuer in connection with the issuance of its debt
			 offerings (a disclosure certificate), the terms of the applicable disclosure
			 certificate will control.
In addition, the issuer intends to
				comply with its obligations under each disclosure certificate to provide annual
				financial information and notices of the occurrence of certain events set forth
				in Rule 15c2-12 under the Securities Exchange Act of 1934.
(B)
								Definitions. The definitions set forth herein shall have the
			 following meanings:
(1)
									Annual financial information means the financial
			 information and/or operating data, prepared annually by the issuer, which shall
			 include, if prepared, audited financial statements, including a statement of
			 net assets, a statement of revenues, expenses and changes in net assets and a
			 statement of cash flow. All such financial information shall be prepared using
			 generally accepted accounting principles and audited by a certified public
			 accountant or the auditor of the state of Ohio.
(2)
									Board of trustees
			 means the board of trustees of the Owens state community college, Wood county,
			 Ohio.
(3)
									Disclosure documents means the following listing of
			 documents, including the annual financial information and operating data:
(a)
										Preliminary and
			 final official statements, private placement memoranda and remarketing
			 memoranda relating to the issuer's securities, together with any
			 supplements.
(b)
										Financial statements, including audited financial
			 reports.
(c)
										Filings made by the issuer with the municipal
			 securities rulemaking board, whether made pursuant to a disclosure certificate
			 to which the issuer is a party or otherwise, and receipts of such
			 filings.
(d)
										Any other communications that are reasonably expected,
			 in the determination of the disclosure coordinator, in consultation with the
			 issuer's disclosure or bond counsel, to reach investors and the trading markets
			 for municipal securities.
(4)
									Division of
			 enforcement of the United States securities and exchange
			 commission.
(5)
									Electronic municipal market access system of the
			 municipal securities rulemaking board.
(6)
									Finance
			 department means the treasurer office of the issuer.
(7)
									Fiscal officer
			 means the treasurer of the issuer.
(8)
									General counsel
			 means the general counsel of the board of trustees.
(9)
									Issuer means the
			 Owens state community college, Wood county, Ohio.
(10)
									Municipal
			 securities rulemaking board or any other board or entity which succeeds to the
			 functions currently delegated to the municipal securities rulemaking board by
			 the Rule 15c2-12 under the Securities Exchange Act of 1934.
(11)
									Official
			 statement means the offering document, whether by that name or any other name,
			 prepared by the issuer and distributed in connection with the sale and issuance
			 of certain debt offerings of the issuer.
(12)
									Operating data
			 means the issuer's operating data disclosed pursuant to its disclosure
			 certificates, and which consists of certain information contained in the
			 offering document distributed in connection with the issuance of the issuer's
			 obligations.
(13)
									Rule 15c2-12 under the Securities Exchange Act of
			 1934.
(14)
									United States securities and exchange commission and
			 any successor federal agency having jurisdiction over the purchase, sale and
			 offering by broker-dealers of securities such as those issued by the
			 issuer.