3 1. Were the proceeds of the Lease Agreement spent |] Yes
Arbitrage in accordance with the following schedule? (a) at [] No
& Rebate least 15% within 6 months from the Closing Date;
(b) at least 60% within 12 months from the
Closing Date; and (c) 100% within 18 months from
the Closing Date.
CL] Yes
2. Has the Issuer or the District established a fund L] No
or account to make rental payments under the
Lease Agreement or has the Issuer or the District
established a se gregated portion of investments in
an account to make rental payments under the
Lease Agreement?
Ifthe answer to question 1 above is “No,” or the answer to
question 2 above was “Yes,” contact Special Tax Counsel
to determine if an arbitrage rebate or yield restriction
calculation must be completed.
Include a description of Special Tax Counsel’s advice in
the Tax Compliance File. If an arbitrage rebate or yield
restriction calculation is prepared, include a copy of the
report in the Tax Compliance File.
By:
Compliance Officer
Date Completed:
