53-25-4: TAX REQUIREMENTS ASSOCIATED WITH SALE AND ISSUANCE OF BONDS:
Review and retention of tax documents related to the sale and issuance of bonds will be generally supervised by the Oversight Officer.
   A.   Issue Price: The "issue price", as defined in the Internal Revenue Code of 1986, as amended (the "Code"), of the bonds will be documented at the time of issuance. Certifications of an underwriter, placement agent or purchaser and a final numbers package (if applicable) will establish "issue price" and will be reviewed and included in the bond transcript or other records maintained for the bond issue.
   B.   Weighted Average Maturity: The weighted average maturity (taking into account the various issue prices of the maturities of the bonds) will be documented at the time of issuance.
   C.   Economic Life Of Financed Assets: An estimated average economic life of the expected bond financed assets will be documented at the time of issuance.
   D.   Information Reporting: Form 8038-G will be reviewed and filed not later than the fifteenth day of the second calendar month following the quarter in which the bonds were issued. Filing of the Form 8038-G will be confirmed with bond counsel. (2019 Compilation)