10A Action 2008 0602 Attach - Official Notice of Sale

Home

persons or organizations acting in the capacity of underwriters or wholesalers. Said certification of Initial Offering Prices will be included in a certificate to be executed by the successful bidder as of the date of execution and delivery of the Bonds (the "Underwriter's Certificate"). Further, the successful bidder, by submitting its bid, agrees that (i) on or prior to the date of execution and delivery of the Bonds, it will actually offer one hundred percent (100%) of each maturity of the Bonds to the general public in a bona fide public offering for prices equal to or less than the Initial Offering Prices; and (ii) as of the date of execution and delivery of the Bonds, it will make the following representations and certifications in the Underwriter's Certificate (the form of which is attached hereto as Exhibit A): (A) that, as of the Sale Date, the successful bidder, taking into account market conditions, had no reason to believe any of the Bonds would be initially sold to the general public at prices greater than the Initial Offering Prices, (B) that, as of the Sale Date, other than specifically identified maturities of the Bonds, at least ten percent (10%) of each maturity of the Bonds was initially sold to the general public for the respective Initial Offering Prices, and (C) that, in the opinion of the successful bidder, the Initial Offering Prices do not exceed the fair market value of said maturities of the Bonds to the general public as of the Sale Date. CALIFORNIA DEBT AND INVESTMENT ADVISORY COMMISSION; The Agency has duly notified the California Debt and Investment Advisory Commission of the proposed sale of the Bonds. Payment of all fees, to the California Debt and Investment Advisory Commission in connection with the execution, sale and delivery of the Bonds shall be the responsibility of the successful bidder, and not of the Agency. NO LITIGATION; There is no litigation pending concerning the validity of the Bonds, the existence of the Agency or the entitlement of the officers thereof to their respective offices, and the successful bidder will be furnished a no-litigation certificate certifying to the foregoing as of and at the time of delivery of the Bonds. CUSIP NUMBERS: It is anticipated that CUSIP numbers will be printed on the Bonds, but neither the failure to print such numbers on any Bonds nor any error with respect thereto shall constitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for the Bonds in accordance with the terms hereof. All expenses in relation to the printing of CUSIP numbers on the Bonds shall be paid for by the Agency; provided, however, that the CUSIP Service Bureau charge for the assignment of said numbers shall be the responsibility of and shall be paid for by the purchaser. OFFICIAL STATEMENT. The Agency will approve an Official Statement relating to the Bonds. Copies of a preliminary Official Statement will be distributed to the Bidder prior to the sale in a form "deemed final" by the Agency for purposes of Rule 15c2-12 under the Securities Exchange Act of 1934 (the "Rule") and approved for distribution by resolution of the Agency. Within seven business days from the sale date, the Agency will deliver to the purchaser not to exceed 200 copies of the final Official Statement, executed by an authorized representative of the Agency and dated the date of delivery thereof to the purchaser, in sufficient number to allow the purchaser to comply with paragraph (b)(4) of the Rule and to satisfy the Municipal Securities Rulemaking Board (the "MSRB") Rule G-32 or any other rules adopted by the MSRB, which shall include information permitted to be omitted by paragraph (b)(1) of the Rule and such other amendments or supplements as shall have been approved by the Agency (the "Final Official -7-