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Bridge Creek resolution includes SEC Rule 15c2‑12 continuing disclosure obligations
Summary
The board's bond resolution requires preparation of a Preliminary Official Statement and ongoing filings to MSRB EMMA; the district must file annual financial/operating information within ten months of fiscal year-end and report certain events within 10 business days.
As part of its Jan. 14 resolution, the Bridge Creek Board of Education directed the district to comply with SEC Rule 15c2‑12 disclosure obligations for the 2026 bond issue. The resolution notes a Preliminary Official Statement dated Dec. 29, 2025, and obligates the district to submit annual financial and operating information to the Municipal Securities Rulemaking Board's EMMA system not later than ten months following the end of the fiscal year, and to provide notice of specified events within 10 business days.
The resolution also authorizes the district's Continuing Disclosure Certificate describing the specific data and events covered. The board's action places the continuing disclosure duties on the district and informs purchasers that certain offering terms were treated as "Permitted Omissions" in the Preliminary Official Statement.
