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FINANCIAL MANAGEMENT <br />7585 <br />Page 1 of 4 <br />POST - ISSUANCE COMPLIANCE PROCEDURES FOR TAX- EXEMPT BONDS <br />The purpose of these Post Issuance Tax Compliance Procedures for Tax - Exempt <br />Bonds is to establish policies and procedures in connection with tax exempt bonds (the <br />"Bonds ") issued by Joint School District No. 93, Bonneville and Bingham Counties, <br />State of Idaho (the "Issuer") so as to ensure that the Issuer complies with all applicable <br />post issuance requirements of Section 148 of the Internal Revenue Code (the "Code ") <br />needed to preserve the tax exempt status of such tax-exempt Bonds. <br />Guidelines <br />Responsibility <br />Ultimate responsibility for all matters relating to Issuer financings and refinancings rests <br />with the Chief Financial /Operations Officer of the Issuer (hereinafter, the <br />"Administrator"). <br />Post - Issuance Compliance Requirements <br />1. External Advisors /Documentation <br />a. The Administrator and other appropriate Issuer personnel and /or board members <br />shall consult with bond counsel and other legal counsel and advisors, as needed, <br />throughout the bond issuance process to identify requirements and to establish <br />procedures necessary or appropriate so that the Bonds will continue to qualify for <br />the appropriate tax status. Those requirements and procedures shall be <br />documented in the Issuer resolution(s), tax certificate(s) and /or other documents <br />finalized at or before issuance of Bonds. Those requirements and procedures <br />shall include future compliance with applicable arbitrage rebate requirements and <br />all other applicable post- issuance requirements of the Code throughout (and in <br />some cases beyond) the term of the Bonds. <br />b. The Administrator and other appropriate Issuer personnel and /or board members <br />also shall consult with bond counsel and other legal counsel and advisors, as <br />needed, following issuance of Bonds to ensure that all applicable post- issuance <br />requirements in fact are met. This shall include, without limitation, consultation in <br />connection with future contracts with respect to the use of bond - financed assets <br />and future contracts with respect to output or throughput of bond - financed <br />assets. <br />c. Whenever necessary or appropriate, the Issuer shall engage expert advisors <br />(each a "Rebate Service Provider ") to assist in the calculation of arbitrage rebate <br />payable in respect of the investment of bond proceeds. <br />Bonneville Joint School District No. 93 <br />