13.33 Bonds – Post Issuance Continuing Disclosures

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Scope: NMSU System

Source: RPM Title 13 | Financial Resource Management Uncategorized

Policy Administrator:

Last Updated: 05/11/2018



Revision History:

05/11/2018 Policy adopted by Board of Regents

A. Purpose

The Regents of New Mexico State University (the “Issuer” or “Board of Regents”) incurs debt in the form of bonds and loans from time to time for the purpose of financing public projects and to refinance debt previously issued by the Board of Regents.  To ensure compliance with the requirements of federal securities laws, including Rule 15c2-12 promulgated by the Securities and Exchange Commission, the Board of Regents directs the adoption and implementation of post-issuance continuing disclosure compliance procedures (the “Continuing Disclosure Procedures”).


B. Policy Statements

  1. Adoption and Approval of Continuing Disclosure Procedures: The administration is directed to adopt Continuing Disclosure Procedures as determined necessary to comply with the requirements of federal securities law.
  2. Appointment of Compliance Officer: The Board of Regents designates the Senior Vice President for Administration and Finance to serve as the Post-Issuance Bond Compliance Officer (“Bond Compliance Officer”) for purposes of the Continuing Disclosure Procedures.
  3. Authority of Bond Compliance Officer: The Bond Compliance Officer is hereby authorized, empowered and directed to take action necessary and reasonable to effectuate this policy and the provisions of the Continuing Disclosure Procedures to be promulgated as part of the Administrative Rules and Procedures of NMSU. This authorization includes, but is not limited to, the execution of documents and delivery of certificates and other documents, as may be necessary or desirable to effect the actions contemplated by this policy and the Continuing Disclosure Procedures.