Page 76 - Burleson FY22 City Budget

ATTACHMENT E - SECURITIES LAW COMPLIANCE AND DISCLOSURE POLICY©

"Disclosure Officer(s)" means the Issuer's Director of Finance, or, if the position of Director of Finance is vacant, the person(s)
filling the responsibilities of the City Manager or Assistant City Manager for the Issuer.

"EMMA" means the Electronic Municipal Market Access system, the prescribed electronic format for disclosures established and
maintained by the MSRB, which can be accessed at www.emma.msrb.org.
"Event 15" means the event set forth in Section 5.02(a) of this Policy.
"Event 16" means the event set forth in Section 5.03(a) of this Policy.

"Event Notices" means all event notices required by Rule 15c2-12.
"Financial Obligation" means: (i) a Debt Obligation; (ii) a derivative instrument entered into in connection with, or pledged as security
or a source of payment for, an existing or planned Debt Obligation; or (iii) a guarantee of (i) or (ii). The term Financial Obligation
shall not include Municipal Securities as to which a final official statement has been provided to the MSRB consistent with Rule
15c2-12.
"GASB" means the Governmental Accounting Standards Board.

"IRS" means the Internal Revenue Service.
"Issuer" means the City of Burleson, Texas.
"Material" has the meaning given in Section 3.02(f) of this Policy.
"MSRB" means the Municipal Securities Rulemaking Board, or any successor repository designated as such by the SEC in
accordance with Rule 15c2-12(b)(5) promulgated by the SEC under the Securities Exchange Act of 1934, as the same may be
amended from time to time.
"Municipal Securities" means securities which are direct obligations of, or obligations guaranteed as to principal or interest by, a
State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any
municipal corporate instrumentality of one or more States and any other Municipal Securities described by Section 3(a)(29) of the
Securities Exchange Act of 1934, as the same may be amended from time to time.

"Obligated Person" means any person, including an issuer of Municipal Securities, who is either generally or through an enterprise,
fund, or account of such person committed by contract or other arrangement to support payment of all or part of the obligations on
the Municipal Securities to be sold in the Offering (other than providers of municipal bond insurance, letters of credit, or other
liquidity facilities); furthermore, for purposes of this Policy, the Issuer is an Obligated Person.
"Offering" means a primary offering of Municipal Securities with an aggregate principal amount of $1,000,000 or more.
"Offering Document" means any preliminary or final official statement, private placement memorandum or limited offering
memorandum, or other similar instrument prepared in connection with the sale, issuance and delivery of an Offering.
"Rule 15c2-12" means SEC Rule 15c2-12, governing the obligations of dealers regarding Municipal Securities under the Securities
Exchange Act of 1934, as amended from time to time, which is available at https://www.gpo.gov/fdsys/pkg/CFR-2013-title17-
vol3/pdf/CFR-2013-title17-vol3-sec240-15c2-12.pdf.
"SEC" means the United States Securities and Exchange Commission.
"SEC Municipal Markets Report" means the Report on the Municipal Securities Market of the SEC, dated July 31, 2012, available
at https://www.sec.gov/news/studies/ 2012/munireport073112.pdf.

"Terms Affecting Security Holders" means a Material agreement to covenants, events of default, remedies, priority rights, or other
similar terms of a Financial Obligation of the Issuer that affects security holders.
"U.S. Bankruptcy Code" means Title 9 of the United States Code, as amended from time to time, and any successor to or
replacement of such Title and any other applicable federal bankruptcy, insolvency or similar law.

ARTICLE III
DISCLOSURE OFFICER; RECORD RETENTION; TRAINING

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