Harvard Community Unit School District No. 50
- Issue Currency: *****
- Announcement Date: 14-Aug-2018
- News: Harvard Community Unit School District No. 50, McHenry and Boone Counties, Illinois (the ""District""), pursuant to issuing its General Obligation School Refunding Bonds, Series 2015 and General Obligation Refunding School Bonds, Series 2016 (collectively, the ""Bonds""), entered into applicable prior undertakings (each, an ""Applicable Prior Undertaking"") to disseminate its audited financial statements and certain annual financial information (together, the ""Annual Report"") with respect to the Bonds as required by Rule 15c2-12 of the Securities Exchange Act of 1934 (the ""Rule""). Pursuant to each Applicable Prior Undertaking, the District covenanted to file its Annual Report within 210 days of the District`s fiscal year end (currently, June 30) through the Electronic Municipal Market Access system (""EMMA"") established by the Municipal Securities Rulemaking Board in accordance with the Rule. The District failed to include certain annual financial information in its Annual Report for fiscal year 2017 pursuant to each Applicable Prior Undertaking with respect to the 13 nds. The c mpleted Annual Rcp rt f r fiscal year 2017 has since been filed n EMMA. The District`s failure to comply under each Applicable Prior Undertaking does not constitute a default under the bond ordinances for the Bonds. The District has put procedures in place to ensure timely compliance with all of its continuing disclosure undertakings.