Directions:
to make a selection, double click check box, change “default
value” to “checked”
Prior
to settlement, were all necessary actions done to register the
Program Bonds with DTC?
Yes No
On
settlement date, were Program Bond amounts equal to or less than
the allocation amount given by Treasury?
Yes No
Are
Escrowed Proceeds being invested in government or agency
securities? (Global Escrow applies)
Yes No
Are
Escrowed Proceeds being invested in the highest ST rating
category (A-1/P-1)? (Global Escrow applies)
Yes No
Do
Escrowed Proceeds have a maturity date of one year or less?
Yes No
Between
the Settlement Date and the First Available Issue Date, were all
escrow moneys invested in overnight repos?
Yes No
On
the first available issue date, were all escrow moneys invested
in 4-week T-Bills or the Global Escrow?
Yes No
Was
the adjustment of interest on Program Bonds from taxable status
to tax-exempt status accomplished through a refunding or
remarketing of the bonds?
Yes No
N/A
Are
there any pending litigations or other proceedings against the
HFA?
Yes No
If
you have issued any taxable bonds, will they be converted to
tax-exempt status in 2010?
Yes No
N/A
Is
your allocation being used for the acquiring or financing of
tax-exempt SF/MF/BCE loans?
Yes No
If
your allocation is being used to refund any variable rate debt
issued and outstanding before 10/19/09, is the refunding amount
under the limit of 30% of Program Bond Proceeds?
Yes No
N/A
Do
Program Bonds have a credit rating of Baa3/BBB- or better?
Yes No
Are
Program Bonds set to mature on a date that is between 10 and 32
years from the pre-settlement date?
Yes No
Are
Program Bonds and Serial Bonds being issued to the required
60%:40% ratio (only applicable for HFAs with a SF allocation >
$25 mm)?
Yes No
N/A
If
the Serial Bond Ratio Requirement was ever not satisfied when
Program Bonds were issued, were Escrowed Proceeds set aside with
the trustee, pending the issuance of Serial Bonds?
Yes No
N/A
When
a Serial Bond has been issued on Reset Date, was a certificate
of Serial Bond issuance and calculation of the Serial Bond Ratio
Requirement sent to the trustee and the GSEs?
Yes No
N/A
On
or before the date which is 14 days prior to the Permanent Rate
Calculation Date, did the HFA give notification of:
Release
Date
Yes No
Conversion
Date
Yes No
Principal
amount of Pre-Conversion Bonds to be converted on such
Conversion Date
Yes No
Permanent
Rate Calculation Date
Yes No
Bond
Rating
Yes No
On
the Permanent Rate Calculation Date, was the executed Bond
Purchase Agreement delivered to the Trustee?
Yes No
Were
the following delivered to the Trustee on or prior to Release
Date:
Certification
of permanent rate advisor specifying the Permanent Rate
Calculation Date, the 4-week T-Bill rate, Spread, and Permanent
Rate
Yes No
Official
Statements for Program Bonds and Market Bonds (when applicable)
Yes No
Counsel
Opinion and Certificate of an authorized HFA officer that the
Official Statement for Program Bonds does not contain any untrue
statements or omissions of material fact
Yes No
Confirmation
by Rating Agencies of bond rating
Yes No
Bond
Counsel Opinion that Program Bonds have been duly and validly
issued and that interest payable on such bonds is exempt from
federal income taxation
Yes No
Net
proceeds of Market Bonds, which shall be not less than
two-thirds of the principal amount of Program Bonds being
converted
Yes No
N/A
Market
Bond Ratio Requirement Compliance Certificate
Yes No
N/A
Certificate
of the GSEs of their consent to the Release Date and that the
HFA has paid or will pay the fees of the GSEs’ counsel
Yes No
Was
written consent by the GSEs received for entering into any hedge
for bond issuance?
Yes No
Were
any swap termination fees made payable on a basis senior to or
on parity with Program Bonds?
Yes No
Were
principal pre-/payments of any loans financed with Program Bond
proceeds recycled into new mortgage loans?
Yes No
Two
months after release, has the Variable Rate converted to the
Fixed Rate, plus the Spread?
Yes No
N/A
Were
Program Bonds redeemed at minimum denominations of $10,000 and
integral multiples of $10,000?
Yes No
Were
there any lock-out provisions or premiums for the tender or
redemption of Eligible Bonds?
Yes No
Was
the tender or redemption price adjusted for an unamortized
premium or discount?
Yes No
Are
there any new bonds issued on a variable rate demand, adjustable
rate, or auction rate basis under the same indenture as the
Program?
Yes No
Notification
Supplement:
If
you answer yes to any of the following questions, please supply all
relevant documents with the quarterly surveillance report.
Quarterly
Required Notices:
Have
there been any changes in financial or investment policies?
Yes No
Have
there been any changes in counterparties, material changes in
exposures or ratings of counterparties (including, but not
limited to, GIC providers, LOC providers and swap providers)?
Yes No
Have
there been any changes in counterparty exposures including
derivative contracts and investment agreements?
Yes No
Have
there been any changes to the Complete Indenture?
Yes No
Has
a trustee trial balance, or trail balance certified by the
issuer, been created setting forth a description in reasonable
detail the amounts held in the revenue fund and other accounts
under the Complete Indenture?
Yes No
Upon
Occurrence Required Notices:
Have
there been any extraordinary payments or transfers of funds from
the Complete Indenture?
Yes No
Have
there been any rating reports or other rating actions which were
received by the HFA, relative to the HFA, the Program Bonds or
any other bonds issued under the Complete Indenture?
Yes No
Has
there been a notice by the HFA of the occurrence of any default
or event of default under any HFA Initiative document, and the
details thereof as well as the action(s) to be taken with respect
to any such default or event of default?
Yes No
Has
there been notice by the HFA of the occurrence of any default or
event of default by any counterparty under a Related Document,
and the details thereof as well as the action(s) to be taken with
respect to any such default or event of default?
Yes No
Have
there been notices of resignation by or removal of the HFA
Trustee, the Remarketing Agent or the Tender Agent, received or
given by the HFA?
Yes No
Have
there been event filings that would be required to be immediately
filed if Rule 15c2-12 were applicable to the Program Bonds or any
other bonds under the Complete Indenture?
Yes No
Have
there been any requests for information concerning any of the
program documents provided to the HFA Trustee?
Yes No
Have
there been any disclosure documents distributed in connection
with any public issuance of indebtedness of the HFA payable from
the revenues under the Complete Indenture?
Yes No
Have
there been any failed remarketings of variable rate bonds?
Yes No
Have
there been any unscheduled draws on debt service reserves?
Yes No
Have
there been any unscheduled draws on credit enhancements?
Yes No
Have
there been any modifications to rights of security holders?
Yes No
Have
there been any bond calls?
Yes No
Have
there been any defeasances?
Yes No
Have
there been any releases, substitutions or sales of property
securing repayment of Program Bonds?
Yes No
Have
there been any loan monetary or non-monetary defaults
(multifamily only)?
Yes No
Completed
by:
__________________________
Title:
__________________________
HFA:
__________________________
Date:
_________
An
agency may not conduct or sponsor, and the public is not required to
respond to, a collection of information if it does not display a
currently approved OMB control number. The control number for this
collection is 1505-0224.