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<br />year, if available, prepared in accordance with Section 159-34 of the General Statutes of North <br /> <br />Carolina, as it may be amended from time to time, or any successor statute, or, if such audited <br /> <br />financial statements of the County are not available by seven months from the end of such fiscal <br /> <br />year, unaudited financial statements of the County for such fiscal year to be replaced <br /> <br />subsequently by audited financial statements of the County to be delivered within 15 days after <br /> <br />such audited financial statements become available for distribution; <br /> <br />(b) by not later than seven months from the end of each fiscal year of the County, <br /> <br />commencing with the fiscal year ending June 30,2005, to each NRMSIR, and to the SID, if any, <br /> <br />(i) the financial and statistical data as of a date not earlier than the end of the preceding fiscal <br /> <br />year for the type of information included under the heading "The County - Debt Information and <br /> <br />- Tax Information" in the Official Statement relating to the Bonds (excluding any information on <br /> <br />overlapping or underlying units) and (ii) the combined budget of the County for the current fiscal <br /> <br />'year, to the extent such items are not included in the financial statements referred to in (a) above; <br /> <br />(c) in a timely manner, to each NRMSIR or to the Municipal Securities Rulemaking <br />Board ("MSRB"), and to the SID, if any, notice of any of the following events with respect to the <br />Bonds, if material: <br /> <br />(1) <br />(2) <br />(3) <br /> <br />(4) <br /> <br />(5) <br />(6) <br /> <br />(7) <br /> <br />principal and interest payment delinquencies; <br />non-payment related defaults; <br />unscheduled draws on debt service reserves reflecting' financial <br />difficulties; <br />unscheduled draws on any credit enhancements reflecting financial <br />difficulties; <br />substitution of any credit or liquidity providers, or their failure to perform; <br />I <br />adverse tax opinions or events affecting the tax-exempt status of the <br /> <br />Bonds; <br /> <br />modification to the rights of the beneficial owners of the Bonds; <br />22 <br /> <br />Q..4- <br />