Rule 15c2-12 Disclosure

Transcription

1 Issuer: Sunshine State Governmental Financing Commission Municipal Secondary Market Disclosure Municipal Securies Rulemaking Board Electronic Municipal Market Access 1300 I Street NW, Suite 1000 Washington, DC (Electronic Filing Only) Bond Issues: Private Placement & Publicly Offered Revenue Bonds, Series 2016A and Series 2016B, Coral Gables Program Callable Commercial Paper Revenue Notes, Series H, Orlando Program Multimodal Revenue Bonds, Series 2010A-B, Series 2010A-1&B-1, Series 2011A, Series 2011B-C, Series 2011B-1&C-1, Miami-Dade County Program Issuer's Filing Reference Number: Filing Date: May 19, 2018 Information Available on Issuer's Web Site at Issuer Contact Information: Richard C. Dowdy, Program Administrator Sunshine State Governmental Financing Commission 2308 Tour Eiffel Drive Tallahassee, FL (850) ssgfc@embarqmail.com Borrower/Obligor Contact Information: Not Applicable FINANCIAL/OPERATING DATA DISCLOSURES Includes annual financial information under SEC Rule 15c2-12(b)(5)(i)(A) and (d)(2)(ii)(a), audited financial statements under Rule 15c2-12(b)(5)(i)(B), notice of failure to provide annual financial information under Rule 15c2-12(b)(5)(i)(D), and other financial or operating information. Rule 15c2-12 Disclosure Annual Financial Information and Operating Data (Rule 15c2-12) Audited Financial Statements or CAFR (Rule 15c2-12) X Failure to Provide Annual Financial Information as Required [Technical Error Resulting in Issuer's Failure to Timely File Annual Report for the Period Ended September 30, 2015] Additional / Voluntary Disclosure Quarterly / Monthly Financial Information Change in Fiscal Year / Timing of Annual Disclosure Change in Accounting Standard Interim / Additional Financial Information / Operating Data Budget Investment / Debt / Financial Policy Information Provided to Rating Agency, Credit / Liquidity Provider or Other Third Party Consultant Reports Other Financial / Operating Data

2 EVENT FILING Document Dated: Notice of a event specified under SEC Rule 15c2-12(b)(5)(C) and (d)(2)(ii)(b), and any other voluntary notice or disclosure with respect to municipal securities. Rule 15c2-12 Disclosure Principal / Interest Payment Delinquency Non-payment Related Default Unscheduled Draw on Debt Service Reserve Reflecting Financial Difficulties Unscheduled Draw on Credit Enhancement Reflecting Financial Difficulties Substitution of Credit or Liquidity Provider, or Its Failure to Perform Adverse Tax Opinion or Event Affecting the Tax-exempt Status of the Security Modification to the Rights of Security Holders Bond Call Defeasance Release, Substitution or Sale of Property Securing Repayment of the Security Rating Change Failure to Provide Event Filing Information as Required Tender Offer / Secondary Market Purchases Merger / Consolidation / Acquisition and Sale of All or Substantially All Assets Bankruptcy, Insolvency, Receivership or Similar Event Successor, Additional or Change in Trustee Additional / Voluntary Disclosure Amendment to Continue Disclosure Undertaking Change in Obligated Person Notice to Investor Pursuant to Bond Documents Communication From the Internal Revenue Service Bid For Auction Rate or Other Securities Capital or Other Financing Plan Litigation / Enforcement Action Change of Tender Agent, Remarketing Agent or Other On-going Party

3 Additional / Voluntary Disclosure, continued Derivative or Other Similar Transaction Other Event-based Disclosures Description: Associate Issues/Securities to the Disclosure CUSIP LISTING Coral Gables Program Orlando Program Miami-Dade County Program Private Placement Bonds Series H Series 2010A Series 2010B Series 2011A Series 2011B Series 2011C No CUSIPs 86802PBB DL DQ EE EN EQ0 Series 2016A Series 2016B 83802SAV6 Series 2010A-1 Series 2010B EF4 Series 2011B-1 Series 2011C BAA BAW EV FQ EG GG GT BAB BAX FJ FR DS GH GU BAC BAY EW FS EK GJ GV BAD BAZ FK FT DT GK GW BAE BBA EX FU EL GL GX BAF BBB FL FV DU GM GY BAG BBC EY FW DV GN GZ BAH BBD FM FX DW GP HA BAJ BBE EZ FZ DX GQ HB BAK BBF FN GC DY GR HC BAL BBG FA GA DZ GS HD BAM BBH FB FA BAN BBJ FC BAP BBK FD BAQ BBL FE BAR BBM FF BAS BBN FG BAT BBP BAU BBQ BAV BBR2 Continuing Disclosure PDF Document Name: Continuing Disclosure Filing No Total Number of PDF Pages including cover pages: 7 Pages Submitter's Contact Information: Richard C. Dowdy, Disclosure/Dissemination Agent For the Program Administrator - The GAMS Group, Inc Tour Eiffel Drive Tallahassee, FL (850) gamsgrp@embarqmail.com

4 CERTIFICATE OF COMPLIANCE SUNSHINE STATE GOVERNMENTAL FINANCING COMMISSION This Compliance Certificate is given pursuant to the continuing disclosure policies of the Sunshine State Governmental Financing Commission (the Issuer ) originally adopted March 22, 2002 and subsequently amended, for its Governmental Financing Program (collectively, the Coral Gables Program, the Miami-Dade County Program, and the Orlando Program) and is executed and delivered in connection therewith by the Program Administrator of the Sunshine State Governmental Financing Commission as the duly authorized Dissemination Agent for the Issuer. The following informational items have been submitted electronically to the Municipal Securities Rulemaking Board s Electronic Municipal Market Access (EMMA) repository and are available on the Issuer s web site at under the investor relations continuing disclosure section. Enclosed Submission Item Cover Page Secondary Market Disclosure Sunshine State Governmental Financing Commission; Private Placement Revenue Bonds, Series 2011C, Series 2012, Series 2013A, Series 2013B, Series 2014, Series 2015B, Series 2016A, Series 2016B (Coral Gables Program); Callable Commercial Paper Revenue Notes, Series H (Orlando Program); Multimodal Revenue Bonds, Series 2010A&B, Series 2010A-1, Series 2010B-1, Series 2011A, Series 2011B-1&C-1 (Miami-Dade County Program) Exhibit A Notice of Failure to Timely File Annual Report for the Period Ended September 30, 2015 I, Richard C. Dowdy, the undersigned Program Administrator and Dissemination Agent of the Sunshine State Governmental Financing Commission, DO HEREBY CERTIFY that the information referenced above including the attached exhibits, is hereby electronically submitted to the Municipal Securities Rulemaking Board s Electronic Municipal Market Access (EMMA) repository and other interested parties on May 19, 2018, as referenced in Exhibit B, attached to this Certificate IN WITNESS WHEREOF, I have hereunto set my hand and the Commission s seal this 19 th day of May, SUNSHINE STATE GOVERNMENTAL FINANCING COMMISSION Richard C. Dowdy Dissemination Agent and Program Administrator

5 NOTICE OF FAILURE TO TIMELY FILE ANNUAL REPORT Name of Issuer: Name of Bonds: Sunshine State Governmental Financing Commission Revenue Bonds, Series 2011C, Series 2012, Series 2013A, Series 2013B, Series 2014, Series 2015B (Private Placements); Series 2016A, Series 2016B (Publicly Offered) (Coral Gables Program); Multimodal Revenue Bonds, Series 2010A& &B, Series 2010A-1, Series 2010B-1, County Program); Commercial Paper Revenue Notes, Series H - Tax Exempt Callable (Orlando Program) Series 2011A, Series 2011B&C, Series 2011B-1&C-1 (Miami-Dade NOTICE IS HEREBY GIVEN that a s a r esult of a technicc al submission er ror on March 21, 2 016, the Issuer did not timely file its Annual Report for the period ended September 30, 2015 with the MSRB EMMA system with respect to the above named Bonds as required b y the continuing disclosure certificates executed in connection with the above named Bonds. On March 21, 2016, the Dissemination Agent for the Issuer inadvertently submitted an incorrect file attachment for the Issuer s completed Annual Report for the period ended September 30, The error was discovered on December 12, 2016 during an underwriter s due diligence review and was immediately corrected by the Issuer. The errorr was also referenced in a filing submitted on December 12, 2016 for an Addendum to and Supplement to the Reoffering Memorandum, (dated December 17, 2013) in connection with the replacement of a credit facility for the Issuer ss Multimodal Revenuee Bonds, Series 2010A&B, (Miami-Dade County Program). This n otice is being vo luntarily filed b y the Iss suer at the requ est of the underwriter for the Improvement Revenue Bonds, Series 2018A (Coral Gables Program). Dated: May 19, 2018 SUNSHINE STATE GOVERNMENTAL FINANCING COMMISSION By: Name: Richard C. Dowdy Title: Program Administrator and Dissemination Agent

6 EXHIBIT B Municipal Securities Rulemaking Board Electronic Municipal Market Access (Electronic Filing Only) 1300 I Street NW, Suite 1000 Washington, DC Other Noticed Parties Liquidity Support Facility JPMorgan Chase Bank 270 Park Avenue, 48 th Floor New York, New York david.i.weinstein@jpmorgan.com, Credit Facility MUFG Union Bank, N.A. Nicholas Boyle<nboyle@us.mufg.jp>; Co-Remarketing Agent/Dealer Morgan Stanley & Co. Fixed Income 1560 Sawgrass Corporate Parkway, Suite 479 Sunrise, Florida james.howard@morganstanley.com Rating Agency Moody s Investors Service 99 Church Street New York, New York Gregory.lipitz@moodys.com, valentine.gomez@moodys.com, michael.loughlin@moodys.com Rating Agency Fitch Ratings One State Street Plaza New York, NY pubfinsurv@fitchratings.com Participating Borrower/Obligor Miami-Dade County 111 NW 1 st Street, Suite 2550 Miami, Florida FPH1@miamidade.gov Continued next page Corporate Trustee U.S. Bank National Association Global Corporate Trust Services janice.entsminger@usbank.com Remarketing Agent MUFG Securities Americas Inc. Leonard Miller<leonard.miller@mufgsecurities.com>; Nicole Riggs<NRiggs@us.mufg.jp>; Remarketing Agent/Dealer J.P. Morgan Securities, Inc. 383 Madison Avenue, 8 th Floor New York, New York henry.p.reyes@jpmchase.com, thomas.j.whitehouse@jpmorgan.com kyle.pulling@jpmorgan.com Rating Agency Standard & Poor s 55 Water Street New York, New York nypublicfinance@standardandpoors.com Participating Borrower/Obligor City of Coral Gables, Florida Attn: Diana Gomez, Finance Director 405 Biltmore Way Coral Gables, Florida dgomez@coralgables.com Participating Borrower/Obligor City of Orlando, Florida Attn: Finance Department 400 South Orange Avenue Orlando, FL christopher.mccullion@cityoforlando.net

7 JPMorgan Chase Bank, N.A. 420 South Orange Avenue Orlando, FL Pinnacle Public Finance, Inc E. Hartford Drive, Suite 115 Scottsdale, AZ TD Bank 255 Alhambra Circle, 2nd Floor Coral Gables, FL SunTrust Bank 8699 N.W. 36 Street Doral, FL U.S. Bancorp Government Leasing and Finance, Inc SW 68 th Parkway, Suite 100 Portland, OR Underwriter Coral Gables Program Citigroup Global Markets Inc. May 19, 2018