Disclosure Guidance for Issuers of Municipal Bonds Insured by AG

Issuers of securities insured by Assured Guaranty Inc. (AG) are expected to provide to the Assured Guaranty surveillance department annual information including audits, operational data and demographic information, as required by SEC Rule 15c2-12 and according to the bond documents. Certain obligors may be required by the bond documents to provide more frequent reports or additional data.

Please note that bond insurance policies originally written by Assured Guaranty Municipal Corp. are obligations of AG as a result of merger. References below to AG policies include policies issued under these other names.Please note that bond insurance policies originally written by Assured Guaranty Municipal Corp. are obligations of AG as a result of merger. References below to AG policies include policies issued under these other names.

Please select the appropriate link from the list of bond types at the right for specific instructions about providing disclosure information to Assured Guaranty. If you have questions, you may call the person identified in the appropriate bond type section. If your bonds do not fit any of these types, please contact Karen Hofstein at khofstein@agltd.com or call 212.339.3419.

Tax-Backed and Lease Bonds

Generally, if the required information is provided to a NRMSIR or on a website and Assured Guaranty can access the information, then the obligor may satisfy the information requirements by providing us with the link to the information website.

Alternatively, the obligor may deliver the information by e-mail at munidisclosure@agltd.com. Please include the Policy Number in the subject line of the e-mail. If you have any questions, please contact Linda Ebrahim at LEbrahim@agltd.com or call 212.339.0882.

If the information cannot be delivered through e-mail, please mail it to the appropriate address below.

Assured Guaranty - Municipal Surveillance (muni tax)

1633 Broadway

New York, NY 10019

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Tax Allocation Special Assessment, Sales Tax and Income Tax 

Please e-mail your disclosure information to munidisclosure@agltd.com.

The information should include, at a minimum:

• the annual audit
• property value data: assessed valuation of developed and undeveloped property
• tax collections: amounts of special tax levied and actual collections, including special taxes received under the County's Teeter Plan

Please include the Policy Number in the subject line of the e-mail. If you have any questions, please contact Karen Hofstein at khofstein@agltd.com or 212.339.3419.

If the information cannot be delivered through e-mail, please mail it to the appropriate address below.

Assured Guaranty - Municipal Surveillance (special tax)

1633 Broadway

New York, NY 10019

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Water and Sewer Bonds

Generally, if the required information is provided to a NRMSIR or on a website and Assured Guaranty can access the information, then the obligor may satisfy the information requirements by providing us with the link to the information website.

Alternatively, the obligor may deliver the information  by e-mail at munidisclosure@agltd.com. Please include the Policy Number in the subject line of the e-mail. If you have any questions, please contact Barbara Boulle at bboulle@agltd.com or call 212.339.3504.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (water and sewer)

1633 Broadway

New York, NY 10019

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Public Power Bonds

Please e-mail your disclosure information to munidisclosure@agltd.com.

The information should include, at a minimum:

• the annual audit
• operational and other data as requested on the appropriate reporting form available here in Excel or PDF format.  Please save the completed Excel form to your computer and attach it to the e-mail, or print and deliver the completed form to Assured Guaranty. The Excel file contains two worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.

Please include the Policy Number in the subject line of the e-mail. If you have any questions, please contact Barbara Boullé at bboulle@agltd.com or call 212.339.3504.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (muni electric)

1633 Broadway

New York, NY 10019

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Gas & Electric Bonds

Please e-mail your disclosure information to munidisclosure@agltd.com.

The information should include, at a minimum:

• the annual audit
• operational and other data as requested on the appropriate reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the e-mail, or print and deliver the completed form to Assured Guaranty. The Excel file contains two worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.

Please include the Policy Number in the subject line of the e-mail. If you have any questions, please contact Barbara Boullé at bboulle@agltd.com or call 212.339.3504.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (muni electric)

1633 Broadway

New York, NY 10019

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Resource Recovery Bonds

Please e-mail your disclosure information to munidisclosure@agltd.com.

The information should include, at a minimum:

• the annual audit
• 3 year history of tonnage processed
• Rate increase history
• commercial and residential revenues individually as a percentage of total resource recovery revenues

Please include the Policy Number in the subject line of the e-mail.
If you have any questions, please contact Barbara Boullé at bboulle@agltd.com or call 212.339.3504.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (resource recovery)

1633 Broadway

New York, NY 10019

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Airports

Please e-mail your disclosure information to munidisclosure@agltd.com.

The information should include, at a minimum:

• the annual audit
• operational and other data as requested on the appropriate reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the e-mail, or print and deliver the completed form to Assured Guaranty. The Excel file contains two worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.
• Officer's Certification/Covenant Compliance Certificates

Please include the Policy Number in the subject line of the e-mail. If you have any questions, please contact Valery Marfitsin at vmarfitsin@agltd.com or call 212.339.3531.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (transportation)

1633 Broadway

New York, NY 10019

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Port, Mass Transit Fare Box, Parking Garage, Toll Road and Bridges

Please e-mail your disclosure information to munidisclosure@agltd.com.

The information should include, at a minimum:

• the annual audit
• operational and other data as requested on the appropriate reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the e-mail, or print and deliver the completed form to Assured Guaranty. The Excel file contains three worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.
• Officer's Certification/Covenant Compliance Certificates

Please include the AG Policy Number in the subject line of the e-mail. If you have any questions, please contact Valery Marfitsin at vmarfitsin@agltd.com or call 212.339.3531.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (transportation)

1633 Broadway

New York, NY 10019

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Healthcare

Please e-mail your disclosure information to munihealth@agltd.com.

The information should include, at a minimum:

• the annual audit
• operational and other data as requested on the appropriate reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the e-mail, or print and deliver the completed form to Assured Guaranty. The Excel file contains two worksheets. Use the tabs at the bottom of the Excel window to switch between sheets.
• Officer's Certification/Covenant Compliance Certificates

Please include the AG Policy Number in the subject line of the e-mail. If you have any questions, please contact Victor Chu at vchu@agltd.com or call 212.339.3528.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (healthcare)

1633 Broadway

New York, NY 10019

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Housing Bonds

Please deliver your disclosure information to munidisclosure@agltd.com.

The information should include, at a minimum:

• The annual audit for the Authority/Agency:
• For the specific "program" related to AG insured Bonds; and
• For the overall Authority/Agency
• Other data related to a single Master Indenture/Resolution for the Bonds insured by AG, for each program, should be reported on the appropriate reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the e-mail, or print and deliver to Assured Guaranty.
• Single Family in Excel or PDF format
• Multi-Family or Multi-Purpose (combined single family and multi-family) in Excel or PDF format
• FHA-Insured or HUD Guaranteed in Excel or PDF format
• Officer's Certification/Covenant Compliance Certificates, if required

Please include the AG Policy Number in the subject line of the e-mail. If you have any questions, please contact Geoff Durno at gdurno@agltd.com or call 212.339.3527.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (housing)

1633 Broadway

New York, NY 10019

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Private University and Other Private School Bonds

Please e-mail your disclosure information to munidisclosure@agltd.com.

The information should include, at a minimum:

• the annual audit
• operational and other data as requested on the appropriate reporting form available here. Please save the completed Excel form to your computer and attach it to the e-mail, or print and deliver the completed form to Assured Guaranty.

• Private Colleges and Universities in Excel or PDF format
• Private/Independent Primary and Secondary Schools in Excel or PDF format
• Officer's Certification/Covenant Compliance Certificates

Please include the AG Policy Number in the subject line of the e-mail. If you have any questions, please contact Victor Chu at vchu@agltd.com or call 212.339.3528.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (education)

1633 Broadway

New York, NY 10019

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Public University Bonds

Please e-mail your disclosure information to munidisclosure@agltd.com.

The information should include, at a minimum:

• the annual audit
• operational and other data as requested on the reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the e-mail, or print and deliver the completed form to Assured Guaranty.
• Officer's Certification/Covenant Compliance Certificates

Please include the AG Policy Number in the subject line of the e-mail. If you have any questions, please contact Victor Chu at vchu@agltd.com or call 212.339.3528.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (education)

1633 Broadway

New York, NY 10019

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Student Loan Bonds

Please e-mail your disclosure information to munidisclosure@agltd.com.

The information should include, at a minimum:

• the annual audit
• other data as requested on the reporting form available here in Excel or PDF format. Please save the completed Excel form to your computer and attach it to the e-mail, or print and deliver the completed form to Assured Guaranty.
• Officer's Certification/Covenant Compliance Certificates, if required

Please include the AG Policy Number in the subject line of the e-mail. If you have any questions, please contact Geoff Durno at gdurno@agltd.com or call 212.339.3527.

If the information cannot be delivered through e-mail, please mail it to:

Assured Guaranty - Municipal Surveillance (student loan)

1633 Broadway

New York, NY 10019