Post-Issuance Tax Compliance

The Governmental Unit (sometimes referred to herein as "you") certifies and acknowledges responsibility for monitoring post-issuance tax compliance with respect to the Bond Issue which provided the funds for the above-referenced loan, including, but not limited to the qualified use of such proceeds and any assets financed with such proceeds. In the event proceeds of the Bond Issue allocable to you loan and/or the assets financed with your loan are used in a manner so as to require that a "remedial action" be taken, you will consult with your bond counsel and the Vermont Bond Bank to ensure compliance with applicable federal tax law.

You are currently, and have been at all times since the Issue Date, in compliance with the terms of the Tax Certificate, including the procedures set forth in the Compliance Procedures
You have reviewed the Tax Certificate executed by you in connection with your Loan including the Municipal Post-Issuance Compliance Procedures (the "Compliance Procedures") attached thereto.
As of the date hereof, all proceeds of the loan have been spent.
You continue to own each asset financed with the proceeds of the loan and each asset is being used in the manner expected as of the Issue Date.
You will consult with the Vermont Bond Bank prior to permitting any change in the use of (including any disposition of) any asset financed with the proceeds of the loan.
Have you reviewed the Statements provided by your Disbursing Agent?
You continue to maintain copies of the following documents with respect to the loan (check all that apply)
Loan Agreement
Tax Certificate
IRS Form 8038 (for Issue Dates prior to 2017)
Authorizing Votes
Construction Bid Documents
Construction Contracts
Requisitions and supporting invoices
Completion Certification
You are aware of your ability to take "remedial action" pursuant to the federal income tax regulations in the event of the Governmental Unit's failure to use the proceeds of the loan and/or the assets financed thereby in a qualifying manner and you will consult with your bond counsel and the Vermont Bond Bank before undertaking any such remedial action.