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RESOLUTION 94-002 SAFA Page 9 The Authority does not endorse the use of a financial surety bond in general or the financial surety bond of any surety in particular. The Authority will accept a financial surety bond in lieu of a cashier's check under the terms described herein solely as an, accommodation to bidders, and it is understood and agreed by each bidder using such a bond that the bidder must make its own arrangements with the provider of the bond, including ensuring that evidence of the financial surety bond is provided to the Authority's financial advisor. No interest will be paid upon the Deposit made by any bidder. Deposit checks· of all bidders (except the successful bidder) will be ret6rned by the Authority promptly following the award of the Series 1994 Bonds. The Deposit of the successful bidder will, immediately upon acceptance of its bid, become the property of the Authority to be held and invested for the exclusive benefit of the Authority. The principal amount of such Deposit shall be applied to the purchase price of the Series 1994 Bonds at the time of delivery thereof. If the sale of the Series 1994 Bonds is cancelled or postponed, all sealed bids shall be returned unopened. CUSIP NUMBERS: It is anticipated that CUSIP numbers will be printed on the Series 1994 Bonds, but neither the failure to print such numbers on any Series 1994 Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for the Series 1994 Bonds in accordance with the terms of the purchase contract. All expense of printing CUSIP numbers on the Series 1994 Bonds shall be paid by the Authority, but the CUSIP Service Bureau charge for the assignment of said numbers shall be paid by the purchaser. NO LITIGATION: There is no litigation pending concerning the validity of the Series 1994 Bonds, and the Authority will furnish to the successful bidder a no-litigation certificate certifying to the foregoing as of and at the time of the delivery of the Series 1994 Bonds. CALIFORNIA DEBT ADVISORY COMMISSION FEk: Bidders are reminded of California Government Code Section 8856, which provides that the purchaser of said Series 1994 Bonds will be charged the California Debt Advisory Commission fee. OFFICIAL STATEMENT: The Authority has prepared a preliminary official statement relating to the Series 1994 Bonds, which for purposes of Rule 15c2-12 promulgated under the Securities Exchange Act of 1934, the Authority deems to be final as of its date (except for certain final pricing, rating and related information, as permitted by this Rule), a copy of which will be furnished upon request to the Authority's financial advisor, Kelling, Northcross & Norbriga, 1333 Broadway, Suite 1000,