Continuing Disclosure

Nassau County Interim Finance Authority (NIFA) has instituted continuing disclosure policies designed to actively and fully comply with the Securities and Exchange Commission Rule 15c2-12 for its debt. The Authority has agreed for the benefit of its bond holders, to provide to each nationally Recognized Municipal Repository and to the New York State Information Depository, if one is established, on an annual basis on or before 185 days after the end of each fiscal year, the Authority's audited financial statements and certain additional financial information and operating data concerning the Authority. NIFA has additionally agreed to provide to such depositories or to the Municipal Securities Rulemaking Board notice of the occurrence of specified material events.