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Project Vote <br />RESOLUTION NO 2011085 <br />RESOLUTION AS TO THE PROVISION OF CERTAIN <br />CONTINUING DISCLOSURE INFORMATION WITH <br />RESPECT TO MAGNOLIA POWER PROJECT A <br />REFUNDING REVENUE BONDS 2011 1 <br />WHEREAS the Board of Directors of the Southern California Public Power Authority a <br />political subdivision of the State of California SCPPA has authorized the issuance of <br />SCPPAs Magnolia Power Project A Refunding Revenue Bonds 2011 1 the Bonds and has <br />authorized the execution by SCPPA of the Indenture of Trust dated as of March 1 2003 from <br />SCPPA to US Bank National Association as trustee as supplemented the Indenture relating <br />to the Bonds and <br />WHEREAS the Board of Directors of SCPPA hereby finds and determines that it is <br />necessary in connection with the authorization and sale of the Bonds that SCPPA adopt this <br />resolution in order to assist the Participating Underwriter such term and all other capitalized <br />terms used herein without definition having the respective meanings assigned thereto in Section <br />1 hereof in complying with the Rule <br />NOW THEREFORE BE IT RESOLVED by the Board of Directors of SCPPA as <br />follows <br />1 Definitions In addition to the definitions set forth in the Indenture which apply <br />to any capitalized term used in this Disclosure Resolution unless otherwise defined in this <br />Disclosure Resolution the following capitalized terms shall have the following meanings <br />Annual Report shall mean any Annual Report provided by SCPPA pursuant to and as <br />described in Sections 3 and 4 of this Disclosure Resolution <br />Audited Financial Statements shall mean <br />i with respect to SCPPA SCPPAsaudited financial statements for its most <br />recent fiscal year prepared in accordance with generally accepted accounting principles <br />as promulgated to apply to governmental entities from time to time or such other <br />accounting principles as may be applicable to SCPPA in the future pursuant to applicable <br />law <br />ii with respect to Anaheim as defined in Section 2b hereof the audited <br />financial statements of Anaheims Electric System for its most recent fiscal year <br />prepared in accordance with generally accepted accounting principles as promulgated to <br />apply to governmental entities from time to time or such other accounting principles as <br />may be applicable to Anaheim in the future pursuant to applicable law