San Diego Association of Governments

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Andre Douzdjian, Chief Financial Officer

San Diego Association of Governments

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14. Opinion of SANDAG General Counsel to Commission (June 2015 Amendment & Extension)

SDCRTC 2008 Standby Bond Purchase Agreements

June 4, 2015

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San Diego Association of Governments Disclaimer

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This website provides general information about the San Diego Association of Governments (SANDAG) and the San Diego County Regional Transportation Commission (the Commission) and its outstanding bonds, notes or other obligations. The information is provided for quick reference only. It is not a summary or a compilation of all information relevant to any particular financial transactions, bonds, notes or other obligations. It does not purport to include every item that may be relevant, nor does it purport to present full and fair disclosure with respect to any financial transactions, bonds, notes or other obligations related to SANDAG and the Commission within the meaning of applicable securities laws and regulations.

The information presented on this site speaks only as of the date it was posted or, if such information is dated, as of its dated date. SANDAG and the Commission do not continuously update materials posted on this site. Developments may occur after the dated date or posted date of such information that could render it inaccurate or unreliable.

Certain information has come from other sources that are not developed by SANDAG and the Commission, and that the information is presented for convenience only. SANDAG and the Commission do not guarantee the accuracy of any such information and undertakes no responsibility to verify any of that information. Links to other web sites similarly are provided for convenience, and SANDAG and the Commission take no responsibility for the accuracy of such information.

THIS IS NOT AN OFFER TO SELL BONDS. Information on this site is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

NOTICE TO VIEWERS. Viewers acknowledge that: (1) SANDAG and the Commission are not now, by this site and the information shown herein, offering any bonds, notes or other obligations, nor soliciting an offer to buy any such securities; (2) this site and the information herein shall not be construed as any description of the SANDAG and the Commission in conjunction with any offering of bonds, notes or other obligations; (3) the information on this site is subject to change without notice, and no one shall assume from the availability of this site and the information herein that the affairs of SANDAG and the Commission and/or the programs of SANDAG and the Commission have not changed since the date of this information; (4) no representation is made as to the propriety or legality of any secondary market trading of the bonds, notes or other obligations of SANDAG and the Commission by anyone in any jurisdiction, and (5) the information on this site speaks as of its date, and SANDAG and the Commission do not hereby obligate themselves in any manner to periodically or otherwise update this information or to maintain the availability of this information.

All information on this site has been obtained by SANDAG and the Commission from sources believed to be reliable but no representation or warranty is made by SANDAG or the Commission as to its accuracy or completeness. Neither SANDAG or the Commission, nor any of its agencies or departments nor any of its officers or employees, shall be held liable for any use of the information described and/or contained in this site. In no event shall SANDAG and the Commission or its agencies or departments, officers or employees be liable for any direct, indirect, incidental, special, exemplary or consequential damages however caused and on any theory of liability, whether in contract, strict liability or tort (including negligence or otherwise) arising in any way out of the use of this site, even if advised of the possibility of such damage. This disclaimer of liability applies to any and all damages and injuries, including, but not limited to those caused by any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft or destruction or unauthorized access to, alteration of, or use of any record, whether for breach of contract, tortious behavior, negligence or under any other cause of action. This disclaimer applies to both isolated and aggregate uses of the information in this site.

Any addresses or links to other web sites that may be contained in this site are given only for the convenience of the viewer. SANDAG and the Commission have not participated in the preparation, collection, compilation or selection of information on any such other website and assume no responsibility or liability for the contents of such websites. Due to the dynamic nature of the Internet, resources that are free and publicly available one day may require a fee or restrict access the next, and the location of items may change as menus, homepages and files are reorganized. If you obtain any information from this site or from any source other than this site, please be aware that electronic data can be altered subsequent to original distribution. Data can also quickly become out of date. It is recommended that careful attention be paid to any data associated with a file, and that the originator of the data or information be contacted with any questions regarding appropriate use.

CHOICE OF LAW. Choice of Law applicable to the disclaimers above and resolution of disputes regarding such disclaimers are governed by the laws of the State of California. The laws of the State of California shall apply to all uses of this site and the information contained in this site.

VIEWER ACKNOWLEDGMENT AND AGREEMENT. The viewer acknowledges and agrees that the information provided on this site is provided by SANDAG and the Commission for convenience. By viewing this site and the information contained herein, the viewer acknowledges and agrees that any use of the site and information contained herein shall conform to all applicable laws and regulations and that the viewer shall not violate the rights of any third parties and agrees to all of the terms, conditions and provisions set forth above after “THIS IS NOT AN OFFER TO SELL BONDS”, “NOTICE TO VIEWERS,” and “CHOICE OF LAW”.

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