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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 18-K
ANNUAL REPORT
of the
CITY OF NAPLES
(Comune di Napoli)
(a Municipality within the Republic of Italy)
(Name of registrant)
Date of the end of last fiscal year: December 31, 2005
SECURITIES REGISTERED
(AS OF THE CLOSE OF THE FISCAL YEAR)
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AMOUNT AS TO WHICH REGISTRATION NAMES OF EXCHANGES ON WHICH
TITLE OF ISSUES IS EFFECTIVE REGISTERED
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7.52% Notes due 2006 $195,000,000 New York Stock Exchange
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NAME AND ADDRESS OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS
FROM THE SECURITIES AND EXCHANGE COMMISSION:
Mr. Donald J. Puglisi
Puglisi & Associates
850 Library Avenue, Suite 204
P.O. Box 885
Newark, Delaware 19715
U.S.A.
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The information set forth below is to be furnished:
1. In respect of each issue of securities of the registrant registered, a
brief statement as to:
(a) The general effect of any material modifications, not previously
reported, of the rights of the holders of such securities.
There have been no such modifications.
(b) The title and material provisions of any law, decree or administrative
action, not previously reported, by reason of which the security is
not being serviced in accordance with the terms thereof.
There have not been any such provisions.
(c) The circumstances of any other failure, not previously reported, to
pay principal, interest, or any sinking fund or amortization
installment.
There have not been any such failures.
2. A statement as of the close of the last fiscal year of the registrant
giving the total outstanding of:
(a) Internal funded debt of the registrant. (Total to be stated in the
currency of the registrant. If any internal funded debt is payable in
a foreign currency it should not be included under this paragraph (a),
but under paragraph (b) of this item.)
Reference is made to page 26 of Exhibit A.
(b) External funded debt of the registrant. (Totals to be stated in the
respective currencies in which payable. No statement need be furnished
as to intergovernmental debt).
As of December 31, 2005 the registrant had no external funded debt (see "Debt of
the City" on page 26 of Exhibit A).
3. A statement giving the title, date of issue, date of maturity, interest
rate and amount outstanding, together with the currency or currencies in
which payable, of each issue of funded debt of the registrant outstanding
as of the close of the last fiscal year of the registrant.
Reference is made to page 53 of Exhibit A.
4. (a) As to each issue of securities of the registrant which is registered,
there should be furnished a break-down of the total amount outstanding, as
shown in Item 3, into the following:
(1) Total amount held by or for the account of the registrant.
Not applicable.
(2) Total estimated amount held by nationals of the registrant (or if
registrant is other than a national government by the nationals of its
national government); this estimate need be furnished only if it is
practicable to do so.
Not applicable.
(3) Total amount otherwise outstanding.
Not applicable.
(b) If a substantial amount is set forth in answer to paragraph (a)(1)
above, describe briefly the method employed by the registrant to
reacquire such securities.
Not applicable.
5. A statement as of the close of the last fiscal year of the registrant
giving the estimated total of:
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(c) Internal floating indebtedness of the registrant. (Total to be stated
in the currency of the registrant.)
Reference is made to pages 26 and 27 of Exhibit A.
(d) External floating indebtedness of the registrant. (Total to be stated
in the respective currencies in which payable.)
As of December 31, 2005, the registrant had no external floating indebtedness.
6. Statements of the receipts, classified by source, and of the expenditures,
classified by purpose, of the registrant for each fiscal year of the
registrant ended since the close of the latest fiscal year for which such
information was previously reported. These statements should be so itemized
as to be reasonably informative and should cover both ordinary and
extraordinary receipts and expenditures; there should be indicated
separately, if practicable, the amount of receipts pledged or otherwise
specifically allocated to any issue registered, indicating the issue.
Reference is made to pages 16 through 25 of Exhibit A.
7. (a) If any foreign exchange control, not previously reported, has been
established by the registrant describe such foreign exchange control.
Not applicable.
(b) If any foreign exchange control previously reported has been
discontinued or materially modified, briefly describe the effect of
any such action, not previously reported.
Not applicable.
EXHIBITS
This annual report comprises:
(a) Pages numbered 1 to 5 consecutively.
(b) The following exhibits:
Exhibit (A) Current City of Naples description.
Exhibit (B) Not applicable.
Exhibit (C) Copy of the City of Naples' budget for the
year ended December 31, 2006, as approved
by the City Council on January 24, 2006.
This annual report is filed subject to the Instructions for Form 18-K for
Foreign Governments and Political Subdivisions thereof.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this annual report to be signed on its behalf by the
undersigned, thereunto duly authorized, in Naples, on the 30th day of November,
2006.
CITY OF NAPLES
By: /s/ Dott. Enrico CARDILLO
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Name: Dott. Enrico CARDILLO
Title: Assessore alle Risorse Strategiche
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EXHIBIT INDEX
PAGE
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EXHIBIT A......................................................................6
EXHIBIT C.....................................................................84
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