New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter II - Municipal Affairs
Subchapter A - Sales Of Bonds And Notes; Debt Statements
Part 27 - Requirements For The Preparation And Filing Of Official Statements
Section 27.11 - Legal matters
Universal Citation: 2 NY Comp Codes Rules and Regs ยง 27.11
Current through Register Vol. 46, No. 39, September 25, 2024
The parts of the official statement describing legal matters shall contain at least the following information:
(a) a description of any pending or threatened legal proceedings which may affect the validity of the obligations or have a material adverse effect upon the ability of the issuer to pay the obligations, or on the market therefor;
(b) any proposed legal opinion approving the obligations, or a summary thereof; and
(c) a description of the tax status of the obligations and the interest thereon.
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