Sec. 27.7. Description of issue

Latest version.

The parts of the official statement describing the issue shall contain at least the following information:
(a) an amplification of items contained on the cover page where appropriate;
(b) a description of the legal authority for the issuance of the obligations;
(c) the specific objects or purposes, or classes of objects or purposes, as the case may be, for which the obligations have been authorized, and the amount being issued for each;
(d) a description of the nature and sources of payment for the obligations; and
(e) a description of redemption features of the obligations.

                    
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