Question about Offering Statements..

[Princess Turandot]

When an Offering Statement is prepared for the sale of state bonds
there is a section in which the entity which will be benefiting from the proceeds of the bonds provides a "management disclosure" about the organization as well as recent financial information. Are non-financial misrepresentations in such management disclosure statements any sort of violation of the law?

[Zynx]

1. I don't believe so.

I would have to look that up though.