Nev. Rev. Stat. § 349.296 — NV Code / Title 30 / Chapter 349 / Section 349.296
Disposition of unexpended balance of proceeds after completion of project
Status: in_force

Any unexpended balance of the proceeds of such securities remaining after the completion of the acquisition or improvement of properties pertaining to the project or otherwise the completion of the purpose or purposes for which such securities were issued shall be credited immediately to the fund or account created for the payment of the interest on or the principal of the securities, or both principal and interest, and shall be used therefor, subject to the provisions as to the times and methods for their payment as stated in the securities and the proceedings authorizing or otherwise appertaining to their issuance, or so paid into a reserve therefor, or any combination thereof, as the commission may determine.
Nev. Rev. Stat. § 349.172 — NV Code / Title 30 / Chapter 349 / Section 349.172
“Federal Government” defined
Status: in_force

“Federal Government” means the United States, or any agency, instrumentality or corporation thereof.
Nev. Rev. Stat. § 348.050 — NV Code / Title 30 / Chapter 348 / Section 348.050
“Authorizing instrument” defined
Status: in_force

“Authorizing instrument” means the ordinance, resolution, trust indenture, order or other official action, or any such instrument amendatory thereof or supplemental thereto, or any applicable combination thereof, by which public securities are authorized to be issued by a public body.
Nev. Rev. Stat. § 350.506 — NV Code / Title 30 / Chapter 350 / Section 350.506
“Acquisition” and “acquire” defined
Status: in_force

“Acquisition” or “acquire” includes the opening, laying out, establishment, purchase, construction, securing, installation, reconstruction, lease, gift, grant from the Federal Government, this state, any public body therein, or any person, the endowment, bequest, devise, condemnation, transfer, assignment, option to purchase, other contract, or other acquirement, or any combination thereof, of any properties pertaining to a project, or an interest therein.
Nev. Rev. Stat. § 350.800 — NV Code / Title 30 / Chapter 350 / Section 350.800
Transactions whereby municipality acquires property and another person acquires or retains security interest in that or other property
Status: in_force

1. A transaction whereby a municipality acquires real or personal property and another person acquires or retains a security interest in that or other property creates a general obligation of the municipality which must be counted against any limit upon its debt unless: (a) The obligation by its terms is extinguished by failure of the governing body to appropriate money for the ensuing fiscal year for payment of the amounts then due; or (b) The budget of the municipality for the fiscal year in which the transaction occurs includes a provision for the discharge of the obligation in full.

2. Any member of the governing body may vote upon such a transaction whether or not the obligation incurred is expected to extend beyond his or her term of office, without any special notice or other formality.

3. Any such transaction is subject to the requirements of this chapter for an election if it must be counted against a debt limit, but, except as otherwise provided in NRS 350.011 to 350.0165 , inclusive, and 350.087 to 350.095 , inclusive, is not subject to any other requirement of this chapter.

4. In addition to or as a substitute for granting a security interest in the property being acquired in a transaction described in subsection 1, the municipality may grant a security interest in other property if the governing body finds that: (a) Granting the security interest in the other property will result in lower financing costs to the municipality; and (b) The value of all property in which a security interest is granted does not, at the time the security interest is granted, exceed an amount equal to one and one-half times the value of the property being acquired. The finding and determination of values by the governing body are conclusive in the absence of fraud or gross abuse of discretion.
Nev. Rev. Stat. § 349.227 — NV Code / Title 30 / Chapter 349 / Section 349.227
Rates of interest for certain securities; agreement with third party for assurance of payment for securities; reimbursement for advances made pursuant to agreement
Status: in_force

1. In the case of securities bearing interest at a variable rate of interest, or in the case of securities with a term of 270 days or less issued as commercial paper under a program for the issuance of commercial paper to fund the costs of a project, to be deposited into the State General Fund and used for the general operations of the State or to refinance any previously issued commercial paper or other securities, the act or resolution authorizing the issuance of any state securities or any trust indenture or other instrument appertaining thereto may fix a rate or rates of interest or provide for the determination of the rate or rates from time to time by a designated agent according to the procedure specified in that resolution or other instrument. The rate so determined must approximate the rates then being paid for other securities which contain similar provisions and have an equivalent rating. The Commission may contract with or select any person to act as an agent to make that determination and shall specify parameters for the interest rate if it is fixed by such an agent.

2. The Commission may enter into an agreement with a third party for an assurance of payment of the principal of, the interest on, or premiums, if any, due in connection with any state securities issued by the Commission. The obligation of the Commission to reimburse that third party for any advances made pursuant to that agreement may be provided in that agreement, recited in those securities or evidenced by another instrument as designated in the act or resolution authorizing the issuance of those securities or any other instrument appertaining thereto. The Commission may assign its rights under that agreement.
Nev. Rev. Stat. § 350.093 — NV Code / Title 30 / Chapter 350 / Section 350.093
Limitations on transfer of money for medium-term obligation; refund of transfer
Status: in_force

1. After a medium-term obligation has been authorized as provided in NRS 350.089 and if, in the judgment of the governing board of the local government, the fiscal affairs of the local government can be carried on without impairment and there is sufficient money in the general fund or a surplus in any other fund, with the exception of the bond interest and redemption fund, of the local government, the governing board may transfer from the general fund or from the surplus appearing in any fund, with the exception of the bond interest and redemption fund, money sufficient to meet the purpose of the medium-term obligation.

2. When such a transfer is made, the governing board of the local government shall comply with the provisions of NRS 350.095 , and when the special tax is thereafter collected, the amount so collected must be placed immediately in the fund from which the loan was made.

3. In cases where the fund from which the loan was made, at the time of the transfer of funds therefrom, contains a surplus that in the judgment of the Executive Director of the Department of Taxation is or will not be needed for the purposes of the fund in the ordinary course of events, the special tax need not be levied, collected and placed in the fund from which the loan was made, but the transfer shall be deemed refunded for all purposes of NRS 350.087 to 350.095 , inclusive.
Nev. Rev. Stat. § 350.718 — NV Code / Title 30 / Chapter 350 / Section 350.718
Sufficiency of Local Government Securities Law
Status: in_force

1. The Local Government Securities Law, without reference to other statutes of this state, except as herein otherwise expressly provided, shall constitute full authority for the exercise of the incidental powers herein granted concerning the borrowing of money and any other incurrence of obligations to defray wholly or in part the cost of any project appertaining to the municipality and otherwise authorized by law, or to refinance outstanding loans, or both, and the issuance of bonds or other securities to evidence such loans or other obligations or to fund or refund outstanding securities, or any combination thereof, as the governing body may determine.

2. No other act or law with regard to the authorization or issuance of securities or the exercise of any other power herein granted that requires an election or another approval or in any way impedes or restricts the carrying out of the acts herein authorized to be done shall be construed as applying to any proceedings taken hereunder or acts done pursuant hereto, except as otherwise provided in the Local Government Securities Law or in any act supplemental hereto.

3. The powers conferred by the Local Government Securities Law shall be in addition and supplemental to and not in substitution for, and the limitations imposed by the Local Government Securities Law shall not affect the powers conferred by, any other law.

4. Nothing contained in the Local Government Securities Law shall be construed as preventing the exercise of any power granted to the municipality, acting by and through the governing body, or any officer, agent or employee of the municipality, or otherwise, by any other law.

5. No part of the Local Government Securities Law shall repeal or affect any other law or part thereof, it being intended that the Local Government Securities Law shall provide a separate method of accomplishing its objectives and not an exclusive one; and the Local Government Securities Law shall not be construed as repealing, amending or changing any such other law.
Nev. Rev. Stat. § 350A.170 — NV Code / Title 30 / Chapter 350A / Section 350A.170
State securities: Interest; discount
Status: in_force

The Board shall determine the rate or rates of interest which state securities are to bear. These securities may be sold at par, above par, or below par at a discount determined by the Board.
Nev. Rev. Stat. § 350A.125 — NV Code / Title 30 / Chapter 350A / Section 350A.125
“Wastewater authority” defined
Status: in_force

“ Wastewater authority ” means an entity that is created by cooperative agreement pursuant to chapter 277 of NRS , the functions of which include sanitation and sewerage, the treatment and disposal of wastewater, or the development and reclamation of water resources.
Nev. Rev. Stat. § 348A.010 — NV Code / Title 30 / Chapter 348A / Section 348A.010
Definitions
Status: in_force

As used in this chapter:

1. “ Council ” means the Private Activity Bond Council created by NRS 348A.050 .

2. “ Director ” means the Director of the Department of Business and Industry.

3. “Private activity bond” has the meaning ascribed to it in 26 U.S.C. § 141 .

4. “State ceiling” has the meaning ascribed to it in 26 U.S.C. § 146(d) .

5. “Volume cap” has the meaning ascribed to it in 26 U.S.C. § 146(b) and (c) .
Nev. Rev. Stat. § 349.903 — NV Code / Title 30 / Chapter 349 / Section 349.903
“Agreement” defined
Status: in_force

“Agreement” means the contract between the Director and the management company authorizing the management company to manage the assets of the Account for Venture Capital.
Nev. Rev. Stat. § 349.180 — NV Code / Title 30 / Chapter 349 / Section 349.180
“Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto,” “hereunder,” “heretofore” and “hereafter” defined
Status: in_force

“Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto,” “hereunder” and any similar term refer to the State Securities Law and not solely to the particular portion thereof in which such word is used; “heretofore” means before the adoption of the State Securities Law; and “hereafter” means after the adoption of the State Securities Law.
Nev. Rev. Stat. § 349.208 — NV Code / Title 30 / Chapter 349 / Section 349.208
“Trust bank” defined
Status: in_force

“Trust bank” means:

1. A commercial bank as defined in NRS 349.160 that is authorized to exercise and is exercising trust powers.

2. A branch of the Federal Reserve Bank.

3. A credit union whose deposits are insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 672.755 that is authorized to exercise and is exercising trust powers.
Nev. Rev. Stat. § 348.380 — NV Code / Title 30 / Chapter 348 / Section 348.380
Signatures: Effect if officer ceases to fill his or her office; adoption of predecessor's signature
Status: in_force

1. Any certificated public security signed by the authorized officers at the time of its signing is not invalid and must not be denied binding effect on the grounds that before its issuance any or all of those officers ceased to fill their respective offices.

2. Any authorized officer empowered to sign any such certificated public security may adopt as and for his or her signature the signature of a predecessor in office if the predecessor's signature appears on the certificated public security.
Nev. Rev. Stat. § 350.520 — NV Code / Title 30 / Chapter 350 / Section 350.520
“Federal Government” defined
Status: in_force

“Federal Government” means the United States, or any agency, instrumentality or corporation thereof.
Nev. Rev. Stat. § 350.201 — NV Code / Title 30 / Chapter 350 / Section 350.201
Definitions
Status: in_force

As used in NRS 350.201 to 350.2013 , inclusive:

1. “Par” means the principal amount of a security plus the accrued interest thereon from the date of the bonds to the date of delivery and full payment.

2. “Political subdivision” includes without limitation a county, city, town, school district or special district.

3. “Security” means a bond or other evidence of indebtedness.
Nev. Rev. Stat. § 348.080 — NV Code / Title 30 / Chapter 348 / Section 348.080
“Facsimile signature” defined
Status: in_force

“Facsimile signature” means a reproduction by engraving, imprinting, stamping or other means of the manual signature of an authorized officer.
Nev. Rev. Stat. § 349.924 — NV Code / Title 30 / Chapter 349 / Section 349.924
Bonds: Regulations for investment and reinvestment of proceeds and management of proceeds by banks or trust companies
Status: in_force

The Director shall adopt regulations for:

1. Investment and reinvestment of the proceeds designated for the Account for Venture Capital from the sale of bonds, including, but not limited to: (a) Bonds or other obligations of the United States. (b) Bonds or other obligations, the payment of the principal and interest of which is unconditionally guaranteed by the United States. (c) Obligations issued or guaranteed as to principal and interest by any agency or person controlled or supervised by and acting as an instrumentality of the United States pursuant to authority granted by the Congress of the United States. (d) Obligations issued or guaranteed by any state of the United States, or any political subdivision of any state. (e) Prime commercial paper. (f) Prime finance company paper. (g) Bankers' acceptances drawn on and accepted by commercial banks. (h) Repurchase agreements fully secured by obligations issued or guaranteed as to principal and interest by the United States or by any person controlled or supervised by and acting as an instrumentality of the United States pursuant to authority granted by the Congress of the United States. (i) Certificates of deposit issued by credit unions or commercial banks, including banks domiciled outside of the United States. (j) Money market mutual funds that: (1) Are registered with the Securities and Exchange Commission; (2) Are rated by a nationally recognized rating service as “AAA” or its equivalent; and (3) Invest only in securities issued or guaranteed as to payment of principal and interest by the Federal Government, or its agencies or instrumentalities, or in repurchase agreements that are fully collateralized by such securities.

2. Receiving, holding and disbursing of proceeds of the sale of bonds by one or more banks or trust companies located within or outside of this state.

This section does not expand the authority for investing the proceeds of bonds placed in the Fund for the Retirement of Bonds.
Nev. Rev. Stat. § 349.252 — NV Code / Title 30 / Chapter 349 / Section 349.252
Recourse against members of Commission and state officers and agents: Acceptance of securities constitutes waiver and release
Status: in_force

No recourse shall be had for the payment of the principal of, any interest on, and any prior redemption premiums due in connection with any bonds or other state securities or for any claim based thereon or otherwise upon the resolution authorizing their issuance or other instrument appertaining thereto, against any individual member of the Commission or any officer or other agent of the State, past, present or future, either directly or indirectly through the Commission or the State, or otherwise, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any penalty or otherwise, all such liability, if any, being by the acceptance of the securities and as a part of the consideration of their issuance specially waived and released.
Nev. Rev. Stat. § 350.013 — NV Code / Title 30 / Chapter 350 / Section 350.013
Municipalities to submit annually statement of current and contemplated general obligation debt and special elective taxes, statement of debt management policy, plan for capital improvement or alternate statement and certain information regarding chief financial officer; update of information; exceptions
Status: in_force

1. Except as otherwise provided in this section, on or before August 1 of each year, the governing body of a municipality which proposes to issue or has outstanding any general obligation debt, other general obligations or special obligations, or which levies or proposes to levy any special elective tax, shall submit to the Department of Taxation and the commission: (a) A complete statement of current general obligation debt and special elective taxes, and a report of current debt and special assessments and retirement schedules, in the detail and form established by the Committee on Local Government Finance. (b) A complete statement, in the detail and form established by the Committee on Local Government Finance, of general obligation debt and special elective taxes contemplated to be submitted to the commission during the fiscal year. (c) A written statement of the debt management policy of the municipality, which must include, without limitation: (1) A discussion of its ability to afford existing general obligation debt, authorized future general obligation debt and proposed future general obligation debt; (2) A discussion of its capacity to incur authorized and proposed future general obligation debt without exceeding the applicable debt limit; (3) A discussion of its general obligation debt that is payable from property taxes per capita as compared with such debt of other municipalities in this State; (4) A discussion of its general obligation debt that is payable from property taxes as a percentage of assessed valuation of all taxable property within the boundaries of the municipality; (5) Policy regarding the manner in which the municipality expects to sell its debt; (6) A discussion of its sources of money projected to be available to pay existing general obligation debt, authorized future general obligation debt and proposed future general obligation debt; and (7) A discussion of its operational costs and revenue sources, for the ensuing 5 fiscal years, associated with each project included in its plan for capital improvement submitted pursuant to paragraph (d), if those costs and revenues are expected to affect the property tax rate. (d) Either: (1) Its plan for capital improvement for the ensuing 5 fiscal years, which must include any contemplated issuance of general obligation debt during this period and the sources of money projected to be available to pay the debt; or (2) A statement indicating that no changes are contemplated in its plan for capital improvement for the ensuing 5 fiscal years. (e) A statement containing the name, title, mailing address and telephone number of the chief financial officer of the municipality.

2. The governing body of a municipality may combine a statement or plan required by subsection 1 with the corresponding statement or plan of another municipality if both municipalities have the same governing body or the governing bodies of both municipalities agree to such a combination.

3. Except as otherwise provided in subsection 4, the governing body of each municipality shall update all statements and plans required by subsection 1 not less frequently than once each fiscal year.

4. In a county whose population is 100,000 or more, the governing body of each municipality shall update all statements and plans required by subsection 1 not less often than once each fiscal year and not more often than twice each fiscal year, except that a municipality may update a statement or plan required by subsection 1 more often than twice each fiscal year: (a) If the governing body determines, by a two-thirds vote, that an emergency requires that a statement or plan be updated; (b) To include an item related to: (1) An installment purchase that does not count against a debt limit; or (2) An obligation for which no additional property tax is expected; (c) To update the purpose of a special elective tax without changing the rate of the special elective tax; or (d) To comply with the requirements of subsection 5 of NRS 268.625 or subsection 1 of NRS 350.091 .

5. The provisions of this section do not apply to the Reno-Tahoe Airport Authority so long as the Authority does not have any general obligation bonds outstanding and does not issue or propose to issue any such bonds. At least 30 days before each annual meeting of the commission, the Authority shall submit to the Department of Taxation a written statement regarding whether the Authority is planning to propose to issue any general obligation bonds before the next following annual meeting of the commission.
Nev. Rev. Stat. § 349.120 — NV Code / Title 30 / Chapter 349 / Section 349.120
Legislative appropriations from State General Fund
Status: in_force

1. For each biennium, moneys must be provided by direct legislative appropriation from the State General Fund sufficient in amount to meet the bond interest and redemption requirements of the State of Nevada, as designated by the various issues of bonds for which the faith of the State of Nevada has been or may hereafter be pledged. The amount must be determined by the Legislature from time to time so as to effectuate the purposes of NRS 349.080 to 349.140 , inclusive.

2. All moneys so appropriated must be placed in the Consolidated Bond Interest and Redemption Fund. All moneys so appropriated and placed are hereby expressly set apart and appropriated to discharge the obligations of the State of Nevada for bond interest and redemption of bonds issued before, on or after March 28, 1939.
Nev. Rev. Stat. § 349.254 — NV Code / Title 30 / Chapter 349 / Section 349.254
Covenants in resolution authorizing issuance of special obligations impose no liability against State or its general credit
Status: in_force

None of the covenants, agreements, representations and warranties contained in any resolution authorizing the issuance of bonds or other state securities issued under the provisions of the State Securities Law and constituting special obligations, or in any other instrument appertaining thereto, in the absence of any breach thereof, shall ever impose or shall be construed as imposing any liability, obligation or charge against the State (except the special funds pledged therefor) or against the general credit of the State, payable out of the General Fund of the State, or out of any funds derived from taxation.
Nev. Rev. Stat. § 349.946 — NV Code / Title 30 / Chapter 349 / Section 349.946
General powers of Director; adoption of regulations by State Environmental Commission
Status: in_force

The Director has all the powers necessary to accomplish the purposes set forth in NRS 349.935 to 349.961 , inclusive. These powers must be exercised for the health, safety, convenience, prosperity and welfare of the inhabitants of this state. The State Environmental Commission may adopt such regulations as are necessary to carry out the provisions of NRS 349.935 to 349.961 , inclusive.
Nev. Rev. Stat. § 348.150 — NV Code / Title 30 / Chapter 348 / Section 348.150
“Obligation” defined
Status: in_force

“Obligation” means a financial agreement of an issuer, and includes a share, participation or other interest in such an agreement.
Nev. Rev. Stat. § 350.526 — NV Code / Title 30 / Chapter 350 / Section 350.526
“Gross revenues” and “gross pledged revenues” defined
Status: in_force

“Gross revenues” or “gross pledged revenues” means all pledged revenues received by the municipality and pledged wholly or in part for the payment of any municipal securities issued hereunder.
Nev. Rev. Stat. § 350.616 — NV Code / Title 30 / Chapter 350 / Section 350.616
Sale or issuance of municipal securities
Status: in_force

1. Notes, bonds and interim debentures must be sold in the manner prescribed in NRS 350.105 to 350.195 , inclusive.

2. Warrants may be issued to evidence the amount due to any person furnishing services or materials as provided in the Local Government Securities Law.

3. Temporary bonds must be issued to a purchaser of the definitive bonds in anticipation of the exchange of the former for the latter.
Nev. Rev. Stat. § 349.223 — NV Code / Title 30 / Chapter 349 / Section 349.223
Sale of securities as investment to defray anticipated costs of college
Status: in_force

1. A particular issue of state securities may be sold as an investment for the purpose of accumulating money for the future generally or to defray prospectively the anticipated costs of college if: (a) The resolution authorizing its issuance states that purpose and the State Board of Finance approves the sale for that purpose; and (b) The resolution for issuance provides for the payment of compound interest on the securities.

2. The resolution authorizing the issuance of securities for the purposes described in subsection 1: (a) May describe the securities by a designation including the word “saving” or the phrase “saving for college”; (b) Must include a disclaimer that the State does not guarantee that the amount received at maturity will be adequate to meet the costs of college or other intended purpose; and (c) Must include a disclaimer that the State does not guarantee the price for which a security may be sold before it matures.
Nev. Rev. Stat. § 350.659 — NV Code / Title 30 / Chapter 350 / Section 350.659
Investment and reinvestment of revenues and proceeds of taxes and certain securities in investment contract collateralized with federal securities by governing body in county whose population is 20,000 or more
Status: in_force

The governing body of a local government in a county whose population is 20,000 or more, subject to any contractual limitations from time to time imposed upon the local government by any ordinance authorizing the issuance of outstanding securities of the local government or by any trust indenture or other proceedings appertaining thereto, may cause to be invested and reinvested, except as otherwise provided in NRS 350.698 , any proceeds of taxes, any pledged revenues and any proceeds of bonds or other local government securities issued hereunder for which the amount of the principal of the original issuance was $5,000,000 or more in an investment contract that is collateralized with securities issued by the Federal Government or agencies of the Federal Government if:

1. The collateral has a market value of at least 102 percent of the amount invested and any accrued unpaid interest thereon;

2. In a county whose population is 20,000 or more but less than 55,000: (a) The local government employs a full-time finance director; and (b) The terms of the investment contract have been reviewed by independent bond counsel, who has determined that the contract complies with this section;

3. The local government receives a security interest in the collateral that is fully perfected and the collateral is held in custody for the local government or its trustee by a third-party agent of the local government which is a commercial bank authorized to exercise trust powers;

4. The market value of the collateral is determined not less frequently than weekly and, if the ratio required by subsection 1 is not met, sufficient additional collateral is deposited with the agent of the local government to meet that ratio within 2 business days after the determination; and

5. The party with whom the investment contract is executed is a commercial bank, or that party or a guarantor of the performance of that party is: (a) An insurance company which has a rating on its ability to pay claims of not less than “Aa2” by Moody's Investors Service, Inc., or “AA” by Standard and Poor's Ratings Services, or their equivalent; or (b) An entity which has a credit rating on its outstanding long-term debt of not less than “A2” by Moody's Investors Service, Inc., or “A” by Standard and Poor's Ratings Services, or their equivalent.
Nev. Rev. Stat. § 349.917 — NV Code / Title 30 / Chapter 349 / Section 349.917
Form of investments of management company; management company to be managed by experienced person
Status: in_force

1. The investments of the management company for the Account for Venture Capital may take the form of an equity investment, a loan or a purchase of warrants or options to purchase stock.

2. The management company must be managed by a person who is experienced in various aspects of the development of new enterprises.
Nev. Rev. Stat. § 350.011 — NV Code / Title 30 / Chapter 350 / Section 350.011
Definitions
Status: in_force

As used in NRS 350.011 to 350.0165 , inclusive, unless the context otherwise requires:

1. “ Commission ” means a debt management commission created pursuant to NRS 350.0115 .

2. “ Special elective tax ” means a tax imposed pursuant to NRS 354.59817 , 354.5982 , 387.3285 or 387.3287 .
Nev. Rev. Stat. § 350.014 — NV Code / Title 30 / Chapter 350 / Section 350.014
Approval or notification of commission required for certain proposals
Status: in_force

1. Before any proposal to incur a general obligation debt or levy a special elective tax may be submitted to the electors of a municipality, before any issuance of general obligation bonds pursuant to subsection 4 of NRS 350.020 , before entering into an installment-purchase agreement with a term of more than 10 years or, before any other formal action may be taken preliminary to the incurrence of any general obligation debt, the proposed incurrence or levy must receive the favorable vote of two-thirds of the members of the commission of each county in which the municipality is situated.

2. Before the board of trustees of a district organized or reorganized pursuant to chapter 318 of NRS whose population within its boundaries is less than 5,000 incurs a medium-term obligation or otherwise borrows money or issues securities to evidence such borrowing, other than securities representing a general obligation debt or installment-purchase agreements with a term of 10 years or less, the proposed borrowing or issuing of securities must receive the favorable vote of a majority of the members of the commission of each county in which the district is situated.

3. When any municipality other than a general improvement district whose population within its boundaries is less than 5,000 issues any special obligations, it shall so notify in its annual report the commission of each county in which any of its territory is situated.

4. The commission shall not approve any proposal submitted to it pursuant to this section by a municipality: (a) Which, if the proposal is for the financing of a capital improvement, is not included in its plan for capital improvement submitted pursuant to NRS 350.013 , if such a plan is required to be submitted; (b) If, based upon: (1) Estimates of the amount of tax revenue from property taxes needed for the special elective tax, or to repay the general obligation debt, and the dates that revenue will be needed, as provided by the municipality; (2) Estimates of the assessed valuation of the municipality for each of the years in which tax revenue is needed, as provided by the municipality; (3) The amount of any other required levies of property taxes, as shown on the most recently filed final budgets of each entity authorized to levy property taxes on any property within the municipality submitting the proposal; and (4) Any other factor the municipality discloses to the commission, the proposal would result in a combined property tax rate in any of the overlapping entities within the county which exceeds the limit provided in NRS 361.453 , unless the proposal also includes an agreement which complies with NRS 361.457 and which is approved by the governing bodies of all affected municipalities within the area as to how the combined property tax rates will be brought into compliance with the statutory limitation or unless the commission adopts a plan that is approved by the Executive Director of the Department of Taxation pursuant to which the combined property tax rate will be in compliance with the statutory limitation; or (c) If, based upon the factors listed in subparagraphs (1) to (4), inclusive, of paragraph (b), the proposal will affect the ability of an affected governmental entity to levy the maximum amount of property taxes that it may levy pursuant to NRS 354.59811 , unless: (1) The proposal includes a resolution approving the proposal pursuant to subsection 3 of NRS 350.0135 from each affected governmental entity whose ability to levy property taxes will be affected by the commission's approval of the proposal; or (2) The commission has resolved all conflicts between the municipality and all affected governmental entities and has approved the increase in property taxes resulting from the proposal pursuant to NRS 350.0135 .

5. Except as otherwise provided in subsection 6 or in paragraph (b) of subsection 3 of NRS 350.583 , if general obligation debt is to be incurred more than 36 months after the approval of that debt by the commission, the governing body of the municipality shall obtain additional approval of the commission before incurring the general obligation debt. The commission shall only approve a proposal that is submitted pursuant to this subsection if, based on the information set forth in paragraph (b) of subsection 4 that is accurate as of the date on which the governing body submits, pursuant to this subsection, its request for approval to the commission: (a) Incurrence of the general obligation debt will not result in a combined property tax rate in any of the overlapping entities within the county which exceeds the limit provided in NRS 361.453 ; (b) The proposal includes an agreement approved by the governing bodies of all affected municipalities within the area as to how the combined tax rates will be brought into compliance with the statutory limitation; or (c) The commission adopts a plan that is approved by the Executive Director of the Department of Taxation pursuant to which the combined property tax rate will be in compliance with the statutory limitation. The approval of the commission pursuant to this subsection is effective for 18 months. The governing body of the municipality may renew that approval for successive periods of 18 months by filing an application for renewal with the commission. Such an application must be accompanied by the information set forth in paragraph (b) of subsection 4 that is accurate as of the date the governing body files the application for renewal.

6. The commission may not approve a proposal pursuant to subsection 5 which, based upon the factors listed in subparagraphs (1) to (4), inclusive, of paragraph (b) of subsection 4, will affect the ability of an affected governmental entity to levy the maximum amount of property taxes that it may levy pursuant to NRS 354.59811 , unless: (a) The proposal includes a resolution approving the proposal pursuant to subsection 3 of NRS 350.0135 from each affected governmental entity whose ability to levy property taxes will be affected by the commission's approval of the proposal; or (b) The commission has resolved all conflicts between the municipality and all affected governmental entities and has approved the increase in property taxes resulting from the proposal pursuant to NRS 350.0135 .

7. As used in this section, “affected governmental entity” has the meaning ascribed to it in subsection 9 of NRS 350.0135 .
Nev. Rev. Stat. § 349.510 — NV Code / Title 30 / Chapter 349 / Section 349.510
“Project” defined
Status: in_force

“ Project ” means:

1. Any land, building or other improvement and all real and personal properties necessary in connection therewith, excluding inventories, raw materials and working capital, whether or not in existence, suitable for new construction, improvement, rehabilitation or redevelopment for: (a) Industrial uses, including assembling, fabricating, manufacturing, processing or warehousing; (b) Research and development relating to commerce or industry, including professional, administrative and scientific offices and laboratories; (c) Commercial enterprises; (d) Civic and cultural enterprises open to the general public, including theaters, museums and exhibitions, together with buildings and other structures, machinery, equipment, facilities and appurtenances thereto which the Director deems useful or desirable in connection with the conduct of any such enterprise; (e) An educational institution operated by a nonprofit organization not otherwise directly funded by the State which is accredited by a nationally recognized educational accrediting association; (f) Health and care facilities and supplemental facilities for health and care; (g) The purposes of a corporation for public benefit; or (h) A renewable energy generation project.

2. Any real or personal property appropriate for addition to a hotel, motel, apartment building, casino or office building to protect it or its occupants from fire.

3. The preservation of a historic structure or its restoration for its original or another use, if the plan has been approved by the Office of Historic Preservation of the State Department of Conservation and Natural Resources.
Nev. Rev. Stat. § 350.185 — NV Code / Title 30 / Chapter 350 / Section 350.185
Negotiated sale: Procedure for selection of proposal for sale of bonds; certification of procedure
Status: in_force

1. The governing body of a municipality which sells bonds by a negotiated sale shall establish a procedure for the selection of a proposal for the sale of the bonds. The procedure must include a consideration of: (a) The ability and experience of the responding underwriter in the underwriting of bonds sold by competitive bid or negotiated sale; (b) The degree to which the proposal of the responding underwriter meets the needs of the municipality and minimizes the risk and cost to the municipality; (c) An estimation of any fees or other elements of the gross spread between the price paid to the municipality for the bonds and the price at which the bonds are sold to investors; (d) Any other fees, charges or commissions which the municipality will be required to pay in connection with the issuance of the bonds; and (e) Any fees paid by the underwriter to persons who are not employees of the underwriter to obtain business from the municipality.

2. The chief administrative officer of the municipality shall certify that the procedure for selecting a proposal for the negotiated sale pursuant to NRS 350.175 was conducted in an open and fair manner.
Nev. Rev. Stat. § 350.375 — NV Code / Title 30 / Chapter 350 / Section 350.375
Use of revenues derived from undertaking of municipality
Status: in_force

Subject to any pledges and other contractual limitations appertaining to revenues derived from the operation of any undertaking of a municipality, such revenues may be used from time to time for the following purposes, or any combination thereof, and in such priority, as the governing body may determine:

1. For the payment of operation and maintenance expenses of any undertaking;

2. For the payment of the costs of extensions of and improvements to any undertaking, including without limitation extraordinary repairs and replacements not constituting maintenance expenses;

3. For the payment of any other costs of constructing, otherwise acquiring, operating, maintaining, extending and improving any properties appertaining to water supply, water acquisition, treatment and distribution facilities, sewage, sanitary sewer collection and disposal facilities, storm waters, and storm water collection and disposal facilities, and incidental costs relating thereto, and the payment of any outstanding bonds and any other outstanding securities issued for any one, all or any combination of such purposes by the municipality pursuant to the Water and Sewer Revenue Bond Law or to any other law, and constituting general obligations, special obligations, or otherwise, and regardless of whether such payment is secured solely, additionally, or at all by a pledge of such revenues, as to the principal of, any interest on, and any prior redemption premiums due in connection with, such bonds and other securities, and any paying agent charges and other incidental expenses appertaining thereto, including without limitation any costs of issuing such securities, as the same become due;

4. For the accumulation of reserves for any one, all or any combination of the purposes stated above in this section; and

5. For the payment of any other expenses of the municipality, regardless of whether or not they appertain to an undertaking.
Nev. Rev. Stat. § 350.202 — NV Code / Title 30 / Chapter 350 / Section 350.202
County ordinance may provide for service of bonded indebtedness for general obligations through single debt service fund; consolidated levy of taxes
Status: in_force

Notwithstanding the provisions of any special law authorizing the issuance of bonds or any covenant contained in any bond, the board of county commissioners of any county may provide by ordinance for the service of all general obligation bonded indebtedness of the county through a single debt service fund in the county treasury and a consolidated levy of taxes.
Nev. Rev. Stat. § 350.638 — NV Code / Title 30 / Chapter 350 / Section 350.638
Facsimile signatures and seals
Status: in_force

Any bonds or other securities, including without limitation any certificates endorsed thereon, may be executed with facsimile signatures and seals as provided in chapter 351 of NRS. A compliance therewith is not a condition precedent to the execution of any coupon with a facsimile signature.
Nev. Rev. Stat. § 348.140 — NV Code / Title 30 / Chapter 348 / Section 348.140
“Issuer” defined
Status: in_force

“Issuer” means a public body which:

1. Executes a certificated public security to evidence its duty to perform a financial agreement represented by the certificated public security;

2. Undertakes to perform a financial agreement if the agreement is an uncertificated public security; or

3. Becomes responsible for or in place of a public body described as an issuer in this section.
Nev. Rev. Stat. § 349.760 — NV Code / Title 30 / Chapter 349 / Section 349.760
Transactions eligible for guaranteed funding: Criteria
Status: in_force

An exporting contract is a transaction eligible for guaranteed funding if, in the judgment of the Director, it will create or maintain employment in Nevada and it:

1. Promotes the sale abroad of goods whose final stage of production occurs in Nevada and which constitutes at least 10 percent of the contract price;

2. Provides for the rendering of services abroad by a business located in Nevada if at least 10 percent of the contract price consists of wages or other payments made to persons normally residing in this state;

3. Promotes the sale abroad of goods distributed by a business located in Nevada if: (a) At least 10 percent of the contract price consists of wages or other payments made to persons or businesses normally residing or located in this state, a governmental organization of this state or a combination thereof; or (b) The business has a significant relationship with this state based upon: (1) The amount of capital investments it has which are located in this state; (2) The number of residents of this state who are employed by the business; (3) The amount of business transacted in this state; or (4) Any combination thereof; or

4. Provides both for the sale abroad of goods whose final stage of production occurs in Nevada and for the rendering of services abroad by residents of Nevada, the aggregate value of which is at least 10 percent of the contract price.
Nev. Rev. Stat. § 350.704 — NV Code / Title 30 / Chapter 350 / Section 350.704
Bonds of abolished municipalities may be refunded
Status: in_force

1. Bonds of any municipality abolished by law may be refunded under the provisions hereof. Whether or not the bonds of the abolished municipality have been assumed by any successor municipality prior to the issuance of the refunding bonds, the refunding bonds must be authorized by the governing body of each successor municipality in which is situated all or any part of the area of the abolished municipality.

2. If the obligation of the abolished municipality evidenced by its outstanding bonds has not been assumed wholly or in part by a successor municipality prior to the authorization of the issuance of the refunding bonds, the refunding bonds shall be issued in the name of the abolished municipality and shall evidence the same character of obligations as evidenced by the refunded bonds.

3. To the extent any obligation evidenced by the refunded bonds has been so assumed by a successor municipality, the refunding bonds shall be authorized to be issued in the name of the successor municipality which shall reevidence such assumed obligation and shall evidence the same character of obligation as evidenced by such obligation as assumed by the successor municipality, subject to the limitations and other provisions in NRS 350.674 and 350.700 .
Nev. Rev. Stat. § 349.276 — NV Code / Title 30 / Chapter 349 / Section 349.276
Denomination, negotiability and maturity of state securities; rate of interest
Status: in_force

1. As the Commission may determine, any bonds and other state securities issued hereunder, except as otherwise provided in the Constitution of the State, or in the State Securities Law, or in any act supplemental thereto, must: (a) Be of a convenient denomination or denominations; (b) Be fully negotiable within the meaning of and for all the purposes of the Uniform Commercial Code - Investment Securities; (c) Mature at such a time or serially at such times in regular numerical order at annual or other designated intervals in such amounts as designated and fixed by the Commission; (d) Be made payable in lawful money of the United States, at the office of the treasurer or any commercial bank or commercial banks within or without or both within and without the State as may be provided by the Commission; and (e) Be printed at such a place within or without this state, as the Commission may determine.

2. Any such bonds or other state securities must bear interest at a rate or rates which do not exceed the limit provided in NRS 349.076 . The interest must be made payable: (a) If the security constitutes a debt subject to the limitations stated in the first paragraph of Section 3 of Article 9 of the Constitution of this state, not less often than semiannually. (b) If the security does not constitute a debt or is issued for the protection and preservation of the State's property or natural resources or for the purpose of obtaining the benefits thereof, at intervals which the Commission shall designate, and the first interest payment may be for another period.

3. General obligation bonds must mature within 20 years from their date or within 20 years from the date of passage of the act authorizing their issuance or the issuance of any securities funded or refunded thereby, whichever limitation is shorter; but any bonds constituting a debt which is not subject to the limitations stated in the first paragraph of Section 3 of Article 9 of the Constitution of this state must mature within 50 years from their date.

4. Special obligation bonds must mature within 50 years from their date.
Nev. Rev. Stat. § 348.270 — NV Code / Title 30 / Chapter 348 / Section 348.270
Applicability
Status: in_force

This chapter applies to public securities issued by any public body pursuant to any general or special act or any charter, including any legislative charter.
Nev. Rev. Stat. § 349.983 — NV Code / Title 30 / Chapter 349 / Section 349.983
Purveyors of water that are eligible to receive grants; preference for smaller systems; matching money from other sources
Status: in_force

1. Grants may be made pursuant to paragraph (a) of subsection 1 of NRS 349.981 only for the Lincoln County Water District and those community and nontransient water systems that: (a) Were in existence on January 1, 1995; and (b) Are currently publicly owned.

2. In making its determination of which purveyors of water are to receive grants pursuant to paragraph (a) of subsection 1 of NRS 349.981 , the Board shall give preference to those purveyors of water whose public water systems regularly serve fewer than 6,000 persons.

3. Each recipient of a grant pursuant to paragraph (a) of subsection 1 of NRS 349.981 shall provide an amount of money for the same purpose. The Board shall develop a scale to be used to determine that amount, but the recipient must not be required to provide an amount less than 15 percent or more than 75 percent of the total cost of the project for which the grant is awarded. The scale must be based upon the average household income of the customers of the recipient, and provide adjustments for the demonstrated economic hardship of those customers, the existence of an imminent risk to public health and any other factor that the Board determines to be relevant.
Nev. Rev. Stat. § 350.656 — NV Code / Title 30 / Chapter 350 / Section 350.656
Employment of legal and other expert services; contracts for sale and other purposes
Status: in_force

1. The governing body on the behalf of the municipality may employ legal, fiscal, engineering and other expert services in connection with any project or any facilities, or both such project and facilities, and the authorization, sale and issuance of bonds and other securities hereunder.

2. The governing body on the behalf of the municipality is authorized to enter into any contracts or arrangements, not inconsistent with the provisions hereof, with respect to the sale of bonds or other securities hereunder, the employment of engineers, architects, financial consultants and bond counsel, and other matters as the governing body may determine to be necessary or desirable in accomplishing the purposes hereof.
Nev. Rev. Stat. § 349.168 — NV Code / Title 30 / Chapter 349 / Section 349.168
“Cost of any project” defined
Status: in_force

“Cost of any project,” or any phrase of similar import, means all or any part designated by the Commission of the cost of any project, or interest therein, which cost at the option of the Commission may include all or any part of the incidental costs pertaining to the project, including without limitation:

1. Preliminary expenses advanced by the State from funds available for use therefor, or advanced by the Federal Government, or from any other source, with the approval of the Commission or any board or other agency of the State responsible for the project or defraying the cost thereof, or any combination thereof;

2. The costs in the making of surveys, audits, preliminary plans, other plans, specifications, estimates of costs and other preliminaries;

3. The costs of premiums on builders' risk insurance and performance bonds, or a reasonably allocable share thereof;

4. The costs of appraising, printing, estimates, advice, services of engineers, architects, financial consultants, attorneys at law, clerical help or other agents or employees;

5. The costs of making, publishing, posting, mailing and otherwise giving any notice in connection with a project, the filing or recordation of instruments, the taking of options, the issuance of bonds and other securities, and bank fees and expenses;

6. The cost of contingencies;

7. The costs of the capitalization with proceeds of bonds or other securities issued hereunder of any operation and maintenance expenses appertaining to any facilities to be acquired as a project and of any interest on bonds or other securities for any period not exceeding the period estimated by the Commission to effect the project plus 1 year, of any discount on bonds or other securities, and of any reserves for the payment of the principal of and interest on the bonds or other securities, or any replacement expenses, and of any other cost of issuance of the bonds or other securities;

8. The costs of amending any resolution or other instrument authorizing the issuance of or otherwise appertaining to outstanding bonds or other securities of the State;

9. The costs of funding any short-term financing, construction loans and other temporary loans of not exceeding 5 years appertaining to a project and of the incidental expenses incurred in connection with such loans;

10. The costs of any properties, rights, easements or other interests in properties, or any licenses, privileges, agreements and franchises;

11. The costs of demolishing, removing or relocating any buildings, structures or other facilities on land acquired for any project, and of acquiring lands to which such buildings, structures or other facilities may be moved or relocated; and

12. All other expenses necessary or desirable and appertaining to a project, as estimated or otherwise ascertained by the commission.
Nev. Rev. Stat. § 349.320 — NV Code / Title 30 / Chapter 349 / Section 349.320
Issuance of state securities constituting debt to fund or refund special obligations not constituting indebtedness: Conditions; restrictions
Status: in_force

1. Except as otherwise provided in subsections 2 to 5, inclusive, this section does not authorize the State to issue any state securities constituting a debt for the purpose of funding or refunding state securities constituting special obligations which do not constitute an indebtedness.

2. Any special obligation securities of the State pertaining to any project may be funded or refunded by general obligation securities pertaining to the project only if the State is authorized by law to issue those funding or refunding securities at the time of their issuance, even though the State was not so authorized to issue them at the time of the issuance of any such funded or refunded securities.

3. If the issuance of general obligation bonds to defray the cost of the project is conditioned upon their approval by the qualified electors of the State at a special, primary or general election, any general obligation securities pertaining to the project and creating an indebtedness, by funding or refunding special obligation securities or otherwise, may be issued only if the bonds have been so approved at a special, primary or general election in the manner provided by law.

4. If a debt limitation pertains to any general obligation bonds or other securities of the State constituting an indebtedness and relating to any project, no general obligation securities pertaining to the project and creating an indebtedness, by funding or refunding special obligation securities or otherwise (in contradistinction to funding or refunding bonds merely reevidencing an indebtedness formerly evidenced by the securities funded or refunded), may be issued in a principal amount exceeding that debt limitation.

5. No bonds of the State may be refunded by the issuance of its interim debentures, its notes or its warrants. No interim debentures of the State may be funded by the issuance of its notes or its warrants.
Nev. Rev. Stat. § 349.238 — NV Code / Title 30 / Chapter 349 / Section 349.238
Annual levy of special tax to pay interest on and retire securities issued as general obligations; proceeds of tax kept in two special funds
Status: in_force

1. There must be levied annually a special tax on all property, both real and personal, subject to taxation within the boundaries of the State of Nevada, fully sufficient together with the revenue which will result from application of the rate to the net proceeds of minerals, without regard to any statutory limitations now or hereafter existing, to pay the interest on the general obligation state securities and to pay and retire the securities as provided in the State Securities Law and in any act supplemental hereto. The amount of money to be raised by the tax must be included in the annual estimate or budget for each county in the state for each year for which the tax is hereby required to be levied. The tax must be levied and collected in the same manner and at the same time as other taxes are levied and collected.

2. The proceeds thereof levied to pay interest on the securities must be kept by the State Treasurer in a special fund, separate and apart from all other funds, and the proceeds of the tax levied to pay the principal of the securities must be kept by the Treasurer in a special fund, separate and apart from all other funds. The two special funds must be used for no other purpose than the payment of the interest on the securities and the principal thereof, respectively, when due.
Nev. Rev. Stat. § 349.070 — NV Code / Title 30 / Chapter 349 / Section 349.070
Approval or rejection of bonds: Procedure
Status: in_force

1. If a majority of the electors voting on the bond question is in favor of the issuance of the bonds, the proposal to issue them shall have been carried, and the proper officers of the State shall, in the manner provided by law or in the manner expressed in the notice of the election, proceed to complete the printing, execution, advertisement and sale of the bonds.

2. If the majority of the electors voting on the bond question is against the issuance of the bonds, the proposal to issue them shall have failed, and the proper officers of the State shall proceed no further with the printing, execution, advertisement or sale of the bonds, but they shall certify the result of the election to the proper officers, board or governing board of the State.
Nev. Rev. Stat. § 349.303 — NV Code / Title 30 / Chapter 349 / Section 349.303
Delegation of power of Commission to sign contracts or accept binding bids for purchase of bonds; establishment of certain requirements and approval of certain terms by Commission for purchase of bonds
Status: in_force

1. The Commission may, before any sale of bonds, delegate to the Treasurer or his or her designee, or an agent in the case of securities described in subsection 1 of NRS 349.227 , the authority to sign a contract for the purchase of the bonds or to accept a binding bid for the bonds subject to the requirements specified by the Commission concerning: (a) The rate of interest on the bonds; (b) The dates on which and the prices at which the bonds may be called for redemption before maturity; (c) The price at which the bonds will be sold; and (d) The principal amount of the bonds and the amount of principal maturing in any particular year.

2. All terms of the bonds other than: (a) The rate of interest; (b) The dates and prices for the redemption of the bonds; (c) The price for the sale of the bonds; (d) The principal amount of the bonds; and (e) The requirements for the principal maturing in particular years, must be approved by the Commission before the bonds are delivered.

3. The final rate of interest, dates and prices of redemption, price for the sale of the bonds, principal amount and the requirements for the principal amount maturing in particular years are not required to be approved by the Commission if each of those terms complies with the requirements specified by the Commission before the contract for the purchase of the bonds is signed or the bid for the bonds is accepted.
Nev. Rev. Stat. § 348.430 — NV Code / Title 30 / Chapter 348 / Section 348.430
Appointment of agents by issuer; agreement for establishment and maintenance of central depository system
Status: in_force

1. An issuer may: (a) Appoint for such term as may be agreed, including for so long as an issue may be outstanding, corporate or other authenticating trustees, registrars, paying agents, other transfer agents, or other agents, and specify their rights, compensation and duties; (b) Limit their liabilities; and (c) Provide for their payment of liquidated damages in the event of a breach of certain of the duties imposed, which liquidated damages may be made payable to a financial intermediary.

2. None of the persons designated above in subsection 1 need have an office or do business within this state.

3. An issuer may enter into a binding agreement with custodian banks and financial intermediaries, and nominees of any of them, in connection with the establishment and maintenance by others of a central depository system for the transfer or pledge of federal securities, public securities or other securities for the benefit of the issuer.

4. Any such custodian banks, financial intermediaries and nominees may, if qualified and acting as fiduciaries, also serve as authenticating trustees, registrars, paying agents, other types of transfer agents and other agents of the issuer with respect to the same issue of public securities.
Nev. Rev. Stat. § 350.512 — NV Code / Title 30 / Chapter 350 / Section 350.512
“Commercial bank” defined
Status: in_force

“Commercial bank” means:

1. A state or national bank or trust company that is a member of the Federal Deposit Insurance Corporation, including, without limitation, a branch of the Federal Reserve Bank.

2. A credit union whose deposits are insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 672.755 .
Nev. Rev. Stat. § 350.702 — NV Code / Title 30 / Chapter 350 / Section 350.702
Issuance of bonds separately or in combination
Status: in_force

Bonds for refunding and bonds for any other purpose or purposes authorized hereby or by any other law may be issued separately or issued in combination in one series or more by the municipality in accordance with the provisions of the Local Government Securities Law.
Nev. Rev. Stat. § 350.508 — NV Code / Title 30 / Chapter 350 / Section 350.508
“Chair” and “chair of the municipality” defined
Status: in_force

“Chair” or “chair of the municipality” or any phrase of similar import means the de facto or de jure chair of the board of county commissioners, mayor of the city or town, president of the board of trustees of the school district, chair of the board of directors of any other type district, or the president thereof, or any other presiding officer or titular head of the municipality, or his or her successor in functions, if any.
Nev. Rev. Stat. § 348.210 — NV Code / Title 30 / Chapter 348 / Section 348.210
“Public security” defined
Status: in_force

“Public security” means any note, warrant, interim debenture or bond, including, without limitation, a temporary bond, or other security and comprises either a certificated public security or an uncertificated public security evidencing a loan and, before, on or after May 12, 1983, is authorized by the State to be incurred by a public body.
Nev. Rev. Stat. § 349.308 — NV Code / Title 30 / Chapter 349 / Section 349.308
Pledged revenues received or credited subject to immediate lien; priority and validity of lien
Status: in_force

1. Revenues pledged for the payment of any securities, as received by or otherwise credited to the State, shall immediately be subject to the lien of each such pledge without any physical delivery thereof, any filing or further act.

2. The lien of each such pledge and the obligation to perform the contractual provisions made in the authorizing resolution or other instrument appertaining thereto shall have priority over any or all other obligations and liabilities of the State, except as may be otherwise provided herein or in the resolution or other instrument, and subject to any prior pledges and liens theretofore created.

3. The lien of each such pledge shall be valid and binding as against all persons having claims of any kind in tort, contract or otherwise against the State irrespective of whether such persons have notice thereof.
Nev. Rev. Stat. § 348.070 — NV Code / Title 30 / Chapter 348 / Section 348.070
“Facsimile seal” defined
Status: in_force

“Facsimile seal” means a reproduction by engraving, imprinting, stamping or other means of the seal of the issuer, official or official body.
Nev. Rev. Stat. § 350.648 — NV Code / Title 30 / Chapter 350 / Section 350.648
Use of money received from issuance of municipal securities
Status: in_force

All moneys received from the issuance of any securities herein authorized shall be used solely for the purpose or purposes for which issued and to defray wholly or in part the cost of the project thereby delineated. Any accrued interest and any premium shall be applied to the cost of the project or to the payment of the interest on or the principal of the securities, or both interest and principal, or shall be deposited in a reserve therefor, or any combination thereof, as the governing body may determine.
Nev. Rev. Stat. § 348.100 — NV Code / Title 30 / Chapter 348 / Section 348.100
“Financial intermediary” defined
Status: in_force

“Financial intermediary” means a commercial bank, trust bank, broker or clearing corporation, or the nominee of any of them, or other person or its nominee, which in the ordinary course of its business maintains accounts relating to public securities for its customers, when so acting.
Nev. Rev. Stat. § 349.073 — NV Code / Title 30 / Chapter 349 / Section 349.073
Issuance of interim debentures to pay for general operations of the State upon certain determinations relating to State General Fund cash balance
Status: in_force

1. The State Board of Finance may issue general obligation interim debentures payable from taxes or special obligation interim debentures, which may be in the form of a line of credit, note or bond as provided by NRS 349.318 , for the purpose of paying for the general operations of the State, at any time or from time to time, in a face amount of not more than $150,000,000 if a request for the issuance of such interim debentures is approved by the Interim Finance Committee pursuant to the procedure set forth in subsections 2 and 3. The aggregate principal amount of such interim debentures outstanding at one time may not exceed $150,000,000.

2. If at any time the State Treasurer determines that the cash balance in the State General Fund is insufficient to meet expected future obligations, the State Treasurer shall submit to the Secretary of the Interim Finance Committee: (a) A certification of that fact and the amount of the insufficiency; and (b) A request for approval of the issuance of general obligation interim debentures pursuant to subsection 1 in an amount that does not exceed the limitation set forth in that subsection.

3. Within 15 days after the date on which such certification and request are submitted to the Secretary of the Interim Finance Committee, the Interim Finance Committee may consider the request and make a determination regarding whether to approve or disapprove the request. In determining whether to approve or disapprove the request, the Interim Finance Committee shall consider, among other things, the best interests of the State and the intent of the Legislature in enacting this provision. If the Interim Finance Committee approves the request, the Interim Finance Committee shall establish by resolution the maximum amount of such interim debentures that may be issued subject to the limitation set forth in subsection 1.

4. If the Interim Finance Committee does not consider or disapproves a request pursuant to the procedure set forth in subsection 3 within the 15-day period, the State Board of Finance shall not issue any such interim debentures.

5. Proceeds from the sale of interim debentures issued pursuant to this section must be deposited in the State General Fund. The interest and income earned on the proceeds of the interim debentures, including any line of credit, note or bond, after deducting any applicable charges and bond administrative expenses, must be credited to the State General Fund and used for the general operations of the State.

6. The provisions of NRS 349.150 to 349.364 , inclusive, which are not inconsistent with the provisions of this section apply to the issuance of interim debentures under this section.

7. Securities may be issued under this section without regard to the procedure required by any other such law except as otherwise provided in this section or in NRS 349.150 to 349.364 , inclusive. Insofar as the provisions of this section are inconsistent with the provisions of any other law, general or special, the provisions of this section are controlling.

8. This section being necessary to secure the public health, safety, convenience and welfare, shall be liberally construed to effect its purposes.

9. As used in this section, “ bond administrative expense ” has the meaning ascribed to it in NRS 349.110 .
Nev. Rev. Stat. § 349.980 — NV Code / Title 30 / Chapter 349 / Section 349.980
Definitions
Status: in_force

As used in NRS 349.980 to 349.987 , inclusive, unless the context otherwise requires:

1. “ Board ” means the Board for Financing Water Projects created pursuant to NRS 349.957 .

2. “ Community sewage disposal system ” means a public system of sewage disposal which is operated for the benefit of a county, city, district or other political subdivision of this State.

3. “ Community water system ” means a public water system which: (a) Has 15 or more service connections; or (b) Serves 25 or more persons, at places which are intended for year-round occupancy.

4. “ Costs of capital improvements to community water systems and nontransient water systems ” means the costs traditionally associated with capital improvements to such systems and includes costs associated with the: (a) Consolidation of existing systems; and (b) Transfer and connection of a public water system to a system owned by a purveyor of water or a public utility.

5. “ Division of Environmental Protection ” means the Division of Environmental Protection of the State Department of Conservation and Natural Resources.

6. “ Fund ” means the Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems and Improvements to Certain Sewage Disposal Systems.

7. “ Individual sewage disposal system ” means a single system of sewage treatment tanks and effluent disposal facilities that serves: (a) A single-family dwelling; or (b) One or more buildings that are used exclusively for commercial purposes and are not used as single-family dwellings.

8. “ Nontransient water system ” means a public water system that regularly serves 25 or more of the same persons for more than 6 months per year, but which is not a community water system.

9. “ Public water system ” has the meaning ascribed to it in NRS 445A.840 .

10. “ Purveyor of water ” means a political subdivision of this State engaged in the business of furnishing water, for compensation, to persons within the political subdivision.
Nev. Rev. Stat. § 349.944 — NV Code / Title 30 / Chapter 349 / Section 349.944
“Tax” defined
Status: in_force

“Tax” means a general tax upon property.
Nev. Rev. Stat. § 349.400 — NV Code / Title 30 / Chapter 349 / Section 349.400
Definitions
Status: in_force

As used in NRS 349.400 to 349.670 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 349.405 to 349.540 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 349.914 — NV Code / Title 30 / Chapter 349 / Section 349.914
Director: Allocation of proceeds of bonds
Status: in_force

A portion of the proceeds of the bonds, after the allocation to the Fund for the Retirement of Bonds, must be placed by the Director in a special Account for Venture Capital.
Nev. Rev. Stat. § 349.202 — NV Code / Title 30 / Chapter 349 / Section 349.202
“Taxation” defined
Status: in_force

“Taxation” means the levy and collection of taxes as defined in NRS 349.204 , but in NRS 349.354 “taxation” pertains to any type of tax, including, without limitation, any business, occupation or privilege tax, any other excise tax, and any property tax, except for the tax on estates imposed pursuant to the provisions of chapter 375A of NRS and the tax on generation-skipping transfers imposed pursuant to the provisions of chapter 375B of NRS .
Nev. Rev. Stat. § 348.320 — NV Code / Title 30 / Chapter 348 / Section 348.320
Election of issuer concerning applicability of chapter
Status: in_force

1. At the election of an issuer, made at any time prior to or at original issuance of a public security, this chapter may be made applicable. When this chapter applies, it is alternative to any provision of law to the contrary, and no such provision to the contrary applies.

2. The official or official body that is empowered to provide for the original issuance of a public security may make the election of the issuer, which must be part of the official actions with respect to such issuance.

3. An issuer may not rescind such an election after the original issuance of a public security pertaining thereto.
Nev. Rev. Stat. § 350.007 — NV Code / Title 30 / Chapter 350 / Section 350.007
“Medium-term obligation” defined
Status: in_force

“ Medium-term obligation ” means an obligation to repay borrowed money evidenced by a note or bond which is authorized to be issued pursuant to NRS 350.087 to 350.095 , inclusive, and which has a term of 10 years or less. The term does not include an obligation which has a term of less than 1 year and which is payable in full from money appropriated for the same fiscal year that the obligation is incurred.
Nev. Rev. Stat. § 348.200 — NV Code / Title 30 / Chapter 348 / Section 348.200
“Public body” defined
Status: in_force

“ Public body ” means this State, the Nevada System of Higher Education, or a city or town, incorporated or unincorporated, county, school district, other public educational institution, other district, authority or other body corporate and politic comprising a political subdivision of the State or acting on behalf thereof.
Nev. Rev. Stat. § 349.597 — NV Code / Title 30 / Chapter 349 / Section 349.597
Confidentiality of information concerning obligor
Status: in_force

1. Except as otherwise provided in subsection 2, the Director, the Board and the governing body of the county or city where a project is located shall make available for public inspection, upon request, information furnished by an obligor to obtain the Director's assistance in financing a project pursuant to NRS 349.400 to 349.670 , inclusive.

2. Except as ordered by a court of competent jurisdiction or as required by federal law, the Director, the Board and the governing body of the county or city where the project is located shall not, without the prior consent of the obligor, disclose proprietary information or financial statements or records of the obligor or guarantor that are not otherwise available to the public unless the obligor has: (a) Requested in writing that the information, statements or records be made public; or (b) Furnished the information, statements or records for a purpose other than obtaining the Director's assistance in financing a project pursuant to NRS 349.400 to 349.670 , inclusive.

3. As used in this section: (a) “Proprietary information” means any trade secret or other information which, if disclosed to members of the general public, may result in a competitive disadvantage to the obligor, including, without limitation: (1) Documents concerning the marketing or strategic planning of the obligor; (2) Data, studies and reports concerning the development of new products or services; and (3) Data that identify the share of the market of the obligor. (b) “Trade secret” has the meaning ascribed to it in NRS 600A.030 .
Nev. Rev. Stat. § 350.706 — NV Code / Title 30 / Chapter 350 / Section 350.706
Other statutory provisions applicable to refunding bonds
Status: in_force

Except as in NRS 350.684 to 350.704 , inclusive, expressly provided or necessarily implied, the relevant provisions elsewhere herein appertaining generally to the issuance of bonds to defray the cost of any project shall be equally applicable in the authorization and issuance of refunding bonds, including their terms and security, the covenants and other provisions of the ordinance authorizing the issuance of the bonds, or other instrument or proceedings appertaining thereto, and other aspects of the bonds.
Nev. Rev. Stat. § 350.654 — NV Code / Title 30 / Chapter 350 / Section 350.654
Special funds and accounts: Creation; purposes
Status: in_force

The governing body in any ordinance authorizing the issuance of bonds or other securities hereunder or in any instrument or other proceedings appertaining thereto may create special funds and accounts for the payment of the cost of a project, of operation and maintenance expenses, of the securities, including the accumulation and maintenance of reserves therefor, of improvements, including the accumulation and maintenance of reserves therefor, and of other obligations appertaining to the securities, any project or any facilities.
Nev. Rev. Stat. § 349.005 — NV Code / Title 30 / Chapter 349 / Section 349.005
“Bond question” defined
Status: in_force

As used in NRS 349.005 to 349.070 , inclusive, “bond question” means any proposal for the issuance of bonds or otherwise for the incurrence of a loan.
Nev. Rev. Stat. § 349.918 — NV Code / Title 30 / Chapter 349 / Section 349.918
Prerequisites for management company
Status: in_force

The management company must be:

1. Aware of and responsive to local issues;

2. Capable of supervising and financing an enterprise throughout its development;

3. Familiar with and able to cooperate with any agency or program of the United States for the development or promotion of small enterprises; and

4. Willing to locate branch offices in Nevada restricted to Nevada financing.
Nev. Rev. Stat. § 349.730 — NV Code / Title 30 / Chapter 349 / Section 349.730
“Guaranteed funding” defined
Status: in_force

“Guaranteed funding” means a loan made to a participating financial institution which includes an agreement to excuse its repayment, under specified conditions, made for the purpose of financing an eligible transaction. A guarantee may cover a pool of eligible transactions.
Nev. Rev. Stat. § 349.352 — NV Code / Title 30 / Chapter 349 / Section 349.352
Conclusive determination of Commission that statutory limitations have been met
Status: in_force

The determination of the Commission that the limitations in the State Securities Law imposed upon the issuance of bonds or upon the issuance of other securities hereunder, including without limitation any securities for funding or refunding securities, have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion regardless of whether the authorizing resolution or the securities thereby authorized contain a recital as authorized by NRS 349.274 .
Nev. Rev. Stat. § 350.534 — NV Code / Title 30 / Chapter 350 / Section 350.534
“Municipal” defined
Status: in_force

“Municipal” means pertaining to a municipality as defined in NRS 350.538 .
Nev. Rev. Stat. § 349.030 — NV Code / Title 30 / Chapter 349 / Section 349.030
Ballot boxes; mechanical recording devices for voting
Status: in_force

1. The election officers of the State who are charged with the duty of providing for and conducting the election shall provide one ballot box at each polling place for the purpose of the election. If a bond election is held in conjunction with a general election or any other election for other than the submission of the bond question, the same single ballot box must be used at each polling place.

2. Notwithstanding any other provision of NRS 349.010 to 349.070 , inclusive, at any bond election thereunder, ballots or votes may be cast, registered, recorded and counted by means of a mechanical recording device, as provided in the election laws of this state.
Nev. Rev. Stat. § 350.564 — NV Code / Title 30 / Chapter 350 / Section 350.564
“Trust bank” defined
Status: in_force

“Trust bank” means:

1. A commercial bank as defined in NRS 350.512 that is authorized to exercise and is exercising trust powers.

2. A branch of the Federal Reserve Bank.

3. A credit union whose deposits are insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 672.755 that is authorized to exercise and is exercising trust powers.
Nev. Rev. Stat. § 349.925 — NV Code / Title 30 / Chapter 349 / Section 349.925
Bonds: Refunding
Status: in_force

1. Any bonds issued under the provisions of NRS 349.900 to 349.929 , inclusive, may be refunded by the Director by the issuance of refunding bonds in an amount which the Director deems necessary to refund the principal of the bonds to be so refunded, any unpaid interest thereon and any premiums and incidental expenses necessary to be paid in connection with refunding.

2. Refunding may be carried out whether the bonds to be refunded have matured or thereafter mature, either by sale of the refunding bonds and the application of the proceeds to the payment of the bonds to be refunded, or by exchange of the refunding bonds for the bonds to be refunded. The holders of the bonds to be refunded must not be compelled, without their consent, to surrender their bonds for payment or exchange before the date on which they are payable by maturity, option to redeem or otherwise, or if they are called for redemption before the date on which they are by their terms subject to redemption by option or otherwise.

3. All refunding bonds issued pursuant to this section must be payable solely from revenues and other money out of which the bonds to be refunded thereby are payable or from revenues out of which bonds of the same character may be made payable under this or any other law in effect at the time of the refunding.
Nev. Rev. Stat. § 350.517 — NV Code / Title 30 / Chapter 350 / Section 350.517
“Disposal” and “dispose” defined
Status: in_force

“Disposal” or “dispose” means the sale, destruction, razing, loan, lease, grant, transfer, assignment, option to sell, other contract, or other disposition, or any combination thereof, of facilities, other property, or any interest therein.
Nev. Rev. Stat. § 350.350 — NV Code / Title 30 / Chapter 350 / Section 350.350
Short title
Status: in_force

NRS 350.350 to 350.490 , inclusive, may be cited as the Water and Sewer Revenue Bond Law.
Nev. Rev. Stat. § 350.550 — NV Code / Title 30 / Chapter 350 / Section 350.550
“Pledged revenues” defined
Status: in_force

“Pledged revenues” means the moneys pledged wholly or in part for the payment of bonds or other municipal securities issued in accordance with the provisions of the Local Government Securities Law, and, subject to any existing pledges or other contractual limitations:

1. May include at the governing body's discretion moneys derived from one, all or any combination of revenue resources appertaining to any facilities, including without limitation use and service charges, rents, fees and any other income derived from the operation or ownership of, from the use or services of, or from the availability of or services appertaining to, the lease of, any sale or other disposal of, any contract or other arrangement, or otherwise derived in connection with any facilities or all or any part of any property appertaining to any facilities;

2. May so include all loans, grants, or contributions to the municipality, if any, conditional or unconditional, from the Federal Government, the State or any public body for the payment of the principal of, the interest on, and any prior redemption premiums due in connection with any municipal securities issued hereunder, or any combination thereof; and

3. May so include the proceeds of any excise taxes levied and collected by the municipality or otherwise received by it and authorized by law (other than the Local Government Securities Law) to be pledged for the payment of municipal securities issued in accordance with the provisions of the Local Government Securities Law, but excluding the proceeds of any taxes as defined in NRS 350.560 .
Nev. Rev. Stat. § 351.060 — NV Code / Title 30 / Chapter 351 / Section 351.060
Unlawful acts; penalty
Status: in_force

A person who with the intent to defraud uses on a public security or an instrument of payment:

1. A facsimile signature, or any reproduction of it, of any authorized officer; or

2. Any facsimile seal, or any reproduction of it, of this state or any of its departments, agencies or other instrumentalities or of any of its political subdivisions,

is guilty of a category D felony and shall be punished as provided in NRS 193.130 .
Nev. Rev. Stat. § 349.912 — NV Code / Title 30 / Chapter 349 / Section 349.912
Director: Selection of management company; agreement; regulations; expenses of operation and maintenance; employees, advisers and consultants
Status: in_force

The Director may, upon approval of the Board:

1. Select the management company;

2. Enter into an agreement;

3. Adopt regulations necessary to carry out the provisions of NRS 349.900 to 349.929 , inclusive;

4. Charge the Account for Venture Capital for the expenses of operation and maintenance; and

5. Employ or contract for the services of attorneys, accountants, financial experts and any other advisers, employees, consultants and agents as the Director determines to be necessary to carry out the provisions of NRS 349.900 to 349.929 , inclusive.
Nev. Rev. Stat. § 350.668 — NV Code / Title 30 / Chapter 350 / Section 350.668
Rights and remedies cumulative
Status: in_force

No right or remedy conferred upon any holder of any securities or any coupon appertaining thereto or any trustee for such holder hereby or by any proceedings appertaining to the issuance of such securities or coupon is exclusive of any right or remedy, but each such right or remedy is cumulative and in addition to every other right or remedy and may be exercised without exhausting and without regard to any other remedy conferred hereby or by any other law.
Nev. Rev. Stat. § 349.520 — NV Code / Title 30 / Chapter 349 / Section 349.520
“Revenues” defined
Status: in_force

“Revenues” of a project, or derived from a project, include payments under a lease, agreement of sale or financing agreement, or under notes, debentures, bonds and other secured or unsecured debt obligations of an obligor executed and delivered by the obligor to the Director or his or her designee or assignee (including a trustee) pursuant to such lease, agreement of sale or financing agreement, or under any guarantee of or insurance with respect to any of these.
Nev. Rev. Stat. § 349.985 — NV Code / Title 30 / Chapter 349 / Section 349.985
Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems and Improvements to Certain Sewage Disposal Systems: Deposit of money; interest and income credited to Fund
Status: in_force

All money received for the Fund from:

1. The issuance of bonds pursuant to NRS 349.986 ; or

2. Any other source, must be deposited with the State Treasurer to the credit of the Fund. The interest and income earned on the money in the Fund, after deducting any applicable charges, must be credited to the Fund.
Nev. Rev. Stat. § 350.012 — NV Code / Title 30 / Chapter 350 / Section 350.012
Meetings; officers; removal of member; quorum; compensation
Status: in_force

1. The commission shall meet during the month of February of each year to organize by selecting a chair and vice chair. In a county whose population is 700,000 or more, the chair must be one of the representatives of the board of county commissioners. The county clerk is ex officio the secretary of the commission.

2. In addition to the organizational meeting, each commission shall meet annually in August of each year and at the call of the chair whenever business is presented, as provided in NRS 350.014 and 350.0145 .

3. In conjunction with the meetings required by subsections 1 and 2, the commission in a county whose population: (a) Is 100,000 or more but less than 700,000, shall meet each calendar quarter. (b) Is 700,000 or more, shall meet each month. The meetings required by this subsection must be scheduled at each annual meeting in August.

4. The appointing authority may remove a member of a commission in a county whose population: (a) Is 700,000 or more if the member fails to attend three consecutive meetings or five meetings during a calendar year. (b) Is 100,000 or more but less than 700,000 if the member fails to attend two consecutive meetings or three meetings during a calendar year. (c) Is less than 100,000 if the member fails to attend at least one meeting during a calendar year.

5. Except as otherwise provided in subsection 3 of NRS 350.0115 , a majority of the members constitutes a quorum for all purposes.

6. The governing body of the county may provide for the payment to members of the commission who serve as representatives of the public at large: (a) Compensation of not more than $40, as fixed by the governing body, for each day or portion of a day of attendance at a meeting of the commission, not to exceed $400 paid to each such member per month. (b) While engaged in the business of the commission, the per diem allowance and travel expenses generally provided for officers and employees of the county, if any.
Nev. Rev. Stat. § 349.902 — NV Code / Title 30 / Chapter 349 / Section 349.902
“Account for Venture Capital” defined
Status: in_force

“Account for Venture Capital” means the special fund which contains that portion of the proceeds from the sale of the bonds allocated for venture capital by the Director or his or her representative.
Nev. Rev. Stat. § 350A.040 — NV Code / Title 30 / Chapter 350A / Section 350A.040
“Cost of a lending project” defined
Status: in_force

“Cost of a lending project” means all or any designated part of the cost of any lending project, including any incidental cost pertaining to such a project. The cost of a lending project may include, without limitation, the costs of:

1. Surveys, audits, preliminary plans, other plans, specifications, estimates and other costs of preparations.

2. Appraising, printing, estimating, advice, services of engineers, architects, financial consultants, attorneys, clerical personnel and other agents and employees.

3. Publishing, posting, mailing and otherwise giving notice, filing or recording instruments, taking options and fees to banks and credit unions.

4. Establishment of a reserve for contingencies.

5. Interest on state securities for any time which does not exceed 3 years, discounts on such state securities, reserves for the payment of the principal of and interest on such securities, replacement expenses and other costs of issuing such securities.

6. Amending any resolution or other instrument authorizing the issuance of, or otherwise relating to, state securities for any lending project.

7. Funding medium-term obligations.

8. Financing the issuance of state securities and any other expenses necessary in connection with a lending project, as determined by the Board.
Nev. Rev. Stat. § 349.050 — NV Code / Title 30 / Chapter 349 / Section 349.050
Qualifications of electors; absent voting
Status: in_force

1. Every citizen of the United States, 18 years of age or over, who has resided in the State and in the county 30 days next preceding such election, is entitled to vote at the election if he or she has complied with the registration laws of this state.

2. The provisions of the election laws of this state relating to voting by mail shall apply to all bond elections under NRS 349.010 to 349.070 , inclusive.

3. Subsection 1 does not exclude the registration of eligible persons whose 18th birthday or the date of whose completion of the required residence occurs on or before the election at which is submitted the proposal for a bond issue or otherwise for the incurrence of a loan under NRS 349.010 to 349.070 , inclusive.
Nev. Rev. Stat. § 350.610 — NV Code / Title 30 / Chapter 350 / Section 350.610
Faith of State pledged against repeal, amendment or modification of Local Government Securities Law
Status: repealed

The faith of the State is hereby pledged that the Local Government Securities Law, any law supplemental or otherwise appertaining thereto, and any other act concerning the bonds or other municipal securities, taxes or the pledged revenues or any combination of such securities, such taxes and such revenues shall not be repealed nor amended or otherwise directly or indirectly modified in such a manner as to impair adversely any outstanding municipal securities, until all such securities have been discharged in full or provision for their payment and redemption has been fully made, including without limitation the known minimum yield from the investment or reinvestment of moneys pledged therefor in federal securities.
Nev. Rev. Stat. § 350A.025 — NV Code / Title 30 / Chapter 350A / Section 350A.025
“Allocable local revenues” defined
Status: in_force

“Allocable local revenues” means amounts received by the State which are payable to a municipality and which are designated as allocable by the municipality in the instrument authorizing the revenue security with respect to a particular lending project.
Nev. Rev. Stat. § 350.584 — NV Code / Title 30 / Chapter 350 / Section 350.584
Municipal securities payable from gross revenues: Covenant requiring appropriations to pay operation and maintenance expenses
Status: in_force

Any ordinance authorizing the issuance of general obligation securities or special obligation securities payable from gross revenues or any indenture or other proceedings appertaining thereto may contain a covenant of the municipality that to the extent required, as provided therein, the municipality will pay operation and maintenance expenses by appropriation from its general fund and that to the extent the moneys accounted for therein are insufficient for that purpose the municipality shall levy taxes therefor.
Nev. Rev. Stat. § 349.218 — NV Code / Title 30 / Chapter 349 / Section 349.218
Notes and warrants: Maturity; extension or funding
Status: in_force

Notes and warrants may mature at such time or times not exceeding 1 year from the date or the respective dates of their issuance as the Commission may determine. They shall not be extended or funded except by the issuance of bonds or interim debentures in compliance with NRS 349.318 to 349.326 , inclusive, and other provisions supplemental thereto.
Nev. Rev. Stat. § 349.915 — NV Code / Title 30 / Chapter 349 / Section 349.915
Contents of agreement
Status: in_force

In the agreement the management company shall agree to invest the money and other assets in the Account for Venture Capital consistent with the purposes of NRS 349.900 to 349.929 , inclusive. In addition, the agreement must:

1. Specify the length of the term of the agreement, the compensation to be paid the management company and the method by which the agreement may be terminated before the expiration of its term.

2. Impose a fiduciary duty on the management company in the administration of the Account for Venture Capital, including the preservation and protection of the money and other assets in the Account for Venture Capital before their investment.

3. Prohibit the Director from participating in the decisions regarding the investment of the money and other assets in the Account for Venture Capital.

4. Specify the grounds for terminating the agreement for cause other than the poor performance of certain enterprises in which the money is invested.

5. Authorize the Director or the management company to terminate the agreement without cause upon written notice to the other party. The amount of time necessary for notice may be negotiated between the Director and the management company.

6. Authorize the Director to require the management company to adhere to certain objectives and policies for investment applicable to the Account for Venture Capital to ensure the achievement of the goals prescribed in NRS 349.900 , and to terminate the contract if the management company fails to adhere to those objectives and policies.

7. Prohibit the management company, upon termination of the agreement for any reason, from making any additional investment for the Account for Venture Capital after the date of notice of the termination, unless the investment is authorized in writing by the Director.
Nev. Rev. Stat. § 349.984 — NV Code / Title 30 / Chapter 349 / Section 349.984
Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems and Improvements to Certain Sewage Disposal Systems: Creation; use; payment of claims
Status: in_force

1. The Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems and Improvements to Certain Sewage Disposal Systems is hereby created.

2. Except as otherwise provided by subsections 3 and 4 of NRS 349.982 , the money in the Fund must be used only to make grants in furtherance of the program.

3. All claims against the Fund must be paid as other claims against the State are paid.
Nev. Rev. Stat. § 349.982 — NV Code / Title 30 / Chapter 349 / Section 349.982
Powers and duties of Board for Financing Water Projects: Administration of program; adoption of regulations; use of money in Fund to defray certain costs and expenses; imposition of administrative fee
Status: in_force

1. The Board shall administer the program and shall adopt regulations necessary for that purpose.

2. The regulations must provide such requirements for participation in the program as the Board deems necessary.

3. The money in the Fund may be used to defray, in whole or in part, the costs of administering the Fund and the expenses of the Board in administering the program.

4. The Board may, by regulation, impose an administrative fee which must be collected from each recipient of a grant from the Fund. If such a fee is imposed, all revenue derived from the fee must be used to defray, in whole or in part, the costs of administering the Fund and the expenses of the Board in administering the program.
Nev. Rev. Stat. § 349.100 — NV Code / Title 30 / Chapter 349 / Section 349.100
Deposits of money in Fund
Status: in_force

All moneys in the State Treasury on March 28, 1939, credited to the account of any bond issue theretofore created by the State of Nevada, and all funds to be received thereafter on account of and for the purpose of any bond issue the redemption of which is pledged by the faith of the people of the State of Nevada, shall be placed in the Consolidated Bond Interest and Redemption Fund.
Nev. Rev. Stat. § 349.810 — NV Code / Title 30 / Chapter 349 / Section 349.810
Advisory Committee on Financing Exports: Powers and duties
Status: in_force

1. If the Advisory Committee on Financing Exports is created, it has only the powers and duties authorized by law.

2. If created, the Committee shall review and make recommendations to the Director concerning: (a) Any regulations proposed by the Director to carry out the program; (b) The findings of the Director pursuant to NRS 349.825 ; and (c) Those long-term financial commitments for more than 1 year, limits on credit, and transactions, concerning any one exporter, which involve $50,000 or more.
Nev. Rev. Stat. § 349.725 — NV Code / Title 30 / Chapter 349 / Section 349.725
“Exporter” defined
Status: in_force

“Exporter” means any person, the State and its political subdivisions or any agency of either, a legal representative of a trust or an estate, or their agents or assigns which is eligible for guaranteed funding.
Nev. Rev. Stat. § 348.360 — NV Code / Title 30 / Chapter 348 / Section 348.360
Powers of issuer; priority of liens
Status: in_force

1. An issuer, prior to or at original issuance, may provide as a part of a system of full registration: (a) That the transferor or transferee of the public securities pay all or a designated part of the costs of the system; (b) That costs be paid out of proceeds of the public securities; or (c) That both methods be used.

2. The portion of the costs of the system not provided to be paid for by the transferor or the transferee or out of proceeds of the public security are otherwise the obligation of the issuer.

3. The issuer may as a part of the system provide for the reimbursement or for satisfaction of its obligation by payment by others.

4. The issuer may: (a) Enter into binding agreements with others respecting such reimbursement or payment; (b) Establish fees and charges pursuant to such agreements or otherwise; (c) Provide that the amount or estimated amount of these fees and charges are an obligation of users, or benefited properties or persons, or other persons in interest; (d) Provide for the collection of this amount and reasonable collection costs, upon an assessment or tax roll (whether or not the issuer is authorized to levy assessments or taxes), by billing, or by some other method; and (e) Provide for enforcement by the establishment of a lien for collection on an assessment or tax roll, recordation of a lien, foreclosure and sale, personal action for judgment or other method.

5. Any lien, whether established for collection on an assessment or tax roll or separately by recordation may, if the system so provides, be on a parity with the liens for assessments and taxes, or if the lien for assessments is subordinate to the lien for taxes, on a parity with the lien for assessments, not subject to extinguishment by foreclosure or sale under the lien for any assessments and, if the lien of taxes is on a parity with the lien of assessments, under the lien for any taxes and prior and superior to all liens of any excise taxes, and all demands, executions, titles, liens and encumbrances, whenever created or otherwise fixed.
Nev. Rev. Stat. § 350.0065 — NV Code / Title 30 / Chapter 350 / Section 350.0065
“Local government” defined
Status: in_force

“ Local government ” has the meaning ascribed to it in NRS 354.474 .
Nev. Rev. Stat. § 349.922 — NV Code / Title 30 / Chapter 349 / Section 349.922
Bonds: Special obligations of State
Status: in_force

1. All bonds issued by the Director pursuant to NRS 349.900 to 349.929 , inclusive, are special, limited obligations of the State.

2. The bonds and interest coupons, if any, which are a part of those bonds do not constitute the debt or indebtedness of the State or any city or county within the meaning of any provision or limitation of the Constitution of the State of Nevada or of a statute, and do not constitute or give rise to a pecuniary liability of the State or a charge against its general credit or taxing powers. This limitation must be plainly stated on the face of each bond.
Nev. Rev. Stat. § 349.017 — NV Code / Title 30 / Chapter 349 / Section 349.017
Notice of registration of electors for special election; hours for registration
Status: in_force

1. If the bond question is submitted at a general election, no notice of registration of electors is required other than that required by the laws for a general election.

2. If the bond question is submitted at a special election, the clerk of each county shall cause to be published, at least once a week for 2 consecutive weeks by two weekly insertions a week apart, the first publication to be not more than 50 days nor less than 42 days next preceding the election, in a newspaper published within the county, if any is so published, and having a general circulation therein, a notice signed by him or her to the effect that registration for the special election will be closed on a date and time designated therein, as provided in this section.

3. The office of the county clerk in each county of this State must be open for such a special election, from 9 a.m. to 12 m. and 1 p.m. to 5 p.m. on Mondays through Fridays, with Saturdays, Sundays and legal holidays excepted, for the registration of any qualified elector.

4. The office of the county clerk must be open for registration of voters for such a special election up to but excluding the 30th day next preceding that election and during regular office hours.
Nev. Rev. Stat. § 350.500 — NV Code / Title 30 / Chapter 350 / Section 350.500
Short title
Status: in_force

NRS 350.500 to 350.720 , inclusive, may be cited as the Local Government Securities Law.
Nev. Rev. Stat. § 350A.153 — NV Code / Title 30 / Chapter 350A / Section 350A.153
Limitations and conditions upon issuance of state securities to acquire revenue securities; exceptions
Status: in_force

1. This chapter does not confer upon a municipality authority to pledge revenues for the payment of revenue securities. Any such authority must be derived from other law.

2. No state securities may be issued pursuant to this chapter for the purpose of acquiring revenue securities unless the governing body of the municipality issuing the revenue securities includes within the ordinance, resolution or other instrument authorizing the issuance of the revenue securities a statement authorizing the State Treasurer and any other appropriate state officer to withhold from any allocable local revenues to which the municipality is otherwise entitled an amount necessary and legally available to pay the principal and interest due on the revenue securities if the municipality fails to pay timely such principal and interest. The governing body of the municipality shall provide to the State Treasurer: (a) A copy of the ordinance, resolution or other instrument authorizing the issuance of the revenue securities; (b) A schedule of payments for the revenue securities; and (c) The name and address of the person from whom payments of principal and interest on the revenue securities will be received by the State Treasurer.

3. Payments of principal and interest on revenue securities must be due not later than 1 working day before the payments of principal and interest are due on the state securities issued to acquire the revenue securities. If a payment of the principal or interest on revenue securities is not received by the State Treasurer by the date on which the payment is due, the State Treasurer shall immediately notify the municipality to determine if the payment will be immediately forthcoming. If the payment will not be immediately forthcoming, the State Treasurer shall: (a) Forward the amount necessary to make the payment from any legally available money in the reserve fund created for that purpose in the bond bank fund; and (b) Withhold that amount from the next payment to the municipality of allocable local revenues legally available therefor. If the amount so withheld is insufficient to pay the amount due, the State Treasurer may continue to withhold any amounts necessary from subsequent payments to the municipality until the amount due is paid.

4. If, after being notified pursuant to this section, a municipality fails to make a payment of principal or interest on any revenue securities issued by it, the State Treasurer shall notify the Department of Taxation and request that action be taken pursuant to the provisions of NRS 354.685 .

5. The State Controller and the Director of the Office of Finance shall approve requisitions or transfers required pursuant to this section and take such other action as is necessary to carry out the provisions of this section.

6. The provisions of subsections 2 to 5, inclusive, do not: (a) Apply to municipal bonds issued on or before June 30, 2011, where the bondholder or issuer may claim or receive a tax credit pursuant to the provisions of the Internal Revenue Code. (b) Authorize state taxes to be pledged to pay special obligations of the State.
Nev. Rev. Stat. § 350.2013 — NV Code / Title 30 / Chapter 350 / Section 350.2013
Issuance or sale more than 6 years after date of election prohibited; exception
Status: in_force

Except as otherwise provided in subsection 4 of NRS 350.020 , no security may be issued or sold by a political subdivision of this state after the expiration of 6 years from the date of the election authorizing such issue, if an election is required by any law whenever enacted.
Nev. Rev. Stat. § 349.310 — NV Code / Title 30 / Chapter 349 / Section 349.310
Rights and powers of holders of state securities and trustees
Status: in_force

Subject to any contractual limitations binding upon the holders of any issue or series of state securities, or trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion, percentage or number of such holders, and subject to any prior or superior rights of others, any holder of securities, or trustee therefor, shall have the right and power, for the equal benefit and protection of all holders of securities similarly situated:

1. By mandamus or other suit, action or proceeding at law or in equity to enforce his or her rights against the State, the Commission, and any other of the officers, agents and employees of the State, to require and compel the State, the Commission, or any such officers, agents or employees to perform and carry out their respective duties, obligations or other commitments hereunder and their respective covenants and agreements with the holder of any security;

2. By action or suit in equity to require the State to account as if it is the trustee of an express trust;

3. By action or suit in equity to have appointed a receiver, which receiver may enter and take possession of any facilities and any pledged revenues for the payment of the securities, prescribe sufficient fees derived from the facilities, and collect, receive and apply all pledged revenues or other moneys pledged for the payment of the securities in the same manner as the State itself might do in accordance with the obligations of the State; and

4. By action or suit in equity to enjoin any acts or things which may be unlawful or in violation of the rights of the holder of any securities and to bring suit thereupon.
Nev. Rev. Stat. § 348.280 — NV Code / Title 30 / Chapter 348 / Section 348.280
Construction: Separate grant of powers; supplemental provisions
Status: in_force

1. This chapter as to matters contained therein constitutes an additional and separate grant of powers, and such powers may be exercised without regard to provisions concerning such matters in any other law; but this chapter is not a restriction or limitation on the exercise of powers by a public body under any other law or charter.

2. The provisions of the Uniform Commercial Code and the principles of contract law relative to the transfer of public securities supplement the provisions of this chapter. This chapter as so supplemented is supplemental to each law of this state, whether adopted before or after this chapter, empowering or regulating the issuance of public securities.
Nev. Rev. Stat. § 348.330 — NV Code / Title 30 / Chapter 348 / Section 348.330
Issuer may issue certificated and uncertificated public securities
Status: in_force

An issuer may issue either certificated public securities or uncertificated public securities, or both certificated public securities and uncertificated public securities, under this chapter notwithstanding any inconsistent provision (e.g., a provision that the issuer must issue coupon bonds) stated in a bond question, election proceedings or other preliminary proceedings, or any combination thereof, as the case may be, approved, adopted or otherwise taken before May 12, 1983.
Nev. Rev. Stat. § 349.916 — NV Code / Title 30 / Chapter 349 / Section 349.916
Objective of investments for Account for Venture Capital
Status: in_force

The objective of the investments for the Account for Venture Capital is to seek the appreciation of long-term capital by investing venture capital in new developing enterprises which the management company believes offers the possibility of significant long-term growth consistent with the protection of the environment of the State.
Nev. Rev. Stat. § 350.0055 — NV Code / Title 30 / Chapter 350 / Section 350.0055
“Installment-purchase agreement” defined
Status: in_force

“ Installment-purchase agreement ” means an agreement for the purchase of real or personal property by installment or lease or another transaction that is described in NRS 350.800 which:

1. Is required to be counted against any limit upon the debt of a local government pursuant to subsection 1 of NRS 350.800 ; or

2. Is not required to be counted against any limit upon the debt of a local government and: (a) Exceeds $100,000 for a local government in a county whose population is 100,000 or more; or (b) Exceeds $50,000 for a local government in a county whose population is less than 100,000.

The term “installment-purchase agreement” does not include an obligation to pay rent pursuant to a lease which contains no option or right to purchase or which contains only an option or right to purchase the property without any credit towards the purchase price for lease or rental payments.
Nev. Rev. Stat. § 349.460 — NV Code / Title 30 / Chapter 349 / Section 349.460
“Finance” and “financing” defined
Status: in_force

“Finance” or “financing” includes the issue of bonds by the Director for the purpose of using substantially all of the proceeds to pay (or to reimburse the obligor or its designee) for the costs of acquiring, improving and equipping a project, whether these costs are incurred by the Director, the obligor or a designee of the obligor.
Nev. Rev. Stat. § 350.195 — NV Code / Title 30 / Chapter 350 / Section 350.195
Financial adviser: Prohibited acts
Status: in_force

A financial adviser who provides any report required pursuant to NRS 350.105 to 350.195 , inclusive, must not:

1. Be;

2. Control;

3. Be controlled by; or

4. Be under common control with,

an underwriter for the bonds if those bonds are sold at a negotiated sale.
Nev. Rev. Stat. § 348.410 — NV Code / Title 30 / Chapter 348 / Section 348.410
Statements describing registrants' rights
Status: in_force

1. The issuer shall provide, with respect to its uncertificated public securities, for the sending of written statements which provide a record of certain rights as of the time of issuance of the statements.

2. These statements must be sent to each person acquiring rights by registration in uncertificated public securities, and the statements so sent must be signed by an authorized officer or by a person whose signature is required or permitted to be placed on a certificated public security of the same class or series.

3. Statements as such, confer no rights on the recipient. A statement is neither a negotiable instrument nor a public security.
Nev. Rev. Stat. § 350.536 — NV Code / Title 30 / Chapter 350 / Section 350.536
“Municipal securities” and “securities” defined
Status: in_force

“Municipal securities” or merely “securities” means notes, warrants, bonds, temporary bonds and interim debentures authorized to be issued by any municipality hereunder.
Nev. Rev. Stat. § 349.076 — NV Code / Title 30 / Chapter 349 / Section 349.076
Maximum rate of interest on securities issued by State
Status: in_force

Except as otherwise provided by a specific statute, including, without limitation, NRS 99.067 , the rate or rates of interest on securities issued by the State must not exceed by more than 3 percent:

1. For general obligations, the Index of Twenty Bonds; and

2. For special obligations, the Index of Revenue Bonds,

which was most recently published before the bids are received or a negotiated offer is accepted.
Nev. Rev. Stat. § 349.256 — NV Code / Title 30 / Chapter 349 / Section 349.256
Faith of State pledged against repeal, amendment or modification of State Securities Law
Status: repealed

The faith of the State is hereby pledged that the State Securities Law, any law supplemental or otherwise appertaining thereto, and any other act concerning the bonds or other state securities, taxes or the pledged revenues or any combination of such securities, such taxes and such revenues, shall not be repealed nor amended or otherwise directly or indirectly modified in such a manner as to impair adversely any outstanding state securities, until all such securities have been discharged in full or provision for their payment and redemption has been fully made, including without limitation the known minimum yield from the investment or reinvestment of moneys pledged therefor in federal securities.
Nev. Rev. Stat. § 349.338 — NV Code / Title 30 / Chapter 349 / Section 349.338
Refunding bonds: Exchange for outstanding bonds or federal securities; public or private sale
Status: in_force

1. Any bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds being refunded or may be publicly or privately sold.

2. The refunding bonds, or any part thereof, except as limited by subsection 2 of NRS 349.344 , may be exchanged by the State for federal securities and other securities of the Federal Government which have been made available for escrow investment by any purchaser of refunding bonds, upon terms of exchange mutually agreed upon, and any such securities so received by the State shall be placed in escrow as provided in NRS 349.342 and 349.344 .
Nev. Rev. Stat. § 349.981 — NV Code / Title 30 / Chapter 349 / Section 349.981
Program to provide grants for water conservation and capital improvements to certain water systems; Board for Financing Water Projects to determine recipients of grants; applicability to certain recipients of provisions governing public works
Status: in_force

1. There is hereby established a program to provide grants of money to: (a) A purveyor of water to pay for costs of capital improvements to publicly owned community water systems and publicly owned nontransient water systems required or made necessary by the State Environmental Commission pursuant to NRS 445A.800 to 445A.955 , inclusive, or made necessary by the Safe Drinking Water Act, 42 U.S.C. §§ 300f et seq., and the regulations adopted pursuant thereto. (b) An eligible recipient to pay for the cost of improvements to conserve water, including, without limitation: (1) Piping or lining of an irrigation canal; (2) Recovery or recycling of wastewater or tailwater; (3) Scheduling of irrigation; (4) Measurement or metering of the use of water; (5) Improving the efficiency of irrigation operations; and (6) Improving the efficiency of the operation of a facility for the storage of water, including, without limitation, efficiency in diverting water to such a facility. (c) An eligible recipient to pay the following costs associated with connecting a domestic well or well with a temporary permit to a municipal water system, if the well was in existence on or before October 1, 1999, and the well is located in an area designated by the State Engineer pursuant to NRS 534.120 as an area where the groundwater basin is being depleted: (1) Any local or regional fee for connection to the municipal water system. (2) The cost of any capital improvement that is required to comply with a decision or regulation of the State Engineer. (d) An eligible recipient to pay the following costs associated with abandoning an individual sewage disposal system and connecting the property formerly served by the abandoned individual sewage disposal system to a community sewage disposal system, if the Division of Environmental Protection requires the individual sewage disposal system to be abandoned and the property upon which the individual sewage disposal system was located to be connected to a community sewage disposal system pursuant to the provisions of NRS 445A.300 to 445A.730 , inclusive, or any regulations adopted pursuant thereto: (1) Any local or regional fee for connection to the community sewage disposal system. (2) The cost of any capital improvement that is required to comply with a statute of this State or a decision, directive, order or regulation of the Division of Environmental Protection. (e) An eligible recipient to pay the following costs associated with abandoning an individual sewage disposal system and connecting the property formerly served by the abandoned individual sewage disposal system to a community sewage disposal system, if the Division of Environmental Protection approves a program or project for the protection of groundwater quality developed by the State or a local government that provides for the abandonment of an individual sewage disposal system and the connection of the property upon which the individual sewage disposal system was located to a community sewage disposal system pursuant to the provisions of NRS 445A.300 to 445A.730 , inclusive, or any regulations adopted pursuant thereto: (1) Any local or regional fee for connection to the community sewage disposal system. (2) The cost of any capital improvement that is required to comply with a statute of this State or a decision, directive, order or regulation of the Division of Environmental Protection. (f) An eligible recipient to pay the following costs associated with plugging and abandoning a well and connecting the property formerly served by the well to a municipal water system, if the State Engineer requires the plugging of the well pursuant to subsection 3 of NRS 534.180 or if the quality of the water of the well fails to comply with the standards of the Safe Drinking Water Act, 42 U.S.C. §§ 300f et seq., and the regulations adopted pursuant thereto: (1) Any local or regional fee for connection to the municipal water system. (2) The cost of any capital improvement that is required for the water quality in the area where the well is located to comply with the standards of the Safe Drinking Water Act, 42 U.S.C. §§ 300f et seq., and the regulations adopted pursuant thereto. (3) The cost of plugging and abandoning a well and connecting the property formerly served by the well to a municipal water system. (g) A governing body to pay the costs associated with developing and maintaining a water resource plan.

2. Except as otherwise provided in NRS 349.983 , the determination of who is to receive a grant is solely within the discretion of the Board.

3. For any construction work paid for in whole or in part by a grant provided pursuant to this section to a nonprofit association or nonprofit cooperative corporation that is an eligible recipient, the provisions of NRS 338.013 to 338.090 , inclusive, apply to: (a) Require the nonprofit association or nonprofit cooperative corporation to include in the contract for the construction work the contractual provisions and stipulations that are required to be included in a contract for a public work pursuant to those statutory provisions. (b) Require the nonprofit association or nonprofit cooperative corporation to comply with those statutory provisions in the same manner as if it was a public body that had undertaken the project or had awarded the contract. (c) Require the contractor who is awarded the contract for the construction work, or a subcontractor on the project, to comply with those statutory provisions in the same manner as if he or she was a contractor or subcontractor, as applicable, engaged on a public work.

4. As used in this section: (a) “ Eligible recipient ” means: (1) A political subdivision of this State, including, without limitation, a city, county, unincorporated town, water authority, conservation district, irrigation district, water district or water conservancy district. (2) A nonprofit association or nonprofit cooperative corporation that provides water service only to its members. (b) “ Governing body ” has the meaning ascribed to it in NRS 278.015 . (c) “ Water resource plan ” means a water resource plan created pursuant to NRS 278.0228 .
Nev. Rev. Stat. § 350A.110 — NV Code / Title 30 / Chapter 350A / Section 350A.110
“State securities” defined
Status: in_force

“ State securities ” means notes, warrants, interim debentures, bonds and temporary bonds issued as:

1. General obligations by the State pursuant to this chapter for any lending project which is for a purpose related to natural resources or for a refunding which are payable from taxes, whether or not additionally secured by a pledge of all or any designated revenues of one or more lending projects; or

2. Limited obligations by the State pursuant to this chapter for any lending project which is for a purpose related to any undertaking which a municipality is authorized to complete or for a refunding which are payable from the revenues of one or more lending projects.
Nev. Rev. Stat. § 349.232 — NV Code / Title 30 / Chapter 349 / Section 349.232
Securities issued as special obligations do not constitute outstanding indebtedness of State
Status: in_force

Any other state securities (except general obligation notes and general obligation warrants) constitute special obligations of the State, and all such other securities (including all notes and warrants, general obligations or special obligations, payable within 1 year from date) do not constitute outstanding indebtedness of the State nor exhaust its debt-incurring power under any such debt limitation.
Nev. Rev. Stat. § 350.720 — NV Code / Title 30 / Chapter 350 / Section 350.720
Liberal construction
Status: in_force

The Local Government Securities Law being necessary to secure the public health, safety, convenience and welfare, shall be liberally construed to effect its purposes.
Nev. Rev. Stat. § 349.909 — NV Code / Title 30 / Chapter 349 / Section 349.909
“Management company” defined
Status: in_force

“Management company” means the company which manages and administers the Account for Venture Capital pursuant to the agreement.
Nev. Rev. Stat. § 349.234 — NV Code / Title 30 / Chapter 349 / Section 349.234
Recitals required in state securities
Status: in_force

1. State securities issued hereunder and constituting special obligations shall recite in substance that the securities and the interest thereon are payable solely from the net revenues pledged to the payment thereof.

2. State securities issued hereunder and constituting general obligations shall pledge the full faith and credit of the State for their payment, shall so state, and shall state that they are payable from taxes.

3. General obligation state securities the payment of which is additionally secured by a pledge of revenues shall recite in substance, in addition to the statements required by subsection 2 of this section, that the payment of the securities and the interest thereon is additionally secured by a pledge of the net revenues or the gross revenues, as the case may be, designated in the securities.
Nev. Rev. Stat. § 348.300 — NV Code / Title 30 / Chapter 348 / Section 348.300
Limitation on amendment and repeal of chapter
Status: in_force

This state hereby covenants that it will not amend or repeal this chapter if the effect is that interest on public securities may as a result thereof be no longer exempt from federal income taxation provided for by the Tax Code.
Nev. Rev. Stat. § 350.560 — NV Code / Title 30 / Chapter 350 / Section 350.560
“Taxes” defined
Status: in_force

“Taxes” means general (ad valorem) property taxes.
Nev. Rev. Stat. § 349.364 — NV Code / Title 30 / Chapter 349 / Section 349.364
Liberal construction
Status: in_force

The State Securities Law being necessary to secure the public health, safety, convenience and welfare, shall be liberally construed to effect its purposes.
Nev. Rev. Stat. § 349.140 — NV Code / Title 30 / Chapter 349 / Section 349.140
Effect of NRS 349.080 to 349.140, inclusive
Status: in_force

The provisions of NRS 349.080 to 349.140 , inclusive, are not intended to repeal, modify or otherwise affect the obligations of the State of Nevada or the faith thereof, nor the payment of interest and the redemption of bonds which have been issued prior to March 28, 1939, or which may be issued after March 28, 1939, pursuant to any act of the Legislature.
Nev. Rev. Stat. § 351.010 — NV Code / Title 30 / Chapter 351 / Section 351.010
Short title
Status: in_force

This chapter may be cited as the Uniform Facsimile Signatures of Public Officials Act.
Nev. Rev. Stat. § 349.326 — NV Code / Title 30 / Chapter 349 / Section 349.326
Interim debentures: Extension and funding
Status: in_force

No interim debentures issued pursuant to the provisions of NRS 349.318 to 349.324 , inclusive, shall be extended or funded except by the issuance or reissuance of a bond or bonds authorized by the Commission authorizing the issuance of the funded interim debentures in compliance with NRS 349.328 .
Nev. Rev. Stat. § 349.158 — NV Code / Title 30 / Chapter 349 / Section 349.158
“Chair” and “Chair of the Commission” defined
Status: in_force

“Chair,” or “Chair of the Commission,” or any phrase of similar import, means the de facto or de jure presiding officer of the Commission, or his or her successor in functions, if any.
Nev. Rev. Stat. § 348.230 — NV Code / Title 30 / Chapter 348 / Section 348.230
“Tax Code” defined
Status: in_force

“Tax Code” means the federal Internal Revenue Code of 1954.
Nev. Rev. Stat. § 350A.100 — NV Code / Title 30 / Chapter 350A / Section 350A.100
“Revenues of a lending project” defined
Status: in_force

“Revenues of a lending project” means any money, except the proceeds of taxes levied by the State, received by the State Treasurer from or in respect to any lending project, including, without limitation:

1. Money derived from any source of revenue connected with a lending project, including, without limitation, payments by a municipality of the principal, interest or redemption premium of any municipal or revenue security, and any other income derived from the operation or administration of a lending project or the sale or other disposal of municipal or revenue securities or other assets acquired in connection with a lending project;

2. Loans, grants or contributions to the State from the Federal Government for the payment of the principal, interest and redemption premiums of state securities;

3. Fees or charges paid by a municipality in connection with a lending project; and

4. Money derived from the investment and reinvestment of any of these.
Nev. Rev. Stat. § 350A.180 — NV Code / Title 30 / Chapter 350A / Section 350A.180
Private sale of municipal or revenue securities to State; fees and charges
Status: in_force

A municipality may sell its municipal or revenue securities to the State at a private sale and may pay or obligate itself to pay to the State fees or charges in connection with any lending project.
Nev. Rev. Stat. § 350.145 — NV Code / Title 30 / Chapter 350 / Section 350.145
“Negotiated sale” defined
Status: in_force

“Negotiated sale” means the procedure for the sale of bonds by a municipality to one or more purchasers selected pursuant to NRS 350.175 and 350.185 upon such terms as are agreed upon after the selection of the purchaser.
Nev. Rev. Stat. § 349.450 — NV Code / Title 30 / Chapter 349 / Section 349.450
“Expense of operation and maintenance” defined
Status: in_force

“Expense of operation and maintenance” means any reasonable and necessary current expense of the State for the operation, maintenance or administration of a project or of the collection and administration of revenues from a project. The term includes, among other expenses:

1. Expenses for engineering, auditing, reporting, legal services and other expenses of the Director which are directly related to the administration of projects.

2. Premiums for fidelity bonds and policies of property and liability insurance pertaining to projects, and shares of the premiums of blanket bonds and policies which may be reasonably allocated to the State.

3. Payments to pension, retirement, health insurance and other insurance funds.

4. Reasonable charges made by any paying agent, commercial bank, credit union, trust company or other depository bank pertaining to any bonds.

5. Services rendered under the terms of contracts, services of professionally qualified persons, salaries, administrative expenses and the cost of materials, supplies and labor pertaining to the issuance of any bonds, including the expenses of any trustee, receiver or other fiduciary.

6. Costs incurred in the collection and any refund of revenues from the project, including the amount of the refund.
Nev. Rev. Stat. § 350.095 — NV Code / Title 30 / Chapter 350 / Section 350.095
Levy of special tax; transfer of money remaining in fund
Status: in_force

1. At the first tax levy following the creation of any medium-term indebtedness, the governing board of any local government shall, if necessary, levy a tax sufficient to pay the medium-term indebtedness. The tax must be designated “County of ________________ Special Tax,” “City of ________________ Special Tax,” “Town of ________________ Special Tax,” “ ________________ School District Special Tax,” “ ________________ Agricultural Association Special Tax,” or “ ________________ District Special Tax,” as the case may be, the proceeds of which must be placed in a medium-term debt service fund in the treasury of the county or city, or in a medium-term debt service fund in the county treasury in the cases of towns, school districts, irrigation districts, special districts or agricultural associations, to be used solely to redeem the medium-term indebtedness for which the tax is levied.

2. The treasurer of any county is authorized, upon receipt of a written resolution of the governing board of any local government for which a special tax fund is maintained, to transfer the money remaining in the medium-term debt service fund of that local government to the general fund of that local government after payment in full of the indebtedness and the interest thereon.
Nev. Rev. Stat. § 350A.120 — NV Code / Title 30 / Chapter 350A / Section 350A.120
“Tax” defined
Status: in_force

“ Tax ” means:

1. A general (ad valorem) property tax.

2. Any tax or portion thereof to which is attributable the proceeds that are paid into the tax increment account of a tax increment area created by a municipality pursuant to NRS 278C.220 .
Nev. Rev. Stat. § 350.676 — NV Code / Title 30 / Chapter 350 / Section 350.676
Interim debentures: Maturity; use of proceeds; issuance
Status: in_force

1. Any interim debentures may mature at such time or times not exceeding a period of time equal to the estimated time needed to effect the purpose or purposes for which they are issued or for which the bonds are authorized to be issued, but not exceeding 5 years from the date of the interim debentures, as the governing body may determine.

2. The proceeds of interim debentures shall be used to defray the cost of a project.

3. Any notes or warrants or both notes and warrants may be funded with the proceeds of interim debentures, as well as bonds.

4. Except as otherwise provided in NRS 350.672 to 350.682 , inclusive, interim debentures shall be issued as provided herein for municipal securities in NRS 350.584 to 350.670 , inclusive, and NRS 350.708 to 350.720 , inclusive.
Nev. Rev. Stat. § 349.490 — NV Code / Title 30 / Chapter 349 / Section 349.490
“Mortgage” defined
Status: in_force

“Mortgage” includes a deed of trust and any other security agreement covering real or personal property or both.
Nev. Rev. Stat. § 349.222 — NV Code / Title 30 / Chapter 349 / Section 349.222
Resolution authorizing issuance of securities: Description of purposes
Status: in_force

The resolution authorizing the issuance of any state securities hereunder shall describe the purpose or purposes for which they are issued at least in general terms and may describe any purpose in detail.
Nev. Rev. Stat. § 349.720 — NV Code / Title 30 / Chapter 349 / Section 349.720
“Director” defined
Status: in_force

“Director” means the Director of the Department of Business and Industry.
Nev. Rev. Stat. § 350.674 — NV Code / Title 30 / Chapter 350 / Section 350.674
Issuance of municipal securities constituting debt to fund or refund special obligations not constituting indebtedness: Conditions; restrictions
Status: in_force

1. Subject to the provisions of subsections 2, 3, 4 and 5, nothing contained herein shall be construed as authorizing the municipality to issue any municipal securities constituting a debt for the purpose of funding or refunding municipal securities constituting special obligations which do not constitute an indebtedness.

2. Any special obligation securities of a municipality pertaining to any project may be funded or refunded by general obligation securities pertaining to the project only if the municipality is authorized by law to issue such funding or refunding securities at the time of their issuance, even though the municipality was not so authorized to issue them at the time of the issuance of any such funded or refunded securities.

3. If the issuance of general obligation bonds to defray the cost of the project is conditioned upon their approval by the qualified electors of the municipality at an election, any general obligation securities pertaining to the project and creating an indebtedness, by funding or refunding special obligation securities or otherwise, may be issued only if the bonds have been so approved at an election in the manner provided by law.

4. If a debt limitation pertains to any general obligation bonds or other securities of a municipality constituting an indebtedness and relating to any project, no general obligation securities pertaining to the project and creating an indebtedness, by funding or refunding special obligation securities or otherwise (in contradistinction to funding or refunding bonds merely reevidencing an indebtedness formerly evidenced by the securities funded or refunded), shall be issued in a principal amount exceeding such debt limitation.

5. No bonds of a municipality shall be refunded by the issuance of its interim debentures, its notes or its warrants. No interim debentures of a municipality shall be funded by the issuance of its notes or its warrants.
Nev. Rev. Stat. § 349.570 — NV Code / Title 30 / Chapter 349 / Section 349.570
General power of Director to issue bonds
Status: in_force

When the Director has received requests from one or more cities, counties, lessees, purchasers, other obligors or other enterprises, the Director may issue industrial development revenue bonds to obtain money to fulfill the requests. Title to or in a project may at all times remain in the obligor or the obligor's designee or assignee and, in that case, the bonds must be secured by a pledge of one or more notes, debentures, bonds or other secured or unsecured debt obligations of the obligor.
Nev. Rev. Stat. § 348.190 — NV Code / Title 30 / Chapter 348 / Section 348.190
“Person” defined
Status: in_force

“Person” includes a government, a governmental agency and a political subdivision of a government.
Nev. Rev. Stat. § 350.650 — NV Code / Title 30 / Chapter 350 / Section 350.650
Disposition of unexpended balance of proceeds after completion of project
Status: in_force

Any unexpended balance of the proceeds of such securities remaining after the completion of the acquisition or improvement of properties pertaining to the project or otherwise the completion of the purpose or purposes for which such securities were issued shall be credited immediately to the fund or account created for the payment of the interest on or the principal of the securities, or both principal and interest, and shall be used therefor, subject to the provisions as to the times and methods for their payment as stated in the securities and the proceedings authorizing or otherwise appertaining to their issuance, or so paid into a reserve therefor, or any combination thereof, as the governing body may determine.
Nev. Rev. Stat. § 350A.050 — NV Code / Title 30 / Chapter 350A / Section 350A.050
“Expense of operation and maintenance” defined
Status: in_force

“Expense of operation and maintenance” means any reasonable and necessary current expense of the State for the operation, maintenance or administration of a lending project or of the collection and administration of revenues therefrom. The term includes, without limitation:

1. Expenses for engineering, auditing, reporting, legal services and other expenses of the State Treasurer which are directly related to the administration of lending projects.

2. Premiums for fidelity bonds and policies of property and liability insurance pertaining to lending projects, and shares of the premiums of blanket bonds and policies which may be reasonably allocated to lending projects.

3. Payments to pension, retirement, health insurance and other insurance funds.

4. Reasonable charges made by any paying agent, commercial bank, credit union, trust company or other depository bank pertaining to any state securities.

5. Services rendered under the terms of contracts, services of professionally qualified persons, salaries, administrative expenses and the cost of materials, supplies and labor pertaining to the issuance of any state securities, including the expenses of any trustee, receiver or other fiduciary.

6. Costs incurred in the collection and any refund of revenues from a lending project, including the amount of the refund.
Nev. Rev. Stat. § 349.2275 — NV Code / Title 30 / Chapter 349 / Section 349.2275
Variable rates of interest: Exemption from limitations; conclusive findings of Commission that procedure for determination of rates is reasonable
Status: in_force

In fixing the rate or rates of interest for state securities pursuant to subsection 1 of NRS 349.227 or the rate or rates of interest imposed on the Commission for reimbursement of any advances made under an agreement pursuant to subsection 2 of NRS 349.227 , the Commission is not subject to any limitations on rates of interest provided by statute, including NRS 349.076 , or provided in the bond question authorizing the issuance of those securities. The act or resolution fixing that rate or rates of interest must contain the findings of the Commission that the procedure specified in the act or resolution for determining that rate or rates is reasonable under existing or anticipated conditions in the market and is necessary and advisable for marketing the securities. These findings are conclusive. This section does not prohibit the Commission from fixing a maximum rate of interest in that act or resolution.
Nev. Rev. Stat. § 350.642 — NV Code / Title 30 / Chapter 350 / Section 350.642
Adoption of facsimile signature of predecessor in office
Status: in_force

Any officer authorized or permitted to sign any bonds, any coupons or any other securities, at the time of their execution and of a signature certificate appertaining thereto, may adopt as and for his or her own facsimile signature the facsimile signature of his or her predecessor in office in the event that such facsimile signature appears upon the bonds, coupons and other securities appertaining thereto, or any combination thereof.
Nev. Rev. Stat. § 349.961 — NV Code / Title 30 / Chapter 349 / Section 349.961
Water projects: Revised Statutes Preliminary plan; approval
Status: in_force

1. When any municipality or other obligor desires to undertake a water project, it may present its preliminary plan to the Board for approval. If the proposed water project affects drinking water, the Board shall request that the Administrator of the Division of Environmental Protection of the State Department of Conservation and Natural Resources submit comments and recommendations regarding the project. The Board shall analyze the potential yield of the water project, and may tentatively approve it if it will preserve or increase the water available for beneficial use in this State.

2. If the Board, after a public hearing on the issue, tentatively approves the water project, the municipality or other obligor may proceed to prepare a final plan and submit it for final approval. If the Board finally approves the water project, the cost of the final plan may be included in the cost of the water project. If the Board does not finally approve the water project, the Director may, within the limits of money available for this purpose in the Account for the Financing of Water Projects, reimburse a municipality for the costs incurred after the tentative approval.
Nev. Rev. Stat. § 348.170 — NV Code / Title 30 / Chapter 348 / Section 348.170
“Official or official body” defined
Status: in_force

“Official or official body” means the officer or the governing body that is empowered under the laws of one or more states, including, without limitation, this state, to provide for the original issuance of a public security of the issuer, by defining the obligation and its terms, conditions and other incidents, the successor or successors of any such officer or governing body, and such other person or group of persons as may be assigned duties of such officer or governing body under applicable law from time to time.
Nev. Rev. Stat. § 349.640 — NV Code / Title 30 / Chapter 349 / Section 349.640
Refunding
Status: in_force

1. Any bonds issued under the provisions of NRS 244A.669 to 244A.763 , inclusive, 268.512 to 268.568 , inclusive, or 349.400 to 349.670 , inclusive, may be refunded by the Director by the issuance of refunding bonds in an amount which the Director deems necessary to refund the principal of the bonds to be so refunded, any unpaid interest thereon and any premiums and incidental expenses necessary to be paid in connection with refunding.

2. Refunding may be carried out whether the bonds to be refunded have matured or thereafter mature, either by sale of the refunding bonds and the application of the proceeds to the payment of the bonds to be refunded, or by exchange of the refunding bonds for the bonds to be refunded. The holders of the bonds to be refunded must not be compelled, without their consent, to surrender their bonds for payment or exchange before the date on which they are payable by maturity, option to redeem or otherwise, or if they are called for redemption before the date on which they are by their terms subject to redemption by option or otherwise.

3. All refunding bonds issued pursuant to this section must be payable solely from revenues and other money out of which the bonds to be refunded thereby are payable or from revenues out of which bonds of the same character may be made payable under this or any other law then in effect at the time of the refunding.

4. The Director shall not issue refunding bonds unless before the refinancing the Director finds that issuance of refunding bonds will provide a lower cost of financing for the obligor or provide some other public benefit, but the findings, determinations and approval required by NRS 349.580 to 349.595 , inclusive, are not required with respect to refunding bonds issued pursuant to this section.
Nev. Rev. Stat. § 349.745 — NV Code / Title 30 / Chapter 349 / Section 349.745
“Program” defined
Status: in_force

“Program” means the providing of guaranteed funding pursuant to NRS 349.700 to 349.870 , inclusive.
Nev. Rev. Stat. § 350.008 — NV Code / Title 30 / Chapter 350 / Section 350.008
Term of installment-purchase agreement
Status: in_force

For the purposes of this chapter, the term of an installment-purchase agreement must be determined as the period from the date the agreement is entered into by a local government to the date that the purchase price will be paid in full and must include the term of the original agreement and the term of any renewal, including, without limitation, an optional renewal, of the agreement.
Nev. Rev. Stat. § 349.670 — NV Code / Title 30 / Chapter 349 / Section 349.670
Sufficiency of NRS 349.400 to 349.670, inclusive
Status: in_force

1. NRS 349.400 to 349.670 , inclusive, without reference to other statutes of the State, constitute full authority for the exercise of powers granted in those sections, including but not limited to the authorization and issuance of bonds.

2. No other act or law with regard to the authorization or issuance of bonds that provides for an election, requires an approval, or in any way impedes or restricts the carrying out of the acts authorized in NRS 349.400 to 349.670 , inclusive, to be done, applies to any proceedings taken or acts done pursuant to those sections, except for laws to which reference is expressly made in those sections or by necessary implication of those sections.

3. The provisions of no other law, either general or local, except as provided in NRS 349.400 to 349.670 , inclusive, apply to the doing of the things authorized in those sections to be done, and no board, agency, bureau, commission or official not designated in those sections has any authority or jurisdiction over the doing of any of the acts authorized in those sections to be done, except as otherwise provided in those sections.

4. A project is not subject to any requirements relating to public buildings, structures, ground works or improvements imposed by the statutes of this state or any other similar requirements which may be lawfully waived by this section, and any requirement of competitive bidding or other restriction imposed on the procedure for award of contracts for such purpose or the lease, sale or other disposition of property is not applicable to any action taken pursuant to NRS 349.400 to 349.670 , inclusive, except that the provisions of NRS 338.013 to 338.090 , inclusive, apply to any contract for new construction, repair or reconstruction for which tentative approval for financing is granted on or after January 1, 1992, by the Director for work to be done in a project. The Director, the lessee, purchaser, obligor or other enterprise, any contractor who is awarded a contract or enters into an agreement to perform the construction, repair or reconstruction for a project, and any subcontractor who performs any portion of such construction, repair or reconstruction shall comply with the provisions of NRS 338.013 to 338.090 , inclusive, in the same manner as if a public body had undertaken the project or had awarded the contract.

5. Any bank or trust company located within or without this state may be appointed and act as a trustee with respect to bonds issued and projects financed pursuant to NRS 349.400 to 349.670 , inclusive, without the necessity of associating with any other person or entity as cofiduciary, but such an association is not prohibited.

6. The powers conferred by NRS 349.400 to 349.670 , inclusive, are in addition and supplemental to, and not in substitution for, and the limitations imposed by those sections do not affect the powers conferred by any other law.

7. No part of NRS 349.400 to 349.670 , inclusive, repeals or affects any other law or part thereof, except to the extent that those sections are inconsistent with any other law, it being intended that those sections provide a separate method of accomplishing its objectives, and not an exclusive one.

8. The Director or a person designated by the Director may take any actions and execute and deliver any instruments, contracts, certificates and other documents, including the bonds, necessary or appropriate for the sale and issuance of the bonds or accomplishing the purposes of NRS 349.400 to 349.670 , inclusive, without the assistance or intervention of any other officer.
Nev. Rev. Stat. § 349.540 — NV Code / Title 30 / Chapter 349 / Section 349.540
“Warehousing” defined
Status: in_force

“Warehousing” means the consignment of personal property from outside this state to a private warehouse within this state for temporary storage during the transit of the property to a final destination outside the State.
Nev. Rev. Stat. § 350.712 — NV Code / Title 30 / Chapter 350 / Section 350.712
Securities issued as general obligations are legal investments for state money
Status: in_force

It is legal for the State Board of Finance to invest any permanent state funds or other state funds available for investment in any of the bonds or other securities authorized to be issued pursuant to the provisions hereof if the securities constitute general obligations payable from taxes.
Nev. Rev. Stat. § 350.490 — NV Code / Title 30 / Chapter 350 / Section 350.490
Powers conferred in NRS 350.350 to 350.490, inclusive, additional and supplemental; controlling provisions
Status: in_force

1. The powers conferred by NRS 350.350 to 350.490 , inclusive, shall be in addition and supplemental to, and not in substitution for, and the limitations imposed by NRS 350.350 to 350.490 , inclusive, shall not affect, the powers conferred by any other general or special law or charter, including, without limitation, the Local Government Securities Law.

2. The undertaking may be acquired, purchased, constructed, reconstructed, improved, bettered and extended, notwithstanding that any special or general law or local charter may provide for the acquisition, purchase, construction, reconstruction, improvement, betterment and extension of a like undertaking and without regard to the requirement, restrictions, debt or other limitations or other provisions contained in any other general or special law or charter, including, but not limited to, any restriction or limitation on the incurring of indebtedness or the issuance of bonds.

3. Insofar as the provisions of NRS 350.350 to 350.490 , inclusive, are inconsistent with the provisions of any other general or special law or charter, the provisions of NRS 350.350 to 350.490 , inclusive, shall be controlling, except as otherwise provided in NRS 350.350 to 350.490 , inclusive; but the provisions of the Local Government Securities Law are supplemental to NRS 350.350 to 350.490 , inclusive, to the extent the Local Government Securities Law pertains to revenue bonds and other special obligations.
Nev. Rev. Stat. § 349.284 — NV Code / Title 30 / Chapter 349 / Section 349.284
Facsimile signatures and seals
Status: in_force

Any bonds or other securities, including without limitation any certificates endorsed thereon, may be executed with facsimile signatures and seals as provided in chapter 351 of NRS. (A compliance therewith is not a condition precedent to the execution of any coupon with a facsimile signature.)
Nev. Rev. Stat. § 350.692 — NV Code / Title 30 / Chapter 350 / Section 350.692
Refunding bonds: Sale or exchange for outstanding bonds; exchange for federal securities
Status: in_force

1. Any bonds issued for refunding purposes may be delivered in exchange for the outstanding bonds being refunded or may be sold in the manner prescribed in NRS 350.105 to 350.195 , inclusive.

2. The refunding bonds, or any part thereof, except as limited by subsection 2 of NRS 350.698 , may be exchanged by the municipality for federal securities and other securities of the Federal Government which have been made available for escrow investment by any purchaser of refunding bonds, upon terms of exchange mutually agreed upon, and any such securities so received by the municipality must be placed in escrow as provided in NRS 350.696 and 350.698 .
Nev. Rev. Stat. § 348.350 — NV Code / Title 30 / Chapter 348 / Section 348.350
System of full registration
Status: in_force

1. Any system of full registration with respect to an issue of public securities may be: (a) A system pursuant to which only certificated public securities are issued; (b) A system pursuant to which only uncertificated public securities are issued; or (c) A system pursuant to which both certificated public securities and uncertificated public securities are issued.

2. The issuer may discontinue and reinstitute either system, from time to time, if one type of system or the other type is regularly maintained at all times with respect to the issue.

3. The system may be established, regularly maintained, amended, discontinued or reinstituted for the issuer by an official or official body.

4. Any such system must be described in the official actions which provide for original issuance, and in subsequent official actions providing for amendments, supplementation and other matters from time to time. The description may be by reference to a program of the issuer which is established by the official or official body.

5. Any such system must define the method or methods by which transfer of the public securities is effective with respect to the issuer, which method or methods are exclusive, substantial compliance being essential to a valid transfer, and by which payment of principal, any prior redemption premium and any interest are made. The system may also provide for the form of any certificated public securities, for differing record and payment dates, for varying denominations and for accounting, destruction of cancelled certificates and other incidental matters.

6. Under a system pursuant to which both certificated public securities and uncertificated public securities are issued, both types of public securities may be regularly issued, or one type may be regularly issued and the other type issued only under described circumstances or to particular described categories of transferees. Under a system pursuant to which uncertificated public securities are regularly issued, provision may be made for registration of pledges and releases.

7. The system may include covenants of the issuer as to amendments, discontinuances and reinstitutions, and the effect of these on the exemption of interest from the federal income taxation provided for by the Tax Code.
Nev. Rev. Stat. § 350.556 — NV Code / Title 30 / Chapter 350 / Section 350.556
“State” defined
Status: in_force

“State” means the State of Nevada, or any board, department or other agency or instrumentality thereof, in the United States; and where the context so indicates, “State” means the geographical area comprising the State of Nevada.
Nev. Rev. Stat. § 350.532 — NV Code / Title 30 / Chapter 350 / Section 350.532
“Improvement” and “improve” defined
Status: in_force

“Improvement” or “improve” includes the extension, widening, lengthening, betterment, alteration, reconstruction or other major improvement, or any combination thereof, of any properties pertaining to a project or an interest therein, but does not mean renovation, reconditioning, patching, general maintenance or other minor repair.
Nev. Rev. Stat. § 349.262 — NV Code / Title 30 / Chapter 349 / Section 349.262
Issuance of state securities
Status: in_force

1. Notwithstanding the provisions of any other law, notes or bonds may be issued at public or private sale.

2. Warrants may be issued to evidence the amount due to any person furnishing services or materials as provided in the State Securities Law.

3. Temporary bonds must be issued to a purchaser of the definitive bonds in anticipation of the exchange of the former for the latter.

4. Interim debentures may be issued at public or private sale.
Nev. Rev. Stat. § 349.860 — NV Code / Title 30 / Chapter 349 / Section 349.860
Insurance
Status: in_force

The Director may use money from the fund for financing exports to:

1. Insure against the program's risk of loss resulting from the failure of the exporter to repay the loan provided by a participating financial institution; and

2. Purchase insurance to secure the payment of the principal of, interest on, and premium, if any, due in connection with any bonds issued.
Nev. Rev. Stat. § 350A.060 — NV Code / Title 30 / Chapter 350A / Section 350A.060
“Lending project” defined
Status: in_force

“ Lending project ” means any undertaking which the State is authorized to complete in connection with loans to municipalities made by the purchase of:

1. Municipal securities validly issued for a purpose related to natural resources; or

2. Revenue securities validly issued for a purpose related to any undertaking which a municipality is authorized to complete.
Nev. Rev. Stat. § 350.522 — NV Code / Title 30 / Chapter 350 / Section 350.522
“Federal securities” defined
Status: in_force

“Federal securities” means bills, certificates of indebtedness, notes, bonds or similar securities which are direct obligations of, or the principal and interest of which securities are unconditionally guaranteed by, the United States.
Nev. Rev. Stat. § 349.800 — NV Code / Title 30 / Chapter 349 / Section 349.800
Advisory Committee on Financing Exports: Creation; composition; terms of members
Status: in_force

1. If the Director certifies to the Governor that there is a need to issue revenue bonds to carry out the program and that it is feasible to do so, the Governor may issue an executive order creating an Advisory Committee on Financing Exports, consisting of three members appointed by the Director.

2. The Director, in consultation with the Executive Director of the Office of Economic Development and with the approval of the Governor, shall appoint to serve as members of the Committee three persons who have proven experience in international trade and economic development which they acquired while engaged in finance, manufacturing, business administration, municipal finance, economics, law or general business.

3. After the initial terms, the term of each member is 3 years.
Nev. Rev. Stat. § 349.855 — NV Code / Title 30 / Chapter 349 / Section 349.855
Director: Establishment of funds and accounts; investments and deposits
Status: in_force

The Director may:

1. Establish such funds or accounts as may be necessary or desirable for carrying out the provisions of NRS 349.700 to 349.870 , inclusive.

2. Subject to any agreement with the holders of the bonds, invest or deposit any money received or held by the Director pursuant to NRS 349.700 to 349.870 , inclusive. The Director is not required to deposit this money in the State Treasury and the provisions of chapters 355 and 356 of NRS do not apply to any investments or deposits made pursuant to this subsection.
Nev. Rev. Stat. § 350A.210 — NV Code / Title 30 / Chapter 350A / Section 350A.210
Liberal construction
Status: in_force

As the provisions of this chapter are necessary to secure the public health, safety, convenience and welfare, the chapter must be construed liberally to put its provisions into effect.
Nev. Rev. Stat. § 350.009 — NV Code / Title 30 / Chapter 350 / Section 350.009
Regulations
Status: in_force

1. The Committee on Local Government Finance may adopt such regulations as are necessary for the administration of this chapter.

2. Any regulations adopted by the Committee on Local Government Finance must be adopted in the manner prescribed for state agencies in chapter 233B of NRS .
Nev. Rev. Stat. § 350.165 — NV Code / Title 30 / Chapter 350 / Section 350.165
Delegation of authority to sign contract to purchase or accept binding bid for bonds; approval of certain terms by governing body required
Status: in_force

1. The governing body of a municipality may, before any sale of bonds, whether by competitive bid or negotiated sale, delegate to the chief administrative officer or chief financial officer of the municipality or, if the bonds consist of any securities to which subsection 1 of NRS 350.583 applies, a designated agent, the authority to sign a contract for the purchase of the bonds or to accept a binding bid for the bonds subject to the requirements specified by the governing body concerning: (a) The rate of interest on the bonds; (b) The dates on which and the prices at which the bonds may be called for redemption before maturity; (c) The price at which the bonds will be sold; and (d) The principal amount of the bonds and the amount of principal maturing in any particular year.

2. All terms of the bonds other than: (a) The rate of interest; (b) The dates and prices for the redemption of the bonds; (c) The price for the sale of the bonds; (d) The principal amount of the bonds; and (e) The requirements for the principal maturing in particular years, must be approved by the governing body of the municipality before the bonds are delivered.

3. The final rate of interest, dates and prices of redemption, price for the sale of the bonds, principal amount and the requirements for the principal amount maturing in particular years are not required to be approved by the governing body of the municipality if each of those terms complies with the requirements specified by the governing body before the contract for the purchase of the bonds is signed or the bid for the bonds is accepted.
Nev. Rev. Stat. § 349.953 — NV Code / Title 30 / Chapter 349 / Section 349.953
Refunding
Status: in_force

1. Any bonds issued under the provisions of NRS 349.935 to 349.961 , inclusive, may be refunded by the Director by the issuance of refunding bonds in an amount which the Director deems necessary to refund the principal of the bonds to be so refunded, any unpaid interest thereon and any premiums and incidental expenses necessary to be paid in connection with refunding.

2. Refunding may be carried out whether the bonds to be refunded have matured or thereafter mature, either by sale of the refunding bonds and the application of the proceeds to the payment of the bonds to be refunded, or by exchange of the refunding bonds for the bonds to be refunded. The holders of the bonds to be refunded must not be compelled, without their consent, to surrender their bonds for payment or exchange before the date on which they are payable by maturity, option to redeem or otherwise, or if they are called for redemption before the date on which they are by their terms subject to redemption by option or otherwise.

3. All refunding bonds issued pursuant to this section must be payable solely from revenues and other money out of which the bonds to be refunded thereby are payable or from revenues out of which bonds of the same character may be made payable under this or any other law then in effect at the time of the refunding.
Nev. Rev. Stat. § 349.312 — NV Code / Title 30 / Chapter 349 / Section 349.312
Receivers: Appointment; powers and duties
Status: in_force

1. If a resolution of the Commission authorizing or providing for the issuance of any securities of any series or any other proceedings appertaining thereto contains a provision authorized by subsection 19 of NRS 349.306 and further provides in substance that any trustee appointed pursuant to subsection 16 of NRS 349.306 shall have the powers provided by that subsection, then such trustee, whether or not all of the bonds or other securities of such series have been declared due and payable, shall be entitled as of right to the appointment of a receiver of the facilities appertaining thereto.

2. Any receiver appointed as permitted by subsection 19 of NRS 349.306 may enter upon and take possession of the facilities and property appertaining thereto, and, subject to any pledge or contract with the holders of such securities, shall take possession of all moneys and other property derived from or applicable to the acquisition, operation, maintenance or improvement of the facilities and proceed with such acquisition, operation, maintenance or improvement which the Commission on the behalf of the State is under any obligation to do, and operate, maintain, equip and improve the facilities, and fix, charge, collect, enforce and receive the service charges and all revenues thereafter arising subject to any pledge thereof or contract with the holders of such securities relating thereto and perform the public duties and carry out the contracts and obligations of the State in the same manner as the Commission itself might do and under the direction of the court.
Nev. Rev. Stat. § 350.680 — NV Code / Title 30 / Chapter 350 / Section 350.680
Interim debentures: Extension and funding
Status: in_force

No interim debentures issued pursuant to the provisions of NRS 350.672 to 350.678 , inclusive, shall be extended or funded except by the issuance or reissuance of a bond or bonds in compliance with NRS 350.682 .
Nev. Rev. Stat. § 349.951 — NV Code / Title 30 / Chapter 349 / Section 349.951
Director may charge fee against obligor; use of proceeds
Status: in_force

1. The Director may charge the obligor a fee not to exceed 2 percent of the principal amount of the financing, including a nonrefundable application fee not to exceed 0.25 percent of the principal amount or $7,500, whichever is less, payable either in advance or at the time the bonds are issued. The Director shall deposit all money received pursuant to this section, except money received from application fees, with the State Treasurer for credit to the Account for the Financing of Water Projects.

2. Money received from application fees collected pursuant to this section must be: (a) Accounted for separately in the State General Fund. (b) Used by the Director to support the operations of his or her office in administering the provisions of NRS 349.935 to 349.961 , inclusive.

3. Whether or not bonds are issued, the Director shall use money received pursuant to this section, except money received from application fees, to reimburse his or her office for the expenses and costs incurred in financing the water project and, within the limits of money available for this purpose, to reimburse a municipality pursuant to the provisions of NRS 349.961 . Any portion of the money so received, except money received from application fees, which exceeds the Director's expenses and costs must be refunded to the obligor.
Nev. Rev. Stat. § 350.089 — NV Code / Title 30 / Chapter 350 / Section 350.089
Approval of resolution for medium-term obligation or installment-purchase agreement by Executive Director of Department of Taxation; appeal to Nevada Tax Commission
Status: in_force

Except as otherwise provided in NRS 280.266 and 496.155 :

1. Upon the adoption by a local government of a resolution for a medium-term obligation or installment-purchase agreement, as provided in NRS 350.087 , a certified copy thereof must be forwarded to the Executive Director of the Department of Taxation. As soon as is practicable, the Executive Director of the Department of Taxation shall, after consideration of the tax structure of the local government concerned, the probable ability of the local government to repay the requested medium-term obligation or installment-purchase agreement and the compliance of the local government with the applicable provisions of law, including, without limitation, the provisions of chapter 354 of NRS , approve or disapprove the resolution in writing to the governing board. No such resolution is effective until approved by the Executive Director of the Department of Taxation. The written approval of the Executive Director of the Department of Taxation must be recorded in the minutes of the governing board.

2. If the Executive Director of the Department of Taxation does not approve the resolution for the medium-term obligation or installment-purchase agreement, the governing board of the local government may appeal the Executive Director's decision to the Nevada Tax Commission.
Nev. Rev. Stat. § 350.628 — NV Code / Title 30 / Chapter 350 / Section 350.628
Recital in securities conclusive evidence of validity and regularity of issuance
Status: in_force

An ordinance providing for the issuance of bonds or other municipal securities hereunder or an indenture or other proceedings appertaining thereto may provide that the securities contain a recital that they are issued pursuant to the Local Government Securities Law, which recital shall be conclusive evidence of their validity and the regularity of their issuance.
Nev. Rev. Stat. § 348.090 — NV Code / Title 30 / Chapter 348 / Section 348.090
“Financial agreement” defined
Status: in_force

“Financial agreement” means an agreement respecting the payment of the principal of, any prior redemption premium due in connection with, and the interest on a public security.
Nev. Rev. Stat. § 349.010 — NV Code / Title 30 / Chapter 349 / Section 349.010
Submission of proposal to issue bonds at special, primary or general election; limitation on special elections
Status: in_force

1. Whenever the State of Nevada proposes to issue bonds or provide for loans in any amount which does not contravene the limit of indebtedness provided by the Constitution of the State of Nevada, the proposal for the bond issue or loan may be submitted to the electors of the State at a special, primary or general election.

2. A special election may be held only if the State Board of Finance determines, by a unanimous vote, that an emergency exists. The determination made by the Board is conclusive unless it is shown that the Board acted with fraud or a gross abuse of discretion. An action to challenge the determination made by the Board must be commenced within 15 days after the Board's determination is final. As used in this subsection, “emergency” means any unexpected occurrence or combination of occurrences which requires immediate action by the State Board of Finance to prevent or mitigate a substantial financial loss to the State or to enable the State to provide an essential service to the residents of the State.
Nev. Rev. Stat. § 350.646 — NV Code / Title 30 / Chapter 350 / Section 350.646
Repurchase of municipal securities
Status: in_force

Any bonds or other municipal securities may be repurchased by the governing body out of any funds available for such purpose at a price of not more than the principal amount thereof and accrued interest, plus the amount of the premium, if any, which might on the next prior redemption date of such securities be paid to the holders thereof if such securities should be called for redemption on such date pursuant to their terms, and all securities so repurchased shall be cancelled; but if the securities may not be called for prior redemption at the municipality's option within 1 year from the date of their purchase, they may be repurchased without limitation as to price.
Nev. Rev. Stat. § 349.230 — NV Code / Title 30 / Chapter 349 / Section 349.230
Securities issued as general obligations constitute outstanding indebtedness of State; exceptions
Status: in_force

Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures constitute outstanding indebtedness of the State and exhaust the debt-incurring power of the state unless issued:

1. For the purpose of defraying extraordinary expenses, as mentioned in the last sentence of the first paragraph of Section 3 of Article 9 of the Constitution ; or

2. For one of the purposes mentioned in the second paragraph of that section.
Nev. Rev. Stat. § 349.156 — NV Code / Title 30 / Chapter 349 / Section 349.156
“Acquisition” and “acquire” defined
Status: in_force

“Acquisition” or “acquire” includes the opening, laying out, establishment, purchase, construction, securing, installation, reconstruction, lease, gift, grant from the Federal Government, this state, any body corporate and politic therein, or any person, the endowment, bequest, devise, condemnation, transfer, assignment, option to purchase, other contract, or other acquirement, or any combination thereof, of any properties pertaining to a project, or an interest therein.
Nev. Rev. Stat. § 348.130 — NV Code / Title 30 / Chapter 348 / Section 348.130
“Issue” defined
Status: in_force

“Issue” means all public securities constituting the same obligation, whether or not each such security is part of the same class or series.
Nev. Rev. Stat. § 349.225 — NV Code / Title 30 / Chapter 349 / Section 349.225
General obligation bonds subject to review and approval of State Board of Finance; exception
Status: in_force

Except for bonds issued by the Colorado River Commission of Nevada which are additionally supported by pledged revenues of a project, any general obligation bond authorized on the behalf and in the name of the State is subject to the review and approval of the State Board of Finance, unless otherwise provided by statute.
Nev. Rev. Stat. § 350.662 — NV Code / Title 30 / Chapter 350 / Section 350.662
Pledged revenues received or credited subject to immediate lien; priority and validity of lien
Status: in_force

1. Revenues pledged for the payment of any securities, as received by or otherwise credited to the municipality, shall immediately be subject to the lien of each such pledge without any physical delivery thereof, any filing or further act.

2. The lien of each such pledge and the obligation to perform the contractual provisions made in the authorizing resolution or other instrument appertaining thereto shall have priority over any or all other obligations and liabilities of the municipality, except as may be otherwise provided herein or in the resolution or other instrument, and subject to any prior pledges and liens theretofore created.

3. The lien of each such pledge shall be valid and binding as against all persons having claims of any kind in tort, contract or otherwise against the municipality irrespective of whether such persons have notice thereof.
Nev. Rev. Stat. § 348.220 — NV Code / Title 30 / Chapter 348 / Section 348.220
“State” defined
Status: in_force

“State” means the State of Nevada.
Nev. Rev. Stat. § 349.795 — NV Code / Title 30 / Chapter 349 / Section 349.795
Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity
Status: in_force

Any guarantee entered into by the Director does not constitute a general obligation of the State of Nevada. A guarantee may not be terminated, cancelled or otherwise revoked except in accordance with its terms. Any guarantee held by a participating financial institution is presumed to be valid.
Nev. Rev. Stat. § 349.935 — NV Code / Title 30 / Chapter 349 / Section 349.935
Definitions
Status: in_force

As used in NRS 349.935 to 349.961 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 349.936 to 349.945 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 350.572 — NV Code / Title 30 / Chapter 350 / Section 350.572
Types of securities which may be issued; series
Status: in_force

The municipality may issue, in one series or more, without the municipal securities being authorized at any election in the absence of an expressed provision to the contrary in the act authorizing the project and the issuance of municipal securities therefor or in any act supplemental thereto, in anticipation of taxes or pledged revenues, or both, and constituting either general obligations or special obligations of the municipality, any one or more or all of the following types of municipal securities:

1. Notes, evidencing any amount borrowed by the municipality;

2. Warrants, evidencing the amount due to any person for any services or supplies, equipment or other materials furnished to or for the benefit of the municipality and appertaining to a project;

3. Bonds, evidencing any amount borrowed by the municipality and constituting long-term financing;

4. Temporary bonds, pending the preparation of and exchangeable for definitive bonds of like character and in like principal amount when prepared and issued in compliance with the conditions and limitations herein provided; and

5. Interim debentures, evidencing any medium-term obligations, construction loans, and other temporary loans of not exceeding 10 years, in supplementation of long-term financing and the issuance of bonds, as provided in NRS 350.672 to 350.682 , inclusive.
Nev. Rev. Stat. § 349.318 — NV Code / Title 30 / Chapter 349 / Section 349.318
Interim debentures: Issuance for general or special obligations; form; additional security
Status: in_force

1. Notwithstanding any limitation or other provision herein, whenever the State is authorized to issue general obligation bonds, regardless of whether majorities of the qualified electors of the State voting on a proposal to issue the general obligation bonds have authorized their issuance by the State for any project, the State is authorized to borrow money without any other election in anticipation of the proceeds of taxes, the proceeds of the bonds, the proceeds of pledged revenues, or any other moneys of the State, or any combination thereof, and to issue general obligation interim debentures to evidence the amount so borrowed.

2. The State also is authorized to borrow money without any election in anticipation of the proceeds of revenue bonds or any other special obligations of the State and of its pledged revenues, or any combination thereof, but excluding the proceeds of any taxes, and to issue special obligation interim debentures to evidence the amount so borrowed.

3. General obligation interim debentures and special obligation interim debentures may be in the form of a note, bond or line of credit agreement with a bank or other lender under which moneys are deposited into the State General Fund, either at one time or from time to time, and used for the general operations of the State or to pay the costs of a project.

4. Any general obligation interim debentures or special obligation interim debentures issued pursuant to this section and any bond administrative expenses may be additionally secured by pledged revenue for the benefit of the owners of the interim debentures and the obligees under any agreement described in subsection 3, by the pledge of, security interest in and first lien on all or a portion of the following, if applicable: (a) Unrestricted revenues, including tax revenues, payable to the State General Fund to be used for the general operations of the State; or (b) Money related to the interim debentures held on deposit in any other fund or account under any instrument or agreement pertaining to the interim debentures, including, without limitation, reserves therefor and income on such money.

5. As used in this section, “ bond administrative expense ” means any expense incurred by the State Treasurer, the State Board of Finance, bond trustees, paying agents, arbitrage compliance agents or any other person or entity to administer an interim debenture line of credit, notes or bonds in the name of the State of Nevada, or as otherwise necessary to ensure compliance with state or federal law.
Nev. Rev. Stat. § 349.913 — NV Code / Title 30 / Chapter 349 / Section 349.913
Director: Restriction on operation or management of enterprise
Status: in_force

The Director may not operate or manage any enterprise in which an investment has been made by a management company for the Account for Venture Capital.
Nev. Rev. Stat. § 350.5755 — NV Code / Title 30 / Chapter 350 / Section 350.5755
Issuance of negotiable notes or bonds to finance restoration of historic structure; maturity; interest
Status: in_force

1. Whenever the governing body of any municipality is authorized to enter into financing for restoration of a historic structure, as provided in NRS 350.575 , the governing body may issue, as evidence thereof, negotiable notes or bonds.

2. The negotiable notes or bonds must: (a) Mature not later than 15 years after the date of issuance. (b) Bear interest at a rate or rates which do not exceed by more than 3 percent the Index of Twenty Bonds which was most recently published before the bids are received or a negotiated offer is accepted.
Nev. Rev. Stat. § 350.528 — NV Code / Title 30 / Chapter 350 / Section 350.528
“Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto,” “hereunder,” “heretofore” and “hereafter” defined
Status: in_force

“Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto,” “hereunder” and any similar term refer to the Local Government Securities Law and not solely to the particular portion thereof in which such word is used; “heretofore” means before the adoption of the Local Government Securities Law; and “hereafter” means after the adoption of the Local Government Securities Law.
Nev. Rev. Stat. § 349.350 — NV Code / Title 30 / Chapter 349 / Section 349.350
Other statutory provisions applicable to refunding bonds
Status: in_force

Except as in NRS 349.330 to 349.348 , inclusive, expressly provided or necessarily implied, the relevant provisions elsewhere herein appertaining generally to the issuance of bonds to defray the cost of any project shall be equally applicable in the authorization and issuance of refunding bonds, including their terms and security, the covenants and other provisions of the resolution authorizing the issuance of the bonds, or other instrument or proceedings appertaining thereto, and other aspects of the bonds.
Nev. Rev. Stat. § 348.340 — NV Code / Title 30 / Chapter 348 / Section 348.340
Form of securities
Status: in_force

Any such public securities may be in full registered form or in bearer form, with or without interest coupons, be subject to conditions for transfer, be subject to provisions for conversion as to denomination or to bearer or to registration for payment of principal only, and to the attachment or reattachment of interest coupons to the public securities, be made registrable or reregistrable or payable or repayable to bearer, or to both, by the treasurer or other authorized officer of the issuer or by a transfer agent within or without the State of Nevada, be issued, transferred, and registered by:

1. Evidence of participation in an obligation of larger denomination which is fully registered; or

2. An entry in a system of books kept to identify purchasers of the securities,

all as may be determined by an authorizing instrument pertaining to the public securities and adopted or otherwise authorized by the governing body of the issuer.
Nev. Rev. Stat. § 348.310 — NV Code / Title 30 / Chapter 348 / Section 348.310
Determination of governing body
Status: in_force

The determination of the governing body authorized or empowered to issue public securities under this chapter and any other provision of NRS or special act must be made in an authorizing instrument pertaining to those securities.
Nev. Rev. Stat. § 349.198 — NV Code / Title 30 / Chapter 349 / Section 349.198
“State securities” and “securities” defined
Status: in_force

“State securities” or “securities” means notes, warrants, bonds, temporary bonds and interim debentures authorized to be issued hereunder in the name and on the behalf of the State acting by and through the Commission.
Nev. Rev. Stat. § 350.568 — NV Code / Title 30 / Chapter 350 / Section 350.568
Powers of municipality in connection with projects
Status: in_force

In connection with any project, the municipality, acting by and through the governing body, except as herein otherwise provided, may:

1. Sue and be sued;

2. Acquire and hold real or personal property, or rights or interests therein, and water rights;

3. Dispose of unnecessary or obsolete property, or property obtained for persons or public bodies within the State, including without limitation water or water rights, or rights or interests in any such property;

4. Make contracts and execute all instruments necessary or convenient, as determined by the governing body;

5. Acquire by contract or contracts or by its own agents and employees or otherwise acquire any properties for any project or projects, and operate and maintain such properties; and

6. Accept grants of money or materials or property of any kind from the Federal Government, the State, any public body or any person, upon such terms and conditions as the Federal Government, the State, public body or person may impose.
Nev. Rev. Stat. § 349.334 — NV Code / Title 30 / Chapter 349 / Section 349.334
Exchange of outstanding securities held by State or its agencies for funding or refunding
Status: in_force

Notwithstanding the provisions of NRS 349.332 or of any other law, this state, acting by and through the State Board of Finance, may agree with the Commission to exchange any outstanding bonds or other securities of the State and held by the State, or any agency, corporation, department or other instrumentality of the State, for funding or refunding bonds or other funding securities of the State authorized on its behalf by the Commission or otherwise to surrender at such price and time and otherwise upon such conditions and other terms and in such manner as may be mutually agreeable such outstanding bonds or other securities to the Commission for funding or refunding at any time prior to their respective maturities or to any date as of which the State has the right and option to call on its behalf such outstanding securities for prior redemption as expressly provided in the outstanding securities and any resolution, trust indenture or other proceedings authorizing their issuance.
Nev. Rev. Stat. § 349.815 — NV Code / Title 30 / Chapter 349 / Section 349.815
Regulations for operation of program
Status: in_force

The Director shall, before the issuance of any bonds, adopt regulations for the operation of the program, which must include provisions concerning the following:

1. The maximum aggregate amount of guaranteed funding available to any exporter and the maximum amount of guaranteed funding available for any transaction eligible for guaranteed funding;

2. The limits on the interest which may be charged for guaranteed funding or for loans to exporters;

3. The fees which a participating financial institution may charge for making loans to exporters;

4. The nature and extent of any insurance which an exporter may be required to procure;

5. The collateral required on loans to exporters;

6. The terms of and the procedures for repayment on the guaranteed funding or on a loan;

7. The procedures for: (a) Making an application for guaranteed funding; (b) Disbursing the guaranteed funding to a participating financial institution; (c) Making a claim on the guarantee in the event of a default; (d) Collecting a loan in the event of a default; and (e) Qualifying as a participating financial institution; and

8. The specific standards to be used to determine whether a business has a significant relationship with this state pursuant to paragraph (b) of subsection 3 of NRS 349.760 .
Nev. Rev. Stat. § 350.566 — NV Code / Title 30 / Chapter 350 / Section 350.566
“United States” defined
Status: in_force

“United States” means the United States of America; and where the context so indicates, “United States” means the geographical area comprising the United States of America.
Nev. Rev. Stat. § 349.194 — NV Code / Title 30 / Chapter 349 / Section 349.194
“Project” defined
Status: in_force

“Project” means any undertaking or undertakings which the Commission is authorized by law (other than the State Securities Law) to complete in its name or in the name of the State, the cost of which the Commission is authorized by law (other than the State Securities Law) to defray by the issuance of bonds or other securities of the Commission or the State as provided hereunder.
Nev. Rev. Stat. § 349.013 — NV Code / Title 30 / Chapter 349 / Section 349.013
Publication of notice of election; Secretary of State to certify proposal to county clerks
Status: in_force

1. Whenever the State has ordered a bond election, the clerk of each county in the State shall cause notice of the election to be published in some newspaper printed in and having a general circulation in the county once in each calendar week for 2 successive calendar weeks by two weekly insertions a week apart, the first publication to be not more than 30 days nor less than 22 days next preceding the date of the election.

2. If no newspaper is printed in the county, then publication of the notice of election shall be made in some newspaper printed in the State of Nevada and having a general circulation in the county.

3. The Secretary of State shall certify to each county clerk the proposal for the bond issue or loan at least 40 days prior to the election.
Nev. Rev. Stat. § 349.410 — NV Code / Title 30 / Chapter 349 / Section 349.410
“Board” defined
Status: in_force

“Board” means the State Board of Finance.
Nev. Rev. Stat. § 349.928 — NV Code / Title 30 / Chapter 349 / Section 349.928
Sufficiency of NRS 349.900 to 349.929, inclusive; construction
Status: in_force

1. NRS 349.900 to 349.929 , inclusive, without reference to other statutes of the State, constitute full authority for the exercise of powers granted in those sections, including but not limited to the authorization and issuance of bonds.

2. No other act or law with regard to the authorization or issuance of bonds that provides for an election, requires an approval, or in any way impedes or restricts the carrying out of the acts authorized in NRS 349.900 to 349.929 , inclusive, to be done, apply to any proceedings taken under those sections, or acts done pursuant to those sections, except for laws to which reference is expressly made in those sections or by necessary implication of those sections.

3. The provisions of no other law, either general or local, except as otherwise provided in NRS 349.900 to 349.929 , inclusive, apply to the doing of the things authorized in those sections to be done, and no board, agency, bureau, commission or officer not designated in those sections has any authority or jurisdiction over the doing of any of the acts authorized in those sections to be done, except as otherwise provided in those sections.

4. Any bank or trust company located within or without this state may be appointed and act as a trustee or custodian with respect to bonds issued pursuant to NRS 349.900 to 349.929 , inclusive, without the necessity of associating with any other person or entity as cofiduciary, but such an association is not prohibited.

5. The powers conferred by NRS 349.900 to 349.929 , inclusive, are in addition and supplemental to, and not in substitution for, and the limitations imposed by those sections do not affect the powers conferred by any other law.

6. No part of NRS 349.900 to 349.929 , inclusive, repeals or affects any other law or part thereof, except to the extent that those sections are inconsistent with any other law, it being intended that those sections provide a separate method of accomplishing its objectives, and not an exclusive one.

7. The Director or a person designated by the Director may take any actions and execute and deliver any instrument, contract, certificate and other document, including the bonds, necessary or appropriate for the sale and issuance of the bonds or accomplishing the purposes of NRS 349.900 to 349.929 , inclusive, without the assistance or intervention of any other officer.
Nev. Rev. Stat. § 349.324 — NV Code / Title 30 / Chapter 349 / Section 349.324
Interim debentures: Security for payment
Status: in_force

1. Except as otherwise provided in NRS 349.320 , the proceeds of taxes, pledged revenues and other money, including without limitation proceeds of bonds to be issued or reissued after the issuance of interim debentures, and bonds issued to secure the payment of interim debentures, or any combination thereof, may be pledged to secure the payment of interim debentures; but the proceeds of taxes and the proceeds of bonds payable from taxes, or any combination thereof, must not be used to pay any special obligation interim debentures nor may their payment be secured by a pledge of any such general obligation bonds.

2. Any bonds pledged as collateral security for the payment of any interim debentures must mature at such time or times as the Commission may determine, except as otherwise provided in subsections 3 and 4 of NRS 349.276 .

3. Any bonds pledged as collateral security must not be issued in an aggregate principal amount exceeding the aggregate principal amount of the interim debenture or interim debentures secured by a pledge of such bonds, nor shall they bear interest at any time which, with any interest accruing at the same time on the interim debenture or interim debentures so secured, exceeds the rate permitted on the debenture or debentures secured, computed from the appropriate index which was most recently published before the bids are received or a negotiated offer is accepted.