Nev. Rev. Stat. § 350.015 — NV Code / Title 30 / Chapter 350 / Section 350.015
Criteria for approval or disapproval of certain proposals; requests for information; use of money received from sale of general obligation debt or from special elective tax
Status: in_force

1. In determining whether to approve, conditionally or provisionally approve, or disapprove a proposal to incur debt, to enter an installment-purchase agreement with a term of more than 10 years or to levy a special elective tax, the commission shall not, except as otherwise provided in paragraph (d) and NRS 350.0135 , initiate a determination as to whether the proposed debt, installment-purchase agreement or special elective tax is sought to accomplish a public purpose or to satisfy a public need. The commission shall consider, but is not limited to, the following criteria: (a) If the proposal is to incur debt, the amount of debt outstanding on the part of the municipality proposing to incur the debt. (b) The effect of the tax levy required for debt service on the proposed debt or to repay an installment-purchase agreement with a term of more than 10 years, or of the proposed levy of a special elective tax, upon the ability of the municipality proposing to incur the general obligation debt, enter the installment-purchase agreement or levy the special elective tax and of other municipalities to raise revenue for operating purposes. (c) The anticipated need for other incurrences of debt, installment-purchase agreements or levies of special elective taxes by the municipality proposing to incur the debt, enter the installment-purchase agreement or levy the special elective tax and other municipalities whose tax-levying powers overlap, as shown by the county or regional master plan, if any, and by other available information. (d) If the information set forth in paragraph (b) of subsection 4 of NRS 350.014 indicates that the proposal would result in a combined property tax rate in any of the overlapping entities within the county which exceeds the specified percentage, pursuant to subsection 1 of NRS 350.0155 , of the limit provided in NRS 361.453 : (1) The public need to be served by the proceeds from the proposed debt or tax levy in accordance with the priorities established pursuant to subsection 2 of NRS 350.0155 ; and (2) A comparison of that public need and other public needs that appear on the statements of current and contemplated general obligation debt and special elective taxes submitted pursuant to paragraphs (a) and (b) of subsection 1 of NRS 350.013 that may affect the combined property tax rate in any of the overlapping entities within the county.

2. The commission may make reasonable requests from a municipality for information relating to the criteria described in paragraphs (a) to (d), inclusive, of subsection 1. A municipality shall use its best efforts to comply with information requests from the commission in a timely manner.

3. If the commission approves the proposal, the amount received from the sale of the general obligation debt or from the special elective tax may be expended only for the purposes described in the proposal.
Nev. Rev. Stat. § 349.960 — NV Code / Title 30 / Chapter 349 / Section 349.960
State Engineer may advise Board; State Engineer and Director may assist in preparation of preliminary plan
Status: in_force

1. The State Engineer shall advise the Board, upon its request, of the existence and status of any water rights which affect a water project under consideration by the Board.

2. Upon the Board's request and within the limits of available resources and staff, the State Engineer and the Director may on a case by case basis assist persons in the preparation of a preliminary plan for a water project.
Nev. Rev. Stat. § 349.228 — NV Code / Title 30 / Chapter 349 / Section 349.228
Securities issued as general obligations payable from gross revenues: Covenant requiring appropriations to pay expenses of operation and maintenance
Status: in_force

Any resolution authorizing the issuance of general obligation state securities payable from gross revenues or any indenture or other proceedings appertaining thereto may contain a covenant of the State that to the extent required, as provided therein, the State 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 State shall levy taxes therefor.
Nev. Rev. Stat. § 350.688 — NV Code / Title 30 / Chapter 350 / Section 350.688
Exchange of outstanding securities held by State or its agencies for funding or refunding
Status: in_force

Notwithstanding the provisions of NRS 350.686 or of any other law, this state, acting by and through the State Board of Finance, may agree with the governing body to exchange any outstanding bonds or other securities issued by the municipality 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 municipality 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 governing body for funding or refunding at any time prior to their respective maturities or to any date as of which the municipality 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 ordinance, trust indenture or other proceedings authorizing their issuance.
Nev. Rev. Stat. § 349.240 — NV Code / Title 30 / Chapter 349 / Section 349.240
Time and duration of levy of special tax
Status: in_force

Such tax shall be levied immediately after the issuance of any general obligation securities issued in accordance with the provisions of the State Securities Law, and annually thereafter, at the times and in the manner provided by law, until all of the securities, and the interest thereon, have been fully discharged. Such tax may be first levied after the state, acting by and through the Commission, has contracted to sell any securities but before their issuance.
Nev. Rev. Stat. § 350.594 — NV Code / Title 30 / Chapter 350 / Section 350.594
Time and duration of levy of special tax
Status: in_force

Such tax shall be levied immediately after the issuance of any general obligation securities issued in accordance with the provisions of the Local Government Securities Law, and annually thereafter, at the times and in the manner provided by law, until all of the securities, and the interest thereon, have been fully discharged. Such tax may be first levied after the municipality has contracted to sell any securities but before their issuance.
Nev. Rev. Stat. § 350.694 — NV Code / Title 30 / Chapter 350 / Section 350.694
Conditions for refunding bonds
Status: in_force

1. No bonds may be refunded under this chapter unless the holders thereof voluntarily surrender them for exchange or payment, or unless they either mature or are callable for prior redemption under their terms within 25 years from the date of issuance of the refunding bonds. Provision must be made for paying the securities within that period.

2. The maturity of any bond refunded may not be extended beyond 25 years, or beyond 1 year next following the date of the last outstanding maturity, whichever limitation is later, nor may any interest on any bond refunded be increased to any rate which exceeds the limit provided in NRS 350.2011 .

3. The principal amount of the refunding bonds may exceed the principal amount of the refunded bonds, but in the case of any bonds constituting a debt the principal of the bonds may not be increased to any amount in excess of any municipal debt limitation.

4. The principal amount of the refunding bonds may also be less than or the same as the principal amount of the bonds being refunded so long as provision is duly and sufficiently made for their payment.

5. If at the time of the issuance of any issue of general obligation refunding bonds provision is not made for the redemption of all the outstanding bonds of the issue refunded or the outstanding bonds of each issue refunded, as the case may be, by the use of proceeds of the refunding bonds and any other money available for the redemption, the general obligation refunding bonds may mature but are not required to mature serially in accordance with subsections 2 and 3 of NRS 350.630 .
Nev. Rev. Stat. § 348.010 — NV Code / Title 30 / Chapter 348 / Section 348.010
Legislative findings and declarations
Status: in_force

1. The Legislature finds that: (a) Public securities have traditionally been issued in bearer form, with attached coupons evidencing the installments of interest becoming due on fixed maturity dates, rather than in only full registered form. (b) The Federal Government, by subsection (j) of section 103, Tax Code, 1 as amended by subsection (b) of section 310 of the Tax Equity and Fiscal Responsibility Act of 1982 ( P.L. 97-248 , signed by the President on September 3, 1982), provides in effect that, among other securities, public securities, subject to minor exceptions stated in that federal act, must be in full registered form for the interest on the public securities to be exempt from federal income taxation, but that an obligation of a public body shall be treated as in full registered form if the right to the principal of, any prior redemption premium due in connection with, and stated interest on that obligation may be transferred only through a book entry consistent with regulations prescribed by the Secretary of the Treasury, and, as the federal act was further amended on January 12, 1983, this requirement for the issuance of public securities in full registered form becomes effective on July 1, 1983. (c) The effect of the requirements stated in paragraph (b) will affect the various public bodies and varieties of public securities differently depending on their legal and financial characteristics, their markets and their adaptability to recent and prospective technological and organizational developments.

2. It is hereby declared as a matter of legislative determination that: (a) It is a matter of state concern that public bodies be provided flexibility in the development of systems for such registration of public securities, including systems of book entry and their incidents, to accommodate these different effects. (b) It is the purpose of this chapter to enable the establishment, maintenance and amendment from time to time of differing systems of registration of public securities, to accommodate the differing effects upon public bodies and varieties of public securities. (c) To accomplish the purposes stated in this section and the issuance of public securities the interest on which is exempt from federal income taxation, the provisions of this chapter must be broadly and liberally construed.

1 26 U.S.C.A. § 103.
Nev. Rev. Stat. § 349.430 — NV Code / Title 30 / Chapter 349 / Section 349.430
“Cost of a project” defined
Status: in_force

“ Cost of a project ” means all or a designated part of the cost of any project, including any incidental cost pertaining to the project. The cost of a project may include, among other costs, 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;

4. Establishment of a reserve for contingencies;

5. Interest on bonds for any time which does not exceed the estimated period of construction plus 1 year, discounts on bonds, reserves for the payment of the principal of and interest on bonds, replacement expenses and other costs of issuing bonds;

6. Amending any resolution or other instrument authorizing the issuance of, or otherwise relating to, bonds for the project; and

7. Short-term financing, and the expense of operation and maintenance of the project.
Nev. Rev. Stat. § 349.288 — NV Code / Title 30 / Chapter 349 / Section 349.288
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. § 349.480 — NV Code / Title 30 / Chapter 349 / Section 349.480
“Health and care facility” defined
Status: in_force

“Health and care facility” means a hospital, facility for intermediate care or facility for skilled nursing as those terms are defined in chapter 449 of NRS .
Nev. Rev. Stat. § 349.292 — NV Code / Title 30 / Chapter 349 / Section 349.292
Repurchase of state securities
Status: in_force

Any bonds or other state securities may be repurchased by the Commission 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 State's option within 1 year from the date of their purchase, they may be repurchased without limitation as to price.
Nev. Rev. Stat. § 349.920 — NV Code / Title 30 / Chapter 349 / Section 349.920
Issuance of bonds: Findings of Director and Board
Status: in_force

Before issuing bonds, the Director and the Board shall find that:

1. The financing will provide a public benefit.

2. There are sufficient safeguards to ensure that all money provided pursuant to NRS 349.900 to 349.929 , inclusive, will be expended solely for the purposes stated in NRS 349.900 to 349.929 , inclusive.

3. There are existing and projected needs for venture capital and the money would alleviate an existing shortage of venture capital in the State.

4. The financing is compatible with the investment objectives as stated in the agreement.

5. The financing is compatible with the plan of the State for economic diversification and development or for the marketing and development of tourism in this state, and any modifications thereto.

6. The total amount of money to be provided by the Director is adequate to create the Account for Venture Capital.

7. The agreement is consistent with the provisions of NRS 349.900 to 349.929 , inclusive, and adequately provides for optimum investment of the money and other assets of the Account for Venture Capital.

8. The management company has the experience, reputation, capital, and personnel to be able to accomplish its obligations as specified in the agreement.
Nev. Rev. Stat. § 350.502 — NV Code / Title 30 / Chapter 350 / Section 350.502
Purpose; supplemental nature
Status: in_force

It is the purpose of the Local Government Securities Law to provide a procedure for financing any projects otherwise authorized by law (other than by the levy and collection of special assessments) and for the issuance of securities to evidence or reevidence obligations incurred in connection with any such projects. The Local Government Securities Law is supplemental in nature, and nothing herein contained shall be construed as authorizing any particular project nor as authorizing the incurrence of any obligations to defray the cost of any project.
Nev. Rev. Stat. § 350.530 — NV Code / Title 30 / Chapter 350 / Section 350.530
“Holder” defined
Status: in_force

“Holder,” or any similar term, when used in conjunction with any coupons, any bonds or any other securities, means the person in possession and the apparent owner of the designated item if such obligation is registered for payment to bearer or is not registered, or the term means the registered owner of the designated item if it is at the time registered for payment otherwise than to bearer.
Nev. Rev. Stat. § 349.710 — NV Code / Title 30 / Chapter 349 / Section 349.710
Definitions
Status: in_force

As used in NRS 349.700 to 349.870 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 349.715 to 349.745 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 348.400 — NV Code / Title 30 / Chapter 348 / Section 348.400
No seal required on uncertificated public security
Status: in_force

No manual or facsimile seal is required in connection with any uncertificated public security.
Nev. Rev. Stat. § 350.022 — NV Code / Title 30 / Chapter 350 / Section 350.022
Notice of election on proposal to issue general obligations: Publication
Status: in_force

1. Whenever a municipality by ordinance or resolution, as the governing body may determine, has ordered that a proposal to issue or incur general obligations be submitted to the voters at a special election or the next general municipal election or general state election, the clerk shall cause notice of the election to be published in a newspaper printed in and having a general circulation in the municipality 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 municipality, publication of the notice of election must be made in a newspaper printed in the State of Nevada and having a general circulation in the municipality.
Nev. Rev. Stat. § 349.942 — NV Code / Title 30 / Chapter 349 / Section 349.942
“Revenue bonds” defined
Status: in_force

“Revenue bonds” means bonds, notes or other securities evidencing a special limited obligation of the State, the principal and interest of which are payable solely out of revenues derived from the financing, leasing or sale of the water project to be financed.
Nev. Rev. Stat. § 349.072 — NV Code / Title 30 / Chapter 349 / Section 349.072
State Bond Issuance Account: Creation; appropriations
Status: in_force

There is hereby created in the General Fund in the State Treasury the State Bond Issuance Account to which moneys may be appropriated for the payment of incidental expenses pertaining to state securities and projects relating thereto.
Nev. Rev. Stat. § 349.735 — NV Code / Title 30 / Chapter 349 / Section 349.735
“Loss” defined
Status: in_force

“Loss” means a loss incurred by an exporter on an eligible transaction because of:

1. The insolvency of the foreign customer or other failure of the customer to pay to the exporter when due, all or part of the money due from the transaction as denominated in United States currency; or

2. War, revolution, the diversion of goods, revocation of licenses, embargoes and other similar political incidents occurring in the customer's country or any delay in obtaining payment in dollars.
Nev. Rev. Stat. § 350A.140 — NV Code / Title 30 / Chapter 350A / Section 350A.140
Powers of State Treasurer as Administrator of Municipal Bond Bank
Status: in_force

1. The State Treasurer is the Administrator of the Municipal Bond Bank.

2. In his or her capacity as Administrator, the State Treasurer may: (a) Sue and be sued to establish or enforce any right arising out of a lending project or of any state securities issued pursuant to this chapter; (b) Acquire and hold municipal securities and revenue securities, and exercise all of the rights of holders of those securities; (c) Sell or otherwise dispose of municipal securities and revenue securities and assets acquired in connection with those securities, unless limited by any agreement which relates to those securities; (d) Make contracts and execute all necessary or convenient instruments; (e) Accept grants of money from the Federal Government, the State, any agency or political subdivision, or any other person; (f) Adopt regulations relating to lending projects and the administration of lending projects; (g) Employ for himself or herself or for any municipality, any necessary legal, fiscal, engineering and other expert services in connection with lending projects and with the authorization, sale and issuance of state securities, municipal securities and revenue securities; (h) Enter into agreements and arrangements consistent with the provisions of this chapter with respect to the issuance of state securities and the purchase of municipal and revenue securities; (i) Make findings concerning the sufficiency of revenues and taxes pledged for the payment of revenue securities to repay state securities which were issued to acquire those revenue securities; (j) At the request of a municipality, on or before June 30, 2011, apply for and accept a volume cap allocation for tax credit bonds that authorizes the issuance of bonds which can be sold with a federal income tax credit; (k) On or before June 30, 2011, enter into any agreement with the Federal Government that the State Treasurer determines is necessary or advisable: (1) To issue bonds which can be sold with a federal income tax credit pursuant to the provisions of the Internal Revenue Code, as amended; and (2) To receive a volume cap allocation for tax credit bonds described in paragraph (j); and (l) Undertake other matters which he or she determines to be necessary or desirable in accomplishing the purposes of this chapter.
Nev. Rev. Stat. § 349.226 — NV Code / Title 30 / Chapter 349 / Section 349.226
Special obligations: Types of securities
Status: in_force

The State may issue as special obligations any of the following types of state securities:

1. Notes;

2. Warrants;

3. Interim debentures;

4. Bonds; and

5. Temporary bonds,

in anticipation of net pledged revenues but not under any circumstances under their terms and the proceedings authorizing their issuance in anticipation of taxes nor in anticipation of gross pledged revenues. Such special obligation state securities may be payable from, secured by a pledge of, and constitute a lien on net pledged revenues.
Nev. Rev. Stat. § 349.354 — NV Code / Title 30 / Chapter 349 / Section 349.354
Bonds and other securities exempt from taxation; exceptions
Status: in_force

1. Except as otherwise provided in subsection 2, bonds and other securities issued pursuant to the provisions of the State Securities Law, their transfer and the income therefrom must forever be and remain free and exempt from taxation by this state or any subdivision thereof.

2. The provisions of subsection 1 do not apply to the tax on estates imposed pursuant to the provisions of chapter 375A of NRS or the tax on generation-skipping transfers imposed pursuant to the provisions of chapter 375B of NRS .
Nev. Rev. Stat. § 350.135 — NV Code / Title 30 / Chapter 350 / Section 350.135
“Financial adviser” defined
Status: in_force

“Financial adviser” means a financial consulting firm whose employees have experience in advising municipalities relating to the issuance of debt instruments, and which, except for its consulting relationship with the municipality, is not under the control of the municipality.
Nev. Rev. Stat. § 350.027 — NV Code / Title 30 / Chapter 350 / Section 350.027
Sample ballot and notice of election on proposal to issue bonds or other securities to contain estimate of annual cost to operate, maintain and repair improvements to be constructed or acquired with proceeds of bonds or other securities
Status: in_force

1. In addition to any requirements imposed pursuant to NRS 350.024 , any sample ballot required to be distributed pursuant to NRS 293.565 or 293C.530 and any notice of election, for an election that includes a proposal for the issuance by any municipality of any bonds or other securities, including an election that is not called pursuant to NRS 350.020 to 350.070 , inclusive, must contain an estimate of the annual cost to operate, maintain and repair any buildings, structures or other facilities or improvements to be constructed or acquired with the proceeds of the bonds or other securities.

2. For the purposes of this section, “municipality” has the meaning ascribed to it in NRS 350.538 .
Nev. Rev. Stat. § 348.450 — NV Code / Title 30 / Chapter 348 / Section 348.450
Acceptance of deposit of public securities as security
Status: in_force

Whenever under the laws of the State a deposit of public securities is authorized as security, public securities otherwise meeting the authorized criteria, which are issued under a system of full registration which provides for registration of pledges of such securities, may be deposited and must be accepted as security if the pledge is registered.
Nev. Rev. Stat. § 349.358 — NV Code / Title 30 / Chapter 349 / Section 349.358
Legal investments for other persons
Status: in_force

1. It is legal for any bank, trust company, banker, savings bank or institution, savings and loan association, investment company and any other person carrying on a banking or investment business, any insurance company, insurance association, or any other person carrying on an insurance business, and any executor, administrator, curator, trustee or any other fiduciary, to invest funds or money in his or her custody in any of the bonds or other securities issued in accordance with the provisions of the State Securities Law.

2. Nothing contained in this section with regard to legal investments relieves any representative of any corporation or other person of any duty of exercising reasonable care in selecting securities.
Nev. Rev. Stat. § 349.298 — NV Code / Title 30 / Chapter 349 / Section 349.298
Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds
Status: in_force

1. The validity of any securities shall not be dependent on nor affected by the validity or regularity of any proceedings relating to a project or the proper completion of any purpose for which the securities are issued.

2. The purchaser or purchasers of the securities shall in no manner be responsible for the application of the proceeds of the securities by the State or any of its officers, agents and employees.
Nev. Rev. Stat. § 349.857 — NV Code / Title 30 / Chapter 349 / Section 349.857
Director: Loans of securities
Status: in_force

1. The Director may lend any securities in which he or she invests pursuant to NRS 349.855 if he or she receives collateral from the borrower in the form of cash or marketable securities that are: (a) Acceptable to the Director; and (b) At least 102 percent of the value of the securities borrowed.

2. The Director may enter into such contracts as are necessary to extend and manage loans pursuant to this section.
Nev. Rev. Stat. § 349.840 — NV Code / Title 30 / Chapter 349 / Section 349.840
Bonds: Repurchase
Status: in_force

The Director, subject to such agreements with holders of bonds as may then exist, may, out of any money available therefor, purchase the bonds at a price not exceeding:

1. The redemption price then applicable plus accrued interest to the date of the next interest payment thereon if the bonds are then redeemable; or

2. The redemption price applicable on the first date after the purchase upon which the bonds become subject to redemption, plus accrued interest to that date, if the bonds are not redeemable.
Nev. Rev. Stat. § 350.686 — NV Code / Title 30 / Chapter 350 / Section 350.686
Calls for prior redemption: Limitations
Status: reserved

Nothing contained in the Local Government Securities Law or in any other law of this state shall be construed to permit the governing body to call on behalf of the municipality bonds or other securities outstanding now or any time after April 12, 1967, for prior redemption in order to fund or refund such securities or in order to pay them prior to their stated maturities, unless the right to call such securities for prior redemption was specifically reserved and stated in such securities at the time of their issuance, and all conditions with respect to the manner, price and time applicable to such prior redemption as set forth in the proceedings authorizing the outstanding securities are strictly observed. It is the intention of the Legislature in this section to make it certain that the holder of no outstanding bond or other security may be compelled to surrender such security for funding or refunding prior to its stated maturity or optional date of prior redemption expressly reserved therein, even though such funding or refunding might result in financial benefit to the municipality.
Nev. Rev. Stat. § 351.050 — NV Code / Title 30 / Chapter 351 / Section 351.050
Use of facsimile signatures otherwise authorized by law
Status: in_force

Nothing in this chapter shall be construed to prohibit the use of a facsimile signature where otherwise authorized by law.
Nev. Rev. Stat. § 350.640 — NV Code / Title 30 / Chapter 350 / Section 350.640
Securities not invalid because signatories cease to fill offices
Status: in_force

The bonds, any coupons appertaining thereto and other securities, bearing the signatures of the officers in office at the time of the signing thereof, shall be the valid and binding obligations of the municipality, notwithstanding that before the delivery thereof and payment therefor any or all of the persons whose signatures appear thereon have ceased to fill their respective offices.
Nev. Rev. Stat. § 350.0115 — NV Code / Title 30 / Chapter 350 / Section 350.0115
Creation; composition; selection and terms of members; interest in securities issued by State or political subdivision prohibited; vacancies
Status: in_force

1. There is hereby created in each county whose population is 700,000 or more a debt management commission, to be composed of: (a) Three representatives of the board of county commissioners from its membership; (b) One representative of each governing body of the five largest incorporated cities in the county from its membership; (c) One representative of the board of trustees of the county school district from its membership; and (d) Two representatives of the public at large.

2. There is hereby created in each county whose population is less than 700,000 a debt management commission, to be composed of one representative of the county, one representative of the school district and the following additional representatives: (a) In each such county which contains more than one incorporated city: (1) One representative of the city in which the county seat is located; (2) One representative of the other incorporated cities jointly; and (3) One representative of the public at large. (b) In each such county which contains one incorporated city: (1) One representative of the incorporated city; and (2) Two representatives of the public at large. (c) In each such county which contains no incorporated city, one representative of the public at large. (d) In each such county which contains one or more general improvement districts, one representative of the district or districts jointly and one additional representative of the public at large.

3. In Carson City, there is hereby created a debt management commission, to be composed of one representative of the Board of Supervisors, one representative of the school district and three representatives of the public at large. The representative of the Board of Supervisors and the representative of the school district shall select the representatives of the public at large and, for that purpose only, constitute a quorum of the debt management commission. Members of the commission serve for a term of 2 years beginning on January 1, or until their successors are chosen.

4. Except as otherwise provided in subsection 1, each representative of a single local government must be chosen by its governing body. Each representative of two or more local governments must be chosen by their governing bodies jointly, each governing body having one vote. Each representative of the general improvement districts must be chosen by their governing bodies jointly, each governing body having one vote. Each representative of the public at large must be chosen by the other members of the commission from residents of the county, or Carson City, as the case may be, who have a knowledge of its financial structure. A tie vote must be resolved by lot.

5. A person appointed as a member of the commission in a county whose population is 100,000 or more who is not an elected officer or a person appointed to an elective office for an unexpired term must have at least 5 years of experience in the field of public administration, public accounting or banking.

6. A person appointed as a member of the commission shall not have a substantial financial interest in the ownership or negotiation of securities issued by this State or any of its political subdivisions.

7. Except as otherwise provided in this subsection, members of the commission or their successors must be chosen in January of each odd-numbered year and hold office for a term of 2 years beginning January 1. The representatives of incorporated cities must be chosen after elections are held in the cities, but before the annual meeting of the commission in August. The term of a representative who serves pursuant to paragraph (a), (b) or (c) of subsection 1 is coterminous with the term of his or her elected office, unless the public entity that appointed the representative revokes his or her appointment.

8. Any vacancy must be filled in the same manner as the original choice was made for the remainder of the unexpired term.
Nev. Rev. Stat. § 350.105 — NV Code / Title 30 / Chapter 350 / Section 350.105
Definitions
Status: in_force

As used in NRS 350.105 to 350.195 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 350.115 to 350.145 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 348A.030 — NV Code / Title 30 / Chapter 348A / Section 348A.030
Director or designee may make required certification
Status: in_force

The Director or any officer or employee of the State designated in writing by the Governor or the Director may make the certification required by 26 U.S.C. § 149(e)(2)(F) .
Nev. Rev. Stat. § 349.560 — NV Code / Title 30 / Chapter 349 / Section 349.560
Legislative declaration
Status: in_force

It is the intent of the Legislature to authorize the Director, with the approval of the Office of Economic Development, to finance, acquire, own, lease, improve and dispose of properties to:

1. Promote industry and employment and develop trade by inducing manufacturing, industrial, warehousing and commercial enterprises and organizations for research and development to locate, remain or expand in this state to further prosperity throughout the State and to further the use of the agricultural products and the natural resources of this state.

2. Enhance public safety by protecting hotels, motels, apartment buildings, casinos, office buildings and their occupants from fire.

3. Promote the public health by enabling the acquisition, development, expansion and maintenance of health and care facilities and supplemental facilities for health and care facilities which will provide services of high quality at reasonable rates to the residents of the community in which the facilities are situated.

4. Promote the educational, cultural, economic and general welfare of the public by financing civic and cultural enterprises, certain educational institutions and the preservation or restoration of historic structures.

5. Promote the social welfare of the residents of this state by enabling a corporation for public benefit to acquire, develop, expand and maintain facilities that provide services for those residents.

6. Promote the generation of electricity in this state.
Nev. Rev. Stat. § 349.715 — NV Code / Title 30 / Chapter 349 / Section 349.715
“Bonds” defined
Status: in_force

“Bonds” means bonds, notes or other securities evidencing an obligation and issued under NRS 349.700 to 349.870 , inclusive.
Nev. Rev. Stat. § 350.583 — NV Code / Title 30 / Chapter 350 / Section 350.583
Variable rates of interest for securities; agreement with third party for assurance of payment for securities; reimbursement for advances made pursuant to agreement; issuance of securities as commercial paper
Status: in_force

1. The ordinance or resolution authorizing the issuance of any municipal securities that bear interest at a variable rate or any securities described in subsection 3, 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 ordinance or other instrument, which procedure must include the parameters within which the rate may be fixed by that agent. The rate so determined must approximate the rates then being paid for other securities which contain similar provisions and have an equivalent rating. A governing body of a municipality may contract with or select any person to make that determination.

2. A governing body of a municipality 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 municipal securities issued by the governing body. The obligation of the governing body 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 ordinance or resolution authorizing the issuance of those securities or any other instrument appertaining thereto. The governing body may assign its rights under that agreement.

3. A municipality may, in accordance with the provisions of this subsection, issue any securities it is otherwise authorized to issue as commercial paper to fund the cost of any project or to refinance any commercial paper or other securities previously issued by that municipality. The term of any commercial paper issued pursuant to this subsection must not exceed 270 days. An agent may be appointed to fix the rates of interest and maturity dates for the commercial paper. Any commercial paper issued pursuant to this subsection may be refunded by any other commercial paper or other securities as may be specified in the ordinance or resolution authorizing the issuance of the commercial paper and the program under which the commercial paper is issued, without any further action by the governing body of the municipality or any other governmental entity, subject to the limitations provided in this section and any limitations provided in that ordinance or resolution. The ordinance or resolution authorizing the issuance of the commercial paper and the program under which the commercial paper is issued: (a) Must state the maximum principal amount of commercial paper that may be outstanding at any time; and (b) Except as otherwise provided in this paragraph, may provide that any amount of the commercial paper which is issued and subsequently retired and repaid, other than through a refunding with commercial paper issued under the same program, may be reissued in an amount that does not exceed the amount previously issued, without any reauthorization of those obligations, if the proceeds of that reissued commercial paper are used only for the purposes specified in that ordinance or resolution. The authority granted pursuant to this paragraph may be exercised under a program for the issuance of commercial paper that comprises a general obligation of the municipality only if: (1) The municipality indicates an intention to exercise that authority in the proposal to incur that general obligation debt which it submits to the debt management commission; (2) The maximum principal amount of commercial paper which is authorized to be outstanding is counted against any applicable debt limit of the municipality; and (3) The program terminates: (I) Within 6 years, if the commercial paper comprises a general obligation of the municipality; or (II) Within 10 years, if the commercial paper comprises a special obligation of the municipality.
Nev. Rev. Stat. § 349.280 — NV Code / Title 30 / Chapter 349 / Section 349.280
Interest coupons
Status: in_force

Any bonds issued hereunder (except temporary bonds) shall have one or two sets of interest coupons, bearing the number of the bond to which they are respectively attached, numbered consecutively in regular numerical order, and attached in such manner that they can be removed upon the payment of the installments of interest without injury to the bonds, except as herein otherwise provided.
Nev. Rev. Stat. § 350A.030 — NV Code / Title 30 / Chapter 350A / Section 350A.030
“Board” defined
Status: in_force

“Board” means the State Board of Finance.
Nev. Rev. Stat. § 349.294 — NV Code / Title 30 / Chapter 349 / Section 349.294
Use of money received from issuance of state 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 Commission may determine.
Nev. Rev. Stat. § 349.986 — NV Code / Title 30 / Chapter 349 / Section 349.986
General obligation bonds
Status: in_force

1. The State Board of Finance shall issue general obligation bonds of the State of Nevada to support the purposes of the program established by NRS 349.981 . The aggregate principal amount of such bonds outstanding at any one time may not exceed $125,000,000.

2. The net proceeds from the sale of the bonds must be deposited in the Fund.

3. The bonds must be redeemed through the Consolidated Bond Interest and Redemption Fund.
Nev. Rev. Stat. § 349.210 — NV Code / Title 30 / Chapter 349 / Section 349.210
“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. § 349.290 — NV Code / Title 30 / Chapter 349 / Section 349.290
Redemption before maturity
Status: in_force

The Commission may provide for the redemption of any or all of the bonds or other state securities before maturity, in such order, by lot or otherwise, at such time or times, without or with the payment of such premium or premiums not exceeding 9 percent of the principal amount of each bond or other security so redeemed, and otherwise upon such terms as may be provided by the Commission in the resolution authorizing the issuance of the securities or other instrument appertaining thereto.
Nev. Rev. Stat. § 350.644 — NV Code / Title 30 / Chapter 350 / Section 350.644
Redemption before maturity
Status: in_force

The governing body may provide for the redemption of any or all of the bonds or other municipal securities before maturity, in such order, by lot or otherwise, at such a time or times, without or with the payment of such a premium or premiums not exceeding 9 percent of the principal amount of each bond or other security so redeemed, and otherwise upon such terms as may be provided by the governing body in the ordinance authorizing the issuance of the securities or other instrument appertaining thereto.
Nev. Rev. Stat. § 349.940 — NV Code / Title 30 / Chapter 349 / Section 349.940
“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. § 350.592 — NV Code / Title 30 / Chapter 350 / Section 350.592
Annual levy of special tax to pay interest on and retire securities issued as general obligations; proceeds of tax kept in two special funds; consolidated debt service fund
Status: in_force

1. There must be levied annually in due season a special tax on all property, both real and personal, subject to taxation within the boundaries of the municipality, 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 or charter tax limitations other than the limitation set forth in NRS 361.453 , to pay the interest on the general obligation municipal securities and to pay and retire the securities as provided in the Local Government 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 within 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 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; but, except as prevented by any contractual limitations imposed upon the municipality by proceedings appertaining to its outstanding securities, the municipality may provide for a consolidated debt service fund to pay principal of and interest on outstanding securities, when due.
Nev. Rev. Stat. § 349.130 — NV Code / Title 30 / Chapter 349 / Section 349.130
Deficiencies in Fund made up from State General Fund
Status: in_force

The moneys provided for by the terms of NRS 349.080 to 349.140 , inclusive, to be paid into the Consolidated Bond Interest and Redemption Fund shall, on all occasions, be applied for the purposes of redemption and interest payments on bonds. If any bonds become due for redemption or any interest thereon becomes due when there is an insufficient sum of money in the Consolidated Bond Interest and Redemption Fund, then any such deficiency forthwith shall be appropriated and paid out of the General Fund of the State.
Nev. Rev. Stat. § 350.091 — NV Code / Title 30 / Chapter 350 / Section 350.091
Governing body to update plan for capital improvement under certain circumstances; issuance and terms of evidence of medium-term obligation or installment-purchase agreement; regulations; applicability of prevailing wage requirements to certain lease-purchase or installment-purchase agreements
Status: in_force

1. Whenever the governing body of any local government is authorized to enter into a medium-term obligation or installment-purchase agreement as provided in NRS 280.266 or 350.089 that is intended to finance a capital project, the governing body shall update its plan for capital improvement in the same manner as is required for general obligation debt pursuant to NRS 350.013 .

2. Whenever the governing body of any local government is authorized to enter into a medium-term obligation as provided in NRS 350.089 , the governing body may issue, as evidence thereof, negotiable notes or medium-term negotiable bonds that, except as otherwise provided in subsection 5 of NRS 496.155 : (a) Must mature not later than 10 years after the date of issuance; (b) Must 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; and (c) May, at the option of the local government, contain a provision which allows redemption of the notes or bonds before maturity, upon such terms as the governing body determines.

3. Whenever the governing body of any local government is authorized to enter into an installment-purchase agreement as provided in NRS 280.266 or 350.089 , the governing body may issue, as evidence thereof, an installment-purchase agreement, lease or other evidence of a transaction described in NRS 350.800 . An installment-purchase agreement, lease or other evidence of a transaction described in NRS 350.800 issued pursuant to this subsection: (a) Must have a term that is 30 years or less; (b) Must bear interest at a rate or rates that do not exceed by more than 3 percent the Index of Revenue Bonds which was most recently published before the local government enters into the installment-purchase agreement; and (c) May, at the option of the local government, contain a provision that allows prepayment of the purchase price upon such terms as are provided in the agreement.

4. If the term of the medium-term obligation or installment-purchase agreement is more than 5 years, the weighted average term of the medium-term obligation or installment-purchase agreement may not exceed the estimated weighted average useful life of the assets being financed with the medium-term obligation or installment-purchase agreement. For the purposes of this subsection, the Committee on Local Government Finance may adopt regulations that provide guidelines for the useful life of various types of assets and for calculation of the weighted average useful life of assets.

5. If a lease-purchase or installment-purchase agreement pursuant to NRS 280.266 or 350.089 involves the construction, alteration, repair or remodeling of an improvement: (a) The person or entity that executes one or more contracts or agreements for the actual construction, alteration, repair or remodeling of the improvement shall include in such a contract or agreement the contractual provisions and stipulations that are required to be included in a contract for a public work pursuant to the provisions of NRS 338.013 to 338.090 , inclusive. (b) The governing body, the contractor who is awarded the contract or entered into the agreement to perform the construction, alteration, repair or remodeling of the improvement and any subcontractor on the project shall comply with the provisions of NRS 338.013 to 338.090 , inclusive, in the same manner as if the governing body had undertaken the project or had awarded the contract.
Nev. Rev. Stat. § 350A.090 — NV Code / Title 30 / Chapter 350A / Section 350A.090
“Purpose related to natural resources” defined
Status: in_force

“ Purpose related to natural resources ” means a purpose necessary, expedient or advisable for the protection and preservation of any property or natural resources of the State, or for obtaining the benefits thereof, including without limitation water projects, sewer projects, projects to protect and preserve the natural resources and property of the State from floods and park projects which preserve natural landscape or wildlife habitat or both.
Nev. Rev. Stat. § 349.911 — NV Code / Title 30 / Chapter 349 / Section 349.911
Limitation on personal liability of Director or person acting on his or her behalf
Status: in_force

In the absence of fraud, malice or willful misconduct, the Director or any person acting on his or her behalf is not personally liable on any contracts or other agreements entered into by the Director pursuant to NRS 349.900 to 349.929 , inclusive, or for any damage or injury resulting from the performance of those duties.
Nev. Rev. Stat. § 350A.154 — NV Code / Title 30 / Chapter 350A / Section 350A.154
Revenue security pledged by allocable local revenues not debt of State
Status: in_force

A pledge of allocable local revenues for the payment of a revenue security pursuant to the provisions of this chapter does not cause the revenue security to be a debt of the State.
Nev. Rev. Stat. § 350.570 — NV Code / Title 30 / Chapter 350 / Section 350.570
Power of municipality to become obligated and issue securities for project
Status: in_force

For the purpose of paying the cost of any project authorized by law (other than the Local Government Securities Law), at any time or from time to time the municipality may borrow money or otherwise become obligated for the project and may evidence any such obligation by the issuance of municipal securities in accordance with the provisions of the Local Government Securities Law, to the extent otherwise authorized by law.
Nev. Rev. Stat. § 350A.190 — NV Code / Title 30 / Chapter 350A / Section 350A.190
Fund for the Municipal Bond Bank: Creation; disposition of revenue; exception
Status: in_force

1. Except as otherwise provided in NRS 445A.255 , all revenues from lending projects must be deposited in the Fund for the Municipal Bond Bank in the State Treasury, which is hereby created as a special revenue fund.

2. Any revenue from lending projects which is in the Fund must be applied in the following order of priority: (a) Deposited into the Consolidated Bond Interest and Redemption Fund created pursuant to NRS 349.090 in amounts necessary to pay the principal of, interest on and redemption premiums due in connection with state securities issued pursuant to this chapter. (b) Deposited into any reserve account created for the payment of the principal of, interest on and redemption premiums due in connection with state securities issued pursuant to this chapter, in amounts and at times determined to be necessary. (c) Paid out for expenses of operation and maintenance. (d) On July 1 of each odd-numbered year, to the extent of any uncommitted balance in the Fund, deposited in the State General Fund.
Nev. Rev. Stat. § 349.921 — NV Code / Title 30 / Chapter 349 / Section 349.921
Bonds: Safety as to repayment of principal and interest; Fund for the Retirement of Bonds; investment of money in Fund
Status: in_force

1. The bonds issued pursuant to NRS 349.900 to 349.929 , inclusive, must be structured to provide a significant degree of safety as to repayment of principal and interest upon their maturity.

2. A portion of the proceeds of the bonds must be placed in a Fund for the Retirement of Bonds. The money in this Fund must be invested in: (a) Direct obligations of, or obligations the payment of the principal of and the interest of which are unconditionally guaranteed by the United States; (b) Obligations issued or guaranteed as to principal and interest by any agency or instrumentality of the United States; or (c) 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.

3. The amount of the deposit in the Fund for the Retirement of Bonds must be determined on the basis of the yields available from the securities in which that money may be invested on the date of the deposit and calculated so as to produce, without reinvestment, a balance in the Fund sufficient to pay the principal amount due on the bonds at maturity.
Nev. Rev. Stat. § 349.214 — NV Code / Title 30 / Chapter 349 / Section 349.214
Power of State to become obligated and issue securities for project
Status: in_force

For the purpose of paying the cost of any project authorized by law (other than the State Securities Law), at any time or from time to time the State may borrow money or otherwise become obligated for the project and may evidence any such obligation by the issuance of state securities in accordance with the provisions of the State Securities Law, to the extent otherwise authorized by law.
Nev. Rev. Stat. § 350.658 — NV Code / Title 30 / Chapter 350 / Section 350.658
Investment and reinvestment of revenues and proceeds of taxes and securities in federal securities and certain money market mutual funds
Status: in_force

1. The governing body, subject to any contractual limitations from time to time imposed upon the municipality by any ordinance authorizing the issuance of the municipality's outstanding securities or by any trust indenture or other proceedings appertaining thereto, may cause to be invested and reinvested any proceeds of taxes, any pledged revenues and any proceeds of bonds or other municipal securities issued hereunder in: (a) Federal securities and other securities of the Federal Government. (b) 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. The governing body may cause such proceeds of taxes, revenues, municipal securities, federal securities, other securities of the Federal Government and money market mutual funds to be deposited in any trust bank or trust banks within or without or both within and without this state and secured in such manner and subject to such terms and conditions as the governing body may determine, with or without the payment of any interest on such deposit, including, without limitation, time deposits evidenced by certificates of deposit.

2. Any federal securities, other securities of the Federal Government, shares in money market mutual funds and any such certificates of deposit thus held may, from time to time, be sold, and the proceeds may be so reinvested or redeposited as provided in this section.

3. Sales and redemptions of any federal securities, other securities of the Federal Government, shares in money market mutual funds and such certificates of deposit thus held must, from time to time, be made in season so that the proceeds may be applied to the purposes for which the money with which such securities, shares in money market mutual funds and certificates of deposit were originally acquired was placed in the municipal treasury.

4. Any gain from any such investments or reinvestments may be credited to any fund or account pledged for the payment of any municipal securities issued hereunder, including any reserve therefor, or any other fund or account appertaining to a project or any facilities or the municipality's general fund, subject to any contractual limitations in any proceedings appertaining to outstanding municipal securities.

5. It is lawful for any commercial bank incorporated under the laws of this state which may act as depository of the proceeds of any securities issued hereunder, any federal securities, other securities of the Federal Government and shares in money market mutual funds owned by the municipality, any proceeds of taxes, any pledged revenues, and any money otherwise appertaining to a project or any facilities, or any combination thereof, to furnish such indemnifying bonds and to pledge such federal securities, such other securities issued by the Federal Government, such shares in money market funds and such other securities as may be required by the governing body.
Nev. Rev. Stat. § 350.588 — NV Code / Title 30 / Chapter 350 / Section 350.588
Securities issued as special obligations do not constitute outstanding indebtedness
Status: in_force

Any other municipal securities (except general obligation notes and general obligation warrants) constitute special obligations of the municipality, 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 municipality nor exhaust its debt-incurring power under any such debt limitation.
Nev. Rev. Stat. § 350A.130 — NV Code / Title 30 / Chapter 350A / Section 350A.130
Loans to municipalities by state purchase of municipal securities authorized
Status: in_force

In order to:

1. Protect and preserve the property and natural resources of the State, and to obtain the benefits thereof; and

2. Assist municipalities in the acquisition, construction and equipping of public improvements,

the State Treasurer may make loans to municipalities by purchasing their municipal securities validly issued for a purpose related to natural resources or their revenue securities validly issued for a purpose related to any undertaking which the municipality is authorized to complete.
Nev. Rev. Stat. § 349.332 — NV Code / Title 30 / Chapter 349 / Section 349.332
Calls for prior redemption: Limitations
Status: reserved

Nothing contained in the State Securities Law or in any other law of this state shall be construed to permit the Commission to call on behalf of the State bonds or other securities outstanding now or any time after April 5, 1967, for prior redemption in order to fund or refund such securities or in order to pay them prior to their stated maturities, unless the right to call such securities for prior redemption was specifically reserved and stated in such securities at the time of their issuance, and all conditions with respect to the manner, price and time applicable to such prior redemption as set forth in the proceedings authorizing the outstanding securities are strictly observed. It is the intention of the Legislature in this section to make it certain that the holder of no outstanding bond or other security may be compelled to surrender such security for funding or refunding prior to its stated maturity or optional date of prior redemption expressly reserved therein, even though such funding or refunding might result in financial benefit to the State.
Nev. Rev. Stat. § 349.250 — NV Code / Title 30 / Chapter 349 / Section 349.250
Payment of state securities not to be secured by encumbrance, mortgage or pledge of State's property; exception
Status: in_force

The payment of state securities shall not be secured by an encumbrance, mortgage or other pledge of property of the State, except for its pledged revenues, proceeds of taxes and any other moneys pledged for the payment of the securities. No property of the State, subject to such exception, shall be liable to be forfeited or taken in payment of the securities.
Nev. Rev. Stat. § 349.919 — NV Code / Title 30 / Chapter 349 / Section 349.919
Issuance of revenue bonds: Director required to submit findings to Board; approval of Board; limitation on amount of bonds
Status: in_force

1. The Director may, if he or she finds it feasible, issue revenue bonds to the extent necessary to provide sufficient money for the Account for Venture Capital and sufficient to pay the interest on the bonds until the proceeds are so used and to pay all other expenses incurred in providing the financing.

2. The Director shall submit to the Board a copy of his or her findings relevant to the issuance of the bonds. If the Board approves, the Director may proceed to issue the bonds in the amount approved, but the aggregate principal amount of outstanding bonds issued, based upon the face value of the initial issue, must not exceed $100,000,000. The Director may issue bonds the interest on which is not exempt from federal income tax or excluded from gross revenue for the purposes of federal income tax.
Nev. Rev. Stat. § 350.021 — NV Code / Title 30 / Chapter 350 / Section 350.021
Proposal may be combined on ballot with proposal to levy tax ad valorem for related purpose
Status: in_force

A proposal to issue or incur general obligations pursuant to NRS 350.020 and a proposal to levy an additional tax ad valorem pursuant to NRS 354.5982 for a purpose related to the purpose for which the general obligations are issued or incurred may be combined into a single proposition.
Nev. Rev. Stat. § 350.598 — NV Code / Title 30 / Chapter 350 / Section 350.598
Application of other available money to payment of interest on and principal of securities issued as general obligations
Status: in_force

Nothing contained in the Local Government Securities Law shall be so construed as to prevent the municipality from applying any funds (other than taxes) that may be available for that purpose to the payment of the interest on or the principal of any general obligation municipal securities as the same respectively mature, and regardless of whether the payment of the general obligation municipal securities is additionally secured by a pledge of revenues, and upon such payments, the levy or levies of taxes provided in the Local Government Securities Law may thereupon to that extent be diminished.
Nev. Rev. Stat. § 349.300 — NV Code / Title 30 / Chapter 349 / Section 349.300
Special funds and accounts: Creation; purposes
Status: in_force

The Commission in any resolution 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. § 349.206 — NV Code / Title 30 / Chapter 349 / Section 349.206
“Treasurer” defined
Status: in_force

“Treasurer” means the de facto or de jure State Treasurer of the State of Nevada, or his or her successor in functions, if any.
Nev. Rev. Stat. § 349.610 — NV Code / Title 30 / Chapter 349 / Section 349.610
Form and terms of bonds; sale; employment of financial and legal consultants
Status: in_force

1. The bonds must be authorized by an order of the Director, and must: (a) Be in the denominations; (b) Bear the date or dates; (c) Mature at the time or times, not exceeding 40 years after their respective dates; (d) Bear interest at a rate or rates specified in the order; (e) Be in the form; (f) Carry the registration privileges; (g) Be executed in the manner; (h) Be payable at the place or places within or without the State; and (i) Be subject to the terms of redemption, which the order authorizing their issue provides.

2. The bonds may be sold in one or more series at par, or below or above par, in the manner and for the price or prices which the Director determines in his or her discretion. As an incidental expense to any project to be financed by the bonds, the Director may employ financial and legal consultants in regard to the financing of the project.

3. The bonds are fully negotiable under the terms of the Uniform Commercial Code -- Investment Securities.
Nev. Rev. Stat. § 350.700 — NV Code / Title 30 / Chapter 350 / Section 350.700
Refunding bonds payable from taxes or pledged revenues
Status: in_force

Refunding bonds may be made payable from any taxes or pledged revenues, or both taxes and such revenues, which might be legally pledged for the payment of the bonds being refunded at the time of the refunding or at the time of the issuance of the bonds being refunded, as the governing body may determine, notwithstanding the taxes, or the revenue sources, or the pledge of such revenues, or any combination thereof, for the payment of the outstanding bonds being refunded is thereby modified, subject to the provisions of NRS 350.674 .
Nev. Rev. Stat. § 350.558 — NV Code / Title 30 / Chapter 350 / Section 350.558
“Taxation” defined
Status: in_force

“Taxation” means the levy and collection of taxes as defined in NRS 350.560 , but in NRS 350.710 “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. § 348A.040 — NV Code / Title 30 / Chapter 348A / Section 348A.040
Regulations
Status: in_force

The Director may adopt such regulations as are necessary to carry out the provisions of this chapter, including:

1. Procedures by which volume caps may be augmented or diminished within the state ceiling for any calendar year;

2. Requirements for the timely use or reversion of the volume cap for any local government; and

3. Provisions by which the Director, any local government or any agency of this or any other state may share or use any available volume cap.
Nev. Rev. Stat. § 350.552 — NV Code / Title 30 / Chapter 350 / Section 350.552
“Project” defined
Status: in_force

“Project” means any undertaking or undertakings which the governing body is authorized by law (other than the Local Government Securities Law) to do in the name of the municipality, the cost of which the governing body is authorized by law (other than the Local Government Securities Law) to defray wholly or in part by the issuance of bonds or other securities of the municipality as provided hereunder.
Nev. Rev. Stat. § 349.170 — NV Code / Title 30 / Chapter 349 / Section 349.170
“Facilities” defined
Status: in_force

“Facilities” means buildings, structures, utilities or other income-producing facilities from the operation of which or in connection with which pledged revenues for the payment of any bonds or other securities issued hereunder are derived, including without limitation any facilities to be acquired with the proceeds of the bonds or securities issued hereunder.
Nev. Rev. Stat. § 350.690 — NV Code / Title 30 / Chapter 350 / Section 350.690
Refunding of outstanding securities evidencing long-term loans
Status: in_force

Any provision herein concerning the refunding of outstanding bonds includes any outstanding securities evidencing long-term loans to the municipality regardless of whether such securities are designated as bonds, certificates, single certificates or otherwise.
Nev. Rev. Stat. § 349.555 — NV Code / Title 30 / Chapter 349 / Section 349.555
Exercise of powers for general welfare; liberal construction
Status: in_force

1. The Director has all the powers necessary to accomplish the purposes set forth in NRS 349.560 , but these powers must be exercised for the health, safety, convenience, prosperity and welfare of the inhabitants of this state.

2. NRS 349.400 to 349.670 , inclusive, must be liberally construed in conformity with the purposes set forth in NRS 349.560 .
Nev. Rev. Stat. § 349.282 — NV Code / Title 30 / Chapter 349 / Section 349.282
Execution, signing, countersigning and authentication of state securities and coupons
Status: in_force

Bonds and other state securities issued hereunder shall be executed in the name of the State, shall be signed by the Governor, shall be countersigned by the Chair of the Commission (unless he or she is also the Governor), by the Controller and by the Treasurer, and shall be attested by the Secretary; and the bonds or other securities shall be authenticated by the great seal of the State of Nevada affixed thereto. Any coupons shall be signed by the Treasurer. Facsimile signatures may be used on any coupons.
Nev. Rev. Stat. § 350.714 — NV Code / Title 30 / Chapter 350 / Section 350.714
Legal investments for other persons
Status: in_force

1. It is legal for any bank, trust company, banker, savings bank or institution, savings and loan association, investment company and any other person carrying on a banking or investment business, any insurance company, insurance association, or any other person carrying on an insurance business, and any executor, administrator, curator, trustee or any other fiduciary, to invest funds or money in his or her custody in any of the bonds or other securities issued in accordance with the provisions of the Local Government Securities Law.

2. Nothing contained in this section with regard to legal investments relieves any representative of any corporation or other person of any duty of exercising reasonable care in selecting securities.
Nev. Rev. Stat. § 350A.020 — NV Code / Title 30 / Chapter 350A / Section 350A.020
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 350A.025 to 350A.125 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 350.0205 — NV Code / Title 30 / Chapter 350 / Section 350.0205
Committee on Local Government Finance to provide forms for submitting ballot question and examples of past ballot questions for issuance or incurrence of general obligations
Status: in_force

1. The Committee on Local Government Finance shall annually provide to each city clerk, county clerk and district attorney: (a) Forms for submitting a ballot question to the electors of a municipality for the issuance or incurrence of general obligations as provided in subsection 1 of NRS 350.020 ; and (b) Examples of past ballot questions for the issuance or incurrence of general obligations.

2. The city clerk, county clerk or district attorney may make these forms and examples available to the general public.
Nev. Rev. Stat. § 350.634 — NV Code / Title 30 / Chapter 350 / Section 350.634
Interest coupons
Status: in_force

Any bonds issued hereunder (except temporary bonds) shall have one or two sets of interest coupons, bearing the number of the bond to which they are respectively attached, numbered consecutively in regular numerical order, and attached in such manner that they can be removed upon the payment of the installments of interest without injury to the bonds, except as herein otherwise provided.
Nev. Rev. Stat. § 349.286 — NV Code / Title 30 / Chapter 349 / Section 349.286
Securities not invalid because signatories cease to fill offices
Status: in_force

The bonds, any coupons appertaining thereto and other securities, bearing the signatures of the officers in office at the time of the signing thereof, shall be the valid and binding obligations of the State, notwithstanding that before the delivery thereof and payment therefor any or all of the persons whose signatures appear thereon have ceased to fill their respective offices.
Nev. Rev. Stat. § 350.5835 — NV Code / Title 30 / Chapter 350 / Section 350.5835
Variable rates of interest: Exemption from limitations; conclusive findings of governing body that procedure for determination of rates is reasonable
Status: in_force

In fixing the rate or rates of interest for municipal securities pursuant to subsection 1 of NRS 350.583 or the rate or rates of interest imposed on the governing body for reimbursement of any advances made under an agreement pursuant to subsection 2 of NRS 350.583 , the governing body is not subject to any limitations on rates of interest provided by statute, including NRS 350.2011 , or provided in the question at an election authorizing the issuance of those securities. The ordinance or resolution fixing that rate or rates of interest must contain the findings of the governing body that the procedure specified therein 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 governing body from fixing a maximum rate of interest in that ordinance or resolution.
Nev. Rev. Stat. § 350.030 — NV Code / Title 30 / Chapter 350 / Section 350.030
Election on proposal to issue general obligations: Expenses; ballots; validity of proposal; applicability of general election laws
Status: in_force

1. If the election is not consolidated with another election, the municipality shall pay the expenses of conducting it. Any proposal to issue or incur general obligations may be submitted on the same ballot as otherwise used at a primary or general municipal election or primary or general state election or may be submitted by separate ballot, as the governing body may determine.

2. No defect in the statement of such a proposal other than in the statement of the maximum amount to be authorized invalidates the proposal.

3. The qualifications of voters, the manner of registration and voting, and the manner of counting the votes cast are governed by the general election laws insofar as those laws can reasonably be made applicable.
Nev. Rev. Stat. § 350.380 — NV Code / Title 30 / Chapter 350 / Section 350.380
Undertaking and issuance of bonds: Procedure
Status: in_force

The acquisition, construction, reconstruction, improvement, betterment or extension of any undertaking and the issuance, in anticipation of the collection of the revenues of such undertaking, of bonds to provide funds to pay the cost thereof may be authorized under NRS 350.350 to 350.490 , inclusive, by ordinance or resolution of the governing body, which may be adopted at a regular meeting by a vote of a majority of the members elected to the governing body.
Nev. Rev. Stat. § 349.957 — NV Code / Title 30 / Chapter 349 / Section 349.957
Board for Financing Water Projects: Creation; members
Status: in_force

1. The Board for Financing Water Projects is hereby created. The Board consists of one ex officio member and five members appointed by the Governor.

2. The Governor shall appoint to the Board: (a) One member who is a representative of the county with the largest population in the State; (b) One member who is a representative of the county with the second largest population in the State; and (c) Three members who are representatives of counties in the State whose populations are less than 100,000, of whom one member is knowledgeable in the field of municipal finance and the remaining members are knowledgeable in the fields of planning, development or the management of water resources.

3. The Administrator of the Division of Environmental Protection of the State Department of Conservation and Natural Resources, or a person the Administrator designates, shall serve ex officio as a nonvoting member of the Board.

4. Not more than two voting members of the Board may be residents of the same county.
Nev. Rev. Stat. § 350A.010 — NV Code / Title 30 / Chapter 350A / Section 350A.010
Legislative findings
Status: in_force

The Legislature finds that:

1. It is in the public interest to foster and promote the protection and preservation of the property and natural resources of the State of Nevada, and to obtain the benefits thereof, and that the State should encourage and assist municipalities in undertaking local projects for such purposes by making loans to municipalities which might not be otherwise available or which might be available only at prohibitive interest rates;

2. The making of such loans and the issuing of state securities therefor as general obligations are necessary, expedient and advisable for the protection and preservation of the property and natural resources of the State of Nevada and for obtaining the benefits thereof; and

3. Because of market conditions relating to credit and public finance, it is in the public interest to assist municipalities in the acquisition, construction or equipping of public improvements by providing money to municipalities at reasonable rates of interest through the issuance of state securities to finance the acquisition of revenue securities.
Nev. Rev. Stat. § 349.530 — NV Code / Title 30 / Chapter 349 / Section 349.530
“Supplemental facility for a health and care facility” defined
Status: in_force

“Supplemental facility for a health and care facility” includes a clinic, facility for outpatients, and any other structure or facility directly related to the operation of a health and care facility.
Nev. Rev. Stat. § 349.905 — NV Code / Title 30 / Chapter 349 / Section 349.905
“Bonds” and “revenue bonds” defined
Status: in_force

“Bonds” or “revenue bonds” means bonds, notes or other securities evidencing an obligation and issued pursuant to NRS 349.900 to 349.929 , inclusive.
Nev. Rev. Stat. § 350.175 — NV Code / Title 30 / Chapter 350 / Section 350.175
Negotiated sale: Notice of request for proposals; description of procedure for request for proposals in debt management policy; time limitation on sale of bonds after selection of underwriter
Status: in_force

1. If a municipality wishes to sell its bonds by a negotiated sale, it shall provide notice of the request for proposals in a manner that ensures that a reasonable number of underwriters for the size of the bond issue are notified of the request. The governing body of the municipality shall approve the notice.

2. The procedure for a request for proposals established by a municipality, including any requirement relating to: (a) The rotation of the managing underwriters; and (b) The municipality's policy of equal opportunity concerning the selection of underwriters, must be described in the written statement of the debt management policy of the municipality.

3. A municipality may negotiate the sale of the bonds described in the request for proposals with the underwriter it selects for not more than 6 years after the date of the selection of that underwriter. If bonds are not described in the request for proposals or if a negotiated sale occurs more than 6 years after the selection of an underwriter, the municipality shall request proposals from underwriters pursuant to subsection 1 before it selects an underwriter for that negotiated sale.

4. As used in this section, “request for proposals” means a statement which requests that prospective underwriters submit proposals to the municipality to provide underwriting services for the negotiated sale.
Nev. Rev. Stat. § 350.115 — NV Code / Title 30 / Chapter 350 / Section 350.115
“Bond” defined
Status: in_force

“ Bond ” means any evidence of borrowing by a municipality that is issued pursuant to the provisions of this chapter or chapter 244, 244A, 268, 269, 271, 318, 318A or 387 of NRS , whether general or special obligations, including, without limitation, bonds, notes, debentures, warrants and certificates.
Nev. Rev. Stat. § 349.213 — NV Code / Title 30 / Chapter 349 / Section 349.213
Power of eminent domain; reimbursement of public utility for removal and relocation
Status: in_force

1. The Commission may: (a) Exercise on behalf of the State the power of eminent domain in the manner provided in chapter 37 of NRS, except as herein otherwise provided; (b) Take any property necessary to carry out any of the objects or purposes concerning such a project, whether the property is already devoted to the same use by any person (but not the Federal Government, the State or any other body corporate and politic); and (c) Condemn any existing works or improvements of any such person now or hereafter used.

2. The power of eminent domain vested in the Commission includes the power to condemn, in the name of the State, either the fee simple or any lesser estate or interest in any real property which the Commission by resolution determines is necessary for carrying out the purposes hereof. The resolution is prima facie evidence that the taking of the fee simple, easement or other interest, as the case may be, is necessary. The Commission shall not abandon any condemnation proceedings after the date upon which it has taken possession of the property being acquired.

3. If the construction or other acquisition of any project, or any part thereof, makes necessary the removal and relocation of any public utilities, whether on private or public right-of-way, or otherwise, the Commission shall reimburse the owner of the public utility facility for the expense of removal and relocation, including the cost of any necessary land or rights in land, except where the cost of removal and relocation is or has been considered a proper element of just compensation in any settlement by negotiation or in any eminent domain proceeding.
Nev. Rev. Stat. § 349.154 — NV Code / Title 30 / Chapter 349 / Section 349.154
Definitions
Status: in_force

The following terms, defined for all purposes of the State Securities Law and of any act amendatory thereof, supplemental thereto, or relating thereto, and of any instrument or document appertaining thereto, unless the context otherwise requires, have the meanings ascribed to them in NRS 349.156 to 349.210 , inclusive.
Nev. Rev. Stat. § 350.666 — NV Code / Title 30 / Chapter 350 / Section 350.666
Receivers: Appointment; powers and duties
Status: in_force

1. If an ordinance of the governing body authorizing or providing for the issuance of any municipal securities of any series or any other proceedings appertaining thereto contains a provision authorized by subsection 19 of NRS 350.660 and further provides in substance that any trustee appointed pursuant to subsection 16 of NRS 350.660 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 350.660 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 governing body on the behalf of the municipality 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 municipality in the same manner as the governing body itself might do and under the direction of the court.
Nev. Rev. Stat. § 350.586 — NV Code / Title 30 / Chapter 350 / Section 350.586
Securities issued as general obligations constitute outstanding indebtedness
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 municipality and exhaust the debt-incurring power of the municipality under any statutory debt limitation appertaining thereto.
Nev. Rev. Stat. § 350.504 — NV Code / Title 30 / Chapter 350 / Section 350.504
Definitions
Status: in_force

As used in this chapter and in any instrument or document appertaining thereto, unless the context otherwise requires, the words and terms defined in NRS 350.506 to 350.566 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 348.240 — NV Code / Title 30 / Chapter 348 / Section 348.240
“Transfer agent” defined
Status: in_force

“Transfer agent” means the treasurer or similar official of the issuer, a corporate or other trustee, registrar, paying agent, other corporate agent, or other person acting as an agent, for, among possibly other duties, the transfer and registration of public securities.
Nev. Rev. Stat. § 350.206 — NV Code / Title 30 / Chapter 350 / Section 350.206
Sufficiency of levy of taxes
Status: in_force

Each levy of taxes made after the enactment of such an ordinance shall include an amount for debt service sufficient to meet all general obligation interest requirements of the fiscal year for which the levy is made and to retire all bonds scheduled for retirement during that year.
Nev. Rev. Stat. § 350A.152 — NV Code / Title 30 / Chapter 350A / Section 350A.152
Conditions upon issuance of state securities to acquire bonds issued by certain water authorities; acquisition of bonds of certain water authorities does not constitute indebtedness of members; property tax levied by member to pay member's share of payments due on bonds
Status: in_force

1. Before state securities may be issued pursuant to this chapter for the purpose of acquiring bonds which are issued by a water authority organized as a political subdivision created by cooperative agreement that operates in all or a portion of a county whose population is 700,000 or more: (a) The water authority must obtain approval for the bonds from the debt management commission of each county in which any member of the water authority that is obligated to make payments on the bonds of the water authority is located; and (b) The members of the water authority must contract with the water authority to make payments from the revenues of the members' water systems that, in the aggregate, are fully sufficient to pay those bonds as they become due. If the water revenues of any such member are insufficient to pay that member's share of the amount due on the bonds, the member shall pay the deficiency out of money available for that purpose in the general fund of the member. If the money in the general fund of the member is insufficient to pay fully any such deficiency promptly, the member shall levy a general ad valorem tax on all taxable property within the member's boundaries at a rate necessary to produce revenue in an amount sufficient to pay that member's share of the payments due on the bonds.

2. Notwithstanding the provisions of paragraph (a) of subsection 1, the obligations of the members of the water authority to the water authority and the State of Nevada as a result of the acquisition of bonds of the water authority pursuant to this chapter do not constitute indebtedness of the members within the meaning of any constitutional, charter or statutory limitation or other provisions restricting the incurrence of any debt.

3. A property tax levied pursuant to this section: (a) Shall be considered to have been levied for the payment of bonded indebtedness for the purposes of NRS 361.463 . (b) Is exempt from the limitations on property taxes contained in chapter 354 of NRS .
Nev. Rev. Stat. § 349.959 — NV Code / Title 30 / Chapter 349 / Section 349.959
Board for Financing Water Projects: Election of Chair; meetings
Status: in_force

The Board shall:

1. At its first meeting and annually thereafter elect a Chair from among its voting members.

2. Meet regularly at least once in each calendar quarter and at other times upon the call of the Chair.
Nev. Rev. Stat. § 350.602 — NV Code / Title 30 / Chapter 350 / Section 350.602
Proceeds of taxes specially appropriated to payment of principal and interest
Status: repealed

There is by the Local Government Securities Law, and there shall be by ordinance authorizing the issuance of any indebtedness contracted in accordance with the provisions of the Local Government Securities Law, specially appropriated the proceeds of such taxes to the payment of such principal and interest; and such appropriations shall not be repealed nor the taxes postponed or diminished (except as herein otherwise expressly provided) until the principal of and interest on the municipal securities evidencing such debt have been wholly paid.
Nev. Rev. Stat. § 350.370 — NV Code / Title 30 / Chapter 350 / Section 350.370
Additional powers of municipality under NRS 350.350 to 350.490, inclusive
Status: in_force

In addition to the powers which it may now have, any municipality shall, subject to the limitation stated in this section, have power under NRS 350.350 to 350.490 , inclusive:

1. To acquire by gift, purchase or the exercise of the right of eminent domain, to construct, to reconstruct, to improve, to better and to extend any undertaking, wholly within or wholly without the municipality, or partially within and partially without the municipality, and to acquire by gift, purchase or the exercise of the right of eminent domain, lands, easements, rights in lands and water rights in connection therewith.

2. To operate and maintain any undertaking for its own use and for the use of public and private consumers, and users within and without the territorial boundaries of the municipality.

3. To prescribe, revise and collect rates, fees, tolls or charges for the services, facilities or commodities furnished by such undertaking, and, in anticipation of the collection of the revenues of such undertaking, to issue revenue bonds to finance in whole or in part the cost of the acquisition, construction, reconstruction, improvement, betterment or extension of any undertaking.

4. To pledge to the punctual payment of the bonds and interest thereon all or any part of the revenues of such undertaking (including the revenues of improvements, betterments or extension thereto thereafter constructed or acquired, as well as the revenues of existing systems, plants, works, instrumentalities and properties of the undertaking so improved, bettered or extended) or of any part of such undertaking.

5. When determined by its governing body to be in the public interest and necessary for the protection of the public health, to enter into and perform contracts, whether long-term or short-term, with any industrial or mining establishment for the provision and operation by the municipality of sewage facilities to abate or reduce the pollution of water caused by discharges of industrial or mining waste by the industrial or mining establishment and the payment periodically by the industrial or mining establishment to the municipality of amounts at least sufficient, in the determination of such governing body, to compensate the municipality for the cost of providing (including payment of principal and interest charges, if any) and of operating and maintaining the sewerage facilities serving such industrial or mining establishment.

6. Notwithstanding any provision of NRS 350.350 to 350.490 , inclusive, to the contrary or in conflict herewith, to accept contributions or loans from the United States of America or any department, instrumentality or agency thereof, for the purpose of financing or aiding in financing the cost of preliminary investigations and studies, surveys, plans and specifications, procedures and other action preliminary to construction, and the construction, maintenance and operation of any undertaking.

7. To make all contracts, execute all instruments and do all things necessary or convenient in the exercise of the powers herein granted or in the performance of its covenants or duties or in order to secure the payment of its bonds; provided: (a) No encumbrance, mortgage or other pledge of property of the municipality is created thereby; (b) No property of the municipality is liable to be forfeited or taken in payment of the bonds; and (c) No debt on the credit of the municipality is thereby incurred in any manner for any purpose.
Nev. Rev. Stat. § 350.514 — NV Code / Title 30 / Chapter 350 / Section 350.514
“Condemnation” and “condemn” defined
Status: in_force

“Condemnation” or “condemn” means the acquisition by the exercise of the power of eminent domain of property for any project, or an interest therein, herein designated.
Nev. Rev. Stat. § 349.938 — NV Code / Title 30 / Chapter 349 / Section 349.938
“Director” defined
Status: in_force

“ Director ” means the Director of the State Department of Conservation and Natural Resources or any person within the State Department of Conservation and Natural Resources designated by the Director to perform duties in connection with a water project or the issuance of bonds.
Nev. Rev. Stat. § 349.244 — NV Code / Title 30 / Chapter 349 / Section 349.244
Application of other available money to payment of interest on and principal of securities issued as general obligations
Status: in_force

Nothing contained in the State Securities Law shall be so construed as to prevent the State from applying any funds (other than taxes) that may be available for that purpose to the payment of the interest on or the principal of any general obligation state securities as the same respectively mature, including without limitation the payment of general obligation bonds as provided in NRS 349.236 , and regardless of whether the payment of the general obligation state securities is additionally secured by a pledge of revenues, and upon such payments, the levy or levies of taxes provided in the State Securities Law may thereupon to that extent be diminished.
Nev. Rev. Stat. § 349.700 — NV Code / Title 30 / Chapter 349 / Section 349.700
Legislative declaration
Status: in_force

It is the purpose of NRS 349.700 to 349.870 , inclusive, in the interest of promoting the general welfare of the people of the State, to further prosperity and employment throughout the State by encouraging the production of goods for export, the expansion of exports of goods and the rendering of services abroad by residents of Nevada through the establishment of a program which provides a source of guarantees for credit not otherwise available.
Nev. Rev. Stat. § 349.251 — NV Code / Title 30 / Chapter 349 / Section 349.251
Agreement for exchange of payments based on interest rates for state securities issued or proposed to be issued by Commission: Conditions; rates of interest; term of agreement; agreement does not constitute outstanding indebtedness of State; limitations on rate of interest on state securities inapplicable; money pledged to debt service of state securities may be used to make payments required by agreement
Status: in_force

1. A Commission that has issued or proposes to issue state securities may enter into an agreement for an exchange of payments based on interest rates as provided in this section if it finds that such an agreement would be in the best interest of the State.

2. A Commission may enter into an agreement to exchange payments based on interest rates only if: (a) The long-term debt obligations of the person with whom the Commission enters the agreement are rated “A” or better by a nationally recognized rating agency; or (b) The obligations pursuant to the agreement of the person with whom the Commission enters the agreement are: (1) Guaranteed by a person whose long-term debt obligations are rated “A” or better by a nationally recognized rating agency; or (2) Collateralized by obligations deposited with the Commission or an agent of the Commission which would be legal investments for the State pursuant to NRS 355.140 and which have a market value at the time agreement is made of not less than the principal amount upon which the exchange of payments based on interest rates is based.

3. A Commission may agree, with respect to securities that the Commission has issued or proposes to issue bearing interest at a variable rate, to pay sums equal to interest at a fixed rate or rates or at a different variable rate determined pursuant to a formula set forth in the agreement on an amount not to exceed the principal amount of the state securities with respect to which the agreement is made, in exchange for an agreement to pay sums equal to interest on the same principal amount at a variable rate determined pursuant to a formula set forth in the agreement.

4. A Commission may agree, with respect to securities that the Commission has issued or proposes to issue bearing interest at a fixed rate or rates, to pay sums equal to interest at a variable rate determined pursuant to a formula set forth in the agreement on an amount not to exceed the outstanding principal amount of the state securities with respect to which the agreement is made, in exchange for an agreement to pay sums equal to interest on the same principal amount at a fixed rate or rates set forth in the agreement.

5. The term of an agreement entered into pursuant to this section must not exceed the term of the state securities with respect to which the agreement was made.

6. An agreement entered into pursuant to this section is not a debt or indebtedness of the State for the purposes of any limitation upon the indebtedness of the State or any requirement for an election with regard to the issuance of securities that is applicable to the State.

7. Limitations upon the rate of interest on a state security do not apply to interest paid pursuant to an agreement entered into pursuant to this section.

8. A Commission which has entered into an agreement pursuant to this section with respect to those securities may treat the amount or rate of interest on the securities as the amount or rate of interest payable after giving effect to the agreement for the purpose of calculating: (a) Rates and charges of a revenue-producing enterprise whose revenues are pledged to or used to pay state securities; (b) Statutory requirements concerning revenue coverage that are applicable to state securities; (c) Tax levies to pay debt service on state securities; and (d) Any other amounts which are based upon the rate of interest of state securities.

9. Subject to covenants applicable to the securities, any payments required to be made by the Commission under the agreement may be made from money pledged to pay debt service on the securities with respect to which the agreement was made or from any other legally available source.
Nev. Rev. Stat. § 350.5175 — NV Code / Title 30 / Chapter 350 / Section 350.5175
“Equip” and “equipment” defined
Status: in_force

“Equip” or “equipment” means the furnishing of all related or appurtenant machinery, furnishings, apparatus, paraphernalia, or other gear, or any combination thereof, pertaining to any project or other property, or any interest therein.
Nev. Rev. Stat. § 350.125 — NV Code / Title 30 / Chapter 350 / Section 350.125
“Competitive bid” defined
Status: in_force

“Competitive bid” means the procedure for the sale of bonds by a municipality to one or more purchasers determined by the municipality to have offered the best price and interest rate.
Nev. Rev. Stat. § 349.904 — NV Code / Title 30 / Chapter 349 / Section 349.904
“Board” defined
Status: in_force

“Board” means the State Board of Finance.
Nev. Rev. Stat. § 349.835 — NV Code / Title 30 / Chapter 349 / Section 349.835
Bonds: Form and terms; sale
Status: in_force

1. The bonds must be authorized by an order of the Director, and must: (a) Be in the denominations; (b) Bear the date or dates; (c) Mature at the time or times; (d) Bear interest at a specified rate or rates; (e) Be in the form; (f) Carry the registration privileges; (g) Be executed in the manner; (h) Be payable at the place or places within or without the State; and (i) Be subject to the terms of redemption, which the order authorizing their issue provides.

2. The bonds must be signed by the Director, who may use a facsimile signature for this purpose. If the Director whose signature appears on any bonds ceases to act in that capacity before the delivery of the bonds, his or her signature is valid and sufficient for all purposes as if he or she had remained in office until their delivery.

3. The bonds may be sold in one or more series above, at or below par and at public or private sale at such prices, at such times and in such manner as the Director determines.

4. The bonds are fully negotiable under the terms of the Uniform Commercial Code -- Investment Securities.
Nev. Rev. Stat. § 349.336 — NV Code / Title 30 / Chapter 349 / Section 349.336
Refunding of outstanding securities evidencing long-term loans
Status: in_force

Any provision herein concerning the refunding of outstanding bonds includes any outstanding securities evidencing long-term loans to the State regardless of whether such securities are designated as bonds, certificates, single certificates or otherwise.
Nev. Rev. Stat. § 350.495 — NV Code / Title 30 / Chapter 350 / Section 350.495
Willful violation of covenant in securities by member of governing body, officer or agent of municipality unlawful; penalty
Status: in_force

1. Any member of the governing body and any officer or other agent of a municipality which has issued any bonds or municipal securities who willfully violates any covenant or provision contained in any such indentures or other instruments or proceedings appertaining thereto is guilty of a misdemeanor.

2. A violation of a covenant existing on July 1, 1969, is not “willful” for the purpose of this section if compliance is impractical because of competition from a private enterprise or enterpriser offering a comparable service.
Nev. Rev. Stat. § 349.952 — NV Code / Title 30 / Chapter 349 / Section 349.952
Account for the Financing of Water Projects: Deposits; application of revenue; investment of money from revenue bonds
Status: in_force

1. Except as otherwise provided in subsection 3 and NRS 349.951 , all amounts received by the Director from an obligor in connection with any financing undertaken pursuant to NRS 349.935 to 349.961 , inclusive, must be deposited with the State Treasurer for credit to the Account for the Financing of Water Projects which is hereby created in the Fund for Natural Resources, which is hereby created as a special revenue fund.

2. Any revenue from water projects financed with state securities which is in the Account must be applied in the following order of priority: (a) Deposited into the Consolidated Bond Interest and Redemption Fund in amounts necessary to pay the principal of, interest on and redemption premiums due in connection with state securities issued for water projects. (b) Deposited into any reserve account created for the payment of the principal of, interest on and redemption premiums due in connection with state securities issued for water projects, in amounts and at times determined to be necessary. (c) Paid out for expenses of operation and maintenance.

3. Any revenue from water projects financed with revenue bonds may: (a) Be deposited in the Account for the Financing of Water Projects and subject to the provisions of subsection 2; or (b) Subject to any agreement with the holders of the bonds, be invested, deposited or held by the Director in such funds or accounts as the Director deems necessary or desirable. If the Director is acting pursuant to this subsection, he or she need not deposit the 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. § 350.554 — NV Code / Title 30 / Chapter 350 / Section 350.554
“Public body” defined
Status: in_force

“ Public body ” means the Nevada System of Higher Education, the Board of Regents of the University of Nevada, any county, city, town, school district, other type district, authority, commission or other type of body corporate and politic constituting a political subdivision of the State, other than the municipality proceeding hereunder.
Nev. Rev. Stat. § 349.278 — NV Code / Title 30 / Chapter 349 / Section 349.278
Payment of principal, interest and premium when due without further order
Status: in_force

The principal of, the interest on and any prior redemption premium due in connection with any state securities shall be paid as the same become due in accordance with the terms of the securities and any resolutions and other proceedings appertaining to their issuance, without any warrant or further order or other preliminaries.
Nev. Rev. Stat. § 348.250 — NV Code / Title 30 / Chapter 348 / Section 348.250
“Uncertificated public security” defined
Status: in_force

“Uncertificated public security” means an obligation which:

1. Is issued pursuant to a system of full registration;

2. Is transferable in the manner described in subsection 2 of NRS 348.110 ; and

3. Is either one of a class or series or by its terms is divisible into a class or series of obligations.
Nev. Rev. Stat. § 349.060 — NV Code / Title 30 / Chapter 349 / Section 349.060
Canvass of votes; certification of results; abstract transmitted by county clerk to Secretary of State
Status: in_force

1. Immediately after the closing of the polls, the election officers shall proceed to canvass the ballots.

2. The results disclosed by the canvass shall be certified by the election officers of each county to the county clerk.

3. The board of county commissioners of each county shall open the returns of votes cast, make abstracts of the votes, and cause the county clerk to make a copy of such abstract and to transmit the same to the Secretary of State as provided by the election laws of the State.
Nev. Rev. Stat. § 349.945 — NV Code / Title 30 / Chapter 349 / Section 349.945
“Water project” defined
Status: in_force

“Water project” means a project for the management, control, delivery, use or distribution of water.
Nev. Rev. Stat. § 349.845 — NV Code / Title 30 / Chapter 349 / Section 349.845
Bonds: Refunding
Status: in_force

1. Any bonds issued may be refunded by the Director by the issuance of refunding bonds in an amount which the Director considers necessary to refund the principal of the bonds to be 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.
Nev. Rev. Stat. § 349.780 — NV Code / Title 30 / Chapter 349 / Section 349.780
Fees charged to participating financial institution
Status: in_force

The Director shall by regulation establish fees to be charged a participating financial institution for providing guaranteed funding. The fees must be sufficient to cover the costs of administering the program and any premium the Director pays for insuring the program's risk.
Nev. Rev. Stat. § 350.574 — NV Code / Title 30 / Chapter 350 / Section 350.574
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 governing body may determine. They shall not be extended or funded except by the issuance of bonds or interim debentures in compliance with NRS 350.672 to 350.680 , inclusive, and other provisions supplemental thereto.
Nev. Rev. Stat. § 350.684 — NV Code / Title 30 / Chapter 350 / Section 350.684
Refunding of general and special obligation bonds: Ordinance; trust indenture
Status: in_force

Subject to the provisions of NRS 350.674 , any general obligation bonds or special obligation bonds of the municipality issued in accordance with the provisions of the Local Government Securities Law or any other act and payable from any pledged revenues and any general obligation bonds of the municipality so issued but not payable from pledged revenues may be refunded on behalf of the municipality by the governing body, without the necessity of the refunding bonds being authorized at an election except as otherwise provided in NRS 350.674 , by the adoption of an ordinance or ordinances by the governing body and by any trust indenture or other proceedings appertaining thereto, authorizing the issuance of refunding bonds to refund, pay and discharge all or any part of such outstanding bonds of any one or more or all outstanding issues:

1. For the acceleration, deceleration or other modification of the payment of such obligations, including any interest thereon in arrears, or about to become due for any period not exceeding 3 years from the date of the refunding bonds, unless the capitalization of interest on bonds constituting an indebtedness increases the municipal debt in excess of the municipality's debt limitation, if any;

2. For the purpose of reducing interest costs or effecting other economies;

3. For the purpose of modifying or eliminating restrictive contractual limitations appertaining to the issuance of additional bonds, otherwise concerning the outstanding bonds, or otherwise relating to any facilities appertaining thereto; or

4. For any combination of the purposes stated in subsections 1, 2 and 3.
Nev. Rev. Stat. § 349.650 — NV Code / Title 30 / Chapter 349 / Section 349.650
Limitation of actions
Status: in_force

No action may be brought questioning the legality of any contract, lease, agreement, indenture, mortgage, order or bonds executed, adopted or taken in connection with any project or improvements authorized by NRS 349.400 to 349.670 , inclusive, after 30 days from the effective date of the order of the Director authorizing the issuance of those bonds.
Nev. Rev. Stat. § 348.290 — NV Code / Title 30 / Chapter 348 / Section 348.290
Construction: Relationship to other law
Status: in_force

1. The powers conferred by this chapter are in addition and supplemental to, and not in substitution for, and the limitations imposed by this chapter do not affect the powers conferred by any other law.

2. No part of this chapter repeals or affects any other law or part thereof, it being intended that this chapter provide a separate method of accomplishing its objectives, and not an exclusive one.
Nev. Rev. Stat. § 348.420 — NV Code / Title 30 / Chapter 348 / Section 348.420
Records of transferees and pledgees not subject to inspection or copying as public record; maintenance of records of issuer
Status: in_force

1. Records of the transferees and pledgees of public securities and their addresses are not subject to inspection or copying under any law of this state relating to the inspection or copying of public records.

2. Registration records of the issuer may be maintained at such locations within or without the State as the issuer determines.
Nev. Rev. Stat. § 350.580 — NV Code / Title 30 / Chapter 350 / Section 350.580
General obligations: Types of securities
Status: in_force

The municipality may issue as general obligations any of the following types of municipal securities:

1. Notes;

2. Warrants;

3. Interim debentures;

4. Bonds; and

5. Temporary bonds,

payable from taxes, or payable from taxes and additionally securing such payment by a pledge of net revenues or gross revenues, as the governing body may determine, except as may be otherwise provided in any act supplemental hereto.
Nev. Rev. Stat. § 349.204 — NV Code / Title 30 / Chapter 349 / Section 349.204
“Taxes” defined
Status: in_force

“Taxes” means general (ad valorem) property taxes.
Nev. Rev. Stat. § 349.590 — NV Code / Title 30 / Chapter 349 / Section 349.590
Prerequisites to financing project: Additional considerations
Status: in_force

Except as otherwise provided in NRS 349.640 , before financing a project pursuant to subsection 2 of NRS 349.580 , the Director and the Board must also:

1. Determine the total amount of money necessary to be provided by the Director for financing the project.

2. Except as otherwise provided in this subsection, receive a 5-year operating history from the contemplated lessee, purchaser or other obligor or from any other enterprise that will make or guarantee the payment of the principal, premium, if any, and interest on any bonds issued. An operating history is not required if the bonds: (a) Are to be sold only to qualified institutional buyers, as defined in Rule 144A of the Securities and Exchange Commission, 17 C.F.R. § 230.144A , in minimum denominations of at least $100,000; or (b) Will receive a rating within one of the top four rating categories of Moody's Investors Service, Inc., Standard and Poor's Rating Services or Fitch IBCA, Inc.

3. Consider whether the contemplated lessee, purchaser, other obligor or other enterprise that will make or guarantee the payment of the principal, premium, if any, and interest on any bonds issued has received within the 12 months preceding the date of the findings of the Director, or then has or has not in effect, a rating within one of the top four rating categories of Moody's Investors Service, Inc., Standard and Poor's Ratings Services or Fitch IBCA, Inc.

4. Identify any existing facilities of a like nature within the county or city in which the project will be located and consider the applicability of paragraph (b) of subsection 1 of NRS 349.565 .

5. Consider the extent to which the project is affected by any federal, state or local governmental action, activity, program or development.

6. Consider whether the lessee, purchaser, other obligor or other enterprise of the project has maintained facilities appropriate to the community in this state for 10 years or longer.
Nev. Rev. Stat. § 348.180 — NV Code / Title 30 / Chapter 348 / Section 348.180
“Original issuance” defined
Status: in_force

“Original issuance” means the first transfer of a public security by an issuer to a purchaser.
Nev. Rev. Stat. § 350.518 — NV Code / Title 30 / Chapter 350 / Section 350.518
“Facilities” defined
Status: in_force

“Facilities” means buildings, structures, utilities, or other income-producing facilities from the operation of which or in connection with which pledged revenues for the payment of any bonds or other securities issued hereunder are derived, including without limitation any facilities to be acquired with the proceeds of the bonds or securities issued hereunder.
Nev. Rev. Stat. § 350.516 — NV Code / Title 30 / Chapter 350 / Section 350.516
“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 governing body of the cost of any project, or interest therein, which cost, at the option of the governing body, may include all or any part of the incidental costs pertaining to the project, including, without limitation:

1. Preliminary expenses advanced by the municipality from money available for use therefor, or advanced by the Federal Government, or from any other source, with the approval of the governing body or any board or other agency of the municipality 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 costs 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 governing body 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, of any replacement expenses, and of any other cost of issuance of the bonds or other securities;

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

9. The costs of funding any medium-term obligations, construction loans and other temporary loans of not exceeding 10 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 governing body.
Nev. Rev. Stat. § 350.373 — NV Code / Title 30 / Chapter 350 / Section 350.373
Supplemental powers of municipality to prescribe, revise and collect charges; expenses of collection
Status: in_force

In supplementation of the provisions of subsection 3 of NRS 350.370 and elsewhere in the Water and Sewer Revenue Bond Law, any municipality at any time and under any circumstances:

1. May prescribe, revise and collect minimum charges, connection charges, charges for availability of service, legal and other expenses of the collection of delinquencies and penalties appertaining thereto;

2. May enforce the collection of any delinquencies by civil action or by any other means then provided by law; and

3. May otherwise prescribe, revise and collect in advance or otherwise from any owner or occupant of real property served directly or indirectly by any undertaking, or otherwise, rates, fees, tolls and charges for the services, facilities or commodities furnished by the undertaking, or any combination thereof, as the governing body may determine from time to time.
Nev. Rev. Stat. § 350.360 — NV Code / Title 30 / Chapter 350 / Section 350.360
Definitions
Status: in_force

Wherever used in NRS 350.350 to 350.490 , inclusive, unless a different meaning clearly appears from the context:

1. “Governing body” means the board of county commissioners, city council, city commission, board of supervisors, town council, town board, board of directors or board of trustees of a district, or other local legislative body of a municipality.

2. “Undertaking” includes the following revenue-producing undertakings or any combination of two or more of such undertakings, whether now existing or hereafter acquired or constructed: Systems, plants, works, instrumentalities and properties used or useful in connection with: (a) The obtaining of a water supply and the conservation, treatment and disposal of water for public and private uses. (b) The collection, treatment and disposal of sewage, waste and storm water, together with all parts of any such undertaking and all appurtenances thereto, including lands, easements, rights in land, water rights, contract rights, franchises, approaches, dams, reservoirs, sewage disposal plants, intercepting sewers, trunk, connection and other sewer and water mains, filtration works, pumping stations and equipment.
Nev. Rev. Stat. § 349.150 — NV Code / Title 30 / Chapter 349 / Section 349.150
Short title
Status: in_force

NRS 349.150 to 349.364 , inclusive, may be cited as the State Securities Law.
Nev. Rev. Stat. § 349.260 — NV Code / Title 30 / Chapter 349 / Section 349.260
Details of state securities provided by resolution
Status: in_force

Except as otherwise provided in the Constitution of the State and as otherwise provided in the State Securities Law and in any other act the provisions of which are relevant by express reference herein thereto, any state securities issued hereunder must be:

1. In such a form;

2. Issued in such a manner, at, above or below par at a discount not exceeding 9 percent of the principal amount of the securities, and at a price which will result in an effective interest rate which does not exceed the limit provided in NRS 349.076 ;

3. Issued with such provisions: (a) For the application of any accrued interest and any premium from the sale of any bonds or other state securities hereunder as provided in NRS 349.294 ; (b) For the registration of the bonds or other securities for payment as to principal only, or as to both principal and interest, at the option of any holder of a bond or other security, or for registration for payment only in either manner designated; (c) For the endorsement of payments of interest on the bonds or other securities or for reconverting the bonds or other securities into coupon bonds or other coupon securities, or both for such endorsement and such reconversion, where any bond or other security is registered for payment as to interest; and where interest accruing on the securities is not represented by interest coupons the securities may provide for the endorsing of payments of interest thereon; (d) For the endorsement of payments of principal on the bonds or other securities, where any bond or other securities are registered for payment as to principal; (e) For the initial issuance of one or more bonds or other securities aggregating the amount of the entire issue or any portion thereof, and the endorsement of payments of interest or principal, or both interest and principal, on the securities; (f) For the manner and circumstances in and under which any such bond or other securities may in the future, at the request of the holder thereof, be converted into bonds or other securities of larger or smaller denominations, which bonds or other securities of larger or smaller denominations may in turn be either coupon bonds or other coupon securities or bonds or other securities registered for payment, or coupon bonds or other coupon securities with provisions for registration for payment; (g) For the reissuance of any outstanding bonds or other securities, and the terms and conditions thereof, whether lost, apparently destroyed, wrongfully taken, or for any other reason, as provided in the Uniform Commercial Code -- Investment Securities, or otherwise; (h) For the deposit of money, federal securities or other securities of the Federal Government, or both money and such securities, with and securing their repayment by a commercial bank or commercial banks within or without or both within and without this state; and (i) For the payment of costs or expenses incident to the enforcement of the securities or of the provisions of the resolution or of any covenant or contract with the holders of the securities; and

4. Issued otherwise with such recitals, terms, covenants, conditions and other provisions,

as may be provided by the Commission in a resolution authorizing their issuance and in any indenture or other proceedings appertaining thereto.
Nev. Rev. Stat. § 349.550 — NV Code / Title 30 / Chapter 349 / Section 349.550
Applicability of definitions contained in county and city economic development revenue bond laws
Status: in_force

As used in NRS 349.400 to 349.670 , inclusive, unless the context otherwise requires, the words and terms defined in:

1. NRS 244A.672 to 244A.693 , inclusive, have the meanings ascribed to them in those sections for the purpose of issuing bonds to obtain money for the support of an industrial development project within a county, except that if a board makes a request to the Director to issue bonds, all references to the issuance of bonds by a county or the entering into of financial agreements with the county shall be deemed to refer to the bonds issued by the Director and agreements to be executed by the Director; and

2. NRS 268.515 to 268.523 , inclusive, have the meanings ascribed to them in those sections for the purpose of issuing bonds to obtain money for the support of an industrial development project within a city, except that if a city makes a request to the Director to issue bonds, all references to the issuance of bonds by a city or the entering into of financing agreements with the city shall be deemed to refer to the bonds issued by the Director and agreements to be executed by the Director.
Nev. Rev. Stat. § 349.166 — NV Code / Title 30 / Chapter 349 / Section 349.166
“Controller” defined
Status: in_force

“Controller” means the de facto or de jure State Controller of the State of Nevada, or his or her successor in functions, if any.
Nev. Rev. Stat. § 350.2011 — NV Code / Title 30 / Chapter 350 / Section 350.2011
Maximum rate of interest on securities of political subdivisions
Status: in_force

1. Except as otherwise provided in this section and NRS 99.067 , and except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, the rate or rates of interest on securities issued by a political subdivision of this state must not exceed by more than 3 percent: (a) For general obligations, the Index of Twenty Bonds; and (b) For special obligations, the Index of Revenue Bonds, which was most recently published before the bids are received or a negotiated offer is accepted.

2. The rate or rates of interest on securities issued in whole or in part to finance the costs of a program established pursuant to NRS 244.3651 must not exceed by more than 2 percent the rate or rates of interest set forth in subsection 1.
Nev. Rev. Stat. § 350A.155 — NV Code / Title 30 / Chapter 350A / Section 350A.155
Issuance of state securities to refund state securities
Status: in_force

1. The Board may, at the request of the State Treasurer, issue state securities to refund any state securities issued pursuant to this chapter in the manner prescribed by and subject to the limitations of the State Securities Law for refunding.

2. No state securities may be issued pursuant to this section without the concurrence of the municipality which issued the municipal or revenue securities purchased with the proceeds of the state securities to be refunded. At or before the time state securities are issued pursuant to this section, the State Treasurer and the municipality must agree as to the method of paying any costs incurred, making any cash deposits required for the refunding escrow, and allocating any savings achieved in connection with the refunding. Such a method may include an exchange of: (a) Municipal securities acquired and held by the State Treasurer pursuant to this chapter for new securities validly issued as general obligations by the municipality or municipalities. (b) Revenue securities acquired and held by the State Treasurer pursuant to this chapter for new securities validly issued by the municipality or municipalities. New securities received from a municipality by the State Treasurer must be held and payments received thereon applied in the same manner as required by this chapter for the original municipal or revenue securities.

3. The principal amount of state securities which have been refunded pursuant to this section must not be considered in computing compliance with the limitation of subsection 2 of NRS 350A.150 , but outstanding state securities issued pursuant to this section are subject to that limitation.

4. NRS 350A.160 does not apply to state securities issued pursuant to this section.
Nev. Rev. Stat. § 349.302 — NV Code / Title 30 / Chapter 349 / Section 349.302
Employment of legal and other expert services; contracts for sale and other purposes
Status: in_force

1. The Commission on the behalf of the State 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 Commission on the behalf of the State 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 Commission may determine to be necessary or desirable in accomplishing the purposes hereof.
Nev. Rev. Stat. § 349.274 — NV Code / Title 30 / Chapter 349 / Section 349.274
Recital in securities conclusive evidence of validity and regularity of issuance
Status: in_force

A resolution providing for the issuance of bonds or other state 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 State Securities Law, which recital shall be conclusive evidence of their validity and the regularity of their issuance.
Nev. Rev. Stat. § 349.939 — NV Code / Title 30 / Chapter 349 / Section 349.939
“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 water project or of the collection and administration of revenues from a water 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 water projects.

2. Premiums for fidelity bonds and policies of property and liability insurance pertaining to water 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 water project, including the amount of the refund.
Nev. Rev. Stat. § 349.348 — NV Code / Title 30 / Chapter 349 / Section 349.348
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 State in accordance with the provisions of the State Securities Law.
Nev. Rev. Stat. § 350.672 — NV Code / Title 30 / Chapter 350 / Section 350.672
Interim debentures: Issuance for general or special obligations
Status: in_force

1. Notwithstanding any limitation or other provision herein, whenever the municipality is authorized to issue general obligation bonds, but only if the qualified electors of the municipality voting on a proposal to issue the general obligation bonds have authorized in the manner required by law their issuance by the municipality for any project, if such general obligation bonds as a condition to their issuance are so required to be authorized at an election, the municipality 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 municipality, or any combination thereof, and to issue general obligation interim debentures to evidence the amount so borrowed.

2. Notwithstanding any limitation or other provision herein, whenever the municipality is authorized to issue special obligation revenue bonds, but only if the qualified electors of the municipality voting on a proposal to issue the revenue bonds have authorized in the manner required by law their issuance by the municipality for any project, if such revenue bonds as a condition to their issuance are so required to be authorized at an election, the municipality also is authorized to borrow money without any election in anticipation of the proceeds of revenue bonds or any other special obligations of the municipality 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.
Nev. Rev. Stat. § 350.0165 — NV Code / Title 30 / Chapter 350 / Section 350.0165
Applicability of NRS 350.011 to 350.0165, inclusive
Status: in_force

The provisions of NRS 350.011 to 350.0165 , inclusive, do not apply to:

1. Any general obligation debt incurred or special elective tax levied before July 1, 1995;

2. Any general obligation debt or special elective tax approved at an election held before July 1, 1995, whether or not the debt is incurred or tax is levied before that date;

3. Any general obligation debt authorized to be incurred, or special elective tax authorized to be levied, by a special act adopted and approved before July 1, 1995;

4. Any debt incurred for the purpose of refunding any outstanding general obligation debt; and

5. Any medium-term obligation, except a medium-term obligation issued after July 1, 2001, by a general improvement district whose population within its boundaries is less than 5,000.
Nev. Rev. Stat. § 350.087 — NV Code / Title 30 / Chapter 350 / Section 350.087
Resolution authorizing medium-term obligation or installment-purchase agreement: Adoption; contents; notice
Status: in_force

1. If the public interest requires a medium-term obligation or installment-purchase agreement, the governing body of any local government, by a resolution adopted by two-thirds of its members, may authorize a medium-term obligation or installment-purchase agreement. For the purposes of the issuance of a medium-term obligation pursuant to NRS 280.266 , a metropolitan police committee on fiscal affairs shall be deemed the governing body of a local government.

2. The resolution must contain: (a) A finding by the governing body that the public interest requires the medium-term obligation or installment-purchase agreement; (b) A statement of the facts upon which the finding required pursuant to paragraph (a) is based; (c) A statement that identifies: (1) Each source of revenue of the local government that is anticipated to be used to repay the medium-term obligation or installment-purchase agreement; and (2) The dollar amount that is anticipated to be available to repay the medium-term obligation or installment-purchase agreement from each such source; and (d) If the resolution is for an installment-purchase agreement with a term of more than 10 years: (1) A statement comparing the cost of installment-purchase financing with other available methods of financing, including, without limitation, financing with general obligation bonds or revenue bonds; and (2) If such statement concludes that installment-purchase financing is more expensive than other available methods of financing, a statement explaining the reasons for choosing installment-purchase financing instead of a less expensive alternative.

3. Except as otherwise provided in subsection 4, before the adoption of any such resolution, the governing body shall publish notice of its intention to act thereon in a newspaper of general circulation for at least one publication. No vote may be taken upon the resolution until 10 days after the publication of the notice. The cost of publication of the notice required of an entity is a proper charge against its general fund.

4. If such a resolution will be adopted by a metropolitan police committee on fiscal affairs, the sheriff of the county in which the metropolitan police department is located shall publish the notice required pursuant to subsection 3.
Nev. Rev. Stat. § 350.524 — NV Code / Title 30 / Chapter 350 / Section 350.524
“Governing body” defined
Status: in_force

“Governing body” means the board of county commissioners, city council, city commission, board of supervisors, town council, board of trustees of the school district, board of directors or trustees of any other type district, or other local legislative or governing body of the municipality.
Nev. Rev. Stat. § 350.400 — NV Code / Title 30 / Chapter 350 / Section 350.400
Sale of bonds
Status: in_force

The bonds shall be sold as provided in the Local Government Securities Law.
Nev. Rev. Stat. § 349.926 — NV Code / Title 30 / Chapter 349 / Section 349.926
Limitation of actions
Status: in_force

No action may be brought questioning the legality of any contract, lease, agreement, indenture, mortgage, order or bonds executed, adopted or taken in connection with any investment authorized by NRS 349.900 to 349.929 , inclusive, more than 30 days after the effective date of the order of the Director authorizing the issuance of these bonds.
Nev. Rev. Stat. § 349.755 — NV Code / Title 30 / Chapter 349 / Section 349.755
Director: Delegation of duties
Status: in_force

The Director may delegate the performance of any of the duties required under this program to any person within the Department of Business and Industry whom the Director designates.
Nev. Rev. Stat. § 349.182 — NV Code / Title 30 / Chapter 349 / Section 349.182
“Holder” defined
Status: in_force

“Holder,” or any similar term, when used in conjunction with any coupons, any bonds or any other securities, means the person in possession and the apparent owner of the designated item if such obligation is registered for payment to bearer or is not registered, or the term means the registered owner of the designated item if it is at the time registered for payment otherwise than to bearer.
Nev. Rev. Stat. § 349.775 — NV Code / Title 30 / Chapter 349 / Section 349.775
Confidentiality of information concerning exporter
Status: in_force

Except as otherwise provided in NRS 239.0115 , or unless the exporter consents to its disclosure, any information submitted to or compiled by the Director regarding the identity, background, finances, marketing plans, trade secrets or any other commercially sensitive affairs of the exporter is confidential.
Nev. Rev. Stat. § 350A.160 — NV Code / Title 30 / Chapter 350A / Section 350A.160
Judicial confirmation of exemption of specific obligation from State's debt limit required; legislative declaration
Status: in_force

1. The Board shall not become obligated with respect to a particular lending project unless the Board: (a) Has determined that the lending project is for a purpose related to natural resources and that the obligation to be incurred for the lending project will be exempt from the limitation on state debt set forth in Section 3 of Article 9 of the Nevada Constitution ; or (b) Has obtained judicial confirmation, in a proceeding pursuant to chapter 43 of NRS or another proceeding, that the obligation to be incurred for that project will be exempt from the State's debt limit. If an appeal is taken or the confirmation is otherwise reviewed, the obligation must not be incurred unless the exemption is affirmed by the court of last resort.

2. The Legislature hereby finds that obligations issued as state securities which are general obligations, for which a Board determination has been made pursuant to paragraph (a) of subsection 1 or a judicial confirmation has been obtained pursuant to paragraph (b) of subsection 1, are necessary for the protection and preservation of the property and natural resources of this State and for the purpose of obtaining the benefits thereof, and the issuance of those securities constitutes an exercise of the authority conferred by the second paragraph of Section 3 of Article 9 of the Nevada Constitution .
Nev. Rev. Stat. § 349.090 — NV Code / Title 30 / Chapter 349 / Section 349.090
Creation; records of accounting
Status: in_force

There is hereby created in the State Treasury a debt service fund to be known as the Consolidated Bond Interest and Redemption Fund. The State Treasurer shall maintain records of accounting reflecting the current condition of the Fund.
Nev. Rev. Stat. § 348A.020 — NV Code / Title 30 / Chapter 348A / Section 348A.020
Determination of aggregate face amount of bonds
Status: in_force

For the purpose of determining, within the limitations established by 26 U.S.C. § 146 , the aggregate face amount of private activity bonds which may be issued during any calendar year:

1. The volume cap for the Director is, for any calendar year, 50 percent of the state ceiling for that year, subject to augmentation or diminution in accordance with any regulation adopted pursuant to NRS 348A.040 .

2. The volume cap for any local government in this state is, for any calendar year, an amount which bears the same ratio to 50 percent of the state ceiling for that year as the population of that local government bears to the population of the entire state, subject to augmentation or diminution in accordance with any regulation adopted pursuant to NRS 348A.040 .
Nev. Rev. Stat. § 349.943 — NV Code / Title 30 / Chapter 349 / Section 349.943
“State securities” defined
Status: in_force

“State securities” means notes, warrants, interim debentures, bonds and temporary bonds issued as general obligations by the Director for any water project 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 water projects.
Nev. Rev. Stat. § 350.678 — NV Code / Title 30 / Chapter 350 / Section 350.678
Interim debentures: Security for payment
Status: in_force

1. Except as otherwise provided in NRS 350.674 , 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 governing body may determine, except as otherwise provided in subsections 2, 3 and 4 of NRS 350.630 .

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 may 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.