Nev. Rev. Stat. § 350.614 — NV Code / Title 30 / Chapter 350 / Section 350.614
Details of municipal securities provided by ordinance
Status: in_force

Except as otherwise provided in the Local Government Securities Law and in any other act the provisions of which are relevant by express reference herein thereto or by provisions to that effect therein, any securities issued hereunder must be:

1. In such a form;

2. Issued in such a manner, at, above or below par at such a discount not exceeding 9 percent of the principal amount of the securities, and at such a price which will result in an effective interest rate which does not exceed the limit provided in NRS 350.2011 ;

3. Issued with such provisions: (a) For the application of any accrued interest and any premium from the sale of any bonds or other municipal securities hereunder as provided in NRS 350.648 ; (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 all such securities, with and securing their repayment by a commercial bank or commercial banks within or without or both within and without this state; (i) For the payment of costs or expenses incident to the enforcement of the securities or of the provisions of the ordinance 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 governing body in an ordinance authorizing their issuance and in any indenture or other proceedings appertaining thereto.
Nev. Rev. Stat. § 349.865 — NV Code / Title 30 / Chapter 349 / Section 349.865
Faith of State pledged against repeal, amendment or modification of NRS 349.700 to 349.870, inclusive
Status: repealed

The faith of the State is hereby pledged that NRS 349.700 to 349.870 , inclusive, will not be repealed, amended or modified to impair any outstanding bonds or any revenues pledged to their payment or to limit or alter the rights or powers vested in the Director to fulfill the terms of any agreements made with the holders of any bonds issued or in any way to impair the rights or remedies of the holders until all bonds have been paid in full or provisions for their payment and redemption have been fully made.
Nev. Rev. Stat. § 349.850 — NV Code / Title 30 / Chapter 349 / Section 349.850
Bonds: Legal investments
Status: in_force

The bonds are legal investments in which all public officers and public bodies of the State, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, savings and loan associations, savings banks and trust companies, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons who are authorized on or after July 1, 1985, to invest in bonds or in other obligations of this state, may properly and legally invest funds, including capital, in their control or belonging to them. The bonds are securities which may properly and legally be deposited with and received by all public officers and public bodies of the State or any agency or political subdivision of the State and all municipalities and public corporations for any purpose for which the deposit of bonds or other obligations of this state is authorized by law on and after July 1, 1985, and may be used as collateral to secure any deposit of public money.
Nev. Rev. Stat. § 350.024 — NV Code / Title 30 / Chapter 350 / Section 350.024
Contents of ballot question, sample ballot and notice of election on proposal to issue general obligations; consolidation of election with general, primary or municipal election; publication of notice of close of registration for special election
Status: in_force

1. The ballot question for a proposal submitted to the electors of a municipality pursuant to subsection 1 of NRS 350.020 must contain the principal amount of the general obligations to be issued or incurred, the purpose of the issuance or incurrence of the general obligations and an estimate established by the governing body of: (a) The duration of the levy of property tax that will be used to pay the general obligations; and (b) The average annual increase, if any, in the amount of property taxes that an owner of a new home with a fair market value of $100,000 will pay for debt service on the general obligations to be issued or incurred.

2. Except as otherwise provided in subsection 4, the sample ballot required to be distributed pursuant to NRS 293.565 or 293C.530 and the notice of election must contain: (a) The time and places of holding the election. (b) The hours during the day in which the polls will be open, which must be the same as provided for general elections. (c) The ballot question. (d) The maximum amount of the obligations, including the anticipated interest, separately stating the total principal, the total anticipated interest and the anticipated interest rate. (e) An estimate of the range of property tax rates stated in dollars and cents per $100 of assessed value necessary to provide for debt service upon the obligations for the dates when they are to be redeemed. The municipality shall, for each such date, furnish an estimate of the assessed value of the property against which the obligations are to be issued or incurred, and the governing body shall estimate the tax rate based upon the assessed value of the property as given in the assessor's estimates.

3. If an operating or maintenance rate is proposed in conjunction with the question to issue obligations, the questions may be combined, but the sample ballot and notice of election must each state the tax rate required for the obligations separately from the rate proposed for operation and maintenance.

4. Any election called pursuant to NRS 350.020 to 350.070 , inclusive, may be consolidated with a primary or general municipal election or a primary or general state election. The notice of election need not set forth the places of holding the election, but may instead state that the places of holding the election will be the same as those provided for the election with which it is consolidated.

5. If the election is a special election, the clerk shall cause notice of the close of registration 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 next preceding the close of registration for the election.
Nev. Rev. Stat. § 350.540 — NV Code / Title 30 / Chapter 350 / Section 350.540
“Net revenues” and “net pledged revenues” defined
Status: in_force

“Net revenues” or “net pledged revenues” means “gross revenues,” after the deduction of operation and maintenance expenses.
Nev. Rev. Stat. § 350.016 — NV Code / Title 30 / Chapter 350 / Section 350.016
Evaluation of proposal: Power of commission to employ consultants; costs
Status: in_force

The commission has the power, with the consent of the municipality which proposes to incur a debt or levy a special elective tax, to contract for or employ accountants and financial consultants to evaluate any proposal which it must approve or disapprove. The cost of such services must be paid by the consenting municipality which proposes to incur the debt or levy the special elective tax.
Nev. Rev. Stat. § 350A.080 — NV Code / Title 30 / Chapter 350A / Section 350A.080
“Municipality” defined
Status: in_force

“ Municipality ” means any county, city, town, wastewater authority, flood management authority, water authority organized as a political subdivision created by cooperative agreement, school district, general improvement district or other district, including an irrigation district.
Nev. Rev. Stat. § 348.040 — NV Code / Title 30 / Chapter 348 / Section 348.040
“Authorized officer” defined
Status: in_force

1. “Authorized officer” means, with respect to any certificated public security, a person whose signature to the certificated public security is required or permitted, or a person whom the authorized officer is authorized, either alone or with the concurrence of another or others, to authorize to affix the signature of the authorized officer to the certificated public security and who is so authorized in writing by the authorized officer with any required concurrence.

2. “Authorized officer” means, with respect to any uncertificated public security, any person described in this section as an authorized officer with respect to a certificated public security of the same class or series.
Nev. Rev. Stat. § 349.740 — NV Code / Title 30 / Chapter 349 / Section 349.740
“Participating financial institution” defined
Status: in_force

“Participating financial institution” means:

1. Any office or subsidiary of a foreign banking corporation licensed or approved by the Commissioner of Financial Institutions; or

2. Any bank, trust company, savings and loan association, savings bank, credit union, thrift company or other financial institution organized under the laws of this state or organized under the laws of the United States and authorized to do business under the laws of this state,

which has received the approval of the Director to participate in guaranteed funding for any eligible transaction.
Nev. Rev. Stat. § 350.608 — NV Code / Title 30 / Chapter 350 / Section 350.608
Covenants in ordinance authorizing issuance of special obligations impose no liability against municipality or its general credit
Status: in_force

None of the covenants, agreements, representations and warranties contained in any ordinance authorizing the issuance of bonds or other municipal securities issued under the provisions of the Local Government Securities Law and constituting special obligations, or in any other instrument appertaining thereto, in the absence of any breach thereof, shall ever impose or shall be construed as imposing any liability, obligation or charge against the municipality (except the special funds pledged therefor) or against the general credit of the municipality, payable out of the general fund of the municipality, or out of any funds derived from taxation.
Nev. Rev. Stat. § 349.947 — NV Code / Title 30 / Chapter 349 / Section 349.947
Liberal construction
Status: in_force

NRS 349.935 to 349.961 , inclusive, must be liberally construed to effectuate the purposes of those sections.
Nev. Rev. Stat. § 351.020 — NV Code / Title 30 / Chapter 351 / Section 351.020
Definitions
Status: in_force

As used in this chapter:

1. “ Authorized officer ” means any official of this state or any of its departments, agencies or other instrumentalities or any of its political subdivisions whose signature to a public security or instrument of payment is required or permitted.

2. “Facsimile signature ” means a reproduction by engraving, imprinting, stamping or other means of the manual signature of an authorized officer.

3. “ Instrument of payment ” means a check, draft, warrant or order for the payment, delivery or transfer of funds.

4. “ Public security ” means a bond, note, certificate of indebtedness or other obligation for the payment of money, issued by this state or by any of its departments, agencies or other instrumentalities or by any of its political subdivisions.
Nev. Rev. Stat. § 348.020 — NV Code / Title 30 / Chapter 348 / Section 348.020
Definitions
Status: in_force

The following terms, as defined in NRS 348.030 to 348.250 , inclusive, for all purposes of this chapter, other provisions of NRS or special acts relating to public securities and any authorizing instrument or document pertaining thereto, unless the context otherwise requires, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 349.585 — NV Code / Title 30 / Chapter 349 / Section 349.585
Prerequisites to financing project: Approval of Office of Economic Development
Status: in_force

1. Except as otherwise provided in NRS 349.640 , the Director shall not finance a project without the approval of the Office of Economic Development. The Office shall approve the financing of a project if it determines that the project is consistent with the State Plan for Economic Development developed by the Executive Director of the Office pursuant to subsection 2 of NRS 231.053 .

2. The Director shall cooperate with the Office of Economic Development in carrying out the provisions of this section and provide such assistance as the Office determines to be necessary for that purpose.
Nev. Rev. Stat. § 348.370 — NV Code / Title 30 / Chapter 348 / Section 348.370
Signatures: Requirements
Status: in_force

Signatures on any printed certificated public securities, issued in part under this chapter, any other statute or charter, or any combination thereof, may be manually subscribed or be subscribed by one or more facsimile signatures, but any printed, certificated public security, other than an interest coupon, must bear at least one manual signature, but it may be that only of an authorized officer of the public body or an officer of its transfer agent. The signatures of the officers signing the certificated public securities must be filed with the Secretary of State in compliance with chapter 351 of NRS .
Nev. Rev. Stat. § 349.188 — NV Code / Title 30 / Chapter 349 / Section 349.188
“Operation and maintenance expenses” defined
Status: in_force

1. “Operation and maintenance expenses,” or any phrase of similar import, means all reasonable and necessary current expenses of the State, paid or accrued, of operating, maintaining and repairing the facilities or of levying, collecting and otherwise administrating any excise taxes pertaining to the pledged revenues for the payment of the bonds or other securities issued hereunder; and the term may include at the Commission's option (except as limited by contract or otherwise limited by law), without limiting the generality of the foregoing: (a) Engineering, auditing, reporting, legal and other overhead expenses of the various state departments directly related and reasonably allocable to the administration of the facilities; (b) Fidelity bond and property and liability insurance premiums appertaining to the facilities, or a reasonably allocable share of a premium of any blanket bond or policy pertaining to the facilities; (c) Payments to pension, retirement, health and hospitalization funds and other insurance; (d) Any taxes, assessments, excise taxes or other charges which may be lawfully imposed on the State, any facilities, revenues therefrom, or any privilege in connection with any facilities or their operation; (e) The reasonable charges of any paying agent, or commercial bank, trust bank or other depositary bank appertaining to any securities issued by the State or appertaining to any facilities; (f) Contractual services, professional services, salaries, other administrative expenses, and costs of materials, supplies, repairs and labor, appertaining to the issuance of any state securities and to any facilities, including without limitation the expenses and compensation of any trustee, receiver or other fiduciary under the State Securities Law; (g) The costs incurred by the Commission in the collection and any refunds of all or any part of the pledged revenues, including without limitation revenues appertaining to any facilities; (h) Any costs of utility services furnished to the facilities by the State or otherwise; (i) Any lawful refunds of any pledged revenues; (j) Reasonable allowances for the depreciation of furniture and equipment for the facilities; and (k) All other administrative, general and commercial expenses.

2. The term “operation and maintenance expenses” does not include: (a) Any allowance for depreciation, except as otherwise provided in paragraph (j) of subsection 1 of this section; (b) Any costs of reconstruction, improvements, extensions or betterments; (c) Any accumulation of reserves for capital replacements; (d) Any reserves for operation, maintenance or repair of any facilities; (e) Any allowance for the redemption of any bond or other state security evidencing a loan or other obligation or for the payment of any interest thereon; (f) Any liabilities incurred in the acquisition or improvement of any properties comprising any project or any existing facilities, or any combination thereof; and (g) Any other ground of legal liability not based on contract.
Nev. Rev. Stat. § 349.015 — NV Code / Title 30 / Chapter 349 / Section 349.015
Contents of sample ballot and notice of election; consolidation with primary or general election
Status: in_force

1. Except as otherwise provided in subsection 3, the sample ballot required to be distributed pursuant to NRS 293.565 or 293C.530 , and the notice of election must contain: (a) The time and places of holding the election. (b) The hours during the day in which the polls will be open, which must be the same as provided for general elections. (c) The purposes for which the bonds are to be issued. (d) A disclosure of any: (1) Future increase or decrease in costs which can reasonably be anticipated in relation to the purposes for which the obligations are to be issued and its probable effect on the tax rate; and (2) Requirement relating to the bond question which is imposed pursuant to a court order or state or federal statute and the probable consequences which will result if the bond question is not approved by the voters. (e) 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. (f) The maximum amount of the bonds. (g) The maximum rate of interest. (h) The maximum number of years which the bonds are to run.

2. Any election called pursuant to NRS 349.010 to 349.070 , inclusive, may be consolidated with a primary or general election.

3. If the election is consolidated with a general election, the notice of election need not set forth the places of holding the election, but may instead state that the places of holding the election will be the same as those provided for the general election.
Nev. Rev. Stat. § 349.440 — NV Code / Title 30 / Chapter 349 / Section 349.440
“Director” defined
Status: in_force

“Director” means the Director of the Department of Business and Industry or any person within the Department of Business and Industry designated by the Director to perform duties in connection with a project or the issuance of bonds.
Nev. Rev. Stat. § 350.562 — NV Code / Title 30 / Chapter 350 / Section 350.562
“Treasurer” defined
Status: in_force

1. “Treasurer” means: (a) The de facto or de jure county treasurer, city treasurer, town treasurer or treasurer of any district, or his or her successor in functions, if any. (b) The county treasurer in the case of any municipality (other than a county) which has no treasurer and for which the county treasurer is required or authorized by law to be the official custodian of the moneys of such municipality, or his or her successor in functions, if any.

2. “Treasurer” may mean the county treasurer if the governing body of the municipality (other than a county) expressly so provides in any instrument or other proceedings hereunder, or his or her successor in functions, if any.
Nev. Rev. Stat. § 349.164 — NV Code / Title 30 / Chapter 349 / Section 349.164
“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. § 349.515 — NV Code / Title 30 / Chapter 349 / Section 349.515
“Renewable energy” defined
Status: in_force

1. “ Renewable energy ” means a source of energy that occurs naturally or is regenerated naturally, including, without limitation: (a) Biomass; (b) Fuel cells; (c) Geothermal energy; (d) Solar energy; (e) Waterpower; and (f) Wind.

2. The term does not include coal, natural gas, oil, propane or any other fossil fuel, or nuclear energy.
Nev. Rev. Stat. § 348.260 — NV Code / Title 30 / Chapter 348 / Section 348.260
Substitution of meanings of terms used in chapter for meanings of corresponding terms in supplemental provisions
Status: in_force

The meanings of the terms used in this chapter shall be substituted for the meanings of corresponding terms used in other provisions of NRS or special acts relating to public securities when the provisions or principles of those laws supplement the provisions of this chapter. Otherwise, terms used in this chapter have the same meaning as corresponding terms used in laws relating to public securities.
Nev. Rev. Stat. § 348.120 — NV Code / Title 30 / Chapter 348 / Section 348.120
“Governing body” defined
Status: in_force

“Governing body” means the State Legislature, the State Board of Examiners, any state officer or commission, or other agency or instrumentality of the State authorized to issue public securities in its name and on its behalf, the Board of Regents of the University of Nevada, or any city council, city commission, board of supervisors, town council, town board, board of county commissioners, board of trustees of a school district, board of directors or trustees of any other type of district or authority, or other local legislative or governing body of another type of public body.
Nev. Rev. Stat. § 349.040 — NV Code / Title 30 / Chapter 349 / Section 349.040
Special election: Appointment and duties of inspectors and clerks; election board and precincts
Status: in_force

1. When a special election is called, on or before 15 days before the date of the election the several boards of county commissioners of this state shall, subject to the provisions of subsection 3, select and appoint suitable persons, who shall be citizens and qualified voters in the State, county and in the precinct where they are appointed, to act as inspectors and clerks of the election.

2. The inspectors and clerks of the election shall: (a) Be selected, appointed and paid, if payment is claimed, as provided by law; and (b) Perform such duties in holding the election and in making due return thereof as are required by the general election laws of this state, so far as the same are not inconsistent with or in conflict with the provisions of NRS 349.010 to 349.070 , inclusive.

3. Only one election board shall be appointed for each voting precinct in the State. For the purposes of the special election, the several boards of county commissioners, in providing for and proclaiming the election precincts, shall divide their respective counties into any number of voting precincts as they may deem necessary without regard to the number of qualified voters in any one precinct.
Nev. Rev. Stat. § 348.390 — NV Code / Title 30 / Chapter 348 / Section 348.390
Use of facsimile seal on certificated public security
Status: in_force

When a seal is required or permitted in the execution of any certificated public security, the authorized officer may cause a facsimile seal to be placed thereon. The facsimile seal has the same legal effect as the impression of a seal.
Nev. Rev. Stat. § 349.830 — NV Code / Title 30 / Chapter 349 / Section 349.830
Bonds: Special obligations of State
Status: in_force

1. All bonds issued by the Director are special, limited obligations of the State. The principal of, the interest on, and premiums, if any, due in connection with the bonds issued are payable from, secured by a pledge of and constitute a lien, subject to the provisions of NRS 349.700 to 349.870 , inclusive, for their security, solely on the revenues derived from the payment of principal of and interest on the guaranteed funding, the proceeds of the bonds, the income derived from investment of the proceeds of the bonds and from investment of the revenues and any guarantee or insurance therefor.

2. The bonds and interest coupons, if any, which are a part of those bonds do not constitute the debt or indebtedness of the State within the meaning of any provision or limitation of the Constitution or statutes of the State of Nevada, and do not constitute or give rise to a pecuniary liability of the State or a charge against its general credit or taxing powers. This limitation must be plainly stated on the face of each bond.
Nev. Rev. Stat. § 349.356 — NV Code / Title 30 / Chapter 349 / Section 349.356
Securities issued as general obligations are legal investments for state money
Status: in_force

It is legal for the State Board of Finance to invest any permanent state funds or other state funds available for investment in any of the bonds or other securities authorized to be issued pursuant to the provisions hereof if the securities constitute general obligations payable from taxes.
Nev. Rev. Stat. § 350.604 — NV Code / Title 30 / Chapter 350 / Section 350.604
Payment of municipal securities not to be secured by encumbrance, mortgage or pledge of municipality's property; exception
Status: in_force

1. Except as otherwise provided in subsection 2: (a) The payment of municipal securities may not be secured by an encumbrance, mortgage or other pledge of property of the municipality; and (b) No property of the municipality is liable to be forfeited or taken in payment of the securities.

2. The payment of municipal securities may be secured by pledged revenues, proceeds of taxes and any other money pledged for the payment of the securities. A municipality may encumber, mortgage or otherwise pledge property purchased from the proceeds of a loan to secure repayment of that loan.
Nev. Rev. Stat. § 349.908 — NV Code / Title 30 / Chapter 349 / Section 349.908
“Fund for the Retirement of Bonds” defined
Status: in_force

“Fund for the Retirement of Bonds” means the fund established pursuant to the indenture and held by the trustee and which secures payment of the principal amount of the bonds at maturity.
Nev. Rev. Stat. § 349.923 — NV Code / Title 30 / Chapter 349 / Section 349.923
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, not exceeding 40 years after their respective dates; (d) Be in the form; (e) Be executed in the manner; (f) Carry the registration privileges; (g) Be payable at the place or places within or without the State; and (h) 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 investment to be financed by the bonds, the Director may employ financial and legal consultants in regard to the financing.

3. The bonds are fully negotiable under the terms of the Uniform Commercial Code -- Investment Securities.
Nev. Rev. Stat. § 349.248 — NV Code / Title 30 / Chapter 349 / Section 349.248
Proceeds of taxes specially appropriated to payment of principal and interest
Status: repealed

There is by the State Securities Law, and there shall be by resolution authorizing the issuance of any indebtedness contracted in accordance with the provisions of the State 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 state securities evidencing such debt have been wholly paid.
Nev. Rev. Stat. § 349.224 — NV Code / Title 30 / Chapter 349 / Section 349.224
General obligations: Types of securities
Status: in_force

The State may issue as general obligations any of the following types of state 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 Commission may determine, except as may be otherwise provided in any act supplemental hereto.
Nev. Rev. Stat. § 349.955 — NV Code / Title 30 / Chapter 349 / Section 349.955
Faith of State pledged against repeal, amendment or modification of NRS 349.935 to 349.961, inclusive
Status: repealed

The faith of the State is hereby pledged that NRS 349.935 to 349.961 , inclusive, will not be repealed, amended or modified to impair any outstanding bonds or any revenues pledged to their payment, or to impair, limit or alter the rights or powers vested in a city or county to acquire, finance, improve and equip a water project in any way that would jeopardize the interest of any lessee, purchaser or other obligor, or to limit or alter the rights or powers vested in the Director to perform any agreement made with any lessee, purchaser or other obligor, until all bonds have been discharged in full or provisions for their payment and redemption have been fully made.
Nev. Rev. Stat. § 349.174 — NV Code / Title 30 / Chapter 349 / Section 349.174
“Federal securities” defined
Status: in_force

“Federal securities” means bills, certificates of indebtedness, notes, bonds or similar securities which are direct obligations of, or the principal and interest of which securities are unconditionally guaranteed by, the United States.
Nev. Rev. Stat. § 350.696 — NV Code / Title 30 / Chapter 350 / Section 350.696
Refunding bonds: Disposition of proceeds, accrued interest and premium; costs; escrow; trusts
Status: in_force

1. Except as herein otherwise provided, the proceeds of refunding bonds shall either be immediately applied to the retirement of the bonds to be refunded or be placed in escrow or trust in any trust bank or trust banks within or without or both within and without this state to be applied to the payment of the refunded bonds or the refunding bonds, or both the refunded bonds and the refunding bonds, upon their presentation therefor to the extent, in such priority and otherwise in the manner which the governing body may determine.

2. The incidental costs of refunding bonds may be paid by the purchaser of the refunding bonds or be defrayed from any general fund (subject to appropriations therefor as otherwise provided by law) or other available revenues of the municipality under the control of the governing body or from the proceeds of the refunding bonds, or from the interest or other yield derived from the investment of any refunding bond proceeds or other moneys in escrow or trust, or from any other sources legally available therefor, or any combination thereof, as the governing body may determine.

3. Any accrued interest and any premium appertaining to a sale of refunding bonds may be applied to the payment of the interest thereon or the principal thereof, or to both interest and principal, or may be deposited in a reserve therefor, or may be used to refund bonds by deposit in escrow, trust or otherwise, or may be used to defray any incidental costs appertaining to the refunding, or any combination thereof, as the governing body may determine.
Nev. Rev. Stat. § 349.078 — NV Code / Title 30 / Chapter 349 / Section 349.078
Limitation on issuance or sale after date of election
Status: in_force

No security may be issued or sold by the State after the expiration of 6 years from the date of the election authorizing such issue, if an election is required by any law whenever enacted.
Nev. Rev. Stat. § 348.110 — NV Code / Title 30 / Chapter 348 / Section 348.110
“Full registered form” and “full registration” defined
Status: in_force

“Full registered form” or “full registration” means:

1. With respect to a certificated public security that: (a) The certificated public security specifies a person entitled to the public security or the rights it represents; and (b) Transfer of the certificated public security may be registered upon books maintained for that purpose by or on behalf of the issuer.

2. With respect to an uncertificated public security, that transfer of the uncertificated public security is registered upon books maintained for that purpose or that the security is represented by: (a) Evidence of participation in an obligation of larger denomination which is fully registered; or (b) An entry in a system of books kept to identify purchasers of those securities by or on behalf of the issuer.
Nev. Rev. Stat. § 349.595 — NV Code / Title 30 / Chapter 349 / Section 349.595
Prerequisites to financing costs related to equipment for project; establishment of guidelines
Status: in_force

1. Except as otherwise provided in NRS 349.585 , the Director may provide financing for a project pursuant to this section if: (a) The financing is limited in amount and purpose to the payment of the costs associated with: (1) The acquisition, refurbishing, replacement and installation of equipment for the project; and (2) The issuance of bonds pursuant to this section; (b) The total amount of the bonds issued pursuant to this section for a particular project does not exceed $2,500,000; (c) The Director determines that the bonds will: (1) 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 (2) 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.; (d) The Director makes the findings set forth in paragraphs (a) to (g), inclusive, of subsection 2 of NRS 349.580 , and the governing body of the city or county where the project is to be located approves the findings of the Director; and (e) The Director complies with the guidelines established pursuant to subsection 2.

2. The Board shall establish guidelines for the provision of financing for a project pursuant to this section.
Nev. Rev. Stat. § 349.169 — NV Code / Title 30 / Chapter 349 / Section 349.169
“Disposal” and “dispose” defined
Status: in_force

“Disposal” or “dispose” means the sale, destruction, razing, loan, lease, grant, transfer, assignment, option to sell, other contract, or other disposition, or any combination thereof, of facilities, other property, or any interest therein.
Nev. Rev. Stat. § 349.304 — NV Code / Title 30 / Chapter 349 / Section 349.304
Investment and reinvestment of revenues and proceeds of taxes and securities in federal securities or certain money market mutual funds
Status: in_force

1. The Commission, subject to any contractual limitations from time to time imposed upon the State by any act or resolution authorizing the issuance of the State'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 state 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 Commission may cause such proceeds of taxes, revenues, state 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 Commission 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 State Treasury.

4. Any gain from any such investments or reinvestments may be credited to any fund or account pledged for the payment of any state securities issued hereunder, including any reserve therefor, or any other fund or account appertaining to a project or any facilities or the State's General Fund, subject to any contractual limitations in any proceedings appertaining to outstanding state 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 State, 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 or to pledge such federal securities, such other securities issued by the Federal Government, such shares in money market mutual funds and such other securities as may be required by the Commission.
Nev. Rev. Stat. § 350.0135 — NV Code / Title 30 / Chapter 350 / Section 350.0135
Proposal resulting in increase of rate of property taxes: Determination and notification of affected governmental entities by municipality; approval or objection by affected governmental entity; notification of commission of objection; resolution of conflict by commission; establishment of related methods and procedures by commission; exception
Status: in_force

1. Before a municipality may submit to the commission a proposal that will result in an increase in the rate of property taxes, the municipality shall: (a) Determine whether there is an affected governmental entity; and (b) If there is an affected governmental entity, provide written notification to the affected governmental entity.

2. A notification sent pursuant to subsection 1 must include, without limitation, a description of: (a) The proposal and the estimated amount the proposal would increase property taxes; and (b) The potential effect of the increase on the entity.

3. The governing body of an entity that receives a notification pursuant to subsection 1 shall, by resolution, approve or object to the proposal described in the notice. If the entity approves the proposal, the entity must state in the resolution approving the proposal that the entity has no intent to levy property taxes which, if combined with the increase proposed in the proposal, would cause the combined property tax rate for the area containing the municipality and the entity to exceed the limitation on property taxes set forth in NRS 361.453 .

4. If an entity objects to a proposal pursuant to subsection 3, the municipality which provided notice pursuant to subsection 1 shall provide the commission with notification in writing of the objection and the entity's reasons for objecting when submitting the proposal to the commission pursuant to NRS 350.014 .

5. If the commission receives a proposal to which an objection has been raised pursuant to subsection 3, the commission shall resolve any conflict between the municipality and the entity over the use of the remaining allowable increase in property taxes and determine whether to approve, in whole or in part, or reject the increase in property taxes set forth in the proposal.

6. In resolving a conflict pursuant to subsection 5, the commission may impose: (a) A condition or provision described in subsection 2 of NRS 350.0145 ; and (b) A condition that: (1) The amount of the general obligation debt proposed to be imposed must be reduced; (2) The rate of the special elective tax must be reduced; or (3) Both subparagraphs (1) and (2).

7. The commission may establish: (a) A method for resolving conflicts over the unlevied amount of property taxes that may be levied pursuant to NRS 354.59811 ; (b) A method for determining the highest and best use of the unlevied amount of property taxes that may be levied pursuant to NRS 354.59811 , which must be based upon a comparison of the public needs to be served by the proceeds from the proposed debt or tax levy in a proposal submitted pursuant to NRS 350.014 and the public needs to be served by other possible debts or tax levies by other municipalities whose tax-levying powers overlap; and (c) A procedure for allowing a municipality that does not levy the maximum amount of property taxes which it may levy pursuant to NRS 354.59811 to reserve a percentage of the remaining allowable increase of property taxes for use in the future and a procedure for determining whether to grant such a reservation. If established, such procedures must: (1) Allow all municipalities whose tax-levying powers may be affected by such a reservation to enter objections to such a reservation; and (2) Provide a method for resolving conflicts over the remaining allowable increase of property taxes between municipalities whose tax-levying powers overlap, which must be based upon the highest and best use for the remaining allowable increase of property taxes.

8. This section does not apply to any proposal that is not expected to result in an increase in the rate of property taxes in any jurisdiction.

9. As used in this section: (a) “ Affected governmental entity ” means a governmental entity: (1) That has territory which overlaps the territory of the municipality proposing the special elective tax or general obligation debt; (2) That is currently not levying the maximum rate of property taxes which it may levy pursuant to NRS 354.59811 ; and (3) For which the total combined tax rate levied on the overlapping territory would exceed the limit set forth in NRS 361.453 if the current combined tax rate levied on the overlapping territory is added to: (I) The tax rate projected for the special elective tax or general obligation debt being proposed by the municipality; and (II) The unlevied amount of property taxes that currently may be levied by the governmental entity pursuant to NRS 354.59811 . (b) “ Remaining allowable increase of property taxes ” means the difference between the tax rate allowed for a municipality in the current fiscal year pursuant to NRS 354.59811 minus the tax rate levied by the municipality in the current fiscal year.
Nev. Rev. Stat. § 349.600 — NV Code / Title 30 / Chapter 349 / Section 349.600
Bonds to be special obligations
Status: in_force

1. All bonds issued by the Director pursuant to NRS 349.400 to 349.670 , inclusive, are special, limited obligations of the State. The principal of and interest on such bonds are payable, subject to the security provisions of NRS 349.400 to 349.670 , inclusive, solely out of the revenues derived from the financing, leasing or sale of the project or projects to be financed by the bonds.

2. The bonds and interest coupons, if any, which are a part of those bonds do not constitute the debt or indebtedness of the State or any city or county within the meaning of any provision or limitation of the Constitution of the State of Nevada or statutes, and do not constitute or give rise to a pecuniary liability of the State or a charge against its general credit or taxing powers. This limitation must be plainly stated on the face of each bond.
Nev. Rev. Stat. § 348.440 — NV Code / Title 30 / Chapter 348 / Section 348.440
Payment of installments for principal, interest and premiums
Status: in_force

Payment of an installment of principal or interest, or both principal and interest, and any premium for prior redemption due at any designated date may be required by any authorizing instrument pertaining to the issuance of public securities to be by check, draft or other medium of payment and need not be conditioned upon presentation of any public security or coupon.
Nev. Rev. Stat. § 350A.070 — NV Code / Title 30 / Chapter 350A / Section 350A.070
“Municipal securities” defined
Status: in_force

“ Municipal securities ” means notes, warrants, interim debentures, bonds and temporary bonds validly issued as obligations for a purpose related to natural resources which are payable:

1. From taxes whether or not additionally secured by any municipal revenues available therefor;

2. For bonds issued by an irrigation district, from assessments against real property;

3. For bonds issued by a water authority organized as a political subdivision created by cooperative agreement, from revenues of the water system of the water authority or one or more of the water purveyors who are members of the water authority or any combination thereof;

4. For bonds issued by a wastewater authority, from revenues of the water reclamation system of the wastewater authority or one or more of the municipalities that are members of the wastewater authority, or any combination thereof;

5. For bonds issued by a flood management authority, from revenues of the flood management authority or one or more of the municipalities that are members of the flood management authority, or any combination thereof; or

6. For assessment bonds issued by a municipality under chapter 271 of NRS from assessments against real property.
Nev. Rev. Stat. § 348.060 — NV Code / Title 30 / Chapter 348 / Section 348.060
“Certificated public security” defined
Status: in_force

“Certificated public security” means an obligation which:

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

2. Is represented by an instrument, and is transferable in the manner described in subsection 1 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. § 350.538 — NV Code / Title 30 / Chapter 350 / Section 350.538
“Municipality” defined
Status: in_force

1. “Municipality” means any county, any incorporated city or town, including, without limitation, any city or town organized under the provisions of a special legislative act or other special charter, any unincorporated town, any school district or any quasi-municipal district, including, without limitation, the Nevada Rural Housing Authority and any district created pursuant to NRS 244.2961 or governed by title 25 of NRS, of this state, or any other public agency authorized to issue general or special obligations on behalf of any of these. Where the context so indicates, “municipality” means the geographical area comprising the municipality.

2. “Municipality” does not include an irrigation district or other special district governed by title 48 of NRS.
Nev. Rev. Stat. § 350.573 — NV Code / Title 30 / Chapter 350 / Section 350.573
Sale of right to call for purchase of securities
Status: reserved

1. A municipality may sell the right to call for purchase all or any part of an issuance of securities if, in the ordinance authorizing the issuance of the securities, it has: (a) Reserved the right to make the sale; (b) Provided the time during which a call may be exercised; and (c) Provided the price of the purchase.

2. The municipality shall set forth the price and other terms for the sale of the right to call the security in the ordinance authorizing the issuance of the security or a supplemental ordinance adopted before or at the time of the sale of a right to call the security.

3. The owner of the right to call the security may call it only as provided in the ordinance authorizing the issuance of the security or in an ordinance supplemental thereto. A supplemental ordinance must not amend the time during which a call may be exercised or the price of the purchase.

4. The municipality may purchase its own security pursuant to a right to call the security for purchase. A call for purchase must be in accordance with the price and other terms for the purchase set forth in the ordinance authorizing the issuance of the security or in an ordinance supplemental thereto. A supplemental ordinance must not amend the time during which a call may be exercised or the price of the purchase. Such a purchase by a municipality does not discharge the indebtedness evidenced by the security unless the municipality cancels the security so purchased.
Nev. Rev. Stat. § 349.906 — NV Code / Title 30 / Chapter 349 / Section 349.906
“Director” defined
Status: in_force

“Director” means the Director of the Department of Business and Industry or any person within the Department of Business and Industry designated by the Director to perform duties in connection with a financing or the issuance of bonds.
Nev. Rev. Stat. § 349.565 — NV Code / Title 30 / Chapter 349 / Section 349.565
Restrictions on Director's powers
Status: in_force

1. The Director may not, under NRS 349.400 to 349.670 , inclusive: (a) Operate any manufacturing, industrial, warehousing or commercial enterprise or an organization for research and development or any health and care facility to which he or she provided assistance; or (b) Except as otherwise provided in subsection 2, assist any manufacturing, industrial, warehousing or commercial enterprise or an organization for research and development to locate in a county or city which would result in the abandonment or closure of an existing facility of a like nature located within that county or city, unless the existing facility is operated by the contemplated lessee, purchaser or other obligor or an affiliate of such a person and the facility is to be abandoned or closed because of obsolescence, lack of available labor or limitations at the site of the facility.

2. The provisions of paragraph (b) of subsection 1 do not apply to: (a) Health and care facilities and supplemental facilities for a health and care facility; (b) Civic and cultural enterprises open to the general public; (c) Enterprises located in a redevelopment area created pursuant to chapter 279 of NRS ; (d) Enterprises located in an area designated as an empowerment zone pursuant to sections 1391 to 1397, inclusive, of the Internal Revenue Code of 1986 , 26 U.S.C. §§ 1391 - 97 , future amendments to those sections and the corresponding provisions of future internal revenue laws; (e) Facilities established by a corporation for public benefit; (f) Enterprises whose products are substantially sold, used or distributed outside this state; and (g) Renewable energy generation projects.
Nev. Rev. Stat. § 349.954 — NV Code / Title 30 / Chapter 349 / Section 349.954
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 water project or improvements authorized by NRS 349.935 to 349.961 , inclusive, after 30 days after the effective date of the order of the director authorizing the issuance of those bonds.
Nev. Rev. Stat. § 350A.200 — NV Code / Title 30 / Chapter 350A / Section 350A.200
Powers additional; applicable procedures for issuing securities; issuance of securities by municipality not authorized
Status: in_force

1. The powers conferred by this chapter are in addition to the powers conferred by any other law.

2. Securities may be issued pursuant to this chapter without regard to any procedure required by law, other than those set forth in this chapter or in the State Securities Law.

3. This chapter does not authorize the issuance of securities by any municipality.
Nev. Rev. Stat. § 349.929 — NV Code / Title 30 / Chapter 349 / Section 349.929
Account for Venture Capital to be entrusted to management company; proceeds of bonds may be entrusted to another management company
Status: in_force

The Account for Venture Capital is to be entrusted to a management company with the qualifications specified in those sections. Subject to the limitation on the maximum of the aggregate principal amount of outstanding bonds that may be issued, proceeds from bonds issued at a subsequent time may be entrusted to another management company with the same qualifications.
Nev. Rev. Stat. § 349.342 — NV Code / Title 30 / Chapter 349 / Section 349.342
Refunding bonds: Disposition of proceeds; accrued interest and premium; costs; escrow; trusts
Status: in_force

1. Except as herein otherwise provided, the proceeds of refunding bonds shall either be immediately applied to the retirement of the bonds to be refunded or be placed in escrow or trust in any trust bank or trust banks within or without or both within and without this state to be applied to the payment of the refunded bonds or the refunding bonds, or both the refunded bonds and the refunding bonds, upon their presentation therefor to the extent, in such priority and otherwise in the manner which the Commission may determine.

2. The incidental costs of refunding bonds may be paid by the purchaser of the refunding bonds or be defrayed from any general fund (subject to appropriations therefor as otherwise provided by law) or other available revenues of the State under the control of the Commission or from the proceeds of the refunding bonds, or from the interest or other yield derived from the investment of any refunding bond proceeds or other moneys in escrow or trust, or from any other sources legally available therefor, or any combination thereof, as the Commission may determine.

3. Any accrued interest and any premium appertaining to a sale of refunding bonds may be applied to the payment of the interest thereon or the principal thereof, or to both interest and principal, or may be deposited in a reserve therefor, or may be used to refund bonds by deposit in escrow, trust or otherwise, or may be used to defray any incidental costs appertaining to the refunding, or any combination thereof, as the Commission may determine, but in no event by the incurrence of additional debt in excess of any state debt limitation in the State Constitution.
Nev. Rev. Stat. § 349.927 — NV Code / Title 30 / Chapter 349 / Section 349.927
Faith of State pledged against repeal, amendment or modification of NRS 349.900 to 349.929, inclusive
Status: repealed

The faith of the State is hereby pledged that NRS 349.900 to 349.929 , inclusive, will not be repealed, amended or modified to impair any outstanding bonds or any revenues pledged to their payment or to limit or alter the rights of powers vested in the Director to fulfill the terms of any agreement made with any management company, until all bonds have been discharged in full or provisions for their payment and redemption have been fully made.
Nev. Rev. Stat. § 350.208 — NV Code / Title 30 / Chapter 350 / Section 350.208
Obligation of bond not impaired
Status: in_force

The provisions of NRS 350.202 , 350.204 and 350.206 do not in any way impair the obligation of any bond issued prior to April 3, 1965, or postpone the due date of any installment of interest or payment of principal.
Nev. Rev. Stat. § 349.405 — NV Code / Title 30 / Chapter 349 / Section 349.405
“Biomass” defined
Status: in_force

“ Biomass ” means any organic matter that is available on a renewable basis, including, without limitation:

1. Agricultural crops and agricultural wastes and residues;

2. Wood and wood wastes and residues;

3. Animal wastes;

4. Municipal wastes; and

5. Aquatic plants.
Nev. Rev. Stat. § 349.346 — NV Code / Title 30 / Chapter 349 / Section 349.346
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 Commission 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 349.320 .
Nev. Rev. Stat. § 349.941 — NV Code / Title 30 / Chapter 349 / Section 349.941
“Obligor” defined
Status: in_force

“Obligor” means the natural person, partnership, firm, company, public utility, corporation, association, trust, estate, political subdivision, state agency or any other legal entity, or its legal representative, who agrees to make the payments sufficient to pay the principal of, premium, if any, and interest on the state securities or revenue bonds issued pursuant to NRS 349.935 to 349.961 , inclusive.
Nev. Rev. Stat. § 351.040 — NV Code / Title 30 / Chapter 351 / Section 351.040
Use of facsimile seal
Status: in_force

When the seal of this state or any of its departments, agencies or other instrumentalities or of any of its political subdivisions is required in the execution of a public security or instrument of payment, the authorized officer may cause the seal to be printed, engraved, stamped or otherwise placed in facsimile thereon. The facsimile seal has the same legal effect as the impression of the seal.
Nev. Rev. Stat. § 349.870 — NV Code / Title 30 / Chapter 349 / Section 349.870
Sufficiency of NRS 349.700 to 349.870, inclusive; construction
Status: in_force

1. The provisions of NRS 349.700 to 349.870 , inclusive, without reference to other statutes of the State, constitute full authority for the exercise of powers granted in those sections, including but not limited to the authorization and issuance of bonds.

2. No other act or law with regard to the authorization or issuance of bonds that provides for an election, requires an approval, or in any way impedes or restricts the carrying out of the acts authorized in NRS 349.700 to 349.870 , inclusive, to be done, apply to any proceedings taken under those sections, or acts done pursuant to those sections, except for laws to which reference is expressly made in those sections or by necessary implication of those sections.

3. The provisions of no other law, either general or local, except as provided in NRS 349.700 to 349.870 , inclusive, apply to the doing of the things authorized in those sections to be done, and no board, agency, bureau, commission or official not designated in those sections has any authority or jurisdiction over the doing of any of the acts authorized in those sections to be done, except as otherwise provided in those sections.

4. Any bank or trust company located within or without this state may be appointed and act as a trustee with respect to bonds issued pursuant to NRS 349.700 to 349.870 , inclusive, without the necessity of associating with any other person or entity as cofiduciary, but such an association is not prohibited.

5. The powers conferred by NRS 349.700 to 349.870 , inclusive, are in addition and supplemental to, and not in substitution for, and the limitations imposed by those sections do not affect the powers conferred by any other law.

6. No part of NRS 349.700 to 349.870 , inclusive, repeals or affects any other law or part thereof, except to the extent that those sections are inconsistent with any other law, it being intended that those sections provide a separate method of accomplishing its objectives, and not an exclusive one.

7. The Director or a person designated by the Director may take any actions and execute and deliver any instruments, contracts, certificates and other documents, including the bonds, necessary or appropriate for the sale and issuance of the bonds or accomplishing the purposes of NRS 349.700 to 349.870 , inclusive, without the assistance or intervention of any other officer.

8. NRS 349.700 to 349.870 , inclusive, must be liberally construed to effectuate the purposes of this act.
Nev. Rev. Stat. § 350.652 — NV Code / Title 30 / Chapter 350 / Section 350.652
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 municipality or any of its officers, agents and employees.
Nev. Rev. Stat. § 350.0075 — NV Code / Title 30 / Chapter 350 / Section 350.0075
“Special obligation” defined
Status: in_force

“ Special obligation ” means a municipal security issued pursuant to NRS 350.582 .
Nev. Rev. Stat. § 349.200 — NV Code / Title 30 / Chapter 349 / Section 349.200
“State” defined
Status: in_force

“State” means the State of Nevada, or any board, department or other agency or instrumentality thereof. Where the context so indicates, “State” means the geographical area comprising the State of Nevada. “State” does not include the Nevada Rural Housing Authority.
Nev. Rev. Stat. § 350.0155 — NV Code / Title 30 / Chapter 350 / Section 350.0155
Commission to specify percentage of limitation on total ad valorem tax levy and establish priorities among essential and nonessential facilities and services for purposes of NRS 350.015
Status: in_force

At the annual meeting in August required by NRS 350.012 , the commission shall:

1. Specify a percentage, which must not be less than 75 percent, for the purposes of paragraph (d) of subsection 1 of NRS 350.015 ; and

2. Establish priorities among essential and nonessential facilities and services for the purposes of paragraph (d) of subsection 1 of NRS 350.015 . Facilities and services relating to public safety, education and health must be considered essential facilities and services, and all other facilities and services must be considered nonessential facilities and services.
Nev. Rev. Stat. § 349.948 — NV Code / Title 30 / Chapter 349 / Section 349.948
Prerequisites for financing water projects
Status: in_force

The Director shall not finance a water project unless, before financing:

1. The water project has been finally approved by the Board after a public hearing on the matter.

2. The Director finds and the State Board of Finance approves the findings of the Director that: (a) The contemplated lessee, purchaser or other obligor has sufficient financial resources to place the water project in operation and to continue its operation, meeting the obligations of the lease, purchase contract or financing agreement; (b) There are sufficient safeguards to assure that all money provided by the Director will be expended solely for the purposes of the water project; and (c) The total amount of money necessary to be provided by the Director for financing the water project has been determined in writing by the Board on a form acceptable to the Director.

3. For the issuance of state securities, the Director and the State Board of Finance have received and approved the authorizing documents showing the legal authority for the obligor to borrow and repay the proceeds of the state securities.

4. For the issuance of revenue bonds, the Director and the State Board of Finance have received and approved: (a) The financial plan showing that the revenues to be derived from the water project are adequate to pay the principal and interest on such bonds; (b) A 5-year operating history from the contemplated lessee, purchaser or other obligor or from a parent or other guarantor, who guarantees the payments of principal and interest on any bonds issued; and (c) A written statement from the obligor affirming that the obligor does not undertake to commit the State, and any political subdivision or municipality thereof to incur any pecuniary liability in connection with the issuance of the bonds.
Nev. Rev. Stat. § 349.770 — NV Code / Title 30 / Chapter 349 / Section 349.770
Investigation of credit available to exporter prerequisite for guaranteed funding
Status: in_force

Before any guaranteed funding is provided, the participating financial institution shall investigate the credit or sources of credit available to the exporter in order to determine the economic benefits to be derived from the guarantee, the prospects of repayment, and such other factors as are necessary to determine that the guaranteed funding is consistent with the purposes of the program.
Nev. Rev. Stat. § 349.825 — NV Code / Title 30 / Chapter 349 / Section 349.825
Issuance of revenue bonds: Director required to submit findings to Advisory Committee on Financing Exports and State Board of Finance; approval of State Board of Finance; limitation on amount of bonds
Status: in_force

1. Subject to the limitations imposed by subsection 2, the Director may, if he or she finds it feasible, issue revenue bonds to the extent necessary to provide sufficient money for guaranteed funding, pay the interest on the bonds until the proceeds are so used, procure insurance, create reserves to cover guarantees he or she is obligated to honor, and pay all other expenses incurred in providing guaranteed funding and administering the program.

2. Before any bonds may be issued pursuant to this section, except those issued for the purpose of refunding outstanding bonds, the Director shall submit to the Advisory Committee on Financing Exports, if created, his or her findings that: (a) All of the conditions prerequisite to providing guaranteed funding, as set forth in NRS 349.760 and 349.765 , are met; (b) A satisfactory plan of repayment or an assurance of repayment by a third party is available so as to make any bonds issued pursuant to this section marketable; and (c) The anticipated revenues from the program are sufficient to repay the bonds issued pursuant to this section.

3. The Advisory Committee on Financing Exports, if created, shall recommend approval, with or without conditions, or disapproval of the findings of the Director made pursuant to subsection 2. The Director shall submit to the State Board of Finance a copy of his or her findings and the recommendations of the Advisory Committee on Financing Exports, if any. If the Board approves, the Director may proceed to issue the bonds in the amount approved, but the aggregate principal amount of the outstanding bonds issued must not exceed $50,000,000, exclusive of any bonds or obligations which have been refunded.
Nev. Rev. Stat. § 350.155 — NV Code / Title 30 / Chapter 350 / Section 350.155
Sale by competitive bid: Requirements; exceptions; contents of certificate required for certain bonds; filing and approval of certificate; publication of invitation for competitive bids
Status: in_force

1. Except as otherwise provided in subsection 2, a municipality shall sell the bonds it issues by competitive bid if the credit rating for the bonds or any other bonds of the municipality with the same security, determined without regard to insurance for the bonds or any other independent enhancement of credit, is rated by a nationally recognized rating service as “A-,” “A,” “AA,” “AAA,” or their equivalents, 90 days before and on the day the bonds are sold and: (a) The bonds are general obligation bonds; (b) The primary security for the bonds is an excise tax; or (c) The bonds are issued pursuant to chapter 271 of NRS and are secured by a pledge of the taxing power and the general fund of the municipality.

2. The provisions of subsection 1 and NRS 350.175 and 350.185 do not apply to: (a) Any bond which is issued with a variable rate of interest. (b) A bond issue whose principal amount is $1,000,000 or less. (c) A bond issue with a term of 3 years or less. (d) A bond issue for which an invitation for competitive bids was issued and for which no bids were received or all bids were rejected. (e) Leases, contracts for purchase by installment and certificates of participation if the obligations of the municipality thereunder will terminate when the municipality fails to appropriate money to pay that obligation for the next fiscal year. (f) Economic development revenue bonds issued pursuant to the city economic development revenue bond law or the county economic development revenue bond law. (g) Bonds sold by the municipality to: (1) The United States or any agency or instrumentality thereof; (2) The State of Nevada; (3) Any other municipality; or (4) Not more than 10 investors, each of whom certifies that he or she: (I) Has a net worth of $500,000 or more; and (II) Is purchasing for investment and not for resale. (h) Bonds which require unusual methods of financing, if the chief administrative officer of the municipality certifies in writing that the proposed method of financing: (1) Has not been used previously by any municipality in this state; and (2) May provide a substantial benefit to the municipality. (i) Refunding bonds, if the chief administrative officer of the municipality certifies in writing that the use of a negotiated sale may provide a substantial benefit to the municipality which would not be available if the bonds were sold by competitive bid. (j) Bonds which are sold at a time when, because of particular conditions in the market, a negotiated sale may provide a benefit to the municipality which would not be available if the bonds were sold by competitive bid, if the chief administrative officer of the municipality so certifies in writing. (k) Bonds which are issued pursuant to chapter 271 of NRS and are not secured by a pledge of the taxing power and general fund of the municipality. (l) Revenue bonds which are issued pursuant to chapter 350A of NRS and are secured by a pledge of the allocable local revenues of the municipality.

3. The certificate required by paragraph (h) of subsection 2 must specifically describe the proposed method of financing. The certificate required by paragraph (i) of subsection 2 must specifically describe the circumstances that may provide a substantial benefit if the refunding bonds are negotiated. The certificate required by paragraph (j) of subsection 2 must specifically describe the particular conditions in the market which indicate that a negotiated sale of the bonds may provide a benefit to the municipality. Each certificate required pursuant to subsection 2 must be submitted to the governing body of the municipality at a regularly scheduled meeting of that body and include: (a) The estimated amount of the benefit which will accrue to the municipality. (b) If the municipality has a financial adviser, a written report prepared by that financial adviser which specifically describes the method of sale which will be used for the proposed financing.

4. A copy of: (a) The certificate required by paragraph (h), (i) or (j) of subsection 2; and (b) The report required pursuant to subsection 3, must be filed with the debt management commission of the county where the municipality is located, the county clerk and the Department of Taxation. Before entering into a contract to sell bonds, at least two-thirds of the members of the governing body of the municipality must approve the certificate.

5. If a municipality is required to sell the bonds it issues by competitive bid pursuant to the provisions of this section, it must cause an invitation for competitive bids, or notice thereof, to be published before the date of the sale in the daily or weekly version of the Bond Buyer, published at One State Street Plaza in New York City, New York, or any successor publication.

6. As used in this section, “ invitation for competitive bids ” means a process by which sealed bids or the reasonable equivalent thereof, as approved by the governing body of a municipality, are solicited, received and publicly opened at a specified time, place and date.
Nev. Rev. Stat. § 349.314 — NV Code / Title 30 / Chapter 349 / Section 349.314
Rights and remedies cumulative
Status: in_force

No right or remedy conferred upon any holder of any securities or any coupon appertaining thereto or any trustee for such holder hereby or by any proceedings appertaining to the issuance of such securities or coupon is exclusive of any right or remedy, but each such right or remedy is cumulative and in addition to every other right or remedy and may be exercised without exhausting and without regard to any other remedy conferred hereby or by any other law.
Nev. Rev. Stat. § 348.030 — NV Code / Title 30 / Chapter 348 / Section 348.030
“Assessment” defined
Status: in_force

“Assessment” means a special assessment levied against an assessable tract of property and capital improvements thereon which are specially benefited by the acquisition of capital improvements financed by a public body wholly or in part by the issuance of public securities or otherwise.
Nev. Rev. Stat. § 350.569 — NV Code / Title 30 / Chapter 350 / Section 350.569
Power of eminent domain; reimbursement of public utility for removal and relocation
Status: in_force

1. The governing body may: (a) Exercise on behalf of the municipality 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 public body in the absence of any provision to the contrary in any act supplemental hereto); 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 governing body includes the power to condemn, in the name of the municipality, either the fee simple or any lesser estate or interest in any real property which the governing body by ordinance determines is necessary for carrying out the purposes hereof. The ordinance is prima facie evidence that the taking of the fee simple, easement or other interest, as the case may be, is necessary. The governing body shall not abandon any condemnation proceedings after the date upon which the municipality 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 governing body 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. § 350.546 — NV Code / Title 30 / Chapter 350 / Section 350.546
“Ordinance” defined
Status: in_force

“Ordinance” means a county ordinance, city ordinance, town ordinance, school district or other type district resolution, or other type of instrument by the adoption of which the municipality exercises legislative powers.
Nev. Rev. Stat. § 349.470 — NV Code / Title 30 / Chapter 349 / Section 349.470
“Financing agreement” defined
Status: in_force

“Financing agreement” means an agreement by which the Director agrees to issue bonds pursuant to NRS 349.400 to 349.670 , inclusive, to finance one or more projects and the obligor agrees to:

1. Make payments (directly or through notes, debentures, bonds or other secured or unsecured debt obligations of the obligor executed and delivered by the obligor to the Director or his or her designee or assignee, including a trustee, pursuant to the financing agreement) sufficient to pay the principal of, premium if any, and interest on the bonds;

2. Pay other amounts required by NRS 349.400 to 349.670 , inclusive; or

3. Comply with all other applicable provisions of NRS 349.400 to 349.670 , inclusive.
Nev. Rev. Stat. § 349.077 — NV Code / Title 30 / Chapter 349 / Section 349.077
Discounts
Status: in_force

Except as otherwise provided by a specific statute, securities issued by the State may be sold at par, above par or below par at a discount of not more than 9 percent of the principal amount, but the effective interest rate must not exceed the limit provided in NRS 349.076 .
Nev. Rev. Stat. § 349.075 — NV Code / Title 30 / Chapter 349 / Section 349.075
Definitions
Status: in_force

As used in NRS 349.075 to 349.078 , inclusive:

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

2. “Security” means a bond or other evidence of indebtedness.
Nev. Rev. Stat. § 349.316 — NV Code / Title 30 / Chapter 349 / Section 349.316
Failure of holder to proceed does not relieve State, Commission and officers, agents and employees of State of liability for nonperformance of duties
Status: in_force

The failure of any holder of any state securities or any coupons appertaining thereto so to proceed as herein provided or in such proceedings shall not relieve the State, the Commission or any of the officers, agents and employees of the State of any liability for failure to perform or carry out any duty, obligation or other commitment.
Nev. Rev. Stat. § 349.485 — NV Code / Title 30 / Chapter 349 / Section 349.485
“Historic structure” defined
Status: in_force

“ Historic structure ” means a building, facility or other structure, including, without limitation, a landmark, which is eligible for listing in the State Register of Historic Places under NRS 383.085 .
Nev. Rev. Stat. § 349.790 — NV Code / Title 30 / Chapter 349 / Section 349.790
Director subrogated to rights of exporter and participating financial institution upon default by exporter
Status: in_force

If an exporter defaults on the participating financial institution's loan because of a loss and that institution is excused from repaying the guaranteed funding, the Director is subrogated to the exporter's rights against the foreign customer for payment and to the participating financial institution's rights against the exporter to the extent of any payment received by the exporter which reduces his or her loss for which his or her payment to the participating financial institution has previously been excused.
Nev. Rev. Stat. § 350.0145 — NV Code / Title 30 / Chapter 350 / Section 350.0145
Notice and submission of statement of certain proposals to commission; procedure for approval or disapproval
Status: in_force

1. The governing body of the municipality proposing to incur general obligation debt, to enter an installment-purchase agreement with a term of more than 10 years or to levy a special elective tax and the board of trustees of a general improvement district whose population within its boundaries is less than 5,000 who proposes to issue a medium-term obligation or otherwise borrow money and issue any securities other than securities representing a general obligation debt or installment-purchase agreements with terms of 10 years or less shall notify the secretary of each appropriate commission, and shall submit a statement of its proposal in sufficient number of copies for each member of the commission. The secretary, with the approval of the chair, shall, within 10 days, give notice of a meeting, in the manner required by chapter 241 of NRS , to be held not more than 20 days thereafter. The secretary shall provide a copy of the proposal to each member with the notice of the meeting and mail notice of the meeting to the chief financial officer of each municipality in the county which has complied with subsection 1 of NRS 350.013 within the past year.

2. The commission may grant a conditional or provisional approval of such proposal. Such conditions or provisions are limited to: (a) The scheduling of: (1) The issuance and retirement of securities, if the proposal is to incur general obligation debt; or (2) The imposition of the tax, if the proposal is to levy a special elective tax; and (b) If the proposal would result in a combined property tax rate in any of the overlapping entities within the county which exceeds 90 percent of the limit provided in NRS 361.453 , a condition requiring a reduction in the amount of the proposed debt, installment-purchase agreement or special elective tax.

3. If the proposal is from a municipality, the commission may not approve any portion of the proposal that is not included in the statement filed pursuant to paragraph (b) of subsection 1 of NRS 350.013 , as updated pursuant to subsection 3 or 4 of NRS 350.013 .

4. The commission may adjourn a meeting called to consider a particular proposal no more than once, for no more than 60 days, except that the commission must approve or disapprove a proposal at least 30 days before the date on which the governing body that submitted the proposal is required to provide the proposal to the county clerk or city clerk pursuant to NRS 293.481 . Notification of the approval or disapproval of its proposal must be sent to the governing body within 3 days after the meeting.
Nev. Rev. Stat. § 349.071 — NV Code / Title 30 / Chapter 349 / Section 349.071
Powers of State Board of Finance
Status: in_force

1. The State Board of Finance may issue and redeem securities on behalf of the State, when such issue is authorized by law, in the manner provided by the State Securities Law.

2. The State Board of Finance constitutes the successor of the State Board of Examiners, the State General Obligation Bond Commission and any similar commission created before April 25, 1967.

3. In connection with any outstanding state securities issued on behalf of the State of Nevada by the State Board of Examiners, the State General Obligation Bond Commission or any such predecessor commission, the State Board of Finance may fund, refund and reissue such securities and may otherwise exercise on behalf of the State the supplemental powers provided in the State Securities Law.
Nev. Rev. Stat. § 350.579 — NV Code / Title 30 / Chapter 350 / Section 350.579
Emergency ordinances: Adoption; effective date
Status: in_force

1. Any ordinance pertaining to the sale, issuance or payment of bonds or other securities of the municipality (or any combination thereof) may be adopted as if an emergency existed.

2. The governing body's declaration, if any, in any ordinance that it is such an ordinance shall be conclusive in the absence of fraud or gross abuse of discretion.

3. Such an ordinance may become effective at any time when an emergency ordinance of the municipality may go into effect.

4. Such an ordinance may be adopted by an affirmative vote of not less than two-thirds of all the voting members of the governing body (excluding from any such computation any vacancy on the governing body and any member thereon who may vote only to break a tie vote).
Nev. Rev. Stat. § 349.901 — NV Code / Title 30 / Chapter 349 / Section 349.901
Definitions
Status: in_force

As used in NRS 349.900 to 349.929 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 349.902 to 349.909 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 349.344 — NV Code / Title 30 / Chapter 349 / Section 349.344
Proceeds of refunding bonds in escrow or trust: Investment; security; sufficient amount; purchaser not responsible for application of proceeds
Status: in_force

1. Any such escrow or trust shall not necessarily be limited to proceeds of refunding bonds but may include other moneys available for its purpose.

2. Any proceeds in escrow or trust, pending such use, may be invested or reinvested in federal securities, and in the case of an escrow or trust for the refunding of outstanding state special obligation (but not general obligation) securities, in other securities issued by the Federal Government if the resolution authorizing the issuance of such outstanding state securities or any trust indenture or other proceedings appertaining thereto expressly permits any such investment or reinvestment in such securities issued by the Federal Government other than federal securities.

3. Any trust bank accounting for federal securities and other securities issued by the Federal Government in such escrow or trust may place them for safekeeping wholly or in part in any trust bank or trust banks within or without or both within and without this state.

4. Any trust bank shall continuously secure any moneys placed in escrow or trust and not so invested or reinvested in federal securities and other securities issued by the Federal Government by a pledge in any trust bank or trust banks within or without or both within and without the State of federal securities in an amount at all times at least equal to the total uninvested amount of such moneys accounted for in such escrow or trust.

5. Such proceeds and investments in escrow or trust, together with any interest or other gain to be derived from any such investment, shall be in an amount at all times at least sufficient to pay principal, interest, any prior redemption premiums due, and any charges of the escrow agent or trustee and any other incidental expenses payable therefrom, except to the extent provision may have been previously otherwise made therefor, as such obligations become due at their respective maturities or due at designated prior redemption date or dates in connection with which the Commission has exercised or is obligated to exercise a prior redemption option on behalf of the State.

6. The computations made in determining such sufficiency shall be verified by a certified public accountant certified or licensed to practice in this state or in any other state.

7. Any purchaser of any refunding bond issued hereunder shall in no manner be responsible for the application of the proceeds thereof by the State, the Commission or any of the officers, agents or employees of the State.
Nev. Rev. Stat. § 350.204 — NV Code / Title 30 / Chapter 350 / Section 350.204
Merger of sinking and other debt service funds into single fund
Status: in_force

Such ordinance shall provide that upon the first day of the ensuing fiscal year, all sinking funds or other debt service funds however denominated which have been established by statute or pursuant to covenant for general obligation indebtedness shall be merged into a single fund.
Nev. Rev. Stat. § 350.632 — NV Code / Title 30 / Chapter 350 / Section 350.632
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 municipal securities shall be paid as the same become due in accordance with the terms of the securities and any ordinances and other proceedings appertaining to their issuance, without any warrant or further order or other preliminaries.
Nev. Rev. Stat. § 349.160 — NV Code / Title 30 / Chapter 349 / Section 349.160
“Commercial bank” defined
Status: in_force

“Commercial bank” means:

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

2. A credit union whose deposits are insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 672.755 .
Nev. Rev. Stat. § 349.425 — NV Code / Title 30 / Chapter 349 / Section 349.425
“Corporation for public benefit” defined
Status: in_force

“Corporation for public benefit” means a corporation that is:

1. Recognized as exempt pursuant to section 501(c)(3) of the Internal Revenue Code of 1986 , 26 U.S.C. § 501(c)(3) , future amendments to that section and the corresponding provisions of future internal revenue laws; or

2. Organized for a public or charitable purpose and which, upon dissolution, must distribute its assets to the United States, a state, or a person which is recognized as exempt pursuant to section 501(c)(3) of the Internal Revenue Code of 1986 , 26 U.S.C. § 501(c)(3) , future amendments to that section and the corresponding provisions of future internal revenue laws.
Nev. Rev. Stat. § 350.660 — NV Code / Title 30 / Chapter 350 / Section 350.660
Covenants and other provisions in municipal securities
Status: in_force

Any ordinance providing for the issuance of any bonds or other municipal securities hereunder payable from pledged revenues and any indenture or other instrument or proceedings appertaining thereto may at the discretion of the governing body contain covenants or other provisions, notwithstanding such covenants and provisions may limit the exercise of powers conferred hereby, in order to secure the payment of such securities, in agreement with the holders of such securities, including without limitation covenants or other provisions as to any one or more of the following:

1. The pledged revenues and, in the case of general obligations, the taxes to be fixed, charged or levied and the collection, use and disposition thereof, including but not limited to the foreclosure of liens for delinquencies, the discontinuance of services, facilities or use of any properties or facilities, prohibition against free service, the collection of penalties and collection costs, and the use and disposition of any moneys of the municipality, derived or to be derived, from any source herein designated;

2. The acquisition, improvement or equipment of all or any part of properties pertaining to any project or any facilities;

3. The creation and maintenance of reserves or sinking funds to secure the payment of the principal of and interest on any securities or of operation and maintenance expenses of any facilities, or part thereof, and the source, custody, security, regulation, use and disposition of any such reserves or funds, including but not limited to the powers and duties of any trustee with regard thereto;

4. A fair and reasonable payment by the municipality from its general fund or other available moneys to the account of any designated facilities for services rendered thereby to the municipality;

5. The payment of the cost of any project by delineating the purpose or purposes to which the proceeds of the sale of securities may be applied, and the custody, security, use, expenditure, application and disposition thereof;

6. The temporary investment and any reinvestment of proceeds of bonds, other securities, any taxes or pledged revenues, or any combination thereof, in federal securities and other securities issued by the Federal Government;

7. The pledge of and the creation of a lien upon pledged revenues or the proceeds of bonds or other municipal securities pending their application to defray the cost of any project, or both such revenues and proceeds of such securities, to secure the payment of bonds or other such securities issued hereunder;

8. The payment of the principal of and interest on any municipal securities, and any prior redemption premiums due in connection therewith, and the sources and methods thereof, the rank or priority of any securities as to any lien or security for payment, or the acceleration of any maturity of any securities, or the issuance of other or additional securities payable from or constituting a charge against or lien upon any pledged revenues or other moneys pledged for the payment of securities and the creation of future liens and encumbrances thereagainst;

9. The use, regulation, inspection, management, operation, maintenance or disposition, or any limitation or regulation of the use, of all or any part of the facilities or any property of the municipality appertaining thereto;

10. The determination or definition of pledged revenues from any facilities or of operation and maintenance expenses of facilities, the use and disposition of such revenues and the manner of and limitations upon paying such expenses;

11. The creation of special funds and accounts appertaining to any pledged revenues or to the bonds or other securities issued hereunder;

12. The insurance to be carried by the municipality or any other person in interest and use and disposition of insurance moneys, the acquisition of completion, performance, surety and fidelity bonds appertaining to any project or funds, or both, and the use and disposition of any proceeds of such bonds;

13. Books of account, the inspection and audit thereof, and other records appertaining to any project, facilities or pledged revenues;

14. The assumption or payment or discharge of any obligation, lien or other claim relating to any part of any project, any facilities or any securities having or which may have a lien on any part of any pledged revenues or other moneys of the municipality;

15. Limitations on the powers of the municipality to acquire or operate, or permit the acquisition or operation of, any structures, facilities or properties which may compete or tend to compete with any facilities;

16. The vesting in a corporate or other trustee or trustees of such property, rights, powers and duties in trust as the governing body may determine, which may include any or all of the rights, powers and duties of the trustee appointed by the holders of securities, and limiting or abrogating the right of such holders to appoint a trustee, or limiting the rights, duties and powers of such trustee;

17. Events of default, rights and liabilities arising therefrom, and the rights, liabilities, powers and duties arising upon the breach by the municipality of any covenants, conditions or obligations;

18. The terms and conditions upon which the holders of the municipal securities or any portion, percentage or amount of them may enforce any covenants or provisions made hereunder or duties imposed thereby;

19. The terms and conditions upon which the holders of the securities or of a specified portion, percentage or amount thereof; or any trustee therefor, shall be entitled to the appointment of a receiver, which receiver may enter and take possession of any facilities or service, operate and maintain the same, prescribe fees, rates and charges, and collect, receive and apply all revenues thereafter arising therefrom in the same manner as the municipality itself might do;

20. A procedure by which the terms of any ordinance authorizing securities, or any other contract with any holders of municipal securities, including but not limited to an indenture of trust or similar instrument, may be amended or abrogated, and as to the proportion, percentage or amount of securities the holders of which must consent thereto, and the manner in which such consent may be given;

21. The terms and conditions upon which any or all of the securities shall become or may be declared due before maturity, and as to the terms and conditions upon which such declaration and its consequences may be waived; and

22. All such acts and things as may be necessary or convenient or desirable in order to secure the securities, or in the discretion of the governing body tend to make the securities more marketable, notwithstanding that such covenant, act or thing may not be enumerated herein, it being the intention hereof to give the governing body power to do in the name and on behalf of the municipality all things in the issuance of municipal securities and for their security except as herein expressly limited.
Nev. Rev. Stat. § 350.708 — NV Code / Title 30 / Chapter 350 / Section 350.708
Conclusive determination of governing body that statutory limitations have been met
Status: in_force

The determination of the governing body that the limitations in the Local Government Securities Law imposed upon the issuance of bonds or upon the issuance of other securities hereunder, including without limitation any securities for funding or refunding securities, have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion regardless of whether the authorizing ordinance or the securities thereby authorized contain a recital as authorized by NRS 350.628 .
Nev. Rev. Stat. § 349.660 — NV Code / Title 30 / Chapter 349 / Section 349.660
Faith of State pledged against repeal, amendment or modification of NRS 349.400 to 349.670, inclusive
Status: repealed

The faith of the State is hereby pledged that NRS 349.400 to 349.670 , inclusive, will not be repealed, amended or modified to impair any outstanding bonds or any revenues pledged to their payment, or to impair, limit or alter the rights or powers vested in a city or county to acquire, finance, improve and equip a project in any way that would jeopardize the interest of any lessee, purchaser or other obligor, or to limit or alter the rights or powers vested in the Director to perform any agreement made with any lessee, purchaser or other obligor, until all bonds have been discharged in full or provisions for their payment and redemption have been fully made.
Nev. Rev. Stat. § 350.578 — NV Code / Title 30 / Chapter 350 / Section 350.578
Ordinance authorizing issuance of securities: Description of purposes
Status: in_force

The ordinance authorizing the issuance of any municipal securities hereunder shall describe the purpose or purposes for which they are issued at least in general terms and may describe any purpose in detail.
Nev. Rev. Stat. § 348.160 — NV Code / Title 30 / Chapter 348 / Section 348.160
“Official actions” defined
Status: in_force

“Official actions” means the actions by statute, order, ordinance, resolution, contract or other authorized means by which the official or official body provides for the issuance of a public security.
Nev. Rev. Stat. § 349.184 — NV Code / Title 30 / Chapter 349 / Section 349.184
“Improvement” and “improve” defined
Status: in_force

“Improvement” or “improve” includes the extension, widening, lengthening, betterment, alteration, reconstruction or other major improvement, or any combination thereof, of any properties pertaining to a project or an interest therein, but does not mean renovation, reconditioning, patching, general maintenance or other minor repair.
Nev. Rev. Stat. § 349.306 — NV Code / Title 30 / Chapter 349 / Section 349.306
Covenants and other provisions in state securities
Status: in_force

Any resolution providing for the issuance of any bonds or other state securities hereunder payable from pledged revenues and any indenture or other instrument or proceedings appertaining thereto may at the discretion of the Commission contain covenants or other provisions, notwithstanding such covenants and provisions may limit the exercise of powers conferred hereby, in order to secure the payment of such securities, in agreement with the holders of such securities, including without limitation covenants or other provisions as to any one or more of the following:

1. The pledged revenues and, in the case of general obligations, the taxes to be fixed, charged or levied and the collection, use and disposition thereof, including but not limited to the foreclosure of liens for delinquencies, the discontinuance of services, facilities or use of any properties or facilities, prohibition against free service, the collection of penalties and collection costs, and the use and disposition of any moneys of the State, derived or to be derived, from any source herein designated;

2. The acquisition, improvement or equipment of all or any part of properties pertaining to any project or any facilities;

3. The creation and maintenance of reserves or sinking funds to secure the payment of the principal of and interest on any securities or of operation and maintenance expenses of any facilities, or part thereof, and the source, custody, security, regulation, use and disposition of any such reserves or funds, including but not limited to the powers and duties of any trustee with regard thereto;

4. A fair and reasonable payment by the State from its General Fund or other available moneys to the account of any designated facilities for services rendered thereby to the State;

5. The payment of the cost of any project by delineating the purpose or purposes to which the proceeds of the sale of securities may be applied, and the custody, security, use, expenditure, application and disposition thereof;

6. The temporary investment and any reinvestment of proceeds of bonds, other securities, any taxes or pledged revenues, or any combination thereof, in federal securities and other securities issued by the Federal Government;

7. The pledge of and the creation of a lien upon pledged revenues or the proceeds of bonds or other state securities pending their application to defray the cost of any project, or both such revenues and proceeds of such securities, to secure the payment of bonds or other securities issued hereunder;

8. The payment of the principal of and interest on any securities, and any prior redemption premiums due in connection therewith, and the sources and methods thereof, the rank or priority of any securities as to any lien or security for payment, or the acceleration of any maturity of any securities, or the issuance of other or additional securities payable from or constituting a charge against or lien upon any pledged revenues or other moneys pledged for the payment of securities and the creation of future liens and encumbrances thereagainst;

9. The use, regulation, inspection, management, operation, maintenance or disposition, or any limitation or regulation of the use, of all or any part of the facilities or any property of the State appertaining thereto;

10. The determination or definition of pledged revenues from any facilities or of operation and maintenance expenses of facilities, the use and disposition of such revenues and the manner of and limitations upon paying such expenses;

11. The creation of special funds and accounts appertaining to any pledged revenues or to the bonds or other securities issued hereunder;

12. The insurance to be carried by the State or any other person in interest and use and disposition of insurance moneys, the acquisition of completion, performance, surety and fidelity bonds appertaining to any project or funds, or both, and the use and disposition of any proceeds of such bonds;

13. Books of account, the inspection and audit thereof, and other records appertaining to any project, facilities or pledged revenues;

14. The assumption or payment or discharge of any obligation, lien or other claim relating to any part of any project, any facilities or any securities having or which may have a lien on any part of any pledged revenues or other moneys of the state;

15. Limitations on the powers of the State to acquire or operate, or permit the acquisition or operation of, any structures, facilities or properties which may compete or tend to compete with any facilities;

16. The vesting in a corporate or other trustee or trustees of such property, rights, powers and duties in trust as the Commission may determine, which may include any or all of the rights, powers and duties of the trustee appointed by the holders of securities, and limiting or abrogating the right of such holders to appoint a trustee, or limiting the rights, duties and powers of such trustee;

17. Events of default, rights and liabilities arising therefrom, and the rights, liabilities, powers and duties arising upon the breach by the State of any covenants, conditions or obligations;

18. The terms and conditions upon which the holders of the securities or any portion, percentage or amount of them may enforce any covenants or provisions made hereunder or duties imposed thereby;

19. The terms and conditions upon which the holders of the securities or of a specified portion, percentage or amount thereof, or any trustee therefor, shall be entitled to the appointment of a receiver, which receiver may enter and take possession of any facilities or service, operate and maintain the same, prescribe fees, rates and charges, and collect, receive and apply all revenues thereafter arising therefrom in the same manner as the State itself might do;

20. A procedure by which the terms of any resolution authorizing securities, or any other contract with any holders of securities, including but not limited to an indenture of trust or similar instrument, may be amended or abrogated, and as to the proportion, percentage or amount of securities the holders of which must consent thereto, and the manner in which such consent may be given;

21. The terms and conditions upon which any or all of the securities shall become or may be declared due before maturity, and as to the terms and conditions upon which such declaration and its consequences may be waived; and

22. All such acts and things as may be necessary or convenient or desirable in order to secure the securities, or in the discretion of the Commission tend to make the securities more marketable, notwithstanding that such covenant, act or thing may not be enumerated herein, it being the intention hereof to give the Commission power to do in the name and on behalf of the State all things in the issuance of state securities and for their security except as herein expressly limited.
Nev. Rev. Stat. § 349.216 — NV Code / Title 30 / Chapter 349 / Section 349.216
Types of securities which may be issued; series
Status: in_force

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

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

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

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

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

5. Interim debentures, evidencing any short-term financing, construction loans, and other temporary loans of not exceeding 5 years, in supplementation of long-term financing and the issuance of bonds, as provided in NRS 349.318 to 349.328 , inclusive.
Nev. Rev. Stat. § 349.178 — NV Code / Title 30 / Chapter 349 / Section 349.178
“Gross revenues” and “gross pledged revenues” defined
Status: in_force

“Gross revenues” or “gross pledged revenues” means all pledged revenues received by the State and pledged wholly or in part for the payment of any state securities issued hereunder.
Nev. Rev. Stat. § 350.020 — NV Code / Title 30 / Chapter 350 / Section 350.020
Use of general obligation only for stated purpose; submission to electors of proposal to issue general obligations; restrictions on special elections; issuance of general obligations secured by pledge of revenues and issuance of special or medium-term obligations without election; issuance of certain general obligation bonds by board of trustees of school district
Status: reserved

1. A general obligation issued or incurred pursuant to this section must be used only for the stated purpose for which the general obligation was originally issued or incurred and not for any other purpose. Except as otherwise provided by subsections 3 and 4, if a municipality proposes to issue or incur general obligations, the proposal must be submitted to the electors of the municipality at a special election called for that purpose or the next general municipal election or general state election.

2. Such a special election may be held: (a) At any time, including, without limitation, on the date of a primary municipal election or a primary state election, if the governing body of the municipality determines, by a unanimous vote, that an emergency exists; or (b) On the second Tuesday after the first Monday in June of an odd-numbered year, whether or not the municipality also holds a general municipal election on that date, except that the governing body shall not determine that an emergency exists if the special election is for the purpose of submitting to the electors a proposal to refund bonds. The determination made by the governing body is conclusive unless it is shown that the governing body acted with fraud, a gross abuse of discretion or in violation of the provisions of this subsection. An action to challenge the determination made by the governing body must be commenced within 15 days after the governing body's determination is final. As used in this subsection, “ emergency ” means any occurrence or combination of occurrences which requires immediate action by the governing body of the municipality to prevent or mitigate a substantial financial loss to the municipality or to enable the governing body to provide an essential service to the residents of the municipality.

3. If payment of a general obligation of the municipality is additionally secured by a pledge of gross or net revenue of a project to be financed by its issue, and the governing body determines, by an affirmative vote of two-thirds of the members elected to the governing body, that the pledged revenue will at least equal the amount required in each year for the payment of interest and principal, without regard to any option reserved by the municipality for early redemption, the municipality may, after a public hearing, incur this general obligation without an election unless, within 90 days after publication of a resolution of intent to issue the bonds, a petition is presented to the governing body signed by not less than 5 percent of the registered voters of the municipality. Any member elected to the governing body whose authority to vote is limited by charter, statute or otherwise may vote on the determination required to be made by the governing body pursuant to this subsection. The determination by the governing body becomes conclusive on the last day for filing the petition. For the purpose of this subsection, the number of registered voters must be determined as of the close of registration for the last preceding general election. The resolution of intent need not be published in full, but the publication must include the amount of the obligation, the purpose for which it is to be incurred, the date by which the registered voters of the municipality must file a petition with the governing body to hold an election on the issuance of the obligation, the location at which the petition must be filed with the governing body and the location at which a person may obtain additional information regarding the contents of and filing requirements for the petition. Notice of the public hearing must be published at least three times, once each week for three consecutive weeks, in a newspaper of general circulation in the municipality. The third publication of the notice required by this subsection must be made at least 10 days before the date of the hearing. When published, the notice of the public hearing must be at least as large as 5 inches high by 4 inches wide.

4. The board of trustees of a school district may issue general obligation bonds which are not expected to result in an increase in the existing property tax levy for the payment of bonds of the school district without holding an election for each issuance of the bonds if the qualified electors approve a question submitted by the board of trustees that authorizes issuance of bonds for a period of 10 years after the date of approval by the voters. If the question is approved, the board of trustees of the school district may issue the bonds for a period of 10 years after the date of approval by the voters, after obtaining the approval of the debt management commission in the county in which the school district is located and, in a county whose population is 100,000 or more, the approval of the oversight panel for school facilities established pursuant to NRS 393.092 in that county, if the board of trustees of the school district finds that the existing tax for debt service will at least equal the amount required to pay the principal and interest on the outstanding general obligations of the school district and the general obligations proposed to be issued. The finding made by the board of trustees is conclusive in the absence of fraud or gross abuse of discretion. As used in this subsection, “general obligations” does not include medium-term obligations issued pursuant to NRS 350.087 to 350.095 , inclusive.

5. At the time of issuance of bonds authorized pursuant to subsection 4, the board of trustees shall establish a reserve account in its debt service fund for payment of the outstanding bonds of the school district. The reserve account must be established and maintained in an amount at least equal to the lesser of: (a) For a school district located in a county whose population is 100,000 or more, 25 percent; and (b) For a school district located in a county whose population is less than 100,000, 50 percent, of the amount of principal and interest payments due on all of the outstanding bonds of the school district in the next fiscal year or 10 percent of the outstanding principal amount of the outstanding bonds of the school district.

6. If the amount in the reserve account falls below the amount required by subsection 5: (a) The board of trustees shall not issue additional bonds pursuant to subsection 4 until the reserve account is restored to the level required by subsection 5; and (b) The board of trustees shall apply all of the taxes levied by the school district for payment of bonds of the school district that are not needed for payment of the principal and interest on bonds of the school district in the current fiscal year to restore the reserve account to the level required pursuant to subsection 5.

7. A question presented to the voters pursuant to subsection 4 may authorize all or a portion of the revenue generated by the debt rate which is in excess of the amount required: (a) For debt service in the current fiscal year; (b) For other purposes related to the bonds by the instrument pursuant to which the bonds were issued; and (c) To maintain the reserve account required pursuant to subsection 5, to be transferred to the county school district's fund for capital projects established pursuant to NRS 387.328 and used to pay the cost of capital projects which can lawfully be paid from that fund. Any such transfer must not limit the ability of the school district to issue bonds during the period of voter authorization if the findings and approvals required by subsection 4 are obtained.

8. A municipality may issue special or medium-term obligations without an election.
Nev. Rev. Stat. § 349.950 — NV Code / Title 30 / Chapter 349 / Section 349.950
Issuance of state securities or revenue bonds: Limitation on amount; payment; legislative declaration
Status: in_force

1. The Director may, to pay the cost of any water project, borrow money or otherwise become obligated, and may provide evidence of those obligations by issuing, except as otherwise provided in this subsection, state securities or revenue bonds. If the obligor is not a governmental entity, the Director shall issue only revenue bonds to fulfill the obligation.

2. Except as otherwise provided in this subsection, state obligations may be outstanding pursuant to this section in an aggregate principal amount of not more than $200,000,000. No state obligations, other than refunding obligations, may be issued pursuant to this section after August 1, 2003.

3. State securities must be payable from taxes and may be additionally secured by all or any designated revenues from one or more water projects. Any governmental entity statutorily authorized to levy taxes for the payment of bonded indebtedness may use the proceeds of those taxes to pay the principal of, interest on and redemption premiums due in connection with state securities issued pursuant to this section. Any such state securities may be issued without an election or other preliminaries. No state securities may be issued to refund any municipal securities issued to finance a water project before July 1, 1987.

4. Provisions of NRS 349.150 to 349.364 , inclusive, which are not inconsistent with the provisions of NRS 349.935 to 349.961 , inclusive, apply to the issuance of state securities under this section. Provisions of NRS 349.400 to 349.670 , inclusive, which are not inconsistent with the provisions of NRS 349.935 to 349.961 , inclusive, apply to the issuance of revenue bonds under this section.

5. The Legislature finds and declares that the issuance of state securities pursuant to NRS 349.935 to 349.961 , inclusive, is necessary for the protection and preservation of the natural resources of this state and for the purpose of obtaining the benefits thereof, and constitutes an exercise of the authority conferred by the second paragraph of Section 3 of Article 9 of the Constitution of the State of Nevada .
Nev. Rev. Stat. § 350.582 — NV Code / Title 30 / Chapter 350 / Section 350.582
Special obligations: Types of securities
Status: in_force

The municipality may issue as special obligations any of the following types of municipal 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, unless otherwise expressly provided in any act supplemental hereto, in anticipation of gross pledged revenues. Such special obligation municipal securities may be payable from, secured by a pledge of, and constitute a lien on net pledged revenues and if expressly so provided in any act supplemental hereto gross pledged revenues.
Nev. Rev. Stat. § 350.542 — NV Code / Title 30 / Chapter 350 / Section 350.542
“Operation and maintenance expenses” defined
Status: in_force

1. “Operation and maintenance expenses,” or any phrase of similar import, means all reasonable and necessary current expenses of the municipality, paid or accrued, of operating, maintaining and repairing the facilities or of levying, collecting and otherwise administrating any excise taxes pertaining to the pledged revenues for the payment of the bonds or other securities issued hereunder; and the term may include at the governing body's option (except as limited by contract or otherwise limited by law), without limiting the generality of the foregoing: (a) Engineering, auditing, reporting, legal and other overhead expenses of the various municipal departments directly related and reasonably allocable to the administration of the facilities; (b) Fidelity bond and property and liability insurance premiums appertaining to the facilities, or a reasonably allocable share of a premium of any blanket bond or policy pertaining to the facilities; (c) Payments to pension, retirement, health and hospitalization funds and other insurance; (d) Any taxes, assessments, excise taxes, or other charges which may be lawfully imposed on the municipality, any facilities, revenues therefrom, or any privilege in connection with any facilities or their operation; (e) The reasonable charges of any paying agent, or commercial bank, trust bank or other depositary bank appertaining to any securities issued by the municipality or appertaining to any facilities; (f) Contractual services, professional services, salaries, other administrative expenses, and costs of materials, supplies, repairs and labor, appertaining to the issuance of any municipal securities and to any facilities, including without limitation the expenses and compensation of any trustee, receiver or other fiduciary under the Local Government Securities Law; (g) The costs incurred by the governing body in the collection and any refunds of all or any part of the pledged revenues, including without limitation revenues appertaining to any facilities; (h) Any costs of utility services furnished to the facilities by the municipality or otherwise; (i) Any lawful refunds of any pledged revenues; and (j) All other administrative, general and commercial expenses.

2. The term “operation and maintenance expenses” does not include: (a) Any allowance for depreciation; (b) Any costs of improvements; (c) Any accumulation of reserves for major capital replacements (other than normal repairs); (d) Any reserves for operation, maintenance or repair of any facilities; (e) Any allowance for the redemption of any bond or other municipal security evidencing a loan or other obligation or for the payment of any interest thereon; (f) Any liabilities incurred in the acquisition or improvement of any properties comprising any project or of any existing facilities, or any combination thereof; and (g) Any other ground of legal liability not based on contract.
Nev. Rev. Stat. § 349.949 — NV Code / Title 30 / Chapter 349 / Section 349.949
Forms 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 30 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.

3. State securities must be authorized by resolution of the Board of Finance at the request of the Director.

4. As an incidental expense to any water project to be financed by the bonds, the Director may employ: (a) Financial and legal consultants in regard to the financing of the water project; and (b) A person whose business is in Nevada or elsewhere to act as a trustee for the water project.

5. The bonds are fully negotiable under the terms of the Uniform Commercial Code -- Investment Securities.
Nev. Rev. Stat. § 349.900 — NV Code / Title 30 / Chapter 349 / Section 349.900
Legislative declaration
Status: in_force

It is the intent of the Legislature to:

1. Promote in the broadest sense the economic diversification and safe growth of the economy of the State;

2. Provide an attractive opportunity for the investment of venture capital within the State;

3. Correct the serious shortage of venture capital available or dedicated to development of new enterprises within the State;

4. Ensure that the investment strategies pursued pursuant to NRS 349.900 to 349.929 , inclusive, emphasize enterprises in the early stages of development that exhibit the potential for high growth and the capability to use equity capital efficiently so that the ratio of its revenues will be relatively high in comparison to its capital; and

5. Ensure that the enterprises funded with the money developed for venture capital pursuant to NRS 349.900 to 349.929 , inclusive, are compatible with the plan of the State for economic diversification and development or for the marketing and development of tourism and any modifications thereto, and are of the type that will not cause significant injury to the environment of the State.
Nev. Rev. Stat. § 350.0045 — NV Code / Title 30 / Chapter 350 / Section 350.0045
“General obligation debt” defined
Status: in_force

“ General obligation debt ” means debt that is legally payable from general revenues, as a primary or secondary source of repayment, and is backed by the full faith and credit of a governmental entity, and if the governmental entity is authorized to levy taxes, by those taxes. The term includes, without limitation, debt represented by local government securities issued pursuant to this chapter and installment-purchase agreements described in subsection 1 of NRS 350.0055 . The term does not include, without limitation:

1. Installment-purchase agreements described in subsection 2 of NRS 350.0055 ;

2. Special obligations; and

3. Obligations with a term of less than 1 year that are payable in full from money appropriated for the same fiscal year in which the obligations are incurred.
Nev. Rev. Stat. § 349.910 — NV Code / Title 30 / Chapter 349 / Section 349.910
General powers of Director; promotion of funds for venture capital; liberal construction
Status: in_force

1. The Director has all the powers necessary to accomplish the purposes set forth in NRS 349.900 to 349.929 , inclusive, but these powers must be exercised for the health, safety, convenience, prosperity and welfare of the inhabitants of this state and for the economic diversification and development of the State and the marketing and development of tourism.

2. Within the limits of the financial resources available to the Director, and without issuing bonds, the Director may promote the establishment of any privately financed fund for venture capital designed to accomplish the legislative goals set forth in NRS 349.900 or to assist the Director in achieving the purposes of NRS 349.900 to 349.929 , inclusive. The State must not have a financial interest in the fund and must not be obligated to pay any money or assume any liability in connection with it.

3. The Legislature intends that NRS 349.900 to 349.929 , inclusive, be liberally construed in conformity with the purposes set forth in NRS 349.900 .
Nev. Rev. Stat. § 350.590 — NV Code / Title 30 / Chapter 350 / Section 350.590
Recitals required in municipal securities
Status: in_force

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

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

3. General obligation municipal securities the payment of which is additionally secured by a pledge of revenues shall recite in substance, in addition to the statements required by subsection 2 of this section, that the payment of the securities and the interest thereon is additionally secured by a pledge of the net revenues or the gross revenues, as the case may be, designated in the securities.
Nev. Rev. Stat. § 350.575 — NV Code / Title 30 / Chapter 350 / Section 350.575
Resolution to finance preservation or restoration of historic structure; approval of Executive Director of Department of Taxation; appeal to Nevada Tax Commission
Status: in_force

1. Upon the adoption of a resolution to finance the preservation or restoration of a historic structure, in the manner provided in NRS 350.087 , by a municipality, a certified copy thereof must be forwarded to the Executive Director of the Department of Taxation, accompanied by a letter from the Office of Historic Preservation of the State Department of Conservation and Natural Resources certifying that the preservation or restoration conforms to accepted standards for such work. As soon as is practicable, the Executive Director of the Department of Taxation shall, after consideration of the tax structure of the municipality concerned and the probable ability of the municipality to repay the requested financing, approve or disapprove the resolution in writing to the governing board. No such resolution is effective until approved by the Executive Director of the Department of Taxation. The written approval of the Executive Director of the Department of Taxation must be recorded in the minutes of the governing board.

2. If the Executive Director of the Department of Taxation does not approve the financing resolution, the governing board of the municipality may appeal the Executive Director's decision to the Nevada Tax Commission.

3. As used in this section, “ historic structure ” means a building, facility or other structure, including, without limitation, a landmark, which is eligible for listing in the State Register of Historic Places under NRS 383.085 .
Nev. Rev. Stat. § 349.956 — NV Code / Title 30 / Chapter 349 / Section 349.956
Exemption of water projects from requirements of other statutes; exception for statutes relating to employment of persons to work on construction projects
Status: in_force

A water project is not subject to any requirements relating to public buildings, structures, ground works or improvements imposed by the statutes of this state or any other similar requirements which may be lawfully waived by this section, and any requirement of competitive bidding or other restriction imposed on the procedure for award of contracts for such purpose or the lease, sale or other disposition of property is not applicable to any action taken pursuant to NRS 349.935 to 349.961 , inclusive, except that the provisions of NRS 338.013 to 338.090 , inclusive, apply to any contract for new construction, repair or reconstruction for which tentative approval for financing is granted on or after January 1, 1992, by the Director or a municipality for work to be done in a water project. The Director or municipality, the lessee, purchaser or other obligor, any contractor who is awarded a contract or enters into an agreement to perform the construction, repair or reconstruction for a water project, and any subcontractor who performs any portion of such construction, repair or reconstruction shall comply with the provisions of NRS 338.013 to 338.090 , inclusive, in the same manner as if a public body had undertaken the water project or had awarded the contract.
Nev. Rev. Stat. § 349.176 — NV Code / Title 30 / Chapter 349 / Section 349.176
“Governor” defined
Status: in_force

“Governor” means the de facto or de jure Governor of the State of Nevada, or his or her successor in functions, if any.
Nev. Rev. Stat. § 349.785 — NV Code / Title 30 / Chapter 349 / Section 349.785
Agreements excusing payment on guaranteed funding and loan to exporter; fee charged to exporter
Status: in_force

1. The Director shall agree that the participating financial institution is excused from the payment to the Director of the principal of or interest on the guaranteed funding to the extent of the exporter's nonpayment resulting from a loss.

2. The institution shall, as a condition of its loan to the exporter, agree that if the exporter incurs a loss, the exporter is excused from payment of the principal of or interest on the loan to the extent of the loss suffered by the exporter or of the amount which that institution is excused from paying to the Director, whichever is less.

3. The institution may charge the exporter a fee for the protection provided in subsection 2, but this fee must not exceed the fee charged by the Director for providing guaranteed funding to that institution.
Nev. Rev. Stat. § 349.765 — NV Code / Title 30 / Chapter 349 / Section 349.765
Guaranteed funding provided to participating financial institution: Limitation on amount; finding of Director of necessity for funding; term of and interest on loan to exporter
Status: in_force

1. The Director may provide guaranteed funding to a participating financial institution that is providing the financing for an eligible transaction, but the amount of this funding is limited to 90 percent of the principal of the loan made to the exporter. The exporter must insure or obtain a guarantee against nonpayment on the loan resulting from a loss. The maximum amount payable under any guarantee must be specifically set forth in a writing signed by the Director.

2. The Director shall not agree to provide guaranteed funding unless he or she finds that the guaranteed funding is reasonably necessary to stimulate or facilitate: (a) The making of a loan for an eligible transaction; or (b) The financing of an eligible transaction by a participating financial institution or other private source that is not otherwise able to finance it.

3. The money provided by the Director to the participating financial institution to guarantee the financing of an eligible transaction must be re-lent to the exporter by the participating financial institution for a term no shorter than and at a rate of interest no higher than that fixed by the Director, excluding any usual and customary fees and charges for lending and the fee provided for in subsection 3 of NRS 349.785 .

4. The Director may condition the allowance of guaranteed funding upon such other terms and conditions as he or she determines to be desirable.
Nev. Rev. Stat. § 349.196 — NV Code / Title 30 / Chapter 349 / Section 349.196
“Secretary” defined
Status: in_force

“Secretary” means the de facto or de jure Secretary of State of the State of Nevada, or his or her successor in functions, if any.
Nev. Rev. Stat. § 349.517 — NV Code / Title 30 / Chapter 349 / Section 349.517
“Renewable energy generation project” defined
Status: in_force

1. “ Renewable energy generation project ” means a project involving an electric generating facility or system that uses renewable energy as its primary source of energy to generate electricity.

2. The term does not include a project involving an electric generating facility or system that uses nuclear energy, in whole or in part, to generate electricity.
Nev. Rev. Stat. § 350.670 — NV Code / Title 30 / Chapter 350 / Section 350.670
Failure of holder to proceed does not relieve municipality, governing body and officers, agents and employees of municipality of liability for nonperformance of duties
Status: in_force

The failure of any holder of any municipal securities or any coupons appertaining thereto so to proceed as herein provided or in such proceedings shall not relieve the municipality, the governing body or any of the officers, agents and employees of the municipality of any liability for failure to perform or carry out any duty, obligation or other commitment.
Nev. Rev. Stat. § 349.242 — NV Code / Title 30 / Chapter 349 / Section 349.242
Payment from State General Fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of State General Fund
Status: in_force

Any sums coming due on any general obligation state securities at any time when there are not on hand from such tax levy or levies sufficient funds to pay the same shall be promptly paid when due from the General Fund of the State, reimbursement to be made to such General Fund in the sums thus advanced when the taxes herein provided for have been collected.
Nev. Rev. Stat. § 349.937 — NV Code / Title 30 / Chapter 349 / Section 349.937
“Cost of a water project” defined
Status: in_force

“Cost of a water project” means all or a designated part of the cost of any water project, including any incidental cost pertaining to the water project. The cost of a water 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 water project; and

7. Short-term financing,

and the expense of operation and maintenance of the water project.
Nev. Rev. Stat. § 348A.060 — NV Code / Title 30 / Chapter 348A / Section 348A.060
Private Activity Bond Council: Duties
Status: in_force

The Council shall:

1. Receive and consider the annual report concerning housing submitted by the Advisory Committee on Housing, created by NRS 319.174 ;

2. Advise the Governor, the State Board of Finance or the Director on the allocation of the state ceiling for the issuance of private activity bonds during any calendar year; and

3. Upon request, advise the Governor, the State Board of Finance or the Director on any other matter concerning private activity bonds.
Nev. Rev. Stat. § 349.020 — NV Code / Title 30 / Chapter 349 / Section 349.020
Ballots: Form
Status: in_force

1. The election officers of the State who are charged with the duty of providing for and conducting the election shall provide printed ballots for the use of the voters entitled to vote at the election. Any bond question may be submitted on the same ballot as otherwise used at the election, if any, or may be submitted by separate ballot, as the commission, board or other agency of the State ordering the submission of the bond question, if any, or otherwise the Secretary of State, may determine.

2. There shall be printed on all ballots: (a) Instructions respecting the manner of marking the ballots. (b) A statement of the proposal to be voted upon. No defect in the statement other than in the statement of the maximum amount of the bonds to be authorized shall invalidate the bonds.
Nev. Rev. Stat. § 349.328 — NV Code / Title 30 / Chapter 349 / Section 349.328
Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds
Status: in_force

1. For the purpose of funding any interim debentures, any bonds pledged as collateral security to secure the payment of such interim debentures, upon their surrender as pledged property, may be reissued without an election, and any bonds not previously issued but authorized to be issued, at an election in the case of general obligation bonds required by law so to be authorized, and otherwise merely by the Commission, for a purpose or purposes the same as or encompassing the purpose or purposes for which the interim debentures were issued, may be issued for such a funding.

2. Any such bonds shall mature at such time or times as the Commission may determine, except as otherwise provided in subsections 3 and 4 of NRS 349.276 .

3. Bonds for funding (including but not necessarily limited to any such reissued bonds) and bonds for any other purpose or purposes may be issued separately or issued in combination in one series or more.

4. Except as otherwise provided in NRS 349.322 to 349.328 , inclusive, any such funding bonds shall be issued as is provided herein for other bonds.
Nev. Rev. Stat. § 350A.150 — NV Code / Title 30 / Chapter 350A / Section 350A.150
Limitations and conditions on issuance of certain state securities; applicability of State Securities Law
Status: in_force

1. The Board may, at the request of the State Treasurer, to pay the cost of any lending project, borrow money or otherwise become obligated, and may provide evidence of those obligations by issuing state securities.

2. State securities issued to acquire municipal securities may be outstanding pursuant to this chapter in an aggregate principal amount of not more than $1.8 billion.

3. State securities issued to: (a) Acquire municipal securities must be payable from taxes and may be additionally secured by all or any designated revenues from one or more lending projects. (b) Acquire revenue securities must be payable from all or any designated revenues from one or more lending projects and from allocable local revenues payable to a municipality. Any such state securities may be issued without an election or other preliminaries. No state securities may be issued to refund any municipal securities issued before May 29, 1981.

4. No state securities may be issued to acquire revenue securities unless: (a) The State Treasurer presents to the State Board of Finance findings which indicate that the revenues and taxes pledged to the payment of the revenue securities are sufficient to repay the state securities; and (b) The State Board of Finance approves the findings.

5. Provisions of the State Securities Law which are not inconsistent with the provisions of this chapter apply to the issuance of state securities pursuant to this chapter.
Nev. Rev. Stat. § 350A.095 — NV Code / Title 30 / Chapter 350A / Section 350A.095
“Revenue securities” defined
Status: in_force

“Revenue securities” means notes, warrants, interim debentures, bonds and temporary bonds validly issued by a municipality as obligations for a purpose related to any undertaking which the municipality is authorized to complete and which are payable from:

1. The revenues of one or more such undertakings;

2. Taxes levied by or on behalf of the municipality for revenues pledged by the municipality which are not derived from a project; or

3. Any combination of those revenues and taxes.

The term does not include municipal securities or obligations issued pursuant to the provisions of NRS 244A.669 to 244A.763 , inclusive, 268.512 to 268.568 , inclusive, or 315.140 to 315.7813 , inclusive.
Nev. Rev. Stat. § 350.636 — NV Code / Title 30 / Chapter 350 / Section 350.636
Execution, signing and authentication of municipal securities and coupons
Status: in_force

Bonds and other municipal securities issued hereunder shall be executed in the name of the municipality, shall be signed by the chair of the municipality and by the treasurer, and shall be attested by the clerk; and the bonds or other securities shall be authenticated by the seal of the municipality affixed thereto, unless it has no seal. Any coupons shall be signed by the treasurer. Facsimile signatures may be used on any coupons.
Nev. Rev. Stat. § 350.576 — NV Code / Title 30 / Chapter 350 / Section 350.576
Temporary bonds: Conditions, terms and provisions; holder's rights and remedies
Status: in_force

Each temporary bond shall set forth substantially the same conditions, terms and provisions as the definitive bond for which it is exchanged. Each holder of a temporary bond shall have all the rights and remedies which he or she would have as a holder of the definitive bond for which the temporary bond is to be exchanged.
Nev. Rev. Stat. § 349.340 — NV Code / Title 30 / Chapter 349 / Section 349.340
Conditions for refunding bonds
Status: in_force

1. No bonds may be refunded hereunder 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 in any event in the case of any bonds constituting a debt in contravention of any state constitutional debt limitation, nor may any interest on any bond refunded be increased to any rate exceeding the limit provided in NRS 349.076 ; but any general obligation bonds funding or refunding any securities which constitute a debt and are subject to the limitations stated in the first paragraph of Section 3 of Article 9 of the Constitution of this state, must mature within 20 years from the effective date of the act authorizing the issuance of the securities so funded or refunded thereby, or within 20 years from the date or earliest date of such securities, as the case may be, whichever limitation is shorter.

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 state debt limitation in the State Constitution pertaining thereto.

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.
Nev. Rev. Stat. § 350.664 — NV Code / Title 30 / Chapter 350 / Section 350.664
Rights and powers of holders of municipal securities and trustees
Status: in_force

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

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

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

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

4. By action or suit in equity to enjoin any acts or things which may be unlawful or in violation of the rights of the holder of any securities and to bring suit thereupon.
Nev. Rev. Stat. § 349.750 — NV Code / Title 30 / Chapter 349 / Section 349.750
Director: Administration of provisions; powers; biennial report to State Board of Finance and Legislative Commission
Status: in_force

1. The Director shall administer the provisions of NRS 349.700 to 349.870 , inclusive. The Director may: (a) Employ or contract for the services of attorneys, accountants, financial experts, and other advisers, employees, consultants and agents as the Director determines to be necessary. (b) Enter into any agreement or other transaction with, or accept any grant from and cooperate with any governmental entity or other source in furtherance of the purposes of NRS 349.700 to 349.870 , inclusive. (c) Within the financial resources made available to the Director in administering the program: (1) Create or cause to be created any nonprofit corporation, pursuant to chapter 82 of NRS, which the Director determines is necessary or convenient for the furtherance of the purposes of NRS 349.700 to 349.870 , inclusive. The purposes, powers and operation of the corporation must be consistent with the purposes of NRS 349.700 to 349.870 , inclusive. (2) Promote and assist the creation of any corporate entity formed under the general corporation laws of this or any other state or nation for the purpose of qualifying as a shared foreign sales corporation or other similar entity pursuant to 26 U.S.C. §§ 922 to 927 , inclusive. The State must not have any financial interest in such a corporation.

2. If revenue bonds have been issued pursuant to NRS 349.825 , the Director shall, before September of each even-numbered year, submit a report of the operations of the Department of Business and Industry in connection with this program for the biennium ending June 30 of that year to the State Board of Finance and the Legislative Commission. This report must include a complete statement of the income, expenses, assets and liabilities of the program.
Nev. Rev. Stat. § 350.596 — NV Code / Title 30 / Chapter 350 / Section 350.596
Payment from general fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of general fund
Status: in_force

Any sums coming due on any general obligation municipal securities at any time when there are not on hand from such tax levy or levies sufficient funds to pay the same shall be promptly paid when due from the general fund of the municipality, reimbursement to be made to such general fund in the sums thus advanced when the taxes herein provided for have been collected.
Nev. Rev. Stat. § 349.500 — NV Code / Title 30 / Chapter 349 / Section 349.500
“Obligor” defined
Status: in_force

“Obligor” means the natural person, partnership, firm, company, corporation (including a public utility), association, trust, estate, political subdivision, state agency or any other legal entity, or its legal representative, agent or assigns, who agrees to make the payments required by the financing agreement.
Nev. Rev. Stat. § 350.630 — NV Code / Title 30 / Chapter 350 / Section 350.630
Denomination, negotiability and maturity of municipal securities; rate of interest
Status: in_force

1. As the governing body may determine, any bonds and other municipal securities issued hereunder, except as otherwise provided in the Local Government Securities Law, or in any act supplemental thereto, must: (a) Be of a convenient denomination or denominations; (b) Be fully negotiable within the meaning of and for all the purposes of the Uniform Commercial Code--Investment Securities; (c) Mature at such time or serially at such times in regular numerical order at annual or other designated intervals in amounts designated and fixed by the governing body, except as herein otherwise provided; (d) Bear interest at a rate or rates which do not exceed the limit provided in NRS 350.2011 , payable annually, semiannually or at other designated intervals, but the first interest payment date may be for interest accruing for any other period; (e) Be made payable in lawful money of the United States, at the office of the treasurer or any commercial bank or commercial banks within or without or both within and without the State as may be provided by the governing body; and (f) Be printed at such a place, within or without this State, as the governing body may determine.

2. Except as otherwise provided in subsection 3, general obligation bonds must mature within 30 years from their respective dates and, if they mature serially, commencing not later than the fifth year thereafter, in such manner as the governing body may determine.

3. General obligation bonds issued for a water facility or wastewater facility must mature within 40 years from their respective dates and, if they mature serially, commencing not later than the 15th year thereafter, in such manner as the governing body may determine.

4. Special obligation bonds must mature within 50 years from their respective dates.

5. As used in this section: (a) “Wastewater facility” has the meaning ascribed to it in NRS 377B.030 . (b) “Water facility” has the meaning ascribed to it in NRS 377B.050 .
Nev. Rev. Stat. § 350.820 — NV Code / Title 30 / Chapter 350 / Section 350.820
Agreements for exchange of interest rates
Status: in_force

1. A municipality that has issued or proposes to issue municipal securities in the amount of $10,000,000 or more may enter into an agreement for an exchange of interest rates as provided in this section if it finds that such an agreement would be in the best interests of the municipality.

2. A municipality may enter into an agreement to exchange interest rates only if: (a) The long-term debt obligations of the person with whom the municipality 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 municipality enters the agreement are either: (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 municipality or an agent of the municipality 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 100 percent of the principal amount upon which the exchange of interest rates is based.

3. A municipality may agree, with respect to securities that the municipality 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 municipal 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 municipality may agree, with respect to securities that the municipality 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 municipal 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 municipal 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 municipality for the purposes of any limitation upon the indebtedness of the municipality or any requirement for an election with regard to the issuance of securities that is applicable to the municipality.

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

8. A municipality 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 municipal securities; (b) Statutory requirements concerning revenue coverage that are applicable to municipal securities; (c) Tax levies to pay debt service on municipal securities; and (d) Any other amounts which are based upon the rate of interest of municipal securities.

9. Subject to covenants applicable to the securities, any payments required to be made by the municipality 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. § 349.080 — NV Code / Title 30 / Chapter 349 / Section 349.080
Purpose of NRS 349.080 to 349.140, inclusive
Status: in_force

The purpose of NRS 349.080 to 349.140 , inclusive, is declared to be for the aid of, and not in limitation of, any act existing on March 28, 1939, or which may be enacted after March 28, 1939, providing for the payment of bonds and interest thereon which may have been or may be issued pursuant to any act of the Legislature of the State of Nevada or for any other purpose authorized by the Legislature.
Nev. Rev. Stat. § 349.192 — NV Code / Title 30 / Chapter 349 / Section 349.192
“Pledged revenues” defined
Status: in_force

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

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

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

3. May so include the proceeds of any excise taxes levied and collected by the State and authorized by law (other than the State Securities Law) to be pledged for the payment of state securities issued in accordance with the provisions of the State Securities Law, but excluding the proceeds of any taxes as defined in NRS 349.204 .
Nev. Rev. Stat. § 349.958 — NV Code / Title 30 / Chapter 349 / Section 349.958
Board for Financing Water Projects: Compensation of members
Status: in_force

1. Each voting member of the Board is entitled to receive a salary of not more than $80 per day, as fixed by the Board, for his or her services while actually engaged in the performance of his or her duties as a member of the Board.

2. While engaged in the business of the Board, each voting member and employee of the Board is entitled to receive the per diem allowance and travel expenses provided for state officers and employees generally.
Nev. Rev. Stat. § 350.510 — NV Code / Title 30 / Chapter 350 / Section 350.510
“Clerk” defined
Status: in_force

“Clerk” means the de facto or de jure county clerk, city clerk, town clerk, clerk of the board of trustees of the school district, secretary or clerk of the board of directors of any other type district, or other officer of the municipality who is the custodian of any seal of the municipality and of the records of the proceedings of the municipality's governing body, or his or her successor in functions, if any.
Nev. Rev. Stat. § 349.212 — NV Code / Title 30 / Chapter 349 / Section 349.212
Powers of State in connection with projects
Status: in_force

In connection with any project, the State, acting by and through the Commission, except as herein otherwise provided, may:

1. Sue and be sued;

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

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

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

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

6. Accept grants of money or materials or property of any kind from the Federal Government, the State, any agency or political subdivision thereof, or any person, upon such terms and conditions as the Federal Government, the State or such agency or political subdivision or person may impose.
Nev. Rev. Stat. § 350.682 — NV Code / Title 30 / Chapter 350 / Section 350.682
Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds
Status: in_force

1. For the purpose of funding any interim debentures, any bonds pledged as collateral security to secure the payment of such interim debentures, upon their surrender as pledged property, may be reissued without an election, and any bonds not previously issued but authorized to be issued, at an election in the case of bonds required by law so to be authorized, and otherwise merely by the governing body, for a purpose or purposes the same as or encompassing the purpose or purposes for which the interim debentures were issued, may be issued for such a funding.

2. Any such bonds shall 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. Bonds for funding, including but not necessarily limited to any such reissued bonds, and bonds for any other purpose or purposes may be issued separately or issued in combination in one series or more.

4. Except as herein otherwise provided in this section and in NRS 350.676 , 350.678 and 350.680 , any such funding bonds shall be issued as is provided herein for other bonds.
Nev. Rev. Stat. § 349.805 — NV Code / Title 30 / Chapter 349 / Section 349.805
Advisory Committee on Financing Exports: Meetings; quorum; officers; rules; compensation and expenses
Status: in_force

1. If the Advisory Committee on Financing Exports is created, it shall meet when requested by the Director and at such other times as its Chair may designate.

2. A majority of the members of the Committee constitutes a quorum.

3. The members of the Committee shall elect a Chair and a Secretary.

4. The Committee shall adopt rules for its own management.

5. Each member of the Committee is entitled to receive a salary of $60 for each day's attendance at a meeting of the Committee.
Nev. Rev. Stat. § 349.220 — NV Code / Title 30 / Chapter 349 / Section 349.220
Temporary bonds: Conditions, terms and provisions; rights and remedies of holder
Status: in_force

Each temporary bond shall set forth substantially the same conditions, terms and provisions as the definitive bond for which it is exchanged. Each holder of a temporary bond shall have all the rights and remedies which he or she would have as a holder of the definitive bond for which the temporary bond is to be exchanged.
Nev. Rev. Stat. § 349.987 — NV Code / Title 30 / Chapter 349 / Section 349.987
Applicability of State Securities Law and certain provisions governing financing of water projects
Status: in_force

1. The provisions of NRS 349.150 to 349.364 , inclusive, which are not inconsistent with the provisions of NRS 349.980 to 349.987 , inclusive, apply to the bonds issued pursuant to NRS 349.986 .

2. The provisions of NRS 349.935 to 349.956 , inclusive, and 349.961 do not apply to the program or to any grants made or bonds issued pursuant to NRS 349.986 .
Nev. Rev. Stat. § 349.330 — NV Code / Title 30 / Chapter 349 / Section 349.330
Refunding of general and special obligation bonds: Resolution; trust indenture
Status: in_force

Subject to the provisions of NRS 349.320 , any general obligation bonds or special obligation bonds of the State issued in accordance with the provisions of the State Securities Law or any other act and payable from any pledged revenues and any general obligation bonds of the State so issued but not payable from pledged revenues may be refunded on behalf of the State by the Commission authorizing the issuance of the refunded bonds, without the necessity of the refunding bonds being authorized at an election except as otherwise provided in NRS 349.320 , by the adoption of a resolution or resolutions by the Commission 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 state debt in excess of the State's debt limitation in the State Constitution;

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;

4. For any combination of the purposes stated in subsections 1, 2 and 3.
Nev. Rev. Stat. § 349.186 — NV Code / Title 30 / Chapter 349 / Section 349.186
“Net revenues” and “net pledged revenues” defined
Status: in_force

“Net revenues” or “net pledged revenues” means “gross revenues,” after the deduction of operation and maintenance expenses.
Nev. Rev. Stat. § 350.606 — NV Code / Title 30 / Chapter 350 / Section 350.606
Recourse against officers and agents of municipality: Acceptance of securities constitutes waiver and release
Status: in_force

No recourse shall be had for the payment of the principal of, any interest on, and any prior redemption premiums due in connection with any bonds or other municipal securities or for any claim based thereon or otherwise upon the ordinance authorizing their issuance or other instrument appertaining thereto, against any individual member of the governing body or any officer or other agent of the municipality, past, present or future, either directly or indirectly through the governing body or the municipality, or otherwise, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any penalty or otherwise, all such liability, if any, being by the acceptance of the securities and as a part of the consideration of their issuance specially waived and released.
Nev. Rev. Stat. § 349.820 — NV Code / Title 30 / Chapter 349 / Section 349.820
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 him or her pursuant to the program or for any damage or injury resulting from the performance of his or her duties.
Nev. Rev. Stat. § 349.936 — NV Code / Title 30 / Chapter 349 / Section 349.936
“Board” defined
Status: in_force

“Board” means the Board for Financing Water Projects.
Nev. Rev. Stat. § 349.630 — NV Code / Title 30 / Chapter 349 / Section 349.630
Regulations
Status: in_force

The Director shall adopt regulations to carry out the provisions of NRS 349.400 to 349.670 , inclusive, including, without limitation, regulations for:

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

2. Receiving, holding and disbursing of proceeds of the sale of bonds by one or more banks, credit unions or trust companies located within or out of this state.
Nev. Rev. Stat. § 350.0125 — NV Code / Title 30 / Chapter 350 / Section 350.0125
Technical assistance provided by Department of Taxation or board of county commissioners to carry out duties of commission
Status: in_force

1. The commission in a county whose population is less than 52,000 may request technical assistance from the Department of Taxation to carry out the duties of the commission. Upon such a request, the Department of Taxation shall provide to that commission such technical assistance to the extent that resources are available.

2. The board of county commissioners of a county whose population is 52,000 or more shall provide the commission in that county with such staff as is necessary to carry out the duties of the commission. The staff provided to the commission pursuant to this subsection shall provide such technical assistance to the commission as the commission requires, except the staff shall not render an opinion on the merits of any proposal or other matter before the commission.
Nev. Rev. Stat. § 349.1695 — NV Code / Title 30 / Chapter 349 / Section 349.1695
“Equip” and “equipment” defined
Status: in_force

“Equip” or “equipment” means the furnishing of all related or appurtenant machinery, furnishings, apparatus, paraphernalia, and other gear, or any combination thereof, pertaining to any project or other property, or any interest therein.
Nev. Rev. Stat. § 350.698 — NV Code / Title 30 / Chapter 350 / Section 350.698
Proceeds of refunding bonds in escrow or trust: Investment; security; sufficient amount; purchaser not responsible for application of proceeds
Status: in_force

1. Any such escrow or trust shall not necessarily be limited to proceeds of refunding bonds but may include other moneys available for its purpose.

2. Any proceeds in escrow or trust, pending such use, may be invested or reinvested in federal securities, and in the case of an escrow or trust for the refunding of outstanding municipal special obligation (but not general obligation) securities, in other securities issued by the Federal Government, if the ordinance authorizing the issuance of such outstanding municipal securities or any trust indenture or other proceedings appertaining thereto expressly permits any such investment or reinvestment in such securities issued by the Federal Government other than federal securities.

3. Any trust bank accounting for federal securities and other securities issued by the Federal Government in such escrow or trust may place them for safekeeping wholly or in part in any trust bank or trust banks within or without or both within and without this state.

4. Any trust bank shall continuously secure any moneys placed in escrow or trust and not so invested or reinvested in federal securities and other securities issued by the Federal Government by a pledge in any trust bank or trust banks within or without or both within and without the state of federal securities in an amount at all times at least equal to the total uninvested amount of such moneys accounted for in such escrow or trust.

5. Such proceeds and investments in escrow or trust, together with any interest or other gain to be derived from any such investment, shall be in an amount at all times at least sufficient to pay principal, interest, any prior redemption premiums due, and any charges of the escrow agent or trustee and any other incidental expenses payable therefrom, except to the extent provision may have been previously otherwise made therefor, as such obligations become due at their respective maturities or due at designated prior redemption date or dates in connection with which the governing body has exercised or is obligated to exercise a prior redemption option on behalf of the municipality.

6. The computations made in determining such sufficiency shall be verified by a certified public accountant certified or licensed to practice in this state or in any other state.

7. Any purchaser of any refunding bond issued hereunder shall in no manner be responsible for the application of the proceeds thereof by the municipality, the governing body or any of the officers, agents or employees of the municipality.
Nev. Rev. Stat. § 350.2012 — NV Code / Title 30 / Chapter 350 / Section 350.2012
Discounts
Status: in_force

Except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, securities issued by a political subdivision of this state may be sold at par, above par or below par at a discount of not more than 9 percent of the principal amount, but the effective interest rate must not exceed the limit provided in NRS 350.2011 .
Nev. Rev. Stat. § 350A.055 — NV Code / Title 30 / Chapter 350A / Section 350A.055
“Flood management authority” defined
Status: in_force

“ Flood management authority ” means any entity that is created by cooperative agreement pursuant to chapter 277 of NRS , the functions of which include the acquisition, construction, improvement, operation and maintenance of a flood management project.
Nev. Rev. Stat. § 349.620 — NV Code / Title 30 / Chapter 349 / Section 349.620
Security
Status: in_force

1. The principal of, the interest on and any prior redemption premiums due in connection with the bonds issued pursuant to NRS 349.400 to 349.670 , inclusive, are payable from, secured by a pledge of, and constitute a lien on the revenues out of which the bonds have been made payable. In addition, they may, in the discretion of the Director, be secured by: (a) A mortgage or mortgages covering all or part of any project financed with the proceeds of the bonds, or upon any other property of the lessees, purchasers or obligors of those projects, or by a pledge of the lease, the agreement of sale or the financing agreement with respect to one or more of the projects, or both. (b) A pledge of one or more notes, debentures, bonds or other secured or unsecured debt obligations of the obligor of one or more of the projects. (c) The proceeds of the bonds and income from investment of the proceeds and of revenues.

2. The State, a city or a county may pledge only the property of the project or the revenues therefrom.
Nev. Rev. Stat. § 349.907 — NV Code / Title 30 / Chapter 349 / Section 349.907
“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 the financing or of the collection and administration of revenues from the financing, and includes, but is not limited to:

1. Expenses for engineering, auditing, reporting or legal services and any other expense incurred by the Director which are directly related to the administration of the financing;

2. Premiums for fidelity bonds and policies of property and liability insurance pertaining to the financing;

3. Premiums for blanket bonds and policies, or any portion thereof, which may be reasonably allocated to the State;

4. Payments to pension, retirement and health insurance and other insurance funds;

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

6. Salaries or fees paid pursuant to any contract for professional services;

7. Cost of materials, supplies and labor pertaining to the issuance of any bonds, including the expenses of any trustee, receiver or other fiduciary; and

8. Costs incurred in the collection and any refund of revenues pursuant to the financing.
Nev. Rev. Stat. § 349.270 — NV Code / Title 30 / Chapter 349 / Section 349.270
Securities sold publicly to be sold to responsible bidder making best bid; equal bids
Status: in_force

1. If securities are sold publicly and subject to the right of the Commission to reject any and all bids, the securities must be sold to the responsible bidder making the best bid.

2. If there are two or more equal bids for the securities and such equal bids are the best bids received and not less than the principal amount of the securities and accrued interest, except for any permitted discount, the Commission shall determine which bid must be accepted.
Nev. Rev. Stat. § 350.070 — NV Code / Title 30 / Chapter 350 / Section 350.070
Approval or disapproval by electors of proposal to issue general obligations: Procedure; validity of result
Status: in_force

1. If a majority of the electors voting on the question is in favor of the proposal submitted, the proposal is carried, and the proper officers of the municipality shall proceed to issue or incur the obligations proposed.

2. If the majority of the electors voting on the question is against the proposal submitted, the proposal fails, and the proper officers of the municipality shall proceed no further except to certify the result of the election to the proper officers of the governing body.

3. Except as otherwise specifically provided in NRS 350.030 , any informality, omission or defect in the giving of any notice or the conduct of the election does not affect the result of the election if it can be ascertained with reasonable certainty whether the proposal was approved or rejected by a majority of the registered voters voting on the question.
Nev. Rev. Stat. § 349.236 — NV Code / Title 30 / Chapter 349 / Section 349.236
Payment of principal of and interest on general obligation bonds from Consolidated Bond Interest and Redemption Fund
Status: in_force

Payment of the principal of and the interest on general obligation bonds shall be made from the Consolidated Bond Interest and Redemption Fund of the State of Nevada, under the provisions of NRS 349.080 to 349.140 , inclusive, except as herein otherwise provided.
Nev. Rev. Stat. § 349.162 — NV Code / Title 30 / Chapter 349 / Section 349.162
“Commission” defined
Status: in_force

“Commission” means the State Board of Finance, any State General Obligation Bond Commission or any other commission, board or other agency of the State which is authorized by law to issue bonds or other securities in the name and on behalf of the State in accordance with the provisions of the State Securities Law, and means any such successor agency of this state.
Nev. Rev. Stat. § 350.0201 — NV Code / Title 30 / Chapter 350 / Section 350.0201
First additional 10-year period for issuance of certain general obligation bonds by board of trustees of school district
Status: in_force

If the voters approved a question that was submitted by a board of trustees of a school district in accordance with subsection 4 of NRS 350.020 for authorization to issue general obligation bonds, regardless of whether such approval occurred more than 10 years before March 4, 2015:

1. Such approval shall be deemed to constitute approval of the qualified electors for the issuance of general obligation bonds by the board of trustees of the school district pursuant to subsection 4 of NRS 350.020 for a period of 10 years commencing on March 4, 2015, if the question was approved by the voters more than 10 years before March 4, 2015, or otherwise commencing on the date of the expiration of the 10-year period approved by the voters in the question, and no other approval of the qualified electors is required for such issuance of general obligation bonds pursuant to the provisions of NRS 350.020 by the board of trustees of the school district for that period.

2. During the 10-year period in which a board of trustees is authorized to issue bonds as provided in subsection 1, all or a portion of the revenue generated by the school district's property tax for debt service which is in excess of the amount required: (a) For debt service in the current fiscal year; (b) For other purposes related to the bonds by the instrument pursuant to which the bonds were issued; and (c) To maintain the reserve account required pursuant to subsection 5 of NRS 350.020 ,

may be transferred by the board of trustees to the school district's fund for capital projects established pursuant to NRS 387.328 and used to pay the cost of capital projects which can lawfully be paid from that fund. Any such transfer must not limit the ability of the school district to issue bonds if the findings and approvals required by subsection 4 of NRS 350.020 are obtained.
Nev. Rev. Stat. § 350.0015 — NV Code / Title 30 / Chapter 350 / Section 350.0015
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 350.0045 to 350.0075 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 349.580 — NV Code / Title 30 / Chapter 349 / Section 349.580
Prerequisites to financing project: Findings of Director
Status: in_force

Except as otherwise provided in NRS 349.595 and 349.640 , the Director shall not finance a project unless, before financing:

1. The Director finds that: (a) The project to be financed has been approved for financing pursuant to the requirements of NRS 244A.669 to 244A.763 , inclusive, or 268.512 to 268.568 , inclusive; and (b) There has been a request by a city or county to have the Director issue bonds to finance the project; or

2. The Director finds and both the Board and the governing body of the city or county where the project is to be located approve the findings of the Director that: (a) The project consists of any land, building or other improvement and all real and personal properties necessary in connection therewith, excluding inventories, raw materials and working capital, whether or not in existence, which is suitable for new construction, improvement, preservation, restoration, rehabilitation or redevelopment: (1) For manufacturing, industrial, warehousing, civic, cultural or other commercial enterprises, educational institutions, corporations for public benefit or organizations for research and development; (2) For a health and care facility or a supplemental facility for a health and care facility; (3) Of real or personal property appropriate for addition to a hotel, motel, apartment building, casino or office building to protect it or its occupants from fire; (4) Of a historic structure; or (5) For a renewable energy generation project; (b) The project will provide a public benefit; (c) The contemplated lessee, purchaser or other obligor has sufficient financial resources to place the project in operation and to continue its operation, meeting the obligations of the lease, purchase contract or financing agreement; (d) There are sufficient safeguards to assure that all money provided by the Department will be expended solely for the purposes of the project; (e) The project would be compatible with existing facilities in the area adjacent to the location of the project; (f) Through the advice of counsel or other reliable source, the project has received all approvals by the local, state and federal governments which may be necessary to proceed with construction, improvement, rehabilitation or redevelopment of the project; and (g) There has been a request by a city, county, lessee, purchaser, other obligor or other enterprise to have the Director issue revenue bonds for industrial development to finance the project.
Nev. Rev. Stat. § 350.810 — NV Code / Title 30 / Chapter 350 / Section 350.810
Purchase of municipal obligations by financial adviser of municipality limited
Status: in_force

1. Except as permitted by this section, no person who for compensation advises a municipality concerning the acquisition of a project to be financed in whole or in part by issuing general or special obligations of the municipality, or concerning the issuance or sale of those obligations, may purchase any of them from the municipality. This subsection does not prohibit: (a) One who performs work or furnishes property for the project from accepting municipal obligations in payment for his or her work or property. (b) An adviser from purchasing municipal obligations at a public sale if such a purchase is authorized by prior written agreement. (c) An adviser from purchasing municipal obligations at a private sale if he or she has: (1) Terminated his or her status as adviser in writing and at or after this termination the municipality has consented in writing to the purchase; and (2) Disclosed in writing to the municipality at or before this termination the possibility of a conflict of interest on his or her part and the source and anticipated amount of all his or her remuneration, in addition to his or her compensation as adviser, with respect to the obligations to be sold, and the municipality has acknowledged in writing the receipt of these disclosures.

2. If municipal obligations are to be issued to refund others already outstanding, no person may accept any compensation for advice unless the compensation is fixed in advance, but such a person may purchase the refunding obligations.
Nev. Rev. Stat. § 349.475 — NV Code / Title 30 / Chapter 349 / Section 349.475
“Fuel cell” defined
Status: in_force

“ Fuel cell ” means a device or contrivance that, through the chemical process of combining ions of hydrogen and oxygen, produces electricity and water.
Nev. Rev. Stat. § 349.322 — NV Code / Title 30 / Chapter 349 / Section 349.322
Interim debentures: Maturity; uses of proceeds; issuance
Status: in_force

1. Any interim debentures may mature at such time or times not exceeding a period of time equal to the estimated time needed to effect the purpose or purposes for which they are issued or for which the bonds are authorized to be issued, but not exceeding 5 years from the date of the interim debentures, or in the case of interim debentures in the form of a line of credit agreement, not exceeding 3 years from the first date on which a draw is made under the line of credit agreement, as the Commission may determine.

2. The proceeds of interim debentures shall be used to defray the cost of a project or for the purposes set forth in NRS 349.318 .

3. Any notes or warrants or both notes and warrants may be funded with the proceeds of interim debentures, as well as bonds authorized by the Commission authorizing the issuance of the funded securities.

4. Except as otherwise provided in NRS 349.318 to 349.328 , inclusive, interim debentures shall be issued as provided herein for state securities in NRS 349.230 to 349.316 , and 349.352 to 349.364 , inclusive.
Nev. Rev. Stat. § 349.420 — NV Code / Title 30 / Chapter 349 / Section 349.420
“Bonds” and “revenue bonds” defined
Status: in_force

“Bonds” or “revenue bonds” means bonds, notes or other securities evidencing an obligation and issued under NRS 349.400 to 349.670 , inclusive.
Nev. Rev. Stat. § 350.0203 — NV Code / Title 30 / Chapter 350 / Section 350.0203
Second additional 10-year period for issuance of certain general obligation bonds by board of trustees of school district
Status: in_force

If the voters approved a question that was submitted by a board of trustees of a school district in accordance with subsection 4 of NRS 350.020 for authorization to issue general obligation bonds, regardless of whether such approval occurred more than 10 years before March 4, 2025:

1. Such approval shall be deemed to constitute approval of the qualified electors for the issuance of general obligation bonds by the board of trustees of the school district pursuant to subsection 4 of NRS 350.020 for a period of 10 years commencing on March 4, 2025, if the question was approved by the voters more than 10 years before March 4, 2025, or otherwise commencing on the date of the expiration of the 10-year period approved by the voters in the question, and no other approval of the qualified electors is required for such issuance of general obligation bonds pursuant to the provisions of NRS 350.020 by the board of trustees of the school district for that period.

2. During the 10-year period in which a board of trustees is authorized to issue bonds as provided in subsection 1, all or a portion of the revenue generated by the school district's property tax for debt service which is in excess of the amount required: (a) For debt service in the current fiscal year; (b) For other purposes related to the bonds by the instrument pursuant to which the bonds were issued; and (c) To maintain the reserve account required pursuant to subsection 5 of NRS 350.020 ,

may be transferred by the board of trustees to the school district's fund for capital projects established pursuant to NRS 387.328 and used to pay the cost of capital projects which can lawfully be paid from that fund. Any such transfer must not limit the ability of the school district to issue bonds if the findings and approvals required by subsection 4 of NRS 350.020 are obtained.
Nev. Rev. Stat. § 349.362 — NV Code / Title 30 / Chapter 349 / Section 349.362
Sufficiency of State Securities Law
Status: in_force

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

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

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

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

5. No part of the State Securities Law shall repeal or affect any other law or part thereof, it being intended that the State Securities Law shall provide a separate method of accomplishing its objectives and not an exclusive one; and the State Securities Law shall not be construed as repealing, amending or changing any such other law.
Nev. Rev. Stat. § 351.030 — NV Code / Title 30 / Chapter 351 / Section 351.030
Execution of public security or instrument of payment with facsimile signature
Status: in_force

Any authorized officer, after filing with the Secretary of State his or her manual signature certified by him or her under oath, may execute or cause to be executed with a facsimile signature in lieu of his or her manual signature:

1. Any public security, if at least one signature required or permitted to be placed thereon shall be manually subscribed; and

2. Any instrument of payment.

Upon compliance with this chapter by the authorized officer, his or her facsimile signature has the same legal effect as his or her manual signature.
Nev. Rev. Stat. § 348A.050 — NV Code / Title 30 / Chapter 348A / Section 348A.050
Private Activity Bond Council: Creation; Chair; membership; terms; vacancies; compensation, allowances and expenses of members; members holding public office or employed by governmental entity; meetings; quorum; administrative support
Status: in_force

1. The Private Activity Bond Council is hereby created.

2. The Council consists of seven members as follows: (a) The Director, or his or her designee, who shall serve as Chair of the Council; (b) The Executive Director of the Office of Economic Development, or his or her designee; (c) One member who is a member of the Senate appointed by the Legislative Commission; (d) One member who is a member of the Assembly appointed by the Legislative Commission; (e) One member appointed by the Nevada League of Cities; (f) One member appointed by the Nevada Association of Counties; and (g) One member who has experience in financing affordable housing projects appointed by the Director.

3. An appointed member of the Council serves a term of 2 years and until his or her successor is appointed. An appointed member may be reappointed for additional terms of 2 years in the same manner as the original appointment.

4. A vacancy in the appointed membership of the Council must be filled in the same manner as the original appointment for the remainder of the unexpired term.

5. Each member of the Council: (a) Serves without compensation; and (b) While engaged in the business of the Council, is entitled to receive the per diem allowance and travel expenses provided for state officers and employees generally.

6. A member of the Council who is an officer or employee of this State or a political subdivision of this State must be relieved from his or her duties without loss of regular compensation to prepare for and attend meetings of the Council and perform any work necessary to carry out the duties of the Council in the most timely manner practicable. A state agency or political subdivision of this State shall not require an officer or employee who is a member of the Council to: (a) Make up the time he or she is absent from work to carry out his or her duties as a member of the Council; or (b) Take annual leave or compensatory time for the absence.

7. The Council shall meet at the call of the Chair as frequently as required to perform its duties, but not less than twice each year.

8. A majority of the voting members of the Council constitutes a quorum for the transaction of business, and a majority of a quorum present at any meeting is sufficient for any official action taken by the Council.

9. The Department of Business and Industry shall provide the Council with administrative support.
Nev. Rev. Stat. § 350.710 — NV Code / Title 30 / Chapter 350 / Section 350.710
Bonds and other securities exempt from taxation; exception
Status: in_force

1. Except as otherwise provided in subsection 2, bonds and other securities issued pursuant to the provisions of the Local Government 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. § 349.152 — NV Code / Title 30 / Chapter 349 / Section 349.152
Purpose; supplemental nature
Status: in_force

It is the purpose of the State Securities Law to provide a procedure for financing any projects otherwise authorized by law and for the issuance of securities to evidence or reevidence obligations incurred in connection with any projects. The State 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. § 349.110 — NV Code / Title 30 / Chapter 349 / Section 349.110
Payment of principal, interest and administrative expenses for bonds
Status: in_force

1. After March 28, 1939, so long as there shall be any outstanding bonds in the name of the State of Nevada, the State Treasurer shall make payment for redemption of such bonds, the interest thereon and any bond administrative expenses from the Consolidated Bond Interest and Redemption Fund.

2. As used in this section, “ bond administrative expense ” means any expense incurred by the State Treasurer, the State Board of Finance, bond trustees, paying agents, arbitrage compliance agents or any other person or entity to administer an interim debenture line of credit, notes or bonds in the name of the State of Nevada, or as otherwise necessary to ensure compliance with state or federal law.