reglab/housing_qa huggingface dataset:
NV Rev Stat § 350.573 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.573 - Sale of right to call for purchase of securities.

  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.  (Added to NRS by 1993, 1983)
NV Rev Stat § 350.574 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.574 - Notes and warrants: Maturity; extension or funding.

Notes and warrants may mature at such time or times not exceeding 1 year from the date or the respective dates of their issuance as the governing body may determine. They shall not be extended or funded except by the issuance of bonds or interim debentures in compliance with NRS 350.672 to 350.680, inclusive, and other provisions supplemental thereto.  (Added to NRS by 1967, 427)
NV Rev Stat § 350.575 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.575 - Resolution to finance preservation or restoration of historic structure; approval of Executive Director of Department of Taxation; appeal to Nevada Tax Commission.

  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.  (Added to NRS by 1985, 2178; A 1993, 1570; 1995, 1813; 2001, 939; 2011, 2973; 2019, 972)
NV Rev Stat § 350.5755 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.5755 - Issuance of negotiable notes or bonds to finance restoration of historic structure; maturity; interest.

  1. Whenever the governing body of any municipality is authorized to enter into financing for restoration of a historic structure, as provided in NRS 350.575, the governing body may issue, as evidence thereof, negotiable notes or bonds.  2. The negotiable notes or bonds must:  (a) Mature not later than 15 years after the date of issuance.  (b) Bear interest at a rate or rates which do not exceed by more than 3 percent the Index of Twenty Bonds which was most recently published before the bids are received or a negotiated offer is accepted.  (Added to NRS by 1985, 2178)
NV Rev Stat § 350.576 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.576 - Temporary bonds: Conditions, terms and provisions; holder’s rights and remedies.

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.  (Added to NRS by 1967, 427)
NV Rev Stat § 350.578 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.578 - Ordinance authorizing issuance of securities: Description of purposes.

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.  (Added to NRS by 1967, 427)
NV Rev Stat § 350.579 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.579 - Emergency ordinances: Adoption; effective date.

  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).  (Added to NRS by 1969, 1612; A 1975, 866)
NV Rev Stat § 350.580 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.580 - General obligations: Types of securities.

The municipality may issue as general obligations any of the following types of municipal securities:  1. Notes;  2. Warrants;  3. Interim debentures;  4. Bonds; and  5. Temporary bonds,  payable from taxes, or payable from taxes and additionally securing such payment by a pledge of net revenues or gross revenues, as the governing body may determine, except as may be otherwise provided in any act supplemental hereto.  (Added to NRS by 1967, 428)
NV Rev Stat § 350.582 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.582 - Special obligations: Types of securities.

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.  (Added to NRS by 1967, 428)
NV Rev Stat § 350.5835 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.5835 - Variable rates of interest: Exemption from limitations; conclusive findings of governing body that procedure for determination of rates is reasonable.

In fixing the rate or rates of interest for municipal securities pursuant to subsection 1 of NRS 350.583 or the rate or rates of interest imposed on the governing body for reimbursement of any advances made under an agreement pursuant to subsection 2 of NRS 350.583, the governing body is not subject to any limitations on rates of interest provided by statute, including NRS 350.2011, or provided in the question at an election authorizing the issuance of those securities. The ordinance or resolution fixing that rate or rates of interest must contain the findings of the governing body that the procedure specified therein for determining that rate or rates is reasonable under existing or anticipated conditions in the market and is necessary and advisable for marketing the securities. These findings are conclusive. This section does not prohibit the governing body from fixing a maximum rate of interest in that ordinance or resolution.  (Added to NRS by 1985, 2089)
NV Rev Stat § 350.584 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.584 - Municipal securities payable from gross revenues: Covenant requiring appropriations to pay operation and maintenance expenses.

Any ordinance authorizing the issuance of general obligation securities or special obligation securities payable from gross revenues or any indenture or other proceedings appertaining thereto may contain a covenant of the municipality that to the extent required, as provided therein, the municipality will pay operation and maintenance expenses by appropriation from its general fund and that to the extent the moneys accounted for therein are insufficient for that purpose the municipality shall levy taxes therefor.  (Added to NRS by 1967, 428)
NV Rev Stat § 350.586 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.586 - Securities issued as general obligations constitute outstanding indebtedness.

Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures constitute outstanding indebtedness of the municipality and exhaust the debt-incurring power of the municipality under any statutory debt limitation appertaining thereto.  (Added to NRS by 1967, 428)
NV Rev Stat § 350.588 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.588 - Securities issued as special obligations do not constitute outstanding indebtedness.

Any other municipal securities (except general obligation notes and general obligation warrants) constitute special obligations of the municipality, and all such other securities (including all notes and warrants, general obligations or special obligations, payable within 1 year from date) do not constitute outstanding indebtedness of the municipality nor exhaust its debt-incurring power under any such debt limitation.  (Added to NRS by 1967, 428)
NV Rev Stat § 350.590 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.590 - Recitals required in municipal securities.

  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.  (Added to NRS by 1967, 428)
NV Rev Stat § 350.592 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.592 - Annual levy of special tax to pay interest on and retire securities issued as general obligations; proceeds of tax kept in two special funds; consolidated debt service fund.

  1. There must be levied annually in due season a special tax on all property, both real and personal, subject to taxation within the boundaries of the municipality, fully sufficient together with the revenue which will result from application of the rate to the net proceeds of minerals, without regard to any statutory or charter tax limitations other than the limitation set forth in NRS 361.453, to pay the interest on the general obligation municipal securities and to pay and retire the securities as provided in the Local Government Securities Law and in any act supplemental hereto. The amount of money to be raised by the tax must be included in the annual estimate or budget for each county within the state for each year for which the tax is hereby required to be levied. The tax must be levied and collected in the same manner and at the same time as other taxes are levied and collected.  2. The proceeds thereof levied to pay interest on the securities must be kept by the treasurer in a special fund, separate and apart from all other funds, and the proceeds of the tax levied to pay the principal of the securities must be kept by the treasurer in a special fund, separate and apart from all other funds. The two special funds must be used for no other purpose than the payment of the interest on the securities and the principal thereof, respectively, when due; but, except as prevented by any contractual limitations imposed upon the municipality by proceedings appertaining to its outstanding securities, the municipality may provide for a consolidated debt service fund to pay principal of and interest on outstanding securities, when due.  (Added to NRS by 1967, 429; A 1967, 944; 1989, 44; 1993, 2659; 2013, 3135)
NV Rev Stat § 350.594 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.594 - Time and duration of levy of special tax.

Such tax shall be levied immediately after the issuance of any general obligation securities issued in accordance with the provisions of the Local Government Securities Law, and annually thereafter, at the times and in the manner provided by law, until all of the securities, and the interest thereon, have been fully discharged. Such tax may be first levied after the municipality has contracted to sell any securities but before their issuance.  (Added to NRS by 1967, 429; A 1975, 866)
NV Rev Stat § 350.596 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.596 - Payment from general fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of general fund.

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.  (Added to NRS by 1967, 429)
NV Rev Stat § 350.598 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.598 - Application of other available money to payment of interest on and principal of securities issued as general obligations.

Nothing contained in the Local Government Securities Law shall be so construed as to prevent the municipality from applying any funds (other than taxes) that may be available for that purpose to the payment of the interest on or the principal of any general obligation municipal securities as the same respectively mature, and regardless of whether the payment of the general obligation municipal securities is additionally secured by a pledge of revenues, and upon such payments, the levy or levies of taxes provided in the Local Government Securities Law may thereupon to that extent be diminished.  (Added to NRS by 1967, 429)
NV Rev Stat § 350.602 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.602 - Proceeds of taxes specially appropriated to payment of principal and interest.

There is by the Local Government Securities Law, and there shall be by ordinance authorizing the issuance of any indebtedness contracted in accordance with the provisions of the Local Government Securities Law, specially appropriated the proceeds of such taxes to the payment of such principal and interest; and such appropriations shall not be repealed nor the taxes postponed or diminished (except as herein otherwise expressly provided) until the principal of and interest on the municipal securities evidencing such debt have been wholly paid.  (Added to NRS by 1967, 430)
NV Rev Stat § 350.604 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.604 - Payment of municipal securities not to be secured by encumbrance, mortgage or pledge of municipality’s property; exception.

  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.  (Added to NRS by 1967, 430; A 1989, 709)
NV Rev Stat § 350.606 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.606 - Recourse against officers and agents of municipality: Acceptance of securities constitutes waiver and release.

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.  (Added to NRS by 1967, 430; A 1975, 866)
NV Rev Stat § 350.608 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.608 - Covenants in ordinance authorizing issuance of special obligations impose no liability against municipality or its general credit.

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.  (Added to NRS by 1967, 430)
NV Rev Stat § 350.610 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.610 - Faith of State pledged against repeal, amendment or modification of Local Government Securities Law.

The faith of the State is hereby pledged that the Local Government Securities Law, any law supplemental or otherwise appertaining thereto, and any other act concerning the bonds or other municipal securities, taxes or the pledged revenues or any combination of such securities, such taxes and such revenues shall not be repealed nor amended or otherwise directly or indirectly modified in such a manner as to impair adversely any outstanding municipal securities, until all such securities have been discharged in full or provision for their payment and redemption has been fully made, including without limitation the known minimum yield from the investment or reinvestment of moneys pledged therefor in federal securities.  (Added to NRS by 1967, 431)
NV Rev Stat § 350.616 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.616 - Sale or issuance of municipal securities.

  1. Notes, bonds and interim debentures must be sold in the manner prescribed in NRS 350.105 to 350.195, inclusive.  2. Warrants may be issued to evidence the amount due to any person furnishing services or materials as provided in the Local Government Securities Law.  3. Temporary bonds must be issued to a purchaser of the definitive bonds in anticipation of the exchange of the former for the latter.  (Added to NRS by 1967, 432; A 1971, 2117; 1973, 560; 1983, 593; 1995, 1022)
NV Rev Stat § 350.628 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.628 - Recital in securities conclusive evidence of validity and regularity of issuance.

An ordinance providing for the issuance of bonds or other municipal securities hereunder or an indenture or other proceedings appertaining thereto may provide that the securities contain a recital that they are issued pursuant to the Local Government Securities Law, which recital shall be conclusive evidence of their validity and the regularity of their issuance.  (Added to NRS by 1967, 433)