reglab/housing_qa huggingface dataset:
NV Rev Stat § 349.318 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.318 - Interim debentures: Issuance for general or special obligations. [Effective July 1, 2021.]

  1. Notwithstanding any limitation or other provision herein, whenever the State is authorized to issue general obligation bonds, regardless of whether majorities of the qualified electors of the State voting on a proposal to issue the general obligation bonds have authorized their issuance by the State for any project, the State is authorized to borrow money without any other election in anticipation of the proceeds of taxes, the proceeds of the bonds, the proceeds of pledged revenues, or any other moneys of the State, or any combination thereof, and to issue general obligation interim debentures to evidence the amount so borrowed.  2. The State also is authorized to borrow money without any election in anticipation of the proceeds of revenue bonds or any other special obligations of the State and of its pledged revenues, or any combination thereof, but excluding the proceeds of any taxes, and to issue special obligation interim debentures to evidence the amount so borrowed.  (Added to NRS by 1967, 789; A 2020, 31st Special Session, 4, effective July 1, 2021)
NV Rev Stat § 349.320 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.320 - Issuance of state securities constituting debt to fund or refund special obligations not constituting indebtedness: Conditions; restrictions.

  1. Except as otherwise provided in subsections 2 to 5, inclusive, this section does not authorize the State to issue any state securities constituting a debt for the purpose of funding or refunding state securities constituting special obligations which do not constitute an indebtedness.  2. Any special obligation securities of the State pertaining to any project may be funded or refunded by general obligation securities pertaining to the project only if the State is authorized by law to issue those funding or refunding securities at the time of their issuance, even though the State was not so authorized to issue them at the time of the issuance of any such funded or refunded securities.  3. If the issuance of general obligation bonds to defray the cost of the project is conditioned upon their approval by the qualified electors of the State at a special, primary or general election, any general obligation securities pertaining to the project and creating an indebtedness, by funding or refunding special obligation securities or otherwise, may be issued only if the bonds have been so approved at a special, primary or general election in the manner provided by law.  4. If a debt limitation pertains to any general obligation bonds or other securities of the State constituting an indebtedness and relating to any project, no general obligation securities pertaining to the project and creating an indebtedness, by funding or refunding special obligation securities or otherwise (in contradistinction to funding or refunding bonds merely reevidencing an indebtedness formerly evidenced by the securities funded or refunded), may be issued in a principal amount exceeding that debt limitation.  5. No bonds of the State may be refunded by the issuance of its interim debentures, its notes or its warrants. No interim debentures of the State may be funded by the issuance of its notes or its warrants.  (Added to NRS by 1967, 790; A 1969, 1587; 1993, 1066)
NV Rev Stat § 349.322 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.322 - Interim debentures: Maturity; uses of proceeds; issuance. [Effective through June 30, 2021.]

  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.  (Added to NRS by 1967, 790; A 1969, 1587; 1975, 861; 2020, 31st Special Session, 5)
NV Rev Stat § 349.322 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.322 - Interim debentures: Maturity; use of proceeds; issuance. [Effective July 1, 2021.]

  1. Any interim debentures may mature at such time or times not exceeding a period of time equal to the estimated time needed to effect the purpose or purposes for which they are issued or for which the bonds are authorized to be issued, but not exceeding 5 years from the date of the interim debentures, as the Commission may determine.  2. The proceeds of interim debentures shall be used to defray the cost of a project.  3. Any notes or warrants or both notes and warrants may be funded with the proceeds of interim debentures, as well as bonds 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.  (Added to NRS by 1967, 790; A 1969, 1587; 1975, 861; 2020, 31st Special Session, 5, effective July 1, 2021)
NV Rev Stat § 349.324 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.324 - Interim debentures: Security for payment.

  1. Except as otherwise provided in NRS 349.320, the proceeds of taxes, pledged revenues and other money, including without limitation proceeds of bonds to be issued or reissued after the issuance of interim debentures, and bonds issued to secure the payment of interim debentures, or any combination thereof, may be pledged to secure the payment of interim debentures; but the proceeds of taxes and the proceeds of bonds payable from taxes, or any combination thereof, must not be used to pay any special obligation interim debentures nor may their payment be secured by a pledge of any such general obligation bonds.  2. Any bonds pledged as collateral security for the payment of any interim debentures must mature at such time or times as the Commission may determine, except as otherwise provided in subsections 3 and 4 of NRS 349.276.  3. Any bonds pledged as collateral security must not be issued in an aggregate principal amount exceeding the aggregate principal amount of the interim debenture or interim debentures secured by a pledge of such bonds, nor shall they bear interest at any time which, with any interest accruing at the same time on the interim debenture or interim debentures so secured, exceeds the rate permitted on the debenture or debentures secured, computed from the appropriate index which was most recently published before the bids are received or a negotiated offer is accepted.  (Added to NRS by 1967, 790; A 1969, 1290; 1971, 2113; 1975, 861; 1977, 35; 1981, 1401; 1983, 572)
NV Rev Stat § 349.326 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.326 - Interim debentures: Extension and funding.

No interim debentures issued pursuant to the provisions of NRS 349.318 to 349.324, inclusive, shall be extended or funded except by the issuance or reissuance of a bond or bonds authorized by the Commission authorizing the issuance of the funded interim debentures in compliance with NRS 349.328.  (Added to NRS by 1967, 790)
NV Rev Stat § 349.328 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.328 - Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds.

  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.  (Added to NRS by 1967, 790; A 1977, 36)
NV Rev Stat § 349.330 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.330 - Refunding of general and special obligation bonds: Resolution; trust indenture.

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.  (Added to NRS by 1967, 791; A 1969, 1588)
NV Rev Stat § 349.332 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.332 - Calls for prior redemption: Limitations.

Nothing contained in the State Securities Law or in any other law of this state shall be construed to permit the Commission to call on behalf of the State bonds or other securities outstanding now or any time after April 5, 1967, for prior redemption in order to fund or refund such securities or in order to pay them prior to their stated maturities, unless the right to call such securities for prior redemption was specifically reserved and stated in such securities at the time of their issuance, and all conditions with respect to the manner, price and time applicable to such prior redemption as set forth in the proceedings authorizing the outstanding securities are strictly observed. It is the intention of the Legislature in this section to make it certain that the holder of no outstanding bond or other security may be compelled to surrender such security for funding or refunding prior to its stated maturity or optional date of prior redemption expressly reserved therein, even though such funding or refunding might result in financial benefit to the State.  (Added to NRS by 1967, 791; A 1969, 1588)
NV Rev Stat § 349.334 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.334 - Exchange of outstanding securities held by State or its agencies for funding or refunding.

Notwithstanding the provisions of NRS 349.332 or of any other law, this state, acting by and through the State Board of Finance, may agree with the Commission to exchange any outstanding bonds or other securities of the State and held by the State, or any agency, corporation, department or other instrumentality of the State, for funding or refunding bonds or other funding securities of the State authorized on its behalf by the Commission or otherwise to surrender at such price and time and otherwise upon such conditions and other terms and in such manner as may be mutually agreeable such outstanding bonds or other securities to the Commission for funding or refunding at any time prior to their respective maturities or to any date as of which the State has the right and option to call on its behalf such outstanding securities for prior redemption as expressly provided in the outstanding securities and any resolution, trust indenture or other proceedings authorizing their issuance.  (Added to NRS by 1967, 791; A 1969, 1589)
NV Rev Stat § 349.336 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.336 - Refunding of outstanding securities evidencing long-term loans.

Any provision herein concerning the refunding of outstanding bonds includes any outstanding securities evidencing long-term loans to the State regardless of whether such securities are designated as bonds, certificates, single certificates or otherwise.  (Added to NRS by 1967, 792)
NV Rev Stat § 349.338 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.338 - Refunding bonds: Exchange for outstanding bonds or federal securities; public or private sale.

  1. Any bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds being refunded or may be publicly or privately sold.  2. The refunding bonds, or any part thereof, except as limited by subsection 2 of NRS 349.344, may be exchanged by the State for federal securities and other securities of the Federal Government which have been made available for escrow investment by any purchaser of refunding bonds, upon terms of exchange mutually agreed upon, and any such securities so received by the State shall be placed in escrow as provided in NRS 349.342 and 349.344.  (Added to NRS by 1967, 792)
NV Rev Stat § 349.340 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.340 - Conditions for refunding bonds.

  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.  (Added to NRS by 1967, 792; A 1969, 1291; 1971, 2114; 1975, 861; 1981, 1402; 1983, 573, 1033, 1594)
NV Rev Stat § 349.342 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.342 - Refunding bonds: Disposition of proceeds; accrued interest and premium; costs; escrow; trusts.

  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.  (Added to NRS by 1967, 793)
NV Rev Stat § 349.344 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.344 - Proceeds of refunding bonds in escrow or trust: Investment; security; sufficient amount; purchaser not responsible for application of proceeds.

  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.  (Added to NRS by 1967, 793)
NV Rev Stat § 349.346 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.346 - Refunding bonds payable from taxes or pledged revenues.

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.  (Added to NRS by 1967, 794)
NV Rev Stat § 349.348 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.348 - Issuance of bonds separately or in combination.

Bonds for refunding and bonds for any other purpose or purposes authorized hereby or by any other law may be issued separately or issued in combination in one series or more by the State in accordance with the provisions of the State Securities Law.  (Added to NRS by 1967, 794)
NV Rev Stat § 349.350 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.350 - Other statutory provisions applicable to refunding bonds.

Except as in NRS 349.330 to 349.348, inclusive, expressly provided or necessarily implied, the relevant provisions elsewhere herein appertaining generally to the issuance of bonds to defray the cost of any project shall be equally applicable in the authorization and issuance of refunding bonds, including their terms and security, the covenants and other provisions of the resolution authorizing the issuance of the bonds, or other instrument or proceedings appertaining thereto, and other aspects of the bonds.  (Added to NRS by 1967, 794)
NV Rev Stat § 349.352 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.352 - Conclusive determination of Commission that statutory limitations have been met.

The determination of the Commission that the limitations in the State Securities Law imposed upon the issuance of bonds or upon the issuance of other securities hereunder, including without limitation any securities for funding or refunding securities, have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion regardless of whether the authorizing resolution or the securities thereby authorized contain a recital as authorized by NRS 349.274.  (Added to NRS by 1967, 794; A 1969, 1589)