reglab/housing_qa huggingface dataset:
NV Rev Stat § 349.760 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.760 - Transactions eligible for guaranteed funding: Criteria.

An exporting contract is a transaction eligible for guaranteed funding if, in the judgment of the Director, it will create or maintain employment in Nevada and it:  1. Promotes the sale abroad of goods whose final stage of production occurs in Nevada and which constitutes at least 10 percent of the contract price;  2. Provides for the rendering of services abroad by a business located in Nevada if at least 10 percent of the contract price consists of wages or other payments made to persons normally residing in this state;  3. Promotes the sale abroad of goods distributed by a business located in Nevada if:  (a) At least 10 percent of the contract price consists of wages or other payments made to persons or businesses normally residing or located in this state, a governmental organization of this state or a combination thereof; or  (b) The business has a significant relationship with this state based upon:  (1) The amount of capital investments it has which are located in this state;  (2) The number of residents of this state who are employed by the business;  (3) The amount of business transacted in this state; or  (4) Any combination thereof; or  4. Provides both for the sale abroad of goods whose final stage of production occurs in Nevada and for the rendering of services abroad by residents of Nevada, the aggregate value of which is at least 10 percent of the contract price.  (Added to NRS by 1985, 2015)
NV Rev Stat § 349.765 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 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.

  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.  (Added to NRS by 1985, 2015)
NV Rev Stat § 349.770 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.770 - Investigation of credit available to exporter prerequisite for guaranteed funding.

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.  (Added to NRS by 1985, 2016)
NV Rev Stat § 349.775 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.775 - Confidentiality of information concerning exporter.

Except as otherwise provided in NRS 239.0115, or unless the exporter consents to its disclosure, any information submitted to or compiled by the Director regarding the identity, background, finances, marketing plans, trade secrets or any other commercially sensitive affairs of the exporter is confidential.  (Added to NRS by 1985, 2016; A 2007, 2090)
NV Rev Stat § 349.780 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.780 - Fees charged to participating financial institution.

The Director shall by regulation establish fees to be charged a participating financial institution for providing guaranteed funding. The fees must be sufficient to cover the costs of administering the program and any premium the Director pays for insuring the program’s risk.  (Added to NRS by 1985, 2016)
NV Rev Stat § 349.785 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.785 - Agreements excusing payment on guaranteed funding and loan to exporter; fee charged to exporter.

  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.  (Added to NRS by 1985, 2016)
NV Rev Stat § 349.790 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.790 - Director subrogated to rights of exporter and participating financial institution upon default by exporter.

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.  (Added to NRS by 1985, 2016)
NV Rev Stat § 349.795 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.795 - Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity.

Any guarantee entered into by the Director does not constitute a general obligation of the State of Nevada. A guarantee may not be terminated, cancelled or otherwise revoked except in accordance with its terms. Any guarantee held by a participating financial institution is presumed to be valid.  (Added to NRS by 1985, 2017)
NV Rev Stat § 349.800 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.800 - Advisory Committee on Financing Exports: Creation; composition; terms of members.

  1. If the Director certifies to the Governor that there is a need to issue revenue bonds to carry out the program and that it is feasible to do so, the Governor may issue an executive order creating an Advisory Committee on Financing Exports, consisting of three members appointed by the Director.  2. The Director, in consultation with the Executive Director of the Office of Economic Development and with the approval of the Governor, shall appoint to serve as members of the Committee three persons who have proven experience in international trade and economic development which they acquired while engaged in finance, manufacturing, business administration, municipal finance, economics, law or general business.  3. After the initial terms, the term of each member is 3 years.  (Added to NRS by 1985, 2017; A 2011, 3460)
NV Rev Stat § 349.805 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.805 - Advisory Committee on Financing Exports: Meetings; quorum; officers; rules; compensation and expenses.

  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.  (Added to NRS by 1985, 2017)
NV Rev Stat § 349.810 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.810 - Advisory Committee on Financing Exports: Powers and duties.

  1. If the Advisory Committee on Financing Exports is created, it has only the powers and duties authorized by law.  2. If created, the Committee shall review and make recommendations to the Director concerning:  (a) Any regulations proposed by the Director to carry out the program;  (b) The findings of the Director pursuant to NRS 349.825; and  (c) Those long-term financial commitments for more than 1 year, limits on credit, and transactions, concerning any one exporter, which involve $50,000 or more.  (Added to NRS by 1985, 2017)
NV Rev Stat § 349.815 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.815 - Regulations for operation of program.

The Director shall, before the issuance of any bonds, adopt regulations for the operation of the program, which must include provisions concerning the following:  1. The maximum aggregate amount of guaranteed funding available to any exporter and the maximum amount of guaranteed funding available for any transaction eligible for guaranteed funding;  2. The limits on the interest which may be charged for guaranteed funding or for loans to exporters;  3. The fees which a participating financial institution may charge for making loans to exporters;  4. The nature and extent of any insurance which an exporter may be required to procure;  5. The collateral required on loans to exporters;  6. The terms of and the procedures for repayment on the guaranteed funding or on a loan;  7. The procedures for:  (a) Making an application for guaranteed funding;  (b) Disbursing the guaranteed funding to a participating financial institution;  (c) Making a claim on the guarantee in the event of a default;  (d) Collecting a loan in the event of a default; and  (e) Qualifying as a participating financial institution; and  8. The specific standards to be used to determine whether a business has a significant relationship with this state pursuant to paragraph (b) of subsection 3 of NRS 349.760.  (Added to NRS by 1985, 2017)
NV Rev Stat § 349.820 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.820 - Limitation on personal liability of Director or person acting on his or her behalf.

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.  (Added to NRS by 1985, 2018)
NV Rev Stat § 349.825 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 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.

  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.  (Added to NRS by 1985, 2018)
NV Rev Stat § 349.830 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.830 - Bonds: Special obligations of State.

  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.  (Added to NRS by 1985, 2019)
NV Rev Stat § 349.835 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.835 - Bonds: Form and terms; sale.

  1. The bonds must be authorized by an order of the Director, and must:  (a) Be in the denominations;  (b) Bear the date or dates;  (c) Mature at the time or times;  (d) Bear interest at a specified rate or rates;  (e) Be in the form;  (f) Carry the registration privileges;  (g) Be executed in the manner;  (h) Be payable at the place or places within or without the State; and  (i) Be subject to the terms of redemption,  which the order authorizing their issue provides.  2. The bonds must be signed by the Director, who may use a facsimile signature for this purpose. If the Director whose signature appears on any bonds ceases to act in that capacity before the delivery of the bonds, his or her signature is valid and sufficient for all purposes as if he or she had remained in office until their delivery.  3. The bonds may be sold in one or more series above, at or below par and at public or private sale at such prices, at such times and in such manner as the Director determines.  4. The bonds are fully negotiable under the terms of the Uniform Commercial Code — Investment Securities.  (Added to NRS by 1985, 2019)
NV Rev Stat § 349.840 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.840 - Bonds: Repurchase.

The Director, subject to such agreements with holders of bonds as may then exist, may, out of any money available therefor, purchase the bonds at a price not exceeding:  1. The redemption price then applicable plus accrued interest to the date of the next interest payment thereon if the bonds are then redeemable; or  2. The redemption price applicable on the first date after the purchase upon which the bonds become subject to redemption, plus accrued interest to that date, if the bonds are not redeemable.  (Added to NRS by 1985, 2019)
NV Rev Stat § 349.845 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.845 - Bonds: Refunding.

  1. Any bonds issued may be refunded by the Director by the issuance of refunding bonds in an amount which the Director considers necessary to refund the principal of the bonds to be refunded, any unpaid interest thereon and any premiums and incidental expenses necessary to be paid in connection with refunding.  2. Refunding may be carried out whether the bonds to be refunded have matured or thereafter mature, either by sale of the refunding bonds and the application of the proceeds to the payment of the bonds to be refunded, or by exchange of the refunding bonds for the bonds to be refunded. The holders of the bonds to be refunded must not be compelled, without their consent, to surrender their bonds for payment or exchange before the date on which they are payable by maturity, option to redeem or otherwise, or if they are called for redemption before the date on which they are by their terms subject to redemption by option or otherwise.  3. All refunding bonds issued pursuant to this section must be payable solely from revenues and other money out of which the bonds to be refunded thereby are payable.  (Added to NRS by 1985, 2020)
NV Rev Stat § 349.850 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.850 - Bonds: Legal investments.

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.  (Added to NRS by 1985, 2020)
NV Rev Stat § 349.855 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.855 - Director: Establishment of funds and accounts; investments and deposits.

The Director may:  1. Establish such funds or accounts as may be necessary or desirable for carrying out the provisions of NRS 349.700 to 349.870, inclusive.  2. Subject to any agreement with the holders of the bonds, invest or deposit any money received or held by the Director pursuant to NRS 349.700 to 349.870, inclusive. The Director is not required to deposit this money in the State Treasury and the provisions of chapters 355 and 356 of NRS do not apply to any investments or deposits made pursuant to this subsection.  (Added to NRS by 1985, 2020)
NV Rev Stat § 349.857 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.857 - Director: Loans of securities.

  1. The Director may lend any securities in which he or she invests pursuant to NRS 349.855 if he or she receives collateral from the borrower in the form of cash or marketable securities that are:  (a) Acceptable to the Director; and  (b) At least 102 percent of the value of the securities borrowed.  2. The Director may enter into such contracts as are necessary to extend and manage loans pursuant to this section.  (Added to NRS by 1999, 928)
NV Rev Stat § 349.860 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.860 - Insurance.

The Director may use money from the fund for financing exports to:  1. Insure against the program’s risk of loss resulting from the failure of the exporter to repay the loan provided by a participating financial institution; and  2. Purchase insurance to secure the payment of the principal of, interest on, and premium, if any, due in connection with any bonds issued.  (Added to NRS by 1985, 2020)
NV Rev Stat § 349.865 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.865 - Faith of State pledged against repeal, amendment or modification of NRS 349.700 to 349.870, inclusive.

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.  (Added to NRS by 1985, 2021)