reglab/housing_qa huggingface dataset:
NV Rev Stat § 350.718 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.718 - Sufficiency of Local Government Securities Law.

  1. The Local Government 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 municipality 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 governing body 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 Local Government Securities Law or in any act supplemental hereto.  3. The powers conferred by the Local Government Securities Law shall be in addition and supplemental to and not in substitution for, and the limitations imposed by the Local Government Securities Law shall not affect the powers conferred by, any other law.  4. Nothing contained in the Local Government Securities Law shall be construed as preventing the exercise of any power granted to the municipality, acting by and through the governing body, or any officer, agent or employee of the municipality, or otherwise, by any other law.  5. No part of the Local Government Securities Law shall repeal or affect any other law or part thereof, it being intended that the Local Government Securities Law shall provide a separate method of accomplishing its objectives and not an exclusive one; and the Local Government Securities Law shall not be construed as repealing, amending or changing any such other law.  (Added to NRS by 1967, 448)
NV Rev Stat § 350.720 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.720 - Liberal construction.

The Local Government Securities Law being necessary to secure the public health, safety, convenience and welfare, shall be liberally construed to effect its purposes.  (Added to NRS by 1967, 448)
NV Rev Stat § 350.800 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.800 - Transactions whereby municipality acquires property and another person acquires or retains security interest in that or other property.

  1. A transaction whereby a municipality acquires real or personal property and another person acquires or retains a security interest in that or other property creates a general obligation of the municipality which must be counted against any limit upon its debt unless:  (a) The obligation by its terms is extinguished by failure of the governing body to appropriate money for the ensuing fiscal year for payment of the amounts then due; or  (b) The budget of the municipality for the fiscal year in which the transaction occurs includes a provision for the discharge of the obligation in full.  2. Any member of the governing body may vote upon such a transaction whether or not the obligation incurred is expected to extend beyond his or her term of office, without any special notice or other formality.  3. Any such transaction is subject to the requirements of this chapter for an election if it must be counted against a debt limit, but, except as otherwise provided in NRS 350.011 to 350.0165, inclusive, and 350.087 to 350.095, inclusive, is not subject to any other requirement of this chapter.  4. In addition to or as a substitute for granting a security interest in the property being acquired in a transaction described in subsection 1, the municipality may grant a security interest in other property if the governing body finds that:  (a) Granting the security interest in the other property will result in lower financing costs to the municipality; and  (b) The value of all property in which a security interest is granted does not, at the time the security interest is granted, exceed an amount equal to one and one-half times the value of the property being acquired.  The finding and determination of values by the governing body are conclusive in the absence of fraud or gross abuse of discretion.  (Added to NRS by 1981, 942; A 1989, 166; 2001, 2314)
NV Rev Stat § 350.810 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.810 - Purchase of municipal obligations by financial adviser of municipality limited.

  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.  (Added to NRS by 1981, 942)
NV Rev Stat § 350A.010 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.010 - Legislative findings.

The Legislature finds that:  1. It is in the public interest to foster and promote the protection and preservation of the property and natural resources of the State of Nevada, and to obtain the benefits thereof, and that the State should encourage and assist municipalities in undertaking local projects for such purposes by making loans to municipalities which might not be otherwise available or which might be available only at prohibitive interest rates;  2. The making of such loans and the issuing of state securities therefor as general obligations are necessary, expedient and advisable for the protection and preservation of the property and natural resources of the State of Nevada and for obtaining the benefits thereof; and  3. Because of market conditions relating to credit and public finance, it is in the public interest to assist municipalities in the acquisition, construction or equipping of public improvements by providing money to municipalities at reasonable rates of interest through the issuance of state securities to finance the acquisition of revenue securities.  (Added to NRS by 1981, 767; A 1993, 2318)
NV Rev Stat § 350A.020 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.020 - Definitions.

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 350A.025 to 350A.125, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1981, 767; A 1993, 2318; 2005, 184; 2009, 2742)
NV Rev Stat § 350A.025 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.025 - "Allocable local revenues" defined.

Allocable local revenues means amounts received by the State which are payable to a municipality and which are designated as allocable by the municipality in the instrument authorizing the revenue security with respect to a particular lending project.  (Added to NRS by 1993, 2316; A 1995, 389)
NV Rev Stat § 350A.030 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.030 - "Board" defined.

Board means the State Board of Finance.  (Added to NRS by 1981, 767; A 1997, 3012)
NV Rev Stat § 350A.040 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.040 - "Cost of a lending project" defined.

Cost of a lending project means all or any designated part of the cost of any lending project, including any incidental cost pertaining to such a project. The cost of a lending project may include, without limitation, 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 and credit unions.  4. Establishment of a reserve for contingencies.  5. Interest on state securities for any time which does not exceed 3 years, discounts on such state securities, reserves for the payment of the principal of and interest on such securities, replacement expenses and other costs of issuing such securities.  6. Amending any resolution or other instrument authorizing the issuance of, or otherwise relating to, state securities for any lending project.  7. Funding medium-term obligations.  8. Financing the issuance of state securities and any other expenses necessary in connection with a lending project, as determined by the Board.  (Added to NRS by 1981, 767; A 1993, 2318; 1997, 554; 1999, 1473)
NV Rev Stat § 350A.050 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.050 - "Expense of operation and maintenance" defined.

Expense of operation and maintenance means any reasonable and necessary current expense of the State for the operation, maintenance or administration of a lending project or of the collection and administration of revenues therefrom. The term includes, without limitation:  1. Expenses for engineering, auditing, reporting, legal services and other expenses of the State Treasurer which are directly related to the administration of lending projects.  2. Premiums for fidelity bonds and policies of property and liability insurance pertaining to lending projects, and shares of the premiums of blanket bonds and policies which may be reasonably allocated to lending projects.  3. Payments to pension, retirement, health insurance and other insurance funds.  4. Reasonable charges made by any paying agent, commercial bank, credit union, trust company or other depository bank pertaining to any state securities.  5. Services rendered under the terms of contracts, services of professionally qualified persons, salaries, administrative expenses and the cost of materials, supplies and labor pertaining to the issuance of any state securities, including the expenses of any trustee, receiver or other fiduciary.  6. Costs incurred in the collection and any refund of revenues from a lending project, including the amount of the refund.  (Added to NRS by 1981, 767; A 1999, 1473)
NV Rev Stat § 350A.055 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.055 - "Flood management authority" defined.

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.  (Added to NRS by 2009, 2742)
NV Rev Stat § 350A.060 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.060 - "Lending project" defined.

Lending project means any undertaking which the State is authorized to complete in connection with loans to municipalities made by the purchase of:  1. Municipal securities validly issued for a purpose related to natural resources; or  2. Revenue securities validly issued for a purpose related to any undertaking which a municipality is authorized to complete.  (Added to NRS by 1981, 768; A 1993, 2319)
NV Rev Stat § 350A.070 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.070 - "Municipal securities" defined.

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.  (Added to NRS by 1981, 768; A 1985, 1901; 1997, 164; 2005, 184; 2009, 2742; 2015, 29th Special Session, 52; 2017, 3813)
NV Rev Stat § 350A.080 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.080 - "Municipality" defined.

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.  (Added to NRS by 1981, 768; A 1997, 165; 2005, 184; 2009, 2743)
NV Rev Stat § 350A.090 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.090 - "Purpose related to natural resources" defined.

Purpose related to natural resources means a purpose necessary, expedient or advisable for the protection and preservation of any property or natural resources of the State, or for obtaining the benefits thereof, including without limitation water projects, sewer projects, projects to protect and preserve the natural resources and property of the State from floods and park projects which preserve natural landscape or wildlife habitat or both.  (Added to NRS by 1981, 768; A 2015, 29th Special Session, 53)
NV Rev Stat § 350A.095 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.095 - "Revenue securities" defined.

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.  (Added to NRS by 1993, 2317)
NV Rev Stat § 350A.100 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.100 - "Revenues of a lending project" defined.

Revenues of a lending project means any money, except the proceeds of taxes levied by the State, received by the State Treasurer from or in respect to any lending project, including without limitation:  1. Money derived from any source of revenue connected with a lending project, including without limitation payments by a municipality of the principal, interest or redemption premium of any municipal or revenue security, and any other income derived from the operation or administration of a lending project or the sale or other disposal of municipal or revenue securities or other assets acquired in connection with a lending project;  2. Loans, grants or contributions to the State from the Federal Government for the payment of the principal, interest and redemption premiums of state securities;  3. Fees or charges paid by a municipality in connection with a lending project; and  4. Money derived from the investment and reinvestment of any of these.  (Added to NRS by 1981, 768; A 1993, 2319)
NV Rev Stat § 350A.110 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.110 - "State securities" defined.

State securities means notes, warrants, interim debentures, bonds and temporary bonds issued as:  1. General obligations by the State pursuant to this chapter for any lending project which is for a purpose related to natural resources or for a refunding which are payable from taxes, whether or not additionally secured by a pledge of all or any designated revenues of one or more lending projects; or  2. Limited obligations by the State pursuant to this chapter for any lending project which is for a purpose related to any undertaking which a municipality is authorized to complete or for a refunding which are payable from the revenues of one or more lending projects.  (Added to NRS by 1981, 768; A 1983, 1034; 1993, 2319)
NV Rev Stat § 350A.120 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.120 - "Tax" defined.

Tax means:  1. A general (ad valorem) property tax.  2. Any tax or portion thereof to which is attributable the proceeds that are paid into the tax increment account of a tax increment area created by a municipality pursuant to NRS 278C.220.  (Added to NRS by 1981, 768; A 2015, 3209)
NV Rev Stat § 350A.125 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.125 - "Wastewater authority" defined.

Wastewater authority means an entity that is created by cooperative agreement pursuant to chapter 277 of NRS, the functions of which include sanitation and sewerage, the treatment and disposal of wastewater, or the development and reclamation of water resources.  (Added to NRS by 2005, 184)
NV Rev Stat § 350A.130 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.130 - Loans to municipalities by state purchase of municipal securities authorized.

In order to:  1. Protect and preserve the property and natural resources of the State, and to obtain the benefits thereof; and  2. Assist municipalities in the acquisition, construction and equipping of public improvements,  the State Treasurer may make loans to municipalities by purchasing their municipal securities validly issued for a purpose related to natural resources or their revenue securities validly issued for a purpose related to any undertaking which the municipality is authorized to complete.  (Added to NRS by 1981, 768; A 1993, 2319)
NV Rev Stat § 350A.140 (2021)
2021 Nevada Revised Statutes|Chapter 350A - Purchase of Municipal and Revenue Securities by State|NRS 350A.140 - Powers of State Treasurer as Administrator of Municipal Bond Bank.

  1. The State Treasurer is the Administrator of the Municipal Bond Bank.  2. In his or her capacity as Administrator, the State Treasurer may:  (a) Sue and be sued to establish or enforce any right arising out of a lending project or of any state securities issued pursuant to this chapter;  (b) Acquire and hold municipal securities and revenue securities, and exercise all of the rights of holders of those securities;  (c) Sell or otherwise dispose of municipal securities and revenue securities and assets acquired in connection with those securities, unless limited by any agreement which relates to those securities;  (d) Make contracts and execute all necessary or convenient instruments;  (e) Accept grants of money from the Federal Government, the State, any agency or political subdivision, or any other person;  (f) Adopt regulations relating to lending projects and the administration of lending projects;  (g) Employ for himself or herself or for any municipality, any necessary legal, fiscal, engineering and other expert services in connection with lending projects and with the authorization, sale and issuance of state securities, municipal securities and revenue securities;  (h) Enter into agreements and arrangements consistent with the provisions of this chapter with respect to the issuance of state securities and the purchase of municipal and revenue securities;  (i) Make findings concerning the sufficiency of revenues and taxes pledged for the payment of revenue securities to repay state securities which were issued to acquire those revenue securities;  (j) At the request of a municipality, on or before June 30, 2011, apply for and accept a volume cap allocation for tax credit bonds that authorizes the issuance of bonds which can be sold with a federal income tax credit;  (k) On or before June 30, 2011, enter into any agreement with the Federal Government that the State Treasurer determines is necessary or advisable:  (1) To issue bonds which can be sold with a federal income tax credit pursuant to the provisions of the Internal Revenue Code, as amended; and  (2) To receive a volume cap allocation for tax credit bonds described in paragraph (j); and  (l) Undertake other matters which he or she determines to be necessary or desirable in accomplishing the purposes of this chapter.  (Added to NRS by 1981, 769; A 1993, 2320; 2009, 2659)