reglab/housing_qa huggingface dataset:
NV Rev Stat § 349.580 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.580 - Prerequisites to financing project: Findings of Director.

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.  (Added to NRS by 1981, 1628; A 1985, 2085, 2177; 1999, 3358; 2001, 3258; 2011, 3458)
NV Rev Stat § 349.585 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.585 - Prerequisites to financing project: Approval of Office of Economic Development.

  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.  (Added to NRS by 2011, 3458)
NV Rev Stat § 349.590 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.590 - Prerequisites to financing project: Additional considerations.

Except as otherwise provided in NRS 349.640, before financing a project pursuant to subsection 2 of NRS 349.580, the Director and the Board must also:  1. Determine the total amount of money necessary to be provided by the Director for financing the project.  2. Except as otherwise provided in this subsection, receive a 5-year operating history from the contemplated lessee, purchaser or other obligor or from any other enterprise that will make or guarantee the payment of the principal, premium, if any, and interest on any bonds issued. An operating history is not required if the bonds:  (a) Are to 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  (b) Will 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.  3. Consider whether the contemplated lessee, purchaser, other obligor or other enterprise that will make or guarantee the payment of the principal, premium, if any, and interest on any bonds issued has received within the 12 months preceding the date of the findings of the Director, or then has or has not in effect, a rating within one of the top four rating categories of Moody’s Investors Service, Inc., Standard and Poor’s Ratings Services or Fitch IBCA, Inc.  4. Identify any existing facilities of a like nature within the county or city in which the project will be located and consider the applicability of paragraph (b) of subsection 1 of NRS 349.565.  5. Consider the extent to which the project is affected by any federal, state or local governmental action, activity, program or development.  6. Consider whether the lessee, purchaser, other obligor or other enterprise of the project has maintained facilities appropriate to the community in this state for 10 years or longer.  (Added to NRS by 1981, 1628; A 1997, 1610; 1999, 3359)
NV Rev Stat § 349.595 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.595 - Prerequisites to financing costs related to equipment for project; establishment of guidelines.

  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.  (Added to NRS by 1999, 3356; A 2011, 3459)
NV Rev Stat § 349.597 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.597 - Confidentiality of information concerning obligor.

  1. Except as otherwise provided in subsection 2, the Director, the Board and the governing body of the county or city where a project is located shall make available for public inspection, upon request, information furnished by an obligor to obtain the Director’s assistance in financing a project pursuant to NRS 349.400 to 349.670, inclusive.  2. Except as ordered by a court of competent jurisdiction or as required by federal law, the Director, the Board and the governing body of the county or city where the project is located shall not, without the prior consent of the obligor, disclose proprietary information or financial statements or records of the obligor or guarantor that are not otherwise available to the public unless the obligor has:  (a) Requested in writing that the information, statements or records be made public; or  (b) Furnished the information, statements or records for a purpose other than obtaining the Director’s assistance in financing a project pursuant to NRS 349.400 to 349.670, inclusive.  3. As used in this section:  (a) "Proprietary information" means any trade secret or other information which, if disclosed to members of the general public, may result in a competitive disadvantage to the obligor, including, without limitation:  (1) Documents concerning the marketing or strategic planning of the obligor;  (2) Data, studies and reports concerning the development of new products or services; and  (3) Data that identify the share of the market of the obligor.  (b) "Trade secret" has the meaning ascribed to it in NRS 600A.030.  (Added to NRS by 1999, 3357)
NV Rev Stat § 349.600 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.600 - Bonds to be special obligations.

  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.  (Added to NRS by 1981, 1629)
NV Rev Stat § 349.610 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.610 - Form and terms of bonds; sale; employment of financial and legal consultants.

  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) 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. As an incidental expense to any project to be financed by the bonds, the Director may employ financial and legal consultants in regard to the financing of the project.  3. The bonds are fully negotiable under the terms of the Uniform Commercial Code — Investment Securities.  (Added to NRS by 1981, 1629)
NV Rev Stat § 349.620 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.620 - Security.

  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.  (Added to NRS by 1981, 1629)
NV Rev Stat § 349.630 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.630 - Regulations.

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.  (Added to NRS by 1981, 1630; A 1997, 2866; 1999, 1470, 3360, 3361)
NV Rev Stat § 349.640 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.640 - Refunding.

  1. Any bonds issued under the provisions of NRS 244A.669 to 244A.763, inclusive, 268.512 to 268.568, inclusive, or 349.400 to 349.670, inclusive, may be refunded by the Director by the issuance of refunding bonds in an amount which the Director deems necessary to refund the principal of the bonds to be so 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 or from revenues out of which bonds of the same character may be made payable under this or any other law then in effect at the time of the refunding.  4. The Director shall not issue refunding bonds unless before the refinancing the Director finds that issuance of refunding bonds will provide a lower cost of financing for the obligor or provide some other public benefit, but the findings, determinations and approval required by NRS 349.580 to 349.595, inclusive, are not required with respect to refunding bonds issued pursuant to this section.  (Added to NRS by 1981, 1630; A 1999, 3361; 2011, 3460)
NV Rev Stat § 349.650 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.650 - Limitation of actions.

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 project or improvements authorized by NRS 349.400 to 349.670, inclusive, after 30 days from the effective date of the order of the Director authorizing the issuance of those bonds.  (Added to NRS by 1981, 1631)
NV Rev Stat § 349.660 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.660 - Faith of State pledged against repeal, amendment or modification of NRS 349.400 to 349.670, inclusive.

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.  (Added to NRS by 1981, 1631)
NV Rev Stat § 349.700 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.700 - Legislative declaration.

It is the purpose of NRS 349.700 to 349.870, inclusive, in the interest of promoting the general welfare of the people of the State, to further prosperity and employment throughout the State by encouraging the production of goods for export, the expansion of exports of goods and the rendering of services abroad by residents of Nevada through the establishment of a program which provides a source of guarantees for credit not otherwise available.  (Added to NRS by 1985, 2014)
NV Rev Stat § 349.710 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.710 - Definitions.

As used in NRS 349.700 to 349.870, inclusive, unless the context otherwise requires, the words and terms defined in NRS 349.715 to 349.745, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1985, 2014)
NV Rev Stat § 349.715 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.715 - "Bonds" defined.

Bonds means bonds, notes or other securities evidencing an obligation and issued under NRS 349.700 to 349.870, inclusive.  (Added to NRS by 1985, 2014)
NV Rev Stat § 349.720 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.720 - "Director" defined.

Director means the Director of the Department of Business and Industry.  (Added to NRS by 1985, 2014; A 1993, 1570)
NV Rev Stat § 349.725 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.725 - "Exporter" defined.

Exporter means any person, the State and its political subdivisions or any agency of either, a legal representative of a trust or an estate, or their agents or assigns which is eligible for guaranteed funding.  (Added to NRS by 1985, 2014)
NV Rev Stat § 349.730 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.730 - "Guaranteed funding" defined.

Guaranteed funding means a loan made to a participating financial institution which includes an agreement to excuse its repayment, under specified conditions, made for the purpose of financing an eligible transaction. A guarantee may cover a pool of eligible transactions.  (Added to NRS by 1985, 2014)
NV Rev Stat § 349.735 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.735 - "Loss" defined.

Loss means a loss incurred by an exporter on an eligible transaction because of:  1. The insolvency of the foreign customer or other failure of the customer to pay to the exporter when due, all or part of the money due from the transaction as denominated in United States currency; or  2. War, revolution, the diversion of goods, revocation of licenses, embargoes and other similar political incidents occurring in the customer’s country or any delay in obtaining payment in dollars.  (Added to NRS by 1985, 2014)
NV Rev Stat § 349.740 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.740 - "Participating financial institution" defined.

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.  (Added to NRS by 1985, 2014; A 1987, 1876)
NV Rev Stat § 349.745 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.745 - "Program" defined.

Program means the providing of guaranteed funding pursuant to NRS 349.700 to 349.870, inclusive.  (Added to NRS by 1985, 2014)
NV Rev Stat § 349.750 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.750 - Director: Administration of provisions; powers; biennial report to State Board of Finance and Legislative Commission.

  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.  (Added to NRS by 1985, 2014; A 1987, 1348; 1991, 1313; 1995, 644)
NV Rev Stat § 349.755 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.755 - Director: Delegation of duties.

The Director may delegate the performance of any of the duties required under this program to any person within the Department of Business and Industry whom the Director designates.  (Added to NRS by 1985, 2015; A 1993, 1570)