reglab/housing_qa huggingface dataset:
NV Rev Stat § 350.676 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.676 - Interim debentures: Maturity; use of proceeds; issuance.

  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 governing body 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.  4. Except as otherwise provided in NRS 350.672 to 350.682, inclusive, interim debentures shall be issued as provided herein for municipal securities in NRS 350.584 to 350.670, inclusive, and NRS 350.708 to 350.720, inclusive.  (Added to NRS by 1967, 441; A 1969, 1593; 1975, 868)
NV Rev Stat § 350.678 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.678 - Interim debentures: Security for payment.

  1. Except as otherwise provided in NRS 350.674, 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 governing body may determine, except as otherwise provided in subsections 2, 3 and 4 of NRS 350.630.  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 may 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, 441; A 1969, 1294; 1971, 2119; 1975, 868; 1981, 1405; 1983, 576; 2011, 3328)
NV Rev Stat § 350.680 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.680 - Interim debentures: Extension and funding.

No interim debentures issued pursuant to the provisions of NRS 350.672 to 350.678, inclusive, shall be extended or funded except by the issuance or reissuance of a bond or bonds in compliance with NRS 350.682.  (Added to NRS by 1967, 442)
NV Rev Stat § 350.682 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.682 - 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 bonds required by law so to be authorized, and otherwise merely by the governing body, 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 governing body may determine, except as otherwise provided in subsections 2, 3 and 4 of NRS 350.630.  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 herein otherwise provided in this section and in NRS 350.676, 350.678 and 350.680, any such funding bonds shall be issued as is provided herein for other bonds.  (Added to NRS by 1967, 442; A 2011, 3328)
NV Rev Stat § 350.684 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.684 - Refunding of general and special obligation bonds: Ordinance; trust indenture.

Subject to the provisions of NRS 350.674, any general obligation bonds or special obligation bonds of the municipality issued in accordance with the provisions of the Local Government Securities Law or any other act and payable from any pledged revenues and any general obligation bonds of the municipality so issued but not payable from pledged revenues may be refunded on behalf of the municipality by the governing body, without the necessity of the refunding bonds being authorized at an election except as otherwise provided in NRS 350.674, by the adoption of an ordinance or ordinances by the governing body 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 municipal debt in excess of the municipality’s debt limitation, if any;  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; or  4. For any combination of the purposes stated in subsections 1, 2 and 3.  (Added to NRS by 1967, 442; A 1969, 1594)
NV Rev Stat § 350.686 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.686 - Calls for prior redemption: Limitations.

Nothing contained in the Local Government Securities Law or in any other law of this state shall be construed to permit the governing body to call on behalf of the municipality bonds or other securities outstanding now or any time after April 12, 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 municipality.  (Added to NRS by 1967, 442; A 1967, 943; 1969, 1594)
NV Rev Stat § 350.688 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.688 - Exchange of outstanding securities held by State or its agencies for funding or refunding.

Notwithstanding the provisions of NRS 350.686 or of any other law, this state, acting by and through the State Board of Finance, may agree with the governing body to exchange any outstanding bonds or other securities issued by the municipality 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 municipality 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 governing body for funding or refunding at any time prior to their respective maturities or to any date as of which the municipality 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 ordinance, trust indenture or other proceedings authorizing their issuance.  (Added to NRS by 1967, 443; A 1969, 1595)
NV Rev Stat § 350.690 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.690 - 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 municipality regardless of whether such securities are designated as bonds, certificates, single certificates or otherwise.  (Added to NRS by 1967, 443)
NV Rev Stat § 350.692 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.692 - Refunding bonds: Sale or exchange for outstanding bonds; exchange for federal securities.

  1. Any bonds issued for refunding purposes may be delivered in exchange for the outstanding bonds being refunded or may be sold in the manner prescribed in NRS 350.105 to 350.195, inclusive.  2. The refunding bonds, or any part thereof, except as limited by subsection 2 of NRS 350.698, may be exchanged by the municipality 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 municipality must be placed in escrow as provided in NRS 350.696 and 350.698.  (Added to NRS by 1967, 443; A 1995, 1022)
NV Rev Stat § 350.694 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.694 - Conditions for refunding bonds.

  1. No bonds may be refunded under this chapter 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 may any interest on any bond refunded be increased to any rate which exceeds the limit provided in NRS 350.2011.  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 municipal debt limitation.  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.  5. If at the time of the issuance of any issue of general obligation refunding bonds provision is not made for the redemption of all the outstanding bonds of the issue refunded or the outstanding bonds of each issue refunded, as the case may be, by the use of proceeds of the refunding bonds and any other money available for the redemption, the general obligation refunding bonds may mature but are not required to mature serially in accordance with subsections 2 and 3 of NRS 350.630.  (Added to NRS by 1967, 443; A 1969, 1294; 1971, 2119; 1975, 869; 1981, 948, 1405; 1983, 576, 1595; 2011, 3329)
NV Rev Stat § 350.696 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.696 - 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 governing body 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 municipality under the control of the governing body 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 governing body 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 governing body may determine.  (Added to NRS by 1967, 444)
NV Rev Stat § 350.698 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.698 - 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 municipal special obligation (but not general obligation) securities, in other securities issued by the Federal Government, if the ordinance authorizing the issuance of such outstanding municipal 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 governing body has exercised or is obligated to exercise a prior redemption option on behalf of the municipality.  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 municipality, the governing body or any of the officers, agents or employees of the municipality.  (Added to NRS by 1967, 444)
NV Rev Stat § 350.700 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.700 - 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 governing body 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 350.674.  (Added to NRS by 1967, 445)
NV Rev Stat § 350.702 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.702 - 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 municipality in accordance with the provisions of the Local Government Securities Law.  (Added to NRS by 1967, 445)
NV Rev Stat § 350.704 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.704 - Bonds of abolished municipalities may be refunded.

  1. Bonds of any municipality abolished by law may be refunded under the provisions hereof. Whether or not the bonds of the abolished municipality have been assumed by any successor municipality prior to the issuance of the refunding bonds, the refunding bonds must be authorized by the governing body of each successor municipality in which is situated all or any part of the area of the abolished municipality.  2. If the obligation of the abolished municipality evidenced by its outstanding bonds has not been assumed wholly or in part by a successor municipality prior to the authorization of the issuance of the refunding bonds, the refunding bonds shall be issued in the name of the abolished municipality and shall evidence the same character of obligations as evidenced by the refunded bonds.  3. To the extent any obligation evidenced by the refunded bonds has been so assumed by a successor municipality, the refunding bonds shall be authorized to be issued in the name of the successor municipality which shall reevidence such assumed obligation and shall evidence the same character of obligation as evidenced by such obligation as assumed by the successor municipality, subject to the limitations and other provisions in NRS 350.674 and 350.700.  (Added to NRS by 1967, 445; A 1979, 1641)
NV Rev Stat § 350.706 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.706 - Other statutory provisions applicable to refunding bonds.

Except as in NRS 350.684 to 350.704, 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 ordinance authorizing the issuance of the bonds, or other instrument or proceedings appertaining thereto, and other aspects of the bonds.  (Added to NRS by 1967, 446)
NV Rev Stat § 350.708 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.708 - Conclusive determination of governing body that statutory limitations have been met.

The determination of the governing body that the limitations in the Local Government 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 ordinance or the securities thereby authorized contain a recital as authorized by NRS 350.628.  (Added to NRS by 1967, 446; A 1969, 1595)
NV Rev Stat § 350.710 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.710 - Bonds and other securities exempt from taxation; exception.

  1. Except as otherwise provided in subsection 2, bonds and other securities issued pursuant to the provisions of the Local Government Securities Law, their transfer and the income therefrom must forever be and remain free and exempt from taxation by this state or any subdivision thereof.  2. The provisions of subsection 1 do not apply to the tax on estates imposed pursuant to the provisions of chapter 375A of NRS or the tax on generation-skipping transfers imposed pursuant to the provisions of chapter 375B of NRS.  (Added to NRS by 1967, 446; A 1989, 2107; 1991, 1710)
NV Rev Stat § 350.712 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.712 - Securities issued as general obligations are legal investments for state money.

It is legal for the State Board of Finance to invest any permanent state funds or other state funds available for investment in any of the bonds or other securities authorized to be issued pursuant to the provisions hereof if the securities constitute general obligations payable from taxes.  (Added to NRS by 1967, 446)
NV Rev Stat § 350.714 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.714 - Legal investments for other persons.

  1. It is legal for any bank, trust company, banker, savings bank or institution, savings and loan association, investment company and any other person carrying on a banking or investment business, any insurance company, insurance association, or any other person carrying on an insurance business, and any executor, administrator, curator, trustee or any other fiduciary, to invest funds or money in his or her custody in any of the bonds or other securities issued in accordance with the provisions of the Local Government Securities Law.  2. Nothing contained in this section with regard to legal investments relieves any representative of any corporation or other person of any duty of exercising reasonable care in selecting securities.  (Added to NRS by 1967, 446; A 1983, 131)