reglab/housing_qa huggingface dataset:
NV Rev Stat § 349.925 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.925 - Bonds: Refunding.

  1. Any bonds issued under the provisions of NRS 349.900 to 349.929, 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 in effect at the time of the refunding.  (Added to NRS by 1987, 1410)
NV Rev Stat § 349.926 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.926 - 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 investment authorized by NRS 349.900 to 349.929, inclusive, more than 30 days after the effective date of the order of the Director authorizing the issuance of these bonds.  (Added to NRS by 1987, 1410)
NV Rev Stat § 349.927 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.927 - Faith of State pledged against repeal, amendment or modification of NRS 349.900 to 349.929, inclusive.

The faith of the State is hereby pledged that NRS 349.900 to 349.929, inclusive, will not be repealed, amended or modified to impair any outstanding bonds or any revenues pledged to their payment or to limit or alter the rights of powers vested in the Director to fulfill the terms of any agreement made with any management company, until all bonds have been discharged in full or provisions for their payment and redemption have been fully made.  (Added to NRS by 1987, 1410)
NV Rev Stat § 349.928 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.928 - Sufficiency of NRS 349.900 to 349.929, inclusive; construction.

  1. NRS 349.900 to 349.929, inclusive, without reference to other statutes of the State, constitute full authority for the exercise of powers granted in those sections, including but not limited to the authorization and issuance of bonds.  2. No other act or law with regard to the authorization or issuance of bonds that provides for an election, requires an approval, or in any way impedes or restricts the carrying out of the acts authorized in NRS 349.900 to 349.929, inclusive, to be done, apply to any proceedings taken under those sections, or acts done pursuant to those sections, except for laws to which reference is expressly made in those sections or by necessary implication of those sections.  3. The provisions of no other law, either general or local, except as otherwise provided in NRS 349.900 to 349.929, inclusive, apply to the doing of the things authorized in those sections to be done, and no board, agency, bureau, commission or officer not designated in those sections has any authority or jurisdiction over the doing of any of the acts authorized in those sections to be done, except as otherwise provided in those sections.  4. Any bank or trust company located within or without this state may be appointed and act as a trustee or custodian with respect to bonds issued pursuant to NRS 349.900 to 349.929, inclusive, without the necessity of associating with any other person or entity as cofiduciary, but such an association is not prohibited.  5. The powers conferred by NRS 349.900 to 349.929, inclusive, are in addition and supplemental to, and not in substitution for, and the limitations imposed by those sections do not affect the powers conferred by any other law.  6. No part of NRS 349.900 to 349.929, inclusive, repeals or affects any other law or part thereof, except to the extent that those sections are inconsistent with any other law, it being intended that those sections provide a separate method of accomplishing its objectives, and not an exclusive one.  7. The Director or a person designated by the Director may take any actions and execute and deliver any instrument, contract, certificate and other document, including the bonds, necessary or appropriate for the sale and issuance of the bonds or accomplishing the purposes of NRS 349.900 to 349.929, inclusive, without the assistance or intervention of any other officer.  (Added to NRS by 1987, 1410)
NV Rev Stat § 349.929 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.929 - Account for Venture Capital to be entrusted to management company; proceeds of bonds may be entrusted to another management company.

The Account for Venture Capital is to be entrusted to a management company with the qualifications specified in those sections. Subject to the limitation on the maximum of the aggregate principal amount of outstanding bonds that may be issued, proceeds from bonds issued at a subsequent time may be entrusted to another management company with the same qualifications.  (Added to NRS by 1987, 1411)
NV Rev Stat § 349.935 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.935 - Definitions.

As used in NRS 349.935 to 349.961, inclusive, unless the context otherwise requires, the words and terms defined in NRS 349.936 to 349.945, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1987, 2273)
NV Rev Stat § 349.936 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.936 - "Board" defined.

Board means the Board for Financing Water Projects.  (Added to NRS by 1987, 2273)
NV Rev Stat § 349.937 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.937 - "Cost of a water project" defined.

Cost of a water project means all or a designated part of the cost of any water project, including any incidental cost pertaining to the water project. The cost of a water project may include, among other costs, 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;  4. Establishment of a reserve for contingencies;  5. Interest on bonds for any time which does not exceed the estimated period of construction plus 1 year, discounts on bonds, reserves for the payment of the principal of and interest on bonds, replacement expenses and other costs of issuing bonds;  6. Amending any resolution or other instrument authorizing the issuance of, or otherwise relating to, bonds for the water project; and  7. Short-term financing,  and the expense of operation and maintenance of the water project.  (Added to NRS by 1987, 2273)
NV Rev Stat § 349.938 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.938 - "Director" defined.

Director means the Director of the Department of Business and Industry or any person within the Department of Business and Industry designated by the Director to perform duties in connection with a water project or the issuance of bonds.  (Added to NRS by 1987, 2274; A 1993, 1570)
NV Rev Stat § 349.939 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.939 - "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 water project or of the collection and administration of revenues from a water project. The term includes, among other expenses:  1. Expenses for engineering, auditing, reporting, legal services and other expenses of the Director which are directly related to the administration of water projects.  2. Premiums for fidelity bonds and policies of property and liability insurance pertaining to water projects, and shares of the premiums of blanket bonds and policies which may be reasonably allocated to the State.  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 bonds.  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 bonds, including the expenses of any trustee, receiver or other fiduciary.  6. Costs incurred in the collection and any refund of revenues from the water project, including the amount of the refund.  (Added to NRS by 1987, 2274; A 1999, 1472)
NV Rev Stat § 349.940 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.940 - "Mortgage" defined.

Mortgage includes a deed of trust and any other security agreement covering real or personal property, or both.  (Added to NRS by 1987, 2274)
NV Rev Stat § 349.941 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.941 - "Obligor" defined.

Obligor means the natural person, partnership, firm, company, public utility, corporation, association, trust, estate, political subdivision, state agency or any other legal entity, or its legal representative, who agrees to make the payments sufficient to pay the principal of, premium, if any, and interest on the state securities or revenue bonds issued pursuant to NRS 349.935 to 349.961, inclusive.  (Added to NRS by 1987, 2274)
NV Rev Stat § 349.942 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.942 - "Revenue bonds" defined.

Revenue bonds means bonds, notes or other securities evidencing a special limited obligation of the State, the principal and interest of which are payable solely out of revenues derived from the financing, leasing or sale of the water project to be financed.  (Added to NRS by 1987, 2274)
NV Rev Stat § 349.943 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.943 - "State securities" defined.

State securities means notes, warrants, interim debentures, bonds and temporary bonds issued as general obligations by the Director for any water project 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 water projects.  (Added to NRS by 1987, 2275)
NV Rev Stat § 349.944 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.944 - "Tax" defined.

Tax means a general tax upon property.  (Added to NRS by 1987, 2275)
NV Rev Stat § 349.945 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.945 - "Water project" defined.

Water project means a project for the management, control, delivery, use or distribution of water.  (Added to NRS by 1987, 2275)
NV Rev Stat § 349.946 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.946 - General powers of Director; adoption of regulations.

The Director has all the powers necessary to accomplish the purposes set forth in NRS 349.935 to 349.961, inclusive. These powers must be exercised for the health, safety, convenience, prosperity and welfare of the inhabitants of this state. The Director may adopt such regulations as are necessary to carry out the provisions of NRS 349.935 to 349.961, inclusive.  (Added to NRS by 1987, 2275)
NV Rev Stat § 349.947 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.947 - Liberal construction.

NRS 349.935 to 349.961, inclusive, must be liberally construed to effectuate the purposes of those sections.  (Added to NRS by 1987, 2275)
NV Rev Stat § 349.948 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.948 - Prerequisites for financing water projects.

The Director shall not finance a water project unless, before financing:  1. The water project has been finally approved by the Board after a public hearing on the matter.  2. The Director finds and the State Board of Finance approves the findings of the Director that:  (a) The contemplated lessee, purchaser or other obligor has sufficient financial resources to place the water project in operation and to continue its operation, meeting the obligations of the lease, purchase contract or financing agreement;  (b) There are sufficient safeguards to assure that all money provided by the Director will be expended solely for the purposes of the water project; and  (c) The total amount of money necessary to be provided by the Director for financing the water project has been determined in writing by the Board on a form acceptable to the Director.  3. For the issuance of state securities, the Director and the State Board of Finance have received and approved the authorizing documents showing the legal authority for the obligor to borrow and repay the proceeds of the state securities.  4. For the issuance of revenue bonds, the Director and the State Board of Finance have received and approved:  (a) The financial plan showing that the revenues to be derived from the water project are adequate to pay the principal and interest on such bonds;  (b) A 5-year operating history from the contemplated lessee, purchaser or other obligor or from a parent or other guarantor, who guarantees the payments of principal and interest on any bonds issued; and  (c) A written statement from the obligor affirming that the obligor does not undertake to commit the State, and any political subdivision or municipality thereof to incur any pecuniary liability in connection with the issuance of the bonds.  (Added to NRS by 1987, 2275; A 1995, 2238)
NV Rev Stat § 349.949 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.949 - Forms 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 30 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.  3. State securities must be authorized by resolution of the Board of Finance at the request of the Director.  4. As an incidental expense to any water project to be financed by the bonds, the Director may employ:  (a) Financial and legal consultants in regard to the financing of the water project; and  (b) A person whose business is in Nevada or elsewhere to act as a trustee for the water project.  5. The bonds are fully negotiable under the terms of the Uniform Commercial Code — Investment Securities.  (Added to NRS by 1987, 2276; A 1995, 2238)
NV Rev Stat § 349.950 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.950 - Issuance of state securities or revenue bonds: Limitation on amount; payment; legislative declaration.

  1. The Director may, to pay the cost of any water project, borrow money or otherwise become obligated, and may provide evidence of those obligations by issuing, except as otherwise provided in this subsection, state securities or revenue bonds. If the obligor is not a governmental entity, the Director shall issue only revenue bonds to fulfill the obligation.  2. Except as otherwise provided in this subsection, state obligations may be outstanding pursuant to this section in an aggregate principal amount of not more than $200,000,000. No state obligations, other than refunding obligations, may be issued pursuant to this section after August 1, 2003.  3. State securities must be payable from taxes and may be additionally secured by all or any designated revenues from one or more water projects. Any governmental entity statutorily authorized to levy taxes for the payment of bonded indebtedness may use the proceeds of those taxes to pay the principal of, interest on and redemption premiums due in connection with state securities issued pursuant to this section. Any such state securities may be issued without an election or other preliminaries. No state securities may be issued to refund any municipal securities issued to finance a water project before July 1, 1987.  4. Provisions of NRS 349.150 to 349.364, inclusive, which are not inconsistent with the provisions of NRS 349.935 to 349.961, inclusive, apply to the issuance of state securities under this section. Provisions of NRS 349.400 to 349.670, inclusive, which are not inconsistent with the provisions of NRS 349.935 to 349.961, inclusive, apply to the issuance of revenue bonds under this section.  5. The Legislature finds and declares that the issuance of state securities pursuant to NRS 349.935 to 349.961, inclusive, is necessary for the protection and preservation of the natural resources of this state and for the purpose of obtaining the benefits thereof, and constitutes an exercise of the authority conferred by the second paragraph of Section 3 of Article 9 of the Constitution of the State of Nevada.  (Added to NRS by 1987, 2276; A 2003, 20th Special Session, 289)
NV Rev Stat § 349.951 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.951 - Director may charge fee against obligor; use of proceeds.

  1. The Director may charge the obligor a fee not to exceed 2 percent of the principal amount of the financing, including a nonrefundable application fee not to exceed 0.25 percent of the principal amount or $7,500, whichever is less, payable either in advance or at the time the bonds are issued. The Director shall deposit all money received pursuant to this section, except money received from application fees, with the State Treasurer for credit to the Account for the Financing of Water Projects.  2. Money received from application fees collected pursuant to this section must be:  (a) Accounted for separately in the State General Fund.  (b) Used by the Director to support the operations of his or her office in administering the provisions of NRS 349.935 to 349.961, inclusive.  3. Whether or not bonds are issued, the Director shall use money received pursuant to this section, except money received from application fees, to reimburse his or her office for the expenses and costs incurred in financing the water project and, within the limits of money available for this purpose, to reimburse a municipality pursuant to the provisions of NRS 349.961. Any portion of the money so received, except money received from application fees, which exceeds the Director’s expenses and costs must be refunded to the obligor.  (Added to NRS by 1987, 2277; A 1991, 2251; 1993, 638)
NV Rev Stat § 349.952 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.952 - Account for the Financing of Water Projects: Deposits; application of revenue; investment of money from revenue bonds.

  1. Except as otherwise provided in subsection 3 and NRS 349.951, all amounts received by the Director from an obligor in connection with any financing undertaken pursuant to NRS 349.935 to 349.961, inclusive, must be deposited with the State Treasurer for credit to the Account for the Financing of Water Projects which is hereby created in the Fund for Natural Resources, which is hereby created as a special revenue fund.  2. Any revenue from water projects financed with state securities which is in the Account must be applied in the following order of priority:  (a) Deposited into the Consolidated Bond Interest and Redemption Fund in amounts necessary to pay the principal of, interest on and redemption premiums due in connection with state securities issued for water projects.  (b) Deposited into any reserve account created for the payment of the principal of, interest on and redemption premiums due in connection with state securities issued for water projects, in amounts and at times determined to be necessary.  (c) Paid out for expenses of operation and maintenance.  3. Any revenue from water projects financed with revenue bonds may:  (a) Be deposited in the Account for the Financing of Water Projects and subject to the provisions of subsection 2; or  (b) Subject to any agreement with the holders of the bonds, be invested, deposited or held by the Director in such funds or accounts as the Director deems necessary or desirable. If the Director is acting pursuant to this subsection, he or she need not deposit the 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 1987, 2277; A 1991, 2251; 1993, 639; 2001, 2750)
NV Rev Stat § 349.953 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.953 - Refunding.

  1. Any bonds issued under the provisions of NRS 349.935 to 349.961, 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.  (Added to NRS by 1987, 2277)
NV Rev Stat § 349.954 (2021)
2021 Nevada Revised Statutes|Chapter 349 - State Obligations|NRS 349.954 - 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 water project or improvements authorized by NRS 349.935 to 349.961, inclusive, after 30 days after the effective date of the order of the director authorizing the issuance of those bonds.  (Added to NRS by 1987, 2278)