reglab/housing_qa huggingface dataset:
NV Rev Stat § 350.630 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.630 - Denomination, negotiability and maturity of municipal securities; rate of interest.

  1. As the governing body may determine, any bonds and other municipal securities issued hereunder, except as otherwise provided in the Local Government Securities Law, or in any act supplemental thereto, must:  (a) Be of a convenient denomination or denominations;  (b) Be fully negotiable within the meaning of and for all the purposes of the Uniform Commercial Code — Investment Securities;  (c) Mature at such time or serially at such times in regular numerical order at annual or other designated intervals in amounts designated and fixed by the governing body, except as herein otherwise provided;  (d) Bear interest at a rate or rates which do not exceed the limit provided in NRS 350.2011, payable annually, semiannually or at other designated intervals, but the first interest payment date may be for interest accruing for any other period;  (e) Be made payable in lawful money of the United States, at the office of the treasurer or any commercial bank or commercial banks within or without or both within and without the State as may be provided by the governing body; and  (f) Be printed at such a place, within or without this State, as the governing body may determine.  2. Except as otherwise provided in subsection 3, general obligation bonds must mature within 30 years from their respective dates and, if they mature serially, commencing not later than the fifth year thereafter, in such manner as the governing body may determine.  3. General obligation bonds issued for a water facility or wastewater facility must mature within 40 years from their respective dates and, if they mature serially, commencing not later than the 15th year thereafter, in such manner as the governing body may determine.  4. Special obligation bonds must mature within 50 years from their respective dates.  5. As used in this section:  (a) "Wastewater facility" has the meaning ascribed to it in NRS 377B.030.  (b) "Water facility" has the meaning ascribed to it in NRS 377B.050.  (Added to NRS by 1967, 433; A 1969, 1293; 1971, 2118; 1975, 867; 1981, 948, 1404; 1983, 575; 2011, 3327)
NV Rev Stat § 350.632 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.632 - Payment of principal, interest and premium when due without further order.

The principal of, the interest on and any prior redemption premium due in connection with any municipal securities shall be paid as the same become due in accordance with the terms of the securities and any ordinances and other proceedings appertaining to their issuance, without any warrant or further order or other preliminaries.  (Added to NRS by 1967, 433)
NV Rev Stat § 350.634 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.634 - Interest coupons.

Any bonds issued hereunder (except temporary bonds) shall have one or two sets of interest coupons, bearing the number of the bond to which they are respectively attached, numbered consecutively in regular numerical order, and attached in such manner that they can be removed upon the payment of the installments of interest without injury to the bonds, except as herein otherwise provided.  (Added to NRS by 1967, 434)
NV Rev Stat § 350.636 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.636 - Execution, signing and authentication of municipal securities and coupons.

Bonds and other municipal securities issued hereunder shall be executed in the name of the municipality, shall be signed by the chair of the municipality and by the treasurer, and shall be attested by the clerk; and the bonds or other securities shall be authenticated by the seal of the municipality affixed thereto, unless it has no seal. Any coupons shall be signed by the treasurer. Facsimile signatures may be used on any coupons.  (Added to NRS by 1967, 434)
NV Rev Stat § 350.638 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.638 - Facsimile signatures and seals.

Any bonds or other securities, including without limitation any certificates endorsed thereon, may be executed with facsimile signatures and seals as provided in chapter 351 of NRS. A compliance therewith is not a condition precedent to the execution of any coupon with a facsimile signature.  (Added to NRS by 1967, 434; A 1985, 279)
NV Rev Stat § 350.640 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.640 - Securities not invalid because signatories cease to fill offices.

The bonds, any coupons appertaining thereto and other securities, bearing the signatures of the officers in office at the time of the signing thereof, shall be the valid and binding obligations of the municipality, notwithstanding that before the delivery thereof and payment therefor any or all of the persons whose signatures appear thereon have ceased to fill their respective offices.  (Added to NRS by 1967, 434)
NV Rev Stat § 350.642 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.642 - Adoption of facsimile signature of predecessor in office.

Any officer authorized or permitted to sign any bonds, any coupons or any other securities, at the time of their execution and of a signature certificate appertaining thereto, may adopt as and for his or her own facsimile signature the facsimile signature of his or her predecessor in office in the event that such facsimile signature appears upon the bonds, coupons and other securities appertaining thereto, or any combination thereof.  (Added to NRS by 1967, 435)
NV Rev Stat § 350.644 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.644 - Redemption before maturity.

The governing body may provide for the redemption of any or all of the bonds or other municipal securities before maturity, in such order, by lot or otherwise, at such a time or times, without or with the payment of such a premium or premiums not exceeding 9 percent of the principal amount of each bond or other security so redeemed, and otherwise upon such terms as may be provided by the governing body in the ordinance authorizing the issuance of the securities or other instrument appertaining thereto.  (Added to NRS by 1967, 435; A 1971, 2118; 1975, 868; 1981, 1405)
NV Rev Stat § 350.646 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.646 - Repurchase of municipal securities.

Any bonds or other municipal securities may be repurchased by the governing body out of any funds available for such purpose at a price of not more than the principal amount thereof and accrued interest, plus the amount of the premium, if any, which might on the next prior redemption date of such securities be paid to the holders thereof if such securities should be called for redemption on such date pursuant to their terms, and all securities so repurchased shall be cancelled; but if the securities may not be called for prior redemption at the municipality’s option within 1 year from the date of their purchase, they may be repurchased without limitation as to price.  (Added to NRS by 1967, 435)
NV Rev Stat § 350.648 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.648 - Use of money received from issuance of municipal securities.

All moneys received from the issuance of any securities herein authorized shall be used solely for the purpose or purposes for which issued and to defray wholly or in part the cost of the project thereby delineated. Any accrued interest and any premium shall be applied to the cost of the project or to the payment of the interest on or the principal of the securities, or both interest and principal, or shall be deposited in a reserve therefor, or any combination thereof, as the governing body may determine.  (Added to NRS by 1967, 435)
NV Rev Stat § 350.650 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.650 - Disposition of unexpended balance of proceeds after completion of project.

Any unexpended balance of the proceeds of such securities remaining after the completion of the acquisition or improvement of properties pertaining to the project or otherwise the completion of the purpose or purposes for which such securities were issued shall be credited immediately to the fund or account created for the payment of the interest on or the principal of the securities, or both principal and interest, and shall be used therefor, subject to the provisions as to the times and methods for their payment as stated in the securities and the proceedings authorizing or otherwise appertaining to their issuance, or so paid into a reserve therefor, or any combination thereof, as the governing body may determine.  (Added to NRS by 1967, 435)
NV Rev Stat § 350.652 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.652 - Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds.

  1. The validity of any securities shall not be dependent on nor affected by the validity or regularity of any proceedings relating to a project or the proper completion of any purpose for which the securities are issued.  2. The purchaser or purchasers of the securities shall in no manner be responsible for the application of the proceeds of the securities by the municipality or any of its officers, agents and employees.  (Added to NRS by 1967, 435)
NV Rev Stat § 350.654 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.654 - Special funds and accounts: Creation; purposes.

The governing body in any ordinance authorizing the issuance of bonds or other securities hereunder or in any instrument or other proceedings appertaining thereto may create special funds and accounts for the payment of the cost of a project, of operation and maintenance expenses, of the securities, including the accumulation and maintenance of reserves therefor, of improvements, including the accumulation and maintenance of reserves therefor, and of other obligations appertaining to the securities, any project or any facilities.  (Added to NRS by 1967, 436)
NV Rev Stat § 350.656 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.656 - Employment of legal and other expert services; contracts for sale and other purposes.

  1. The governing body on the behalf of the municipality may employ legal, fiscal, engineering and other expert services in connection with any project or any facilities, or both such project and facilities, and the authorization, sale and issuance of bonds and other securities hereunder.  2. The governing body on the behalf of the municipality is authorized to enter into any contracts or arrangements, not inconsistent with the provisions hereof, with respect to the sale of bonds or other securities hereunder, the employment of engineers, architects, financial consultants and bond counsel, and other matters as the governing body may determine to be necessary or desirable in accomplishing the purposes hereof.  (Added to NRS by 1967, 436)
NV Rev Stat § 350.659 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.659 - Investment and reinvestment of revenues and proceeds of taxes and certain securities in investment contract collateralized with federal securities by governing body in county whose population is 20,000 or more.

The governing body of a local government in a county whose population is 20,000 or more, subject to any contractual limitations from time to time imposed upon the local government by any ordinance authorizing the issuance of outstanding securities of the local government or by any trust indenture or other proceedings appertaining thereto, may cause to be invested and reinvested, except as otherwise provided in NRS 350.698, any proceeds of taxes, any pledged revenues and any proceeds of bonds or other local government securities issued hereunder for which the amount of the principal of the original issuance was $5,000,000 or more in an investment contract that is collateralized with securities issued by the Federal Government or agencies of the Federal Government if:  1. The collateral has a market value of at least 102 percent of the amount invested and any accrued unpaid interest thereon;  2. In a county whose population is 20,000 or more but less than 55,000:  (a) The local government employs a full-time finance director; and  (b) The terms of the investment contract have been reviewed by independent bond counsel, who has determined that the contract complies with this section;  3. The local government receives a security interest in the collateral that is fully perfected and the collateral is held in custody for the local government or its trustee by a third-party agent of the local government which is a commercial bank authorized to exercise trust powers;  4. The market value of the collateral is determined not less frequently than weekly and, if the ratio required by subsection 1 is not met, sufficient additional collateral is deposited with the agent of the local government to meet that ratio within 2 business days after the determination; and  5. The party with whom the investment contract is executed is a commercial bank, or that party or a guarantor of the performance of that party is:  (a) An insurance company which has a rating on its ability to pay claims of not less than "Aa2" by Moody’s Investors Service, Inc., or "AA" by Standard and Poor’s Ratings Services, or their equivalent; or  (b) An entity which has a credit rating on its outstanding long-term debt of not less than "A2" by Moody’s Investors Service, Inc., or "A" by Standard and Poor’s Ratings Services, or their equivalent.  (Added to NRS by 1997, 2868; A 2003, 824; 2007, 2522; 2011, 1218)
NV Rev Stat § 350.662 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.662 - Pledged revenues received or credited subject to immediate lien; priority and validity of lien.

  1. Revenues pledged for the payment of any securities, as received by or otherwise credited to the municipality, shall immediately be subject to the lien of each such pledge without any physical delivery thereof, any filing or further act.  2. The lien of each such pledge and the obligation to perform the contractual provisions made in the authorizing resolution or other instrument appertaining thereto shall have priority over any or all other obligations and liabilities of the municipality, except as may be otherwise provided herein or in the resolution or other instrument, and subject to any prior pledges and liens theretofore created.  3. The lien of each such pledge shall be valid and binding as against all persons having claims of any kind in tort, contract or otherwise against the municipality irrespective of whether such persons have notice thereof.  (Added to NRS by 1967, 439)
NV Rev Stat § 350.664 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.664 - Rights and powers of holders of municipal securities and trustees.

Subject to any contractual limitations binding upon the holders of any issue or series of municipal securities, or trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion, percentage or number of such holders, and subject to any prior or superior rights of others, any holder of securities, or trustee therefor, shall have the right and power, for the equal benefit and protection of all holders of securities similarly situated:  1. By mandamus or other suit, action or proceeding at law or in equity to enforce his or her rights against the municipality, the governing body, and any other of the officers, agents and employees of the municipality, to require and compel the municipality, the governing body, or any such officers, agents or employees to perform and carry out their respective duties, obligations or other commitments hereunder and their respective covenants and agreements with the holder of any security;  2. By action or suit in equity to require the municipality to account as if it is the trustee of an express trust;  3. By action or suit in equity to have appointed a receiver, which receiver may enter and take possession of any facilities and any pledged revenues for the payment of the securities, prescribe sufficient fees derived from the facilities, and collect, receive and apply all pledged revenues or other moneys pledged for the payment of the securities in the same manner as the municipality itself might do in accordance with the obligations of the municipality; and  4. By action or suit in equity to enjoin any acts or things which may be unlawful or in violation of the rights of the holder of any securities and to bring suit thereupon.  (Added to NRS by 1967, 439)
NV Rev Stat § 350.666 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.666 - Receivers: Appointment; powers and duties.

  1. If an ordinance of the governing body authorizing or providing for the issuance of any municipal securities of any series or any other proceedings appertaining thereto contains a provision authorized by subsection 19 of NRS 350.660 and further provides in substance that any trustee appointed pursuant to subsection 16 of NRS 350.660 shall have the powers provided by that subsection, then such trustee, whether or not all of the bonds or other securities of such series have been declared due and payable, shall be entitled as of right to the appointment of a receiver of the facilities appertaining thereto.  2. Any receiver appointed as permitted by subsection 19 of NRS 350.660 may enter upon and take possession of the facilities and property appertaining thereto, and, subject to any pledge or contract with the holders of such securities, shall take possession of all moneys and other property derived from or applicable to the acquisition, operation, maintenance or improvement of the facilities and proceed with such acquisition, operation, maintenance or improvement which the governing body on the behalf of the municipality is under any obligation to do, and operate, maintain, equip and improve the facilities, and fix, charge, collect, enforce and receive the service charges and all revenues thereafter arising subject to any pledge thereof or contract with the holders of such securities relating thereto and perform the public duties and carry out the contracts and obligations of the municipality in the same manner as the governing body itself might do and under the direction of the court.  (Added to NRS by 1967, 440)
NV Rev Stat § 350.668 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.668 - Rights and remedies cumulative.

No right or remedy conferred upon any holder of any securities or any coupon appertaining thereto or any trustee for such holder hereby or by any proceedings appertaining to the issuance of such securities or coupon is exclusive of any right or remedy, but each such right or remedy is cumulative and in addition to every other right or remedy and may be exercised without exhausting and without regard to any other remedy conferred hereby or by any other law.  (Added to NRS by 1967, 440)
NV Rev Stat § 350.670 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.670 - Failure of holder to proceed does not relieve municipality, governing body and officers, agents and employees of municipality of liability for nonperformance of duties.

The failure of any holder of any municipal securities or any coupons appertaining thereto so to proceed as herein provided or in such proceedings shall not relieve the municipality, the governing body or any of the officers, agents and employees of the municipality of any liability for failure to perform or carry out any duty, obligation or other commitment.  (Added to NRS by 1967, 440)
NV Rev Stat § 350.672 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.672 - Interim debentures: Issuance for general or special obligations.

  1. Notwithstanding any limitation or other provision herein, whenever the municipality is authorized to issue general obligation bonds, but only if the qualified electors of the municipality voting on a proposal to issue the general obligation bonds have authorized in the manner required by law their issuance by the municipality for any project, if such general obligation bonds as a condition to their issuance are so required to be authorized at an election, the municipality is authorized to borrow money without any other election in anticipation of the proceeds of taxes, the proceeds of the bonds, the proceeds of pledged revenues, or any other moneys of the municipality, or any combination thereof, and to issue general obligation interim debentures to evidence the amount so borrowed.  2. Notwithstanding any limitation or other provision herein, whenever the municipality is authorized to issue special obligation revenue bonds, but only if the qualified electors of the municipality voting on a proposal to issue the revenue bonds have authorized in the manner required by law their issuance by the municipality for any project, if such revenue bonds as a condition to their issuance are so required to be authorized at an election, the municipality also is authorized to borrow money without any election in anticipation of the proceeds of revenue bonds or any other special obligations of the municipality and of its pledged revenues, or any combination thereof, but excluding the proceeds of any taxes, and to issue special obligation interim debentures to evidence the amount so borrowed.  (Added to NRS by 1967, 440)
NV Rev Stat § 350.674 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.674 - Issuance of municipal securities constituting debt to fund or refund special obligations not constituting indebtedness: Conditions; restrictions.

  1. Subject to the provisions of subsections 2, 3, 4 and 5, nothing contained herein shall be construed as authorizing the municipality to issue any municipal securities constituting a debt for the purpose of funding or refunding municipal securities constituting special obligations which do not constitute an indebtedness.  2. Any special obligation securities of a municipality pertaining to any project may be funded or refunded by general obligation securities pertaining to the project only if the municipality is authorized by law to issue such funding or refunding securities at the time of their issuance, even though the municipality was not so authorized to issue them at the time of the issuance of any such funded or refunded securities.  3. If the issuance of general obligation bonds to defray the cost of the project is conditioned upon their approval by the qualified electors of the municipality at an election, any general obligation securities pertaining to the project and creating an indebtedness, by funding or refunding special obligation securities or otherwise, may be issued only if the bonds have been so approved at an election in the manner provided by law.  4. If a debt limitation pertains to any general obligation bonds or other securities of a municipality constituting an indebtedness and relating to any project, no general obligation securities pertaining to the project and creating an indebtedness, by funding or refunding special obligation securities or otherwise (in contradistinction to funding or refunding bonds merely reevidencing an indebtedness formerly evidenced by the securities funded or refunded), shall be issued in a principal amount exceeding such debt limitation.  5. No bonds of a municipality shall be refunded by the issuance of its interim debentures, its notes or its warrants. No interim debentures of a municipality shall be funded by the issuance of its notes or its warrants.  (Added to NRS by 1967, 441; A 1969, 1593)