reglab/housing_qa huggingface dataset:
NV Rev Stat § 396.846 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.846 - Types of securities which may be issued; series.

The University or the Board may issue in one series or more, without their being authorized at any election, in anticipation of net pledged revenues, and constituting special obligations of the University or the Board, any one or more or all of the following types of securities:  1. Notes, evidencing any amount borrowed by the University or the Board;  2. Warrants, evidencing the amount due to any person for any services, or supplies, equipment or other materials furnished to the University or the Board for the benefit of the University and appertaining to an authorized project;  3. Bonds, evidencing any amount borrowed by the University or the Board and constituting long-term financing;  4. Temporary bonds, pending the preparation of and exchangeable for definitive bonds of like character and in principal amount when prepared and issued in compliance with the conditions and limitations herein provided; and  5. Interim debentures, evidencing any emergency loans, construction loans, and other temporary loans of not exceeding 3 years, in supplementation of long-term financing and the issuance of bonds, as provided in NRS 396.868 to 396.871, inclusive.  (Added to NRS by 1967, 10)
NV Rev Stat § 396.847 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.847 - Notes and warrants: Maturity; extension or funding.

Notes and warrants may mature at such time or times not exceeding 1 year from the date or the respective dates of their issuance as the Board may determine. They shall not be extended or funded except by the issuance of bonds or interim debentures in compliance with NRS 396.868 and other provisions herein supplemental thereto.  (Added to NRS by 1967, 10)
NV Rev Stat § 396.848 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.848 - Temporary bonds: Conditions, terms and provisions; holder’s rights and remedies.

Each temporary bond shall set forth substantially the same conditions, terms and provisions as the definitive bond for which it is exchanged. Each holder of a temporary bond shall have all the rights and remedies which he or she would have as a holder of the definitive bond for which the temporary bond is to be exchanged.  (Added to NRS by 1967, 10)
NV Rev Stat § 396.849 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.849 - Resolution authorizing issuance of securities: Description of purposes.

The resolution authorizing the issuance of any securities hereunder shall describe the purpose or purposes for which they are issued at least in general terms and may describe any purpose in detail.  (Added to NRS by 1967, 10)
NV Rev Stat § 396.8495 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.8495 - Resolution authorizing issuance of securities may fix rate of interest; Board of Regents authorized to enter into agreement for assurance of payment in connection with securities; exemption from limitation on rates of interest.

  1. The resolution authorizing the issuance of any securities or any trust indenture or other instrument appertaining thereto may fix a rate or rates of interest or provide for the determination of the rate or rates from time to time by a designated agent according to the procedure specified in that resolution or other instrument. The rate so determined must approximate the rates then being paid for other securities which contain similar provisions and have an equivalent rating. The Board may contract with or select any person to make that determination.  2. The Board may enter into an agreement with a third party for an assurance of payment of the principal of, the interest on, or premiums, if any, due in connection with any securities issued by the Board. The obligation of the Board to reimburse that third party for any advances made pursuant to that agreement may be provided in that agreement, recited in those securities or evidenced by another instrument as designated in the resolution authorizing the issuance of those securities or any other instrument appertaining thereto. The Board may assign its rights under that agreement.  3. In fixing the rate or rates of interest for securities pursuant to subsection 1 or the rate or rates of interest imposed on the Board for reimbursement of any advances made under an agreement pursuant to subsection 2, the Board is not subject to any limitations on rates of interest provided by statute, including, without limitation, NRS 396.852. The resolution fixing that rate or rates of interest must contain the findings of the Board that the procedure specified therein for determining that rate or rates is reasonable under existing or anticipated conditions in the market and is necessary and advisable for marketing the securities. These findings are conclusive. This section does not prohibit the Board from fixing a maximum rate of interest.  (Added to NRS by 2001, 2647)
NV Rev Stat § 396.850 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.850 - Details of securities provided by resolution.

Except as herein otherwise provided and as otherwise provided in any other act the provisions of which are relevant by express reference herein thereto, any securities issued hereunder must be:  1. In such form;  2. Issued in such manner, at, above or below par at such a discount not exceeding 9 percent of the principal amount of the securities, at public or private sale, and at a price which will result in an effective interest rate which does not exceed by more than 3 percent the Index of Revenue Bonds which was most recently published before the bids are received or a negotiated offer is accepted; and  3. Issued with such recitals, terms, covenants, conditions and other provisions,  as may be provided by the Board in a resolution authorizing their issuance and in any indenture or other proceedings appertaining thereto.  (Added to NRS by 1967, 10; A 1969, 1298; 1971, 2120; 1975, 873; 1981, 1416; 1983, 584)
NV Rev Stat § 396.851 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.851 - Recital in securities conclusive evidence of validity and regularity of issuance.

A resolution providing for the issuance of bonds or other securities hereunder or an indenture or other proceedings appertaining thereto may provide that the securities contain a recital that they are issued pursuant to the University Securities Law, which recital shall be conclusive evidence of their validity and the regularity of their issuance.  (Added to NRS by 1967, 11)
NV Rev Stat § 396.852 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.852 - Denomination, negotiability and maturity of securities; interest and interest coupons.

  1. Except as otherwise provided in this section and NRS 99.067, as the Board may determine, any bonds and other securities issued hereunder 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 Board, but not exceeding 50 years from their date;  (d) Bear interest at a rate or rates which do not exceed by more than 3 percent the Index of Revenue Bonds which was most recently published before the bids are received or a negotiated offer is accepted, the interest on each bond to be 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 of the University or any commercial bank or commercial banks within or without or both within and without the State as may be provided by the Board; and  (f) Be printed at such place within or without this state, as the Board may determine.  2. Any bonds issued hereunder must 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 a 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, 11; A 1969, 1298; 1971, 2121; 1975, 873; 1981, 1416; 1983, 584; 2009, 2661)
NV Rev Stat § 396.853 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.853 - Execution, signing, countersigning and authentication of securities and coupons; facsimile signature.

  1. Bonds and other securities issued hereunder shall be executed in the name of the University or the Board, shall be signed by the Chair of the Board, shall be attested by the Secretary of the Board, shall be countersigned by the Chancellor of the University, and shall be countersigned by the Treasurer of the University; and the bonds or other securities shall be authenticated by the official seal of the University or the Board. Any coupons shall be signed by the Treasurer of the University. Facsimile signatures may be used on any coupons.  2. Any bonds or other securities, including without limitation any certificates endorsed thereon, may be executed as provided in the Uniform Facsimile Signatures of Public Officials Act, cited as chapter 351 of NRS. (A compliance therewith is not a condition precedent to the execution of any coupon with a facsimile signature.)  3. 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 University or the Board, as the case may be, 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.  4. 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, 11; A 1969, 1441)
NV Rev Stat § 396.854 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.854 - Redemption before maturity.

The Board may provide for the redemption of any or all of the bonds or other securities before maturity, in such order, by lot or otherwise, at such time or times, without or with the payment of such 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 Board in the resolution authorizing the issuance of the securities or other instrument appertaining thereto.  (Added to NRS by 1967, 12; A 1971, 2122; 1975, 873; 1981, 1416)
NV Rev Stat § 396.855 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.855 - Repurchase of bonds and other securities.

Any bonds or other securities may be repurchased by the Board 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 University’s or the Board’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, 12)
NV Rev Stat § 396.856 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.856 - Use of money received from issuance of 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 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 Board may determine.  (Added to NRS by 1967, 12)
NV Rev Stat § 396.857 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.857 - Disposition of unexpended balance 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 must be credited immediately to the Special Capital Construction Fund for Higher Education, or any other fund or account of the University or the Board for the construction therefor of capital improvements, or the fund or account created for the payment of the interest on or the principal of the securities, or both principal and interest, and must 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 Board may determine.  (Added to NRS by 1967, 12; A 1979, 361; 1983, 134)
NV Rev Stat § 396.858 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.858 - 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 University or the Board or any officers, agents and employees of the Board or the University, or of both.  (Added to NRS by 1967, 12)
NV Rev Stat § 396.859 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.859 - Special funds and accounts: Creation; purposes.

The Board in any resolution 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 otherwise in connection with the University.  (Added to NRS by 1967, 12)
NV Rev Stat § 396.860 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.860 - Employment of legal and other expert services; contracts for sale and other purposes.

  1. The Board on its behalf or on the University’s behalf may employ legal, fiscal, engineering, and other expert services in connection with any project or otherwise appertaining to the University and the authorization, sale and issuance of bonds and other securities hereunder.  2. The Board on its behalf or on the University’s behalf 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 bond counsel, and other matters as the Board may determine to be necessary or desirable in accomplishing the purposes hereof.  (Added to NRS by 1967, 13)
NV Rev Stat § 396.861 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.861 - Investment and reinvestment of revenues and proceeds of securities in federal securities.

  1. The Board may cause to be invested and reinvested any pledged revenues and any proceeds of bonds or other securities issued hereunder in federal securities and may cause such revenues, proceeds of securities and federal securities to be deposited in any trust bank or trust banks within or without or both within and without this state and secured in such manner and subject to such terms and conditions as the Board may determine, with or without the payment of any interest on such deposit, including without limitation time deposits evidenced by certificates of deposit.  2. Any federal securities and any such certificates of deposit thus held may, from time to time, be sold and the proceeds may be so reinvested or redeposited as provided in this section.  3. Sales and redemptions of any federal securities and such certificates of deposit thus held shall, from time to time, be made in season so that the proceeds may be applied to the purposes for which the money with which the federal securities and certificates of deposit were originally acquired was placed in the treasury of the University or the Board.  4. Any gain from any such investments or reinvestments may be credited to any fund or account pledged for the payment of any securities issued hereunder, including any reserve therefor, or any other fund or account appertaining to a project or otherwise appertaining to the University.  5. It is lawful for any commercial bank incorporated under the laws of this state which may act as depository of the proceeds of any securities issued hereunder, any federal securities owned by the University or the Board, any pledged revenues, and any moneys otherwise appertaining to the University to furnish such indemnifying bonds or to pledge such federal securities or such other securities as may be required by the Board.  (Added to NRS by 1967, 13)
NV Rev Stat § 396.8615 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.8615 - Investment and reinvestment of pledged revenues and proceeds of securities issued in investment contract collateralized with securities issued by Federal Government.

In addition to the investments permitted by NRS 396.861, the Board, subject to any contractual limitations from time to time imposed upon the University by any resolution authorizing the issuance of outstanding securities or by any trust indenture or other proceedings appertaining thereto, may cause to be invested and reinvested, except as otherwise provided in NRS 396.876, any pledged revenues and any proceeds of securities issued hereunder 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. The University receives a security interest in the collateral that is fully perfected and the collateral is held in custody for the University or its trustee by a third-party agent of the University which is a commercial bank authorized to exercise trust powers;  3. 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 University to meet that ratio within 2 business days after the determination; and  4. 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 2001, 2648)
NV Rev Stat § 396.863 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.863 - 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 University or the Board, 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 University or the Board, except as may be otherwise provided herein or in such 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 Board or University irrespective of whether such persons have notice thereof.  (Added to NRS by 1967, 16)
NV Rev Stat § 396.864 (2021)
2021 Nevada Revised Statutes|Chapter 396 - Nevada System of Higher Education|NRS 396.864 - Rights and powers of holders of securities and trustees.

Subject to any contractual limitations binding upon the holders of any issue or series of 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 Board or University, or both, the Chancellor of the University, and any other of the officers, agents and employees of the Board or University, or both, to require and compel the Board or University, or both, 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 Board or University, or both, to account as if they were 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 Board itself might do in accordance with the obligations of the University or the Board; 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, 17; A 1969, 1441)