reglab/housing_qa huggingface dataset:
NV Rev Stat § 244A.699 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.699 - Power to sell capacity of project for generation and transmission of electricity and to charge for use of transmitting facilities; right of first refusal of electric utilities; unconditional contractual obligations.

  1. A county which acquired or which contemplates acquiring a project for the generation and transmission of electricity may sell all or part of its capacity and may charge for the use of its transmitting facilities, and for this purpose may contract with one or more purchasers. The amount sold or charged to any purchaser or any combination thereof must not exceed the amount allowable under the Internal Revenue Code of 1954, as amended, or the United States Treasury Regulations prescribed thereunder so as to result in a change in or loss of the exemption from federal income tax or the exclusion from gross income for the purposes of federal income tax for the interest paid, or to be paid, on any bonds issued by the county to finance all or a portion of the costs of acquiring, improving or equipping the project, unless the bonds are issued pursuant to NRS 244A.702.  2. If a county decides to sell capacity of the project after the expiration of all of the initial contracts for such sale, it shall give a first right of refusal to electric utilities which primarily serve retail customers in this state to purchase that capacity. No right of first refusal arises at any time by virtue of this section if and to the extent that, under the Internal Revenue Code and regulations prescribed thereunder as they exist at that time, such a right of first refusal would or could result in a change in or loss of the exemption from federal income tax or the exclusion from gross income for the purposes of federal income tax for the interest paid or to be paid on any bonds issued or to be issued by the county to finance all or a portion of the costs of acquiring, improving or equipping the project, unless the bonds are issued pursuant to NRS 244A.702.  3. Any agreement between a county and a purchaser of all or part of the capacity of a project may include a provision that the obligation of the purchaser to make payments:  (a) Exists whether or not:  (1) The project or any part thereof is completed, operating or capable of operation; or  (2) The generation of electricity from the project is stopped or reduced for any reason.  (b) Must not be reduced by offset or otherwise.  (c) Is not conditional upon the performance, by any party to the agreement described in this subsection, of that party’s obligation under any other agreement.  (Added to NRS by 1979, 677; A 1985, 641; 1987, 537)
NV Rev Stat § 244A.701 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.701 - Project for generation and transmission of electricity: Studies, surveys and options.

A county may issue bonds to finance solely the costs of studies, surveys and options with respect to a project for the generation and transmission of electricity. Before doing so, the county shall arrange for the repayment of those costs under an agreement or agreements which may provide for the purchase by the obligor or obligors thereunder of the studies, surveys and options through payments sufficient to pay the principal of and interest on the bonds issued to finance those costs if and to the extent the principal of and interest on such bonds are not paid from the proceeds of additional bonds issued to finance the remaining costs of the project. If the obligor or obligors decide that the project is not feasible, they shall pay the costs of the studies, surveys and options within 1 year. Such agreements may also include a commitment or agreement by the county to enter into contracts at a later date for the sale of all or part of the capacity of the project to or for the use of the transmitting facilities of the project by the obligors and for the construction and operation of such project by one or more purchasers of capacity of the project. The terms and provisions of such contracts to be executed at a later date must be approved by the board of county commissioners at the time of or before the first issuance of bonds.  (Added to NRS by 1979, 678)
NV Rev Stat § 244A.702 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.702 - Project for generation and transmission of electricity: Issuance of taxable bonds to acquire, improve or equip project.

  1. A county may issue revenue bonds the interest on which is not exempt from federal income tax or excluded from gross revenue for the purposes of federal income tax to finance or defray all or any portion of the cost of acquiring, improving and equipping a project for the generation and transmission of electricity.  2. A county may:  (a) Designate the portion of the capacity of the project which is to be owned by the county and the portion of the costs of the project which is to be financed with such bonds.  (b) Provide that such bonds are secured and payable separately from other bonds issued for the project, and provide for the allocation of the proceeds of the bonds and the revenues derived from the project.  (Added to NRS by 1987, 536)
NV Rev Stat § 244A.703 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.703 - Project for generation and transmission of electricity: Sale and issuance of additional bonds.

  1. If a county determines, in the proceedings or an agreement with respect to the first issuance of bonds for the purpose of financing a portion of the cost of a project for the generation and transmission of electricity, subsequently to issue additional bonds to finance the costs of the project, the costs of any improvements to the project which are necessary to meet the requirements of any governmental authority, and the costs of any replacements in the project occasioned by damage to, or the destruction or taking of, all or any part of the project, then the county is obligated, and it is the duty of the board of county commissioners or other appropriate officers, to sell and issue such additional bonds from time to time as may be necessary if:  (a) All conditions to their issuance contained in any contractual arrangement between the county and a lessee, purchaser or other obligor have been satisfied; and  (b) The terms of the bonds to be issued do not violate any law of this state in effect at the time of passage of the resolution authorizing the issuance of the bonds.  2. The requirements of NRS 244A.707 and 244A.711 do not apply to the issuance of bonds pursuant to this section.  (Added to NRS by 1979, 678)
NV Rev Stat § 244A.705 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.705 - Enforcement of county’s obligation to issue additional bonds or to contract for sale of capacity or for construction and operation of project.

Any lessee, purchaser, obligor, trustee or other representative of bondholders or any other interested party is entitled as of right to the enforcement of the obligations, if any, of the county to sell and issue additional bonds to finance the remaining costs of acquiring, improving, and equipping a project, or to contract for the sale of the capacity of the project or for the construction and operation of a project, by mandamus or other suit, action or proceeding at law or in equity to compel the county, its board of county commissioners or other appropriate officers to perform those obligations.  (Added to NRS by 1979, 680)
NV Rev Stat § 244A.707 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.707 - Notice and public hearing by board of county commissioners.

Except as otherwise provided in NRS 244A.703, before availing itself of the powers conferred by NRS 244A.697, 244A.699 or 244A.703 with respect to any project, a board of county commissioners shall:  1. Give notice of its intention by publication at least once in a newspaper of general circulation published in the county, or if there is no such newspaper then in a newspaper of general circulation in the county published in the State; and  2. Hold at least one public hearing, not less than 10 nor more than 20 days after the date of publication of the notice.  (Added to NRS by 1967, 1745; A 1979, 686)
NV Rev Stat § 244A.709 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.709 - Details of proposed terms and conditions of transaction not required in notice.

The board of county commissioners may enter into any contract, lease or other agreement or transaction appropriate to carry out the provisions of NRS 244A.669 to 244A.763, inclusive, even though it extends beyond their terms of office, without setting forth in detail in any notice the proposed terms or conditions thereof.  (Added to NRS by 1979, 680)
NV Rev Stat § 244A.713 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.713 - Bonds to be special obligations.

  1. All bonds issued by a county under the authority of NRS 244A.669 to 244A.763, inclusive, shall be special, limited obligations of the county. The principal of and interest on such bonds shall be payable, subject to the security provisions herein, solely out of the revenues derived from the financing, leasing or sale of the project to be financed by the bonds.  2. The bonds and interest coupons, if any, appurtenant thereto shall never constitute the debt or indebtedness of the county within the meaning of any provision or limitation of the Constitution of the State of Nevada or statutes, and shall not constitute nor give rise to a pecuniary liability of the county or a charge against its general credit or taxing powers. Such limitation shall be plainly stated on the face of each such bond.  (Added to NRS by 1967, 1746; A 1973, 968; 1975, 428)
NV Rev Stat § 244A.715 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.715 - Form and terms of bonds.

  1. The bonds must:  (a) Be authorized by resolution;  (b) Be in such denominations;  (c) Bear such date or dates;  (d) Mature at such time or times not exceeding 40 years from their respective dates;  (e) Be in such form;  (f) Carry such registration privileges;  (g) Be executed in such manner, including the use of one or more facsimile signatures so long as at least one manual signature appears on the bonds, which manual signature may be either an official of the county or an officer of the trustee authenticating the same;  (h) Be payable at such place or places within or without the State; and  (i) Be subject to such terms of redemption,  as the authorizing resolution may provide.  2. The resolution 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 a specified standard and procedure.  3. Except as otherwise provided in this subsection, the bonds may be sold in one or more series at par, or below or above par, in such manner and for such price or prices as the county, in its discretion, determines. In the case of a project for the generation and transmission of electricity, the determination with respect to the manner of sale of the bonds must be made in the best interest of the participants, upon the recommendation and with the concurrence of the management committee. As an incidental expense of the project, the county, in its discretion, may employ financial and legal consultants in regard to the financing of the project.  4. The bonds are fully negotiable under the terms of the Uniform Commercial Code — Investment Securities.  (Added to NRS by 1967, 1746; A 1971, 2098; 1975, 428; 1977, 588; 1979, 688; 1981, 389; 1983, 1159)
NV Rev Stat § 244A.717 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.717 - Security.

The principal of, the interest on and any prior redemption premiums due in connection with the bonds shall be payable from, secured by a pledge of and constitute a lien on the revenues out of which such bonds shall be made payable. In addition, they may, in the discretion of the county, be secured by:  1. A mortgage covering all or any part of the project, or upon any other property of the lessee, purchaser or obligor, or by a pledge of the lease, the agreement of sale or the financing agreement with respect to such project, or both.  2. A pledge of one or more notes, debentures, bonds or other secured or unsecured debt obligations of the obligor.  No county is authorized to pledge any of its property or otherwise secure the payment of any bonds with its property, except that the county may pledge the property of the project or the revenues therefrom.  (Added to NRS by 1967, 1747; A 1973, 968; 1975, 429; 1977, 589)
NV Rev Stat § 244A.719 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.719 - Terms of resolution and instruments.

The resolution under which the bonds are authorized to be issued, and any indenture or mortgage given to secure the same, may contain any provisions customarily contained in instruments securing bonds and constituting a covenant with the bondholders, including, but not limited to:  1. Custody of the proceeds from the sale of the bonds, including their investment and reinvestment until used to finance or defray the cost of the project.  2. The fixing and collection of payments, with respect to the project to be made under the lease, the agreement of sale or the financing agreement.  3. The terms to be incorporated in the lease, the agreement of sale or the financing agreement with respect to the project.  4. The maintenance and insurance of the project.  5. The creation of funds and accounts into which any bond proceeds, revenues and income may be deposited or credited.  6. Limitation on the purpose to which the proceeds of any bonds then or thereafter to be issued may be applied.  7. Limitations on the issuance of additional bonds, the terms upon which additional bonds may be issued and secured, the refunding of bonds and the replacement of bonds.  8. The procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated.  9. Vesting in a trustee or trustees located within or without this state such properties, rights, powers and duties in trust as the board may determine, and limiting the rights, duties and powers of such trustees.  10. The rights and remedies available in case of a default to the bondholders or to any trustee under the lease, agreement of sale, financing agreement, indenture or a mortgage.  (Added to NRS by 1967, 1747; A 1973, 969; 1975, 429)
NV Rev Stat § 244A.720 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.720 - Issuance of bonds by Director of Department of Business and Industry as special obligations of State.

  1. The board may exercise its power to issue bonds and to redeem them by requesting the Director of the Department of Business and Industry to issue bonds to finance any project for which bonds could be issued pursuant to NRS 244A.669 to 244A.763, inclusive.  2. If the Director believes that the bonds are marketable under the terms set forth in the resolution of the board requesting their issuance, the Director may proceed to issue them as special obligations of the State, secured only by the revenues, mortgage or pledge specified in the resolution.  3. The Director may receive and disburse the revenues of each project for which the Director has issued bonds, and may charge from those revenues, or directly to the county if those revenues are not sufficient, a reasonable compensation for his or her services. The Director may exercise any power which the board would have to collect payments due from the obligor.  (Added to NRS by 1981, 1620; A 1993, 1546)
NV Rev Stat § 244A.721 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.721 - Types of authorized investments; bank deposits and disbursements.

  1. The county may provide that proceeds from the sale of bonds and special funds from the revenues of the project must be invested and reinvested in such securities and other investments, whether or not any such investment or reinvestment is authorized under any other law of this state, as may be provided in the proceedings under which the bonds are authorized to be issued, including, but not limited to:  (a) Bonds or other obligations of the United States of America.  (b) Bonds or other obligations, the payment of the principal and interest of which is unconditionally guaranteed by the United States of America.  (c) Obligations issued or guaranteed as to principal and interest by any agency or person controlled or supervised by and acting as an instrumentality of the United States of America pursuant to authority granted by the Congress of the United States of America.  (d) Obligations issued or guaranteed by any state of the United States of America, or any political subdivision of any such state.  (e) Prime commercial paper.  (f) Prime finance company paper.  (g) Bankers’ acceptances drawn on and accepted by commercial banks.  (h) Repurchase agreements fully secured by obligations issued or guaranteed as to principal and interest by the United States of America or by any person controlled or supervised by and acting as an instrumentality of the United States of America pursuant to authority granted by the Congress of the United States of America.  (i) Certificates of deposit issued by credit unions or commercial banks, including banks domiciled outside of the United States of America.  (j) Money market mutual funds that:  (1) Are registered with the Securities and Exchange Commission;  (2) Are rated by a nationally recognized rating service as "AAA" or its equivalent; and  (3) Invest only in securities issued or guaranteed as to payment of principal and interest by the Federal Government, or its agencies or instrumentalities, or in repurchase agreements that are fully collateralized by the securities.  2. The county may also provide that such proceeds or funds or investments and the payments payable under the lease, the agreement of sale or the financing agreement must be received, held and disbursed by one or more banks, credit unions or trust companies located within or out of this state.  (Added to NRS by 1967, 1747; A 1973, 969; 1975, 430; 1997, 2870; 1999, 1464)
NV Rev Stat § 244A.723 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.723 - Construction of project.

The county may also provide that:  1. The project and improvements to be constructed, if any, shall be constructed by the county, lessee or the lessee’s designee, purchaser or purchaser’s designee, obligor or obligor’s designee, or any one or more of them on real estate owned by the county, the lessee or the lessee’s designee, or the purchaser or the purchaser’s designee, or the obligor or the obligor’s designee, as the case may be.  2. The bond proceeds shall be disbursed by the trustee bank or banks, trust company or trust companies, during construction upon the estimate, order or certificate of the lessee or the lessee’s designee or of the purchaser or the purchaser’s designee, or of the obligor or the obligor’s designee.  (Added to NRS by 1967, 1748; A 1973, 970; 1975, 431)
NV Rev Stat § 244A.725 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.725 - Limitation on county’s obligation.

In making such agreements or provisions, a county shall not obligate itself, except with respect to the project and the application of the revenues therefrom and bond proceeds therefor.  (Added to NRS by 1967, 1748)
NV Rev Stat § 244A.727 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.727 - Rights upon default.

  1. The resolution authorizing any bonds or any indenture or mortgage securing such bonds may provide that if there is a default in the payment of the principal of, the interest on, or any prior redemption premiums due in connection with the bonds or in the performance of any agreement contained in such resolution, indenture or mortgage, the payment and performance may be enforced by mandamus or by the appointment of a receiver with power to charge, collect and apply the revenues from the project in accordance with the resolution or the provisions of the indenture or mortgage.  2. Any mortgage to secure bonds issued thereunder, may also provide that if there is a default in the payment thereof or a violation of any agreement contained in the mortgage, it may be foreclosed and there may be a sale in any manner permitted by law. Such mortgage may also provide that any trustee under such mortgage or the holder of any bonds secured thereby may become the purchaser at any foreclosure sale if he or she is the highest bidder and may apply toward the purchase price unpaid bonds at the face value thereof.  (Added to NRS by 1967, 1748; A 1975, 431)
NV Rev Stat § 244A.729 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.729 - Determination of costs of financing.

  1. Prior to the initial leasing, sale or financing of any project, the board shall by resolution determine:  (a) The amount, or reasonably anticipated range of amounts, necessary in each year to pay the principal of and the interest on the first bonds proposed to be issued to finance such project and on any subsequent issues of bonds which may be permitted under the lease, sale or financing and authorizing resolutions pertinent to financings hereunder.  (b) The amount necessary to be paid each year into any reserve funds which the board may deem advisable to establish in connection with the retirement of the proposed bonds and the maintenance of the project.  (c) The estimated cost of maintaining the project in good repair and keeping it properly insured, unless the terms under which the project is to be leased, sold or financed provide that the lessee, purchaser or obligor shall maintain the project and carry all proper insurance with respect thereto.  2. The determination and findings of the board, required to be made by subsection 1, shall be set forth in the resolution under which the proposed bonds are to be issued, but the foregoing amounts need not be expressed in dollars and cents in the lease, agreement of sale or financing agreement and the resolution under which the bonds are authorized to be issued, but may be set forth in the form of a formula or formulas, or if the project is for the generation and transmission of electricity, in any other form which provides a basis for determining the required amounts.  (Added to NRS by 1967, 1749; A 1973, 970; 1975, 431; 1979, 688; 1983, 1160)
NV Rev Stat § 244A.731 (2021)
2021 Nevada Revised Statutes|Chapter 244A - Counties: Financing of Public Improvements|NRS 244A.731 - Lease, sale or financing of project.

Except as otherwise provided for bonds issued to finance preliminaries to or any costs connected with a project for the generation and transmission of electricity, before issuing any bonds authorized by NRS 244A.669 to 244A.763, inclusive, the county shall lease, sell or finance the project under an agreement conditioned upon completion of the project and providing for payment to the county of such revenues as, upon the basis of such determinations and findings, will be sufficient to:  1. Pay the principal of and interest on the bonds issued to finance the project.  2. Build up and maintain any reserves deemed advisable by the board in connection therewith.  3. Pay the costs of maintaining the project in good repair and keeping it properly insured, unless the lease, agreement of sale or financing agreement obligates the lessee, purchaser or obligor to pay for the maintenance and insurance on the project.  (Added to NRS by 1967, 1749; A 1973, 971; 1975, 432; 1979, 689)