NRS 279.664 – Power of agency to make additional covenants; additional powers.
An agency may: 1. Make covenants other than and in addition to the covenants expressly authorized of like or different character. 2. Make such covenants and do any and all such acts and things as may be necessary, convenient or desirable to secure its bonds, or, except as otherwise provided in this chapter, as will […]
NRS 279.666 – Rights of agency’s obligee.
An obligee, in addition to all other rights which may be conferred on the obligee, and subject only to any contractual restrictions binding upon the obligee may: 1. By mandamus, suit, action or proceeding, compel the agency and its members, officers, agents or employees to perform each and every term, provision and covenant contained in […]
NRS 279.668 – Rights of agency’s obligee upon default.
By its resolution, trust indenture, mortgage, lease or other contract, an agency may confer upon any obligee holding or representing a specified amount in bonds, the following rights upon the happening of an event or default prescribed in such resolution or instrument, to be exercised by suit, action or proceeding in any court of competent […]
NRS 279.670 – Bonds, interest and income exempted from taxes; exceptions.
1. Except as otherwise provided in subsection 2, bonds issued pursuant to the provisions of this chapter are issued for an essential public and governmental purpose, and together with interest on them and income from them are exempt from all taxes. 2. The provisions of subsection 1 do not apply to the tax on estates […]
NRS 279.672 – Bonds of agency as legal investments.
1. Notwithstanding any restrictions on investments contained in any laws, the State and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations, and other persons carrying […]
NRS 279.674 – “Taxes” defined.
As used in NRS 279.674 to 279.687, inclusive, the word “taxes” shall include, but without limitation, all levies on an ad valorem basis upon land or real property. (Added to NRS by 1959, 671)
NRS 279.676 – Allocation, division and disposition of money from taxes; limitation on revenue; repayment of bond or other indebtedness; recalculation of total assessed value of taxable property in redevelopment area in county whose population is 700,000 or more; set aside of revenue for public educational activities, programs and facilities.
1. Any redevelopment plan may contain a provision that taxes, if any, levied upon taxable property in the redevelopment area each year by or for the benefit of the State, any city, county, district or other public corporation, after the effective date of the ordinance approving the redevelopment plan, must be divided as follows: (a) […]
NRS 279.678 – Assessment and taxation of leased redeveloped property; provision in lease for lessee to pay taxes.
Whenever property in any redevelopment project has been redeveloped and thereafter is leased by the redevelopment agency to any person or persons or whenever the agency leases real property in any redevelopment project to any person or persons for redevelopment, the property shall be assessed and taxed in the same manner as privately owned property, […]
NRS 279.660 – Issuance of bonds: Effects of breach of covenants; events of default; waiver.
An agency may: 1. Covenant as to the rights, liabilities, powers and duties arising upon the breach by it of any covenant, condition or obligation. 2. Covenant and prescribe as to events of default and terms and conditions upon which any or all of its bonds or obligations become or may be declared due before […]
NRS 279.640 – Authorization of bonds; sale.
1. The agency may authorize bonds by resolution. The resolution, trust indenture or mortgage must provide for: (a) The issuance of the bonds in one or more series. (b) The date the bonds will bear. (c) The maturity dates of the bonds. (d) The interest rate. (e) The denomination of the bonds. (f) Their form, […]