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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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)
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)
NRS 349.936 – “Board” defined.
“Board” means the Board for Financing Water Projects. (Added to NRS by 1987, 2273)
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; […]