NRS 349.938 – “Director” defined.
“Director” means the Director of the Department of Business and Industry or any person within the Department of Business and Industry designated by the Director to perform duties in connection with a water project or the issuance of bonds. (Added to NRS by 1987, 2274; A 1993, 1570)
NRS 349.939 – “Expense of operation and maintenance” defined.
“Expense of operation and maintenance” means any reasonable and necessary current expense of the State for the operation, maintenance or administration of a water project or of the collection and administration of revenues from a water project. The term includes, among other expenses: 1. Expenses for engineering, auditing, reporting, legal services and other expenses of […]
NRS 349.940 – “Mortgage” defined.
“Mortgage” includes a deed of trust and any other security agreement covering real or personal property, or both. (Added to NRS by 1987, 2274)
NRS 349.941 – “Obligor” defined.
“Obligor” means the natural person, partnership, firm, company, public utility, corporation, association, trust, estate, political subdivision, state agency or any other legal entity, or its legal representative, who agrees to make the payments sufficient to pay the principal of, premium, if any, and interest on the state securities or revenue bonds issued pursuant to NRS […]
NRS 349.942 – “Revenue bonds” defined.
“Revenue bonds” means bonds, notes or other securities evidencing a special limited obligation of the State, the principal and interest of which are payable solely out of revenues derived from the financing, leasing or sale of the water project to be financed. (Added to NRS by 1987, 2274)
NRS 349.943 – “State securities” defined.
“State securities” means notes, warrants, interim debentures, bonds and temporary bonds issued as general obligations by the Director for any water project or for a refunding which are payable from taxes, whether or not additionally secured by a pledge of all or any designated revenues of one or more water projects. (Added to NRS by […]
NRS 349.944 – “Tax” defined.
“Tax” means a general tax upon property. (Added to NRS by 1987, 2275)