NRS 349.630 – Regulations.
The Director shall adopt regulations to carry out the provisions of NRS 349.400 to 349.670, inclusive, including, without limitation, regulations for: 1. Investment and reinvestment of the proceeds from the sale of bonds, including, but not limited to: (a) Bonds or other obligations of the United States of America. (b) Bonds or other obligations, the […]
NRS 349.640 – Refunding.
1. Any bonds issued under the provisions of NRS 244A.669 to 244A.763, inclusive, 268.512 to 268.568, inclusive, or 349.400 to 349.670, 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 […]
NRS 349.650 – 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 project or improvements authorized by NRS 349.400 to 349.670, inclusive, after 30 days from the effective date of the order of the Director authorizing the issuance of those bonds. […]
NRS 349.660 – Faith of State pledged against repeal, amendment or modification of NRS 349.400 to 349.670, inclusive.
The faith of the State is hereby pledged that NRS 349.400 to 349.670, inclusive, will not be repealed, amended or modified to impair any outstanding bonds or any revenues pledged to their payment, or to impair, limit or alter the rights or powers vested in a city or county to acquire, finance, improve and equip […]
NRS 349.670 – Sufficiency of NRS 349.400 to 349.670, inclusive.
1. NRS 349.400 to 349.670, inclusive, without reference to other statutes of the State, constitute full authority for the exercise of powers granted in those sections, including but not limited to the authorization and issuance of bonds. 2. No other act or law with regard to the authorization or issuance of bonds that provides for […]
NRS 349.600 – Bonds to be special obligations.
1. All bonds issued by the Director pursuant to NRS 349.400 to 349.670, inclusive, are special, limited obligations of the State. The principal of and interest on such bonds are payable, subject to the security provisions of NRS 349.400 to 349.670, inclusive, solely out of the revenues derived from the financing, leasing or sale of […]
NRS 349.610 – Form 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 40 years after their respective dates; (d) Bear interest at a rate or rates specified in the order; (e) Be in […]
NRS 349.620 – Security.
1. The principal of, the interest on and any prior redemption premiums due in connection with the bonds issued pursuant to NRS 349.400 to 349.670, inclusive, are payable from, secured by a pledge of, and constitute a lien on the revenues out of which the bonds have been made payable. In addition, they may, in […]
NRS 349.565 – Restrictions on Director’s powers.
1. The Director may not, under NRS 349.400 to 349.670, inclusive: (a) Operate any manufacturing, industrial, warehousing or commercial enterprise or an organization for research and development or any health and care facility to which he or she provided assistance; or (b) Except as otherwise provided in subsection 2, assist any manufacturing, industrial, warehousing or […]
NRS 349.570 – General power of Director to issue bonds.
When the Director has received requests from one or more cities, counties, lessees, purchasers, other obligors or other enterprises, the Director may issue industrial development revenue bonds to obtain money to fulfill the requests. Title to or in a project may at all times remain in the obligor or the obligor’s designee or assignee and, […]