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 349.630 – 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The faith of the State is hereby pledged that NRS 349.400 to 349.670, inclusive, will not be repealed, amended or modified to impair any outstanding bonds or any revenues pledged to their payment, or to impair, limit or alter the rights or powers vested in a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 349.565 – 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, […]
NRS 349.580 – Prerequisites to financing project: Findings of Director.
Except as otherwise provided in NRS 349.595 and 349.640, the Director shall not finance a project unless, before financing: 1. The Director finds that: (a) The project to be financed has been approved for financing pursuant to the requirements of NRS 244A.669 to 244A.763, inclusive, or 268.512 to 268.568, inclusive; and (b) There has been […]
NRS 349.585 – Prerequisites to financing project: Approval of Office of Economic Development.
1. Except as otherwise provided in NRS 349.640, the Director shall not finance a project without the approval of the Office of Economic Development. The Office shall approve the financing of a project if it determines that the project is consistent with the State Plan for Economic Development developed by the Executive Director of the […]
NRS 349.590 – Prerequisites to financing project: Additional considerations.
Except as otherwise provided in NRS 349.640, before financing a project pursuant to subsection 2 of NRS 349.580, the Director and the Board must also: 1. Determine the total amount of money necessary to be provided by the Director for financing the project. 2. Except as otherwise provided in this subsection, receive a 5-year operating […]