NRS 350A.160 – Judicial confirmation of exemption of specific obligation from State’s debt limit required; legislative declaration.
1. The Board shall not become obligated with respect to a particular lending project unless the Board: (a) Has determined that the lending project is for a purpose related to natural resources and that the obligation to be incurred for the lending project will be exempt from the limitation on state debt set forth in […]
NRS 350A.170 – State securities: Interest; discount.
The Board shall determine the rate or rates of interest which state securities are to bear. These securities may be sold at par, above par, or below par at a discount determined by the Board. (Added to NRS by 1981, 769)
NRS 350A.180 – Private sale of municipal or revenue securities to State; fees and charges.
A municipality may sell its municipal or revenue securities to the State at a private sale and may pay or obligate itself to pay to the State fees or charges in connection with any lending project. (Added to NRS by 1981, 770; A 1993, 2322)
NRS 350A.190 – Fund for the Municipal Bond Bank: Creation; disposition of revenue.
1. All revenues from lending projects must be deposited in the Fund for the Municipal Bond Bank in the State Treasury, which is hereby created as a special revenue fund. 2. Any revenue from lending projects which is in the Fund must be applied in the following order of priority: (a) Deposited into the Consolidated […]
NRS 350A.200 – Powers additional; applicable procedures for issuing securities; issuance of securities by municipality not authorized.
1. The powers conferred by this chapter are in addition to the powers conferred by any other law. 2. Securities may be issued pursuant to this chapter without regard to any procedure required by law, other than those set forth in this chapter or in the State Securities Law. 3. This chapter does not authorize […]
NRS 350A.210 – Liberal construction.
As the provisions of this chapter are necessary to secure the public health, safety, convenience and welfare, the chapter must be construed liberally to put its provisions into effect. (Added to NRS by 1981, 770)
NRS 350A.080 – “Municipality” defined.
“Municipality” means any county, city, town, wastewater authority, flood management authority, water authority organized as a political subdivision created by cooperative agreement, school district, general improvement district or other district, including an irrigation district. (Added to NRS by 1981, 768; A 1997, 165; 2005, 184; 2009, 2743)
NRS 350A.090 – “Purpose related to natural resources” defined.
“Purpose related to natural resources” means a purpose necessary, expedient or advisable for the protection and preservation of any property or natural resources of the State, or for obtaining the benefits thereof, including without limitation water projects, sewer projects, projects to protect and preserve the natural resources and property of the State from floods and […]
NRS 350A.095 – “Revenue securities” defined.
“Revenue securities” means notes, warrants, interim debentures, bonds and temporary bonds validly issued by a municipality as obligations for a purpose related to any undertaking which the municipality is authorized to complete and which are payable from: 1. The revenues of one or more such undertakings; 2. Taxes levied by or on behalf of the […]
NRS 350A.100 – “Revenues of a lending project” defined.
“Revenues of a lending project” means any money, except the proceeds of taxes levied by the State, received by the State Treasurer from or in respect to any lending project, including without limitation: 1. Money derived from any source of revenue connected with a lending project, including without limitation payments by a municipality of the […]