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.120 – “Tax” defined.
“Tax” means: 1. A general (ad valorem) property tax. 2. Any tax or portion thereof to which is attributable the proceeds that are paid into the tax increment account of a tax increment area created by a municipality pursuant to NRS 278C.220. (Added to NRS by 1981, 768; A 2015, 3209)
NRS 350A.125 – “Wastewater authority” defined.
“Wastewater authority” means an entity that is created by cooperative agreement pursuant to chapter 277 of NRS, the functions of which include sanitation and sewerage, the treatment and disposal of wastewater, or the development and reclamation of water resources. (Added to NRS by 2005, 184)
NRS 350A.130 – Loans to municipalities by state purchase of municipal securities authorized.
In order to: 1. Protect and preserve the property and natural resources of the State, and to obtain the benefits thereof; and 2. Assist municipalities in the acquisition, construction and equipping of public improvements, the State Treasurer may make loans to municipalities by purchasing their municipal securities validly issued for a purpose related to natural […]
NRS 350A.140 – Powers of State Treasurer as Administrator of Municipal Bond Bank.
1. The State Treasurer is the Administrator of the Municipal Bond Bank. 2. In his or her capacity as Administrator, the State Treasurer may: (a) Sue and be sued to establish or enforce any right arising out of a lending project or of any state securities issued pursuant to this chapter; (b) Acquire and hold […]