NRS 350A.010 – Legislative findings.
The Legislature finds that: 1. It is in the public interest to foster and promote the protection and preservation of the property and natural resources of the State of Nevada, and to obtain the benefits thereof, and that the State should encourage and assist municipalities in undertaking local projects for such purposes by making loans […]
NRS 350A.020 – Definitions.
As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 350A.025 to 350A.125, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1981, 767; A 1993, 2318; 2005, 184; 2009, 2742)
NRS 350A.025 – “Allocable local revenues” defined.
“Allocable local revenues” means amounts received by the State which are payable to a municipality and which are designated as allocable by the municipality in the instrument authorizing the revenue security with respect to a particular lending project. (Added to NRS by 1993, 2316; A 1995, 389)
NRS 350A.030 – “Board” defined.
“Board” means the State Board of Finance. (Added to NRS by 1981, 767; A 1997, 3012)
NRS 350A.040 – “Cost of a lending project” defined.
“Cost of a lending project” means all or any designated part of the cost of any lending project, including any incidental cost pertaining to such a project. The cost of a lending project may include, without limitation, the costs of: 1. Surveys, audits, preliminary plans, other plans, specifications, estimates and other costs of preparations. 2. […]
NRS 350A.050 – “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 lending project or of the collection and administration of revenues therefrom. The term includes, without limitation: 1. Expenses for engineering, auditing, reporting, legal services and other expenses of the State Treasurer which […]
NRS 350.706 – Other statutory provisions applicable to refunding bonds.
Except as in NRS 350.684 to 350.704, inclusive, expressly provided or necessarily implied, the relevant provisions elsewhere herein appertaining generally to the issuance of bonds to defray the cost of any project shall be equally applicable in the authorization and issuance of refunding bonds, including their terms and security, the covenants and other provisions of […]
NRS 350.708 – Conclusive determination of governing body that statutory limitations have been met.
The determination of the governing body that the limitations in the Local Government Securities Law imposed upon the issuance of bonds or upon the issuance of other securities hereunder, including without limitation any securities for funding or refunding securities, have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse […]
NRS 350.710 – Bonds and other securities exempt from taxation; exception.
1. Except as otherwise provided in subsection 2, bonds and other securities issued pursuant to the provisions of the Local Government Securities Law, their transfer and the income therefrom must forever be and remain free and exempt from taxation by this state or any subdivision thereof. 2. The provisions of subsection 1 do not apply […]
NRS 350.712 – Securities issued as general obligations are legal investments for state money.
It is legal for the State Board of Finance to invest any permanent state funds or other state funds available for investment in any of the bonds or other securities authorized to be issued pursuant to the provisions hereof if the securities constitute general obligations payable from taxes. (Added to NRS by 1967, 446)