NRS 388A.670 – Special obligations of State.
1. All bonds issued by the Director of the Department of Business and Industry pursuant to NRS 388A.550 to 388A.695, 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 388A.550 to 388A.695, inclusive, solely out of the revenues derived […]
NRS 388A.675 – Form and terms; sale; employment of financial and legal consultants authorized as incidental expense to project.
1. Any bonds issued pursuant to NRS 388A.550 to 388A.695, inclusive, must be authorized by an order of the Director of the Department of Business and Industry and must: (a) Be in denominations; (b) Bear the date or dates; (c) Mature at the time or times, not exceeding 40 years after their respective dates; (d) […]
NRS 388A.680 – Security.
The principal of, the interest on and any prior redemption premiums due in connection with the bonds issued pursuant to NRS 388A.550 to 388A.695, 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 the […]
NRS 388A.685 – Refunding.
1. Any bonds issued pursuant to NRS 388A.550 to 388A.695, inclusive, may be refunded by the Director of the Department of Business and Industry by the issuance of refunding bonds in an amount which the Director of the Department of Business and Industry determines necessary to refund the principal of the bonds to be so […]
NRS 388A.690 – Exemption from taxation; exceptions.
1. Except as otherwise provided in subsection 2, bonds and other securities issued pursuant to NRS 388A.550 to 388A.695, inclusive, their transfer and the income produced by the bonds and other securities is and must forever be and remain free and exempt from taxation by this State or any political subdivision of this State. 2. […]
NRS 388A.695 – General power of Director of Department of Business and Industry to issue bonds.
When the Director of the Department of Business and Industry has received requests from one or more charter schools, lessees, purchasers or other obligors, the Director of the Department of Business and Industry may issue revenue bonds to obtain money to fulfill the requests. Title to or in a project may at all times remain […]