NRS 388A.640 – Regulations.
The Director of the Department of Business and Industry shall adopt regulations to carry out the provisions of NRS 388A.550 to 388A.695, inclusive, including, without limitation, regulations for: 1. Investment and reinvestment of the proceeds from the sale of the bonds, including, without limitation: (a) Bonds or other obligations of the United States of America. […]
NRS 388A.580 – “Finance” and “financing” defined.
“Finance” or “financing” includes, without limitation, the issuance of bonds by the Director of the Department of Business and Industry for the purpose of using all or any part of the proceeds to pay for or to reimburse a user or the designee of a user for the cost of acquiring, improving or equipping the […]
NRS 388A.585 – “Financing agreement” defined.
“Financing agreement” means an agreement by which the Director of the Department of Business and Industry agrees to issue bonds pursuant to NRS 388A.550 to 388A.695, inclusive, to finance one or more projects and the obligor agrees to: 1. Make payments directly or through notes, debentures, bonds or other secured or unsecured debt obligations of […]
NRS 388A.590 – “Mortgage” defined.
“Mortgage” means a mortgage, trust deed or other security device. (Added to NRS by 2013, 1590)—(Substituted in revision for NRS 386.620)
NRS 388A.595 – “Obligor” defined.
“Obligor” means a charter school, natural person, partnership, firm, company, corporation, association, trust, estate, political subdivision, state agency or any other legal entity, or its legal representative, agent or assigns, who agrees to make the payments required by a financing agreement. (Added to NRS by 2013, 1590)—(Substituted in revision for NRS 386.621)
NRS 388A.600 – “Project” defined.
“Project” means: 1. Any building, structure or real property owned, to be acquired or used by a charter school for any of its educational purposes and all related appurtenances, easements, rights-of-way, improvements, paving, utilities, landscaping and parking facilities, together with all the personal property necessary, convenient or appurtenant thereto; or 2. Any capital equipment owned, […]
NRS 388A.605 – “Revenues” defined.
“Revenues” includes, with respect to a project, payments under a lease, agreement of sale or financing agreement, or under notes, debentures, bonds and other secured or unsecured debt obligations of an obligor executed and delivered by the obligor to the Director of the Department of Business and Industry or his or her designee or assignee, […]
NRS 388A.620 – Declaration of legislative intent.
1. It is the intent of the Legislature to authorize the Director of the Department of Business and Industry to finance facilities or other improvements to be owned, acquired and used by a charter school for any of its educational purposes. 2. The Director of the Department of Business and Industry has all the powers […]
NRS 388A.625 – 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 388A.550 to 388A.695, inclusive, more than 30 days after the effective date of the order of the Director of the Department of Business […]
NRS 388A.630 – Faith of State pledged against repeal, amendment or modification of NRS 388A.550 to 388A.695, inclusive.
1. Except as otherwise provided in subsection 2, the faith of the State is hereby pledged that NRS 388A.550 to 388A.695, 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 charter […]