NRS 388A.650 – Findings of Director of Department of Business and Industry; approval of findings by State Board of Finance.
Except as otherwise provided in NRS 388A.685, the Director of the Department of Business and Industry shall not finance a project unless, before financing the project, the Director of the Department of Business and Industry finds and the State Board of Finance approves the findings of the Director of the Department of Business and Industry […]
NRS 388A.655 – Additional considerations by Director of Department of Business and Industry and State Board of Finance; regulations of Director of Department of Business and Industry.
1. Except as otherwise provided in NRS 388A.685, before financing a project pursuant to NRS 388A.650, the Director of the Department of Business and Industry and the State Board of Finance must: (a) Determine the total amount of money necessary to be provided by the Director of the Department of Business and Industry for financing […]
NRS 388A.660 – Limitation on amount and purpose of financing; establishment of and compliance with guidelines for financing project.
1. The Director of the Department of Business and Industry may provide financing for a project pursuant to NRS 388A.550 to 388A.695, inclusive, if: (a) The financing is limited in amount and purpose to the payment of the costs associated with: (1) The acquisition, construction, improvement, restoration or rehabilitation of the project; and (2) The […]
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 […]
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 […]