NRS 408.55085 – Qualified borrower retains right to issue bonds.
Notwithstanding any provision in NRS 408.55048 to 408.55088, inclusive, to the contrary, NRS 408.55048 to 408.55088, inclusive, are supplemental to, and not in lieu of, the right of any qualified borrower to issue general obligation bonds or other bonds that the qualified borrower is otherwise lawfully authorized to issue. (Added to NRS by 2017, 4136; […]
NRS 408.55086 – Relation to other law.
1. To the extent possible, the provisions of NRS 408.55048 to 408.55088, inclusive, are intended to supplement other statutory provisions governing the development, construction, repair, improvement, maintenance, decommissioning, operation and ownership of transportation facilities, utility infrastructure, water and wastewater infrastructure, renewable energy infrastructure, recycling and sustainability infrastructure, digital infrastructure, social infrastructure or other infrastructure related […]
NRS 408.55076 – Bank may provide insurance or reinsurance of loans; duties; requirements.
1. The Bank may provide insurance or reinsurance of loans or portions thereof, or their debt service, including, without limitation, amounts payable as premiums or penalties in the event of mandatory or optional prepayment, made to finance a qualified project, and to provide insurance or reinsurance or reserves, or portions thereof, or the yield therefrom, […]
NRS 408.55077 – Permissible forms of security for issuance of revenue bonds by Bank.
The Bank may provide security for any issue of revenue bonds by the Bank through any commonly accepted financial instrument, including, without limitation: 1. A deed of trust on the resources, facilities and revenues of one or more qualified projects financed by the Bank; 2. A credit enhancement, including, without limitation, a letter of credit, […]
NRS 408.55078 – Obligation to third person by Bank: Limitations; requirements.
1. Any obligation to a third person made by the Bank, including, without limitation, a bond or other security issued by the Bank pursuant to NRS 408.55071 and any insurance, reinsurance or reserve provided by the Bank pursuant to NRS 408.55076: (a) Does not constitute a debt, liability or obligation of this State or any […]
NRS 408.55079 – Failure of qualified borrower to remit full amount due: Notice; withholding of money allotted or appropriated to borrower; exceptions.
1. Except as otherwise provided in this section, if a qualified borrower that has obtained a loan or other financial assistance from the Bank fails to remit in full any amount due to the Bank on the date on which the amount is due under the terms of any note or other loan obligation given […]
NRS 408.55081 – Immunity from civil liability for certain persons.
The Board of Directors and any member thereof, and any officer, employee, agent or committee member of the Bank is not liable in a civil action for any act performed on behalf of the Bank in good faith and within the scope of their duties or the exercise of their authority pursuant to NRS 408.55048 […]
NRS 408.55066 – “Transportation facility” defined.
“Transportation facility” means any existing, enhanced, upgraded or new facility that is used or useful for the safe transport of people, information or goods via one or more modes of transport, including, without limitation, any of the following: 1. A road, railroad, bridge, tunnel, overpass, airport, mass transit, light or commuter rail, conduit, ferry, boat, […]
NRS 408.55067 – “Utility” defined.
“Utility” has the meaning ascribed to it in NRS 408.407. (Added to NRS by 2017, 4128; A 2021, 3816)
NRS 408.55068 – “Utility infrastructure” defined.
“Utility infrastructure” means any infrastructure of a utility that is installed in any city or county that improves or expands the system of the utility. (Added to NRS by 2017, 4128; A 2021, 3812, 3816)