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Nevada Revised Statutes (Last Updated: December 24, 2014) |
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TITLE30 PUBLIC BORROWING AND OBLIGATIONS |
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CHAPTER349. State Obligations |
| STATE ELECTIONS FOR ISSUANCE OF BONDS |
| NRS 349.005. “Bond question” defined. |
| NRS 349.010. Submission of proposal to issue bonds at special, primary or general election; limitation on special elections. |
| NRS 349.013. Publication of notice of election; Secretary of State to certify proposal to county clerks. |
| NRS 349.015. Contents of sample ballot and notice of election; consolidation with primary or general election. |
| NRS 349.017. Notice of registration of electors for special election; hours for registration. |
| NRS 349.020. Ballots: Form. |
| NRS 349.030. Ballot boxes; mechanical recording devices for voting. |
| NRS 349.040. Special election: Appointment and duties of inspectors and clerks; election board and precincts. |
| NRS 349.050. Qualifications of electors; absent voting. |
| NRS 349.060. Canvass of votes; certification of results; abstract transmitted by county clerk to Secretary of State. |
| NRS 349.070. Approval or rejection of bonds: Procedure. |
| ISSUANCE AND REDEMPTION OF SECURITIES BY STATE BOARD OF FINANCE |
| NRS 349.071. Powers of State Board of Finance. |
| NRS 349.072. State Bond Issuance Account: Creation; appropriations. |
| ISSUANCE OF NOTES BY STATE TREASURER |
| INTEREST RATES; DISCOUNTS; LIMITATION ON ISSUANCE |
| NRS 349.075. Definitions. |
| NRS 349.076. Maximum rate of interest on securities issued by State. |
| NRS 349.077. Discounts. |
| NRS 349.078. Limitation on issuance or sale after date of election. |
| CONSOLIDATED BOND INTEREST AND REDEMPTION FUND |
| NRS 349.080. Purpose of NRS 349.080 to 349.140, inclusive. |
| NRS 349.090. Creation; records of accounting. |
| NRS 349.100. Deposits of money in Fund. |
| NRS 349.110. Payment of principal, interest and charges for bonds. |
| NRS 349.120. Legislative appropriations from State General Fund. |
| NRS 349.130. Deficiencies in Fund made up from State General Fund. |
| NRS 349.140. Effect of NRS 349.080 to 349.140, inclusive. |
| STATE SECURITIES LAW |
| NRS 349.150. Short title. |
| NRS 349.152. Purpose; supplemental nature. |
| NRS 349.154. Definitions. |
| NRS 349.156. “Acquisition” and “acquire” defined. |
| NRS 349.158. “Chair” and “Chair of the Commission” defined. |
| NRS 349.160. “Commercial bank” defined. |
| NRS 349.162. “Commission” defined. |
| NRS 349.164. “Condemnation” and “condemn” defined. |
| NRS 349.166. “Controller” defined. |
| NRS 349.168. “Cost of any project” defined. |
| NRS 349.169. “Disposal” and “dispose” defined. |
| NRS 349.1695. “Equip” and “equipment” defined. |
| NRS 349.170. “Facilities” defined. |
| NRS 349.172. “Federal Government” defined. |
| NRS 349.174. “Federal securities” defined. |
| NRS 349.176. “Governor” defined. |
| NRS 349.178. “Gross revenues” and “gross pledged revenues” defined. |
| NRS 349.180. “Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto,” “hereunder,” “heretofore” and “hereafter” defined. |
| NRS 349.182. “Holder” defined. |
| NRS 349.184. “Improvement” and “improve” defined. |
| NRS 349.186. “Net revenues” and “net pledged revenues” defined. |
| NRS 349.188. “Operation and maintenance expenses” defined. |
| NRS 349.192. “Pledged revenues” defined. |
| NRS 349.194. “Project” defined. |
| NRS 349.196. “Secretary” defined. |
| NRS 349.198. “State securities” and “securities” defined. |
| NRS 349.200. “State” defined. |
| NRS 349.202. “Taxation” defined. |
| NRS 349.204. “Taxes” defined. |
| NRS 349.206. “Treasurer” defined. |
| NRS 349.208. “Trust bank” defined. |
| NRS 349.210. “United States” defined. |
| NRS 349.212. Powers of State in connection with projects. |
| NRS 349.213. Power of eminent domain; reimbursement of public utility for removal and relocation. |
| NRS 349.214. Power of State to become obligated and issue securities for project. |
| NRS 349.216. Types of securities which may be issued; series. |
| NRS 349.218. Notes and warrants: Maturity; extension or funding. |
| NRS 349.220. Temporary bonds: Conditions, terms and provisions; rights and remedies of holder. |
| NRS 349.222. Resolution authorizing issuance of securities: Description of purposes. |
| NRS 349.223. Sale of securities as investment to defray anticipated costs of college. |
| NRS 349.224. General obligations: Types of securities. |
| NRS 349.225. General obligation bonds subject to review and approval of State Board of Finance; exception. |
| NRS 349.226. Special obligations: Types of securities. |
| NRS 349.227. Variable rates of interest for securities; agreement with third party for assurance of payment for securities; reimbursement for advances made pursuant to agreement. |
| NRS 349.2275. Variable rates of interest: Exemption from limitations; conclusive findings of Commission that procedure for determination of rates is reasonable. |
| NRS 349.228. Securities issued as general obligations payable from gross revenues: Covenant requiring appropriations to pay expenses of operation and maintenance. |
| NRS 349.230. Securities issued as general obligations constitute outstanding indebtedness of State; exceptions. |
| NRS 349.232. Securities issued as special obligations do not constitute outstanding indebtedness of State. |
| NRS 349.234. Recitals required in state securities. |
| NRS 349.236. Payment of principal of and interest on general obligation bonds from Consolidated Bond Interest and Redemption Fund. |
| NRS 349.240. Time and duration of levy of special tax. |
| NRS 349.242. Payment from State General Fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of State General Fund. |
| NRS 349.244. Application of other available money to payment of interest on and principal of securities issued as general obligations. |
| NRS 349.248. Proceeds of taxes specially appropriated to payment of principal and interest. |
| NRS 349.250. Payment of state securities not to be secured by encumbrance, mortgage or pledge of State’s property; exception. |
| NRS 349.252. Recourse against members of Commission and state officers and agents: Acceptance of securities constitutes waiver and release. |
| NRS 349.254. Covenants in resolution authorizing issuance of special obligations impose no liability against State or its general credit. |
| NRS 349.256. Faith of State pledged against repeal, amendment or modification of State Securities Law. |
| NRS 349.260. Details of state securities provided by resolution. |
| NRS 349.262. Issuance of state securities. |
| NRS 349.270. Securities sold publicly to be sold to responsible bidder making best bid; equal bids. |
| NRS 349.274. Recital in securities conclusive evidence of validity and regularity of issuance. |
| NRS 349.276. Denomination, negotiability and maturity of state securities; rate of interest. |
| NRS 349.278. Payment of principal, interest and premium when due without further order. |
| NRS 349.280. Interest coupons. |
| NRS 349.282. Execution, signing, countersigning and authentication of state securities and coupons. |
| NRS 349.284. Facsimile signatures and seals. |
| NRS 349.286. Securities not invalid because signatories cease to fill offices. |
| NRS 349.288. Adoption of facsimile signature of predecessor in office. |
| NRS 349.290. Redemption before maturity. |
| NRS 349.292. Repurchase of state securities. |
| NRS 349.294. Use of money received from issuance of state securities. |
| NRS 349.296. Disposition of unexpended balance of proceeds after completion of project. |
| NRS 349.298. Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds. |
| NRS 349.300. Special funds and accounts: Creation; purposes. |
| NRS 349.302. Employment of legal and other expert services; contracts for sale and other purposes. |
| NRS 349.304. Investment and reinvestment of revenues and proceeds of taxes and securities in federal securities or certain money market mutual funds. |
| NRS 349.306. Covenants and other provisions in state securities. |
| NRS 349.308. Pledged revenues received or credited subject to immediate lien; priority and validity of lien. |
| NRS 349.310. Rights and powers of holders of state securities and trustees. |
| NRS 349.312. Receivers: Appointment; powers and duties. |
| NRS 349.314. Rights and remedies cumulative. |
| NRS 349.316. Failure of holder to proceed does not relieve State, Commission and officers, agents and employees of State of liability for nonperformance of duties. |
| NRS 349.318. Interim debentures: Issuance for general or special obligations. |
| NRS 349.320. Issuance of state securities constituting debt to fund or refund special obligations not constituting indebtedness: Conditions; restrictions. |
| NRS 349.322. Interim debentures: Maturity; use of proceeds; issuance. |
| NRS 349.324. Interim debentures: Security for payment. |
| NRS 349.326. Interim debentures: Extension and funding. |
| NRS 349.328. Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds. |
| NRS 349.330. Refunding of general and special obligation bonds: Resolution; trust indenture. |
| NRS 349.332. Calls for prior redemption: Limitations. |
| NRS 349.334. Exchange of outstanding securities held by State or its agencies for funding or refunding. |
| NRS 349.336. Refunding of outstanding securities evidencing long-term loans. |
| NRS 349.338. Refunding bonds: Exchange for outstanding bonds or federal securities; public or private sale. |
| NRS 349.340. Conditions for refunding bonds. |
| NRS 349.342. Refunding bonds: Disposition of proceeds; accrued interest and premium; costs; escrow; trusts. |
| NRS 349.344. Proceeds of refunding bonds in escrow or trust: Investment; security; sufficient amount; purchaser not responsible for application of proceeds. |
| NRS 349.346. Refunding bonds payable from taxes or pledged revenues. |
| NRS 349.348. Issuance of bonds separately or in combination. |
| NRS 349.350. Other statutory provisions applicable to refunding bonds. |
| NRS 349.352. Conclusive determination of Commission that statutory limitations have been met. |
| NRS 349.354. Bonds and other securities exempt from taxation; exceptions. |
| NRS 349.356. Securities issued as general obligations are legal investments for state money. |
| NRS 349.358. Legal investments for other persons. |
| NRS 349.362. Sufficiency of State Securities Law. |
| NRS 349.364. Liberal construction. |
| REVENUE BONDS FOR INDUSTRIAL DEVELOPMENT |
| NRS 349.400. Definitions. |
| NRS 349.405. “Biomass” defined. |
| NRS 349.410. “Board” defined. |
| NRS 349.420. “Bonds” and “revenue bonds” defined. |
| NRS 349.425. “Corporation for public benefit” defined. |
| NRS 349.430. “Cost of a project” defined. |
| NRS 349.440. “Director” defined. |
| NRS 349.450. “Expense of operation and maintenance” defined. |
| NRS 349.460. “Finance” and “financing” defined. |
| NRS 349.470. “Financing agreement” defined. |
| NRS 349.475. “Fuel cell” defined. |
| NRS 349.480. “Health and care facility” defined. |
| NRS 349.485. “Historic structure” defined. |
| NRS 349.490. “Mortgage” defined. |
| NRS 349.500. “Obligor” defined. |
| NRS 349.510. “Project” defined. |
| NRS 349.515. “Renewable energy” defined. |
| NRS 349.517. “Renewable energy generation project” defined. |
| NRS 349.520. “Revenues” defined. |
| NRS 349.530. “Supplemental facility for a health and care facility” defined. |
| NRS 349.540. “Warehousing” defined. |
| NRS 349.550. Applicability of definitions contained in county and city economic development revenue bond laws. |
| NRS 349.555. Exercise of powers for general welfare; liberal construction. |
| NRS 349.560. Legislative declaration. |
| NRS 349.565. Restrictions on Director’s powers. |
| NRS 349.570. General power of Director to issue bonds. |
| NRS 349.580. Prerequisites to financing project: Findings of Director. |
| NRS 349.585. Prerequisites to financing project: Approval of Office of Economic Development. |
| NRS 349.590. Prerequisites to financing project: Additional considerations. |
| NRS 349.595. Prerequisites to financing costs related to equipment for project; establishment of guidelines. |
| NRS 349.597. Confidentiality of information concerning obligor. |
| NRS 349.600. Bonds to be special obligations. |
| NRS 349.610. Form and terms of bonds; sale; employment of financial and legal consultants. |
| NRS 349.620. Security. |
| NRS 349.630. Regulations. |
| NRS 349.640. Refunding. |
| NRS 349.650. Limitation of actions. |
| NRS 349.660. Faith of State pledged against repeal, amendment or modification of NRS 349.400 to 349.670, inclusive. |
| NRS 349.670. Sufficiency of NRS 349.400 to 349.670, inclusive. |
| REVENUE BONDS FOR FINANCING EXPORTATION OF GOODS |
| NRS 349.700. Legislative declaration. |
| NRS 349.710. Definitions. |
| NRS 349.715. “Bonds” defined. |
| NRS 349.720. “Director” defined. |
| NRS 349.725. “Exporter” defined. |
| NRS 349.730. “Guaranteed funding” defined. |
| NRS 349.735. “Loss” defined. |
| NRS 349.740. “Participating financial institution” defined. |
| NRS 349.745. “Program” defined. |
| NRS 349.750. Director: Administration of provisions; powers; biennial report to State Board of Finance and Legislative Commission. |
| NRS 349.755. Director: Delegation of duties. |
| NRS 349.760. Transactions eligible for guaranteed funding: Criteria. |
| NRS 349.765. Guaranteed funding provided to participating financial institution: Limitation on amount; finding of Director of necessity for funding; term of and interest on loan to exporter. |
| NRS 349.770. Investigation of credit available to exporter prerequisite for guaranteed funding. |
| NRS 349.775. Confidentiality of information concerning exporter. |
| NRS 349.780. Fees charged to participating financial institution. |
| NRS 349.785. Agreements excusing payment on guaranteed funding and loan to exporter; fee charged to exporter. |
| NRS 349.790. Director subrogated to rights of exporter and participating financial institution upon default by exporter. |
| NRS 349.795. Guarantee: Not general obligation of State; limitation on termination, cancellation or revocation; presumption of validity. |
| NRS 349.800. Advisory Committee on Financing Exports: Creation; composition; terms of members. |
| NRS 349.805. Advisory Committee on Financing Exports: Meetings; quorum; officers; rules; compensation and expenses. |
| NRS 349.810. Advisory Committee on Financing Exports: Powers and duties. |
| NRS 349.815. Regulations for operation of program. |
| NRS 349.820. Limitation on personal liability of Director or person acting on his or her behalf. |
| NRS 349.830. Bonds: Special obligations of State. |
| NRS 349.835. Bonds: Form and terms; sale. |
| NRS 349.840. Bonds: Repurchase. |
| NRS 349.845. Bonds: Refunding. |
| NRS 349.850. Bonds: Legal investments. |
| NRS 349.855. Director: Establishment of funds and accounts; investments and deposits. |
| NRS 349.857. Director: Loans of securities. |
| NRS 349.860. Insurance. |
| NRS 349.865. Faith of State pledged against repeal, amendment or modification of NRS 349.700 to 349.870, inclusive. |
| NRS 349.870. Sufficiency of NRS 349.700 to 349.870, inclusive; construction. |
| REVENUE BONDS FOR VENTURE CAPITAL |
| NRS 349.900. Legislative declaration. |
| NRS 349.901. Definitions. |
| NRS 349.902. “Account for Venture Capital” defined. |
| NRS 349.903. “Agreement” defined. |
| NRS 349.904. “Board” defined. |
| NRS 349.905. “Bonds” and “revenue bonds” defined. |
| NRS 349.906. “Director” defined. |
| NRS 349.907. “Expense of operation and maintenance” defined. |
| NRS 349.908. “Fund for the Retirement of Bonds” defined. |
| NRS 349.909. “Management company” defined. |
| NRS 349.910. General powers of Director; promotion of funds for venture capital; liberal construction. |
| NRS 349.911. Limitation on personal liability of Director or person acting on his or her behalf. |
| NRS 349.912. Director: Selection of management company; agreement; regulations; expenses of operation and maintenance; employees, advisers and consultants. |
| NRS 349.913. Director: Restriction on operation or management of enterprise. |
| NRS 349.914. Director: Allocation of proceeds of bonds. |
| NRS 349.915. Contents of agreement. |
| NRS 349.916. Objective of investments for Account for Venture Capital. |
| NRS 349.917. Form of investments of management company; management company to be managed by experienced person. |
| NRS 349.918. Prerequisites for management company. |
| NRS 349.919. Issuance of revenue bonds: Director required to submit findings to Board; approval of Board; limitation on amount of bonds. |
| NRS 349.920. Issuance of bonds: Findings of Director and Board. |
| NRS 349.921. Bonds: Safety as to repayment of principal and interest; Fund for the Retirement of Bonds; investment of money in Fund. |
| NRS 349.922. Bonds: Special obligations of State. |
| NRS 349.923. Bonds: Form and terms; sale. |
| NRS 349.924. Bonds: Regulations for investment and reinvestment of proceeds and management of proceeds by banks or trust companies. |
| NRS 349.925. Bonds: Refunding. |
| NRS 349.926. Limitation of actions. |
| NRS 349.927. Faith of State pledged against repeal, amendment or modification of NRS 349.900 to 349.929, inclusive. |
| NRS 349.928. Sufficiency of NRS 349.900 to 349.929, inclusive; construction. |
| NRS 349.929. Account for Venture Capital to be entrusted to management company; proceeds of bonds may be entrusted to another management company. |
| FINANCING OF WATER PROJECTS |
| NRS 349.935. Definitions. |
| NRS 349.936. “Board” defined. |
| NRS 349.937. “Cost of a water project” defined. |
| NRS 349.938. “Director” defined. |
| NRS 349.939. “Expense of operation and maintenance” defined. |
| NRS 349.940. “Mortgage” defined. |
| NRS 349.941. “Obligor” defined. |
| NRS 349.942. “Revenue bonds” defined. |
| NRS 349.943. “State securities” defined. |
| NRS 349.944. “Tax” defined. |
| NRS 349.945. “Water project” defined. |
| NRS 349.946. General powers of Director; adoption of regulations. |
| NRS 349.947. Liberal construction. |
| NRS 349.948. Prerequisites for financing water projects. |
| NRS 349.949. Forms and terms of bonds; sale; employment of financial and legal consultants. |
| NRS 349.950. Issuance of state securities or revenue bonds: Limitation on amount; payment; legislative declaration. |
| NRS 349.951. Director may charge fee against obligor; use of proceeds. |
| NRS 349.952. Account for the Financing of Water Projects: Deposits; application of revenue; investment of money from revenue bonds. |
| NRS 349.953. Refunding. |
| NRS 349.954. Limitation of actions. |
| NRS 349.955. Faith of State pledged against repeal, amendment or modification of NRS 349.935 to 349.961, inclusive. |
| NRS 349.956. Exemption of water projects from requirements of other statutes. |
| NRS 349.957. Board for Financing Water Projects: Creation; members. |
| NRS 349.958. Board for Financing Water Projects: Compensation of members. |
| NRS 349.959. Board for Financing Water Projects: Election of Chair; meetings. |
| NRS 349.960. State Engineer may advise Board; State Engineer and Director may assist in preparation of preliminary plan. |
| NRS 349.961. Water projects: Preliminary plan; approval. |
| GRANTS FOR CAPITAL IMPROVEMENTS TO PUBLICLY OWNED WATER SYSTEMS |
| NRS 349.980. Definitions. |
| NRS 349.983. Purveyors of water that are eligible to receive grants; preference for smaller systems; matching money from other sources. |
| NRS 349.984. Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems and Improvements to Certain Sewage Disposal Systems: Creation; use; payment of claims. |
| NRS 349.985. Fund for Grants for Water Conservation and Capital Improvements to Certain Water Systems: Deposit of money; interest and income credited to Fund. |
| NRS 349.986. General obligation bonds. |
| NRS 349.987. Applicability of State Securities Law and certain provisions governing financing of water projects. |