NRS244A.048. “Revenues of a lending project” defined.  


Latest version.
  •   “Revenues of a lending project” means any money, except the proceeds of taxes levied by the county, received by the county pursuant to any lending project, including, without limitation:

          1.  Money derived from any source of revenue connected with a lending project, including, without limitation, payments by a municipality of the principal, interest or redemption premium of any municipal security, and any other income derived from the operation or administration of a lending project or the sale or other disposal of municipal securities or other assets acquired in connection with a lending project;

          2.  Loans, grants or contributions to the county from the Federal Government for the payment of the principal, interest and redemption premiums of county securities;

          3.  Fees or charges paid by a municipality in connection with a lending project; and

          4.  Money derived from the investment and reinvestment of the money described in subsection 1, 2 or 3.

      (Added to NRS by 1999, 835)