NRS244A.445. Issuance of general obligation or revenue bonds.  


Latest version.
  •   For any such purpose, the board, at any time or from time to time, in the name and on the behalf of the county may:

          1.  Issue:

          (a) General obligation bonds, payable from taxes; and

          (b) General obligation bonds, payable from taxes, which payment is additionally secured by a pledge of gross or net revenues derived from the operation of such recreational facilities, and, if so determined by the board, further secured by a pledge of such other gross or net revenues as may be derived from any other income-producing project of the county or from any license or other excise taxes levied for revenue, as may be legally made available for their payment;

          2.  Issue revenue bonds payable solely from the gross or net revenues to be derived from the operation of such recreational facilities, as the board may decide; and

          3.  Make a contract creating an indebtedness with the United States of America, or any agency or instrumentality thereof, or any other person or agency, public or private, if a question authorizing such contract is submitted to and approved by the electors of the county in the manner provided for a question in NRS 350.020 to 350.070, inclusive.

      [3:342:1955]—(NRS A 1969, 1574; 1981, 950)