eLaws | eCases | Nevada Administrative Code | Nevada Courts | Counties & Cities of Nevada | United States Code |
 Nevada Revised Statutes (Last Updated: December 24, 2014)
 TITLE22 COOPERATIVE AGREEMENTS BY PUBLIC AGENCIES; REGIONAL TRANSPORTATION COMMISSIONS; PLANNING AND ZONING; DEVELOPMENT AND REDEVELOPMENT
 CHAPTER277. Cooperative Agreements: State, Counties, Cities, Districts and Other Public Agencies
  COOPERATIVE AGREEMENTS BETWEEN LOCAL GOVERNMENTS FOR FINANCING GOVERNMENTAL FACILITIES

  NRS277.0745. Issuance and repayment of revenue securities.  

Latest version.
  •   The issuer on behalf of the borrowing local government may issue revenue securities in order to finance a facility. The revenue securities and the interest must be repaid solely from:

          1.  The proceeds of the revenue securities and interest earned;

          2.  Revenues of any facility financed with the revenue securities;

          3.  Repayments of loans to borrowing local governments made with the proceeds of the revenue securities;

          4.  Rentals or payments for installment purchases made with respect to facilities financed with revenue securities; and

          5.  The proceeds of the sale of any facility financed with the proceeds of the revenue securities or any part of it.

    Ê Repayment may be additionally secured by a mortgage, security interest or other encumbrance on a facility financed with the revenue securities.

      (Added to NRS by 1987, 1620)