NRS350.676. Interim debentures: Maturity; use of proceeds; issuance.

      1.  Any interim debentures may mature at such time or times not exceeding a period of time equal to the estimated time needed to effect the purpose or purposes for which they are issued or for which the bonds are authorized to be issued, but not exceeding 5 years from the date of the interim debentures, as the governing body may determine.

      2.  The proceeds of interim debentures shall be used to defray the cost of a project.

      3.  Any notes or warrants or both notes and warrants may be funded with the proceeds of interim debentures, as well as bonds.

      4.  Except as otherwise provided in NRS 350.672 to 350.682, inclusive, interim debentures shall be issued as provided herein for municipal securities in NRS 350.584 to 350.670, inclusive, and NRS 350.708 to 350.720, inclusive.

      (Added to NRS by 1967, 441; A 1969, 1593; 1975, 868)