Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE30 PUBLIC BORROWING AND OBLIGATIONS |
CHAPTER350. Municipal Obligations |
GENERAL PROVISIONS |
NRS 350.0015. Definitions. |
NRS 350.0045. “General obligation debt” defined. |
NRS 350.0055. “Installment-purchase agreement” defined. |
NRS 350.0065. “Local government” defined. |
NRS 350.007. “Medium-term obligation” defined. |
NRS 350.0075. “Special obligation” defined. |
NRS 350.008. Term of installment-purchase agreement. |
NRS 350.009. Regulations. |
DEBT MANAGEMENT COMMISSION |
NRS 350.011. Definitions. |
NRS 350.0115. Creation; composition; selection and terms of members; interest in securities issued by State or political subdivision prohibited; vacancies. |
NRS 350.012. Meetings; officers; removal of member; quorum; compensation. |
NRS 350.0125. Technical assistance provided by Department of Taxation or board of county commissioners to carry out duties of commission. |
NRS 350.014. Approval or notification of commission required for certain proposals. |
NRS 350.0145. Notice and submission of statement of certain proposals to commission; procedure for approval or disapproval. |
NRS 350.015. Criteria for approval or disapproval of certain proposals; requests for information; use of money received from sale of general obligation debt or from special elective tax. |
NRS 350.016. Evaluation of proposal: Power of commission to employ consultants; costs. |
NRS 350.0165. Applicability of NRS 350.011 to 350.0165, inclusive. |
PROPOSALS TO ISSUE OBLIGATIONS |
NRS 350.0205. Committee on Local Government Finance to provide forms for submitting ballot question and examples of past ballot questions for issuance or incurrence of general obligations. |
NRS 350.021. Proposal may be combined on ballot with proposal to levy tax ad valorem for related purpose. |
NRS 350.022. Notice of election on proposal to issue general obligations: Publication. |
NRS 350.027. Sample ballot to contain estimate of annual cost to operate, maintain and repair improvements. |
NRS 350.030. Election on proposal to issue general obligations: Expenses; ballots; validity of proposal; applicability of general election laws. |
NRS 350.070. Approval or disapproval by electors of proposal to issue general obligations: Procedure; validity of result. |
MEDIUM-TERM OBLIGATIONS |
NRS 350.087. Resolution authorizing medium-term obligation or installment-purchase agreement: Adoption; contents; notice. |
NRS 350.089. Approval of resolution for medium-term obligation or installment-purchase agreement by Executive Director of Department of Taxation; appeal to Nevada Tax Commission. |
NRS 350.093. Limitations on transfer of money for medium-term obligation; refund of transfer. |
NRS 350.095. Levy of special tax; transfer of money remaining in fund. |
SALE OF BONDS BY COMPETITIVE BID OR NEGOTIATED SALE |
NRS 350.105. Definitions. |
NRS 350.115. “Bond” defined. |
NRS 350.125. “Competitive bid” defined. |
NRS 350.135. “Financial adviser” defined. |
NRS 350.145. “Negotiated sale” defined. |
NRS 350.155. Sale by competitive bid: Requirements; exceptions; contents of certificate required for certain bonds; filing and approval of certificate; publication of invitation for competitive bids. |
NRS 350.165. Delegation of authority to sign contract to purchase or accept binding bid for bonds; approval of certain terms by governing body required. |
NRS 350.185. Negotiated sale: Procedure for selection of proposal for sale of bonds; certification of procedure. |
NRS 350.195. Financial adviser: Prohibited acts. |
INTEREST RATES; DISCOUNTS; LIMITATION ON ISSUANCE OR SALE |
NRS 350.201. Definitions. |
NRS 350.2011. Maximum rate of interest on securities of political subdivisions. |
NRS 350.2012. Discounts. |
NRS 350.2013. Issuance or sale more than 6 years after date of election prohibited; exception. |
COUNTY DEBT SERVICE FUND |
NRS 350.202. County ordinance may provide for service of bonded indebtedness for general obligations through single debt service fund; consolidated levy of taxes. |
NRS 350.204. Merger of sinking and other debt service funds into single fund. |
NRS 350.206. Sufficiency of levy of taxes. |
NRS 350.208. Obligation of bond not impaired. |
WATER AND SEWER REVENUE BOND LAW |
NRS 350.350. Short title. |
NRS 350.360. Definitions. |
NRS 350.370. Additional powers of municipality under NRS 350.350 to 350.490, inclusive. |
NRS 350.373. Supplemental powers of municipality to prescribe, revise and collect charges; expenses of collection. |
NRS 350.375. Use of revenues derived from undertaking of municipality. |
NRS 350.380. Undertaking and issuance of bonds: Procedure. |
NRS 350.400. Sale of bonds. |
NRS 350.490. Powers conferred in NRS 350.350 to 350.490, inclusive, additional and supplemental; controlling provisions. |
VIOLATION OF BOND COVENANTS |
NRS 350.495. Willful violation of covenant in securities by member of governing body, officer or agent of municipality unlawful; penalty. |
LOCAL GOVERNMENT SECURITIES LAW |
NRS 350.500. Short title. |
NRS 350.502. Purpose; supplemental nature. |
NRS 350.504. Definitions. |
NRS 350.506. “Acquisition” and “acquire” defined. |
NRS 350.508. “Chair” and “chair of the municipality” defined. |
NRS 350.510. “Clerk” defined. |
NRS 350.512. “Commercial bank” defined. |
NRS 350.514. “Condemnation” and “condemn” defined. |
NRS 350.516. “Cost of any project” defined. |
NRS 350.517. “Disposal” and “dispose” defined. |
NRS 350.5175. “Equip” and “equipment” defined. |
NRS 350.518. “Facilities” defined. |
NRS 350.520. “Federal Government” defined. |
NRS 350.522. “Federal securities” defined. |
NRS 350.524. “Governing body” defined. |
NRS 350.526. “Gross revenues” and “gross pledged revenues” defined. |
NRS 350.528. “Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto,” “hereunder,” “heretofore” and “hereafter” defined. |
NRS 350.530. “Holder” defined. |
NRS 350.532. “Improvement” and “improve” defined. |
NRS 350.534. “Municipal” defined. |
NRS 350.536. “Municipal securities” and “securities” defined. |
NRS 350.538. “Municipality” defined. |
NRS 350.540. “Net revenues” and “net pledged revenues” defined. |
NRS 350.542. “Operation and maintenance expenses” defined. |
NRS 350.544. “Operation and maintenance expenses” limited. |
NRS 350.546. “Ordinance” defined. |
NRS 350.550. “Pledged revenues” defined. |
NRS 350.552. “Project” defined. |
NRS 350.554. “Public body” defined. |
NRS 350.556. “State” defined. |
NRS 350.558. “Taxation” defined. |
NRS 350.560. “Taxes” defined. |
NRS 350.562. “Treasurer” defined. |
NRS 350.564. “Trust bank” defined. |
NRS 350.566. “United States” defined. |
NRS 350.568. Powers of municipality in connection with projects. |
NRS 350.569. Power of eminent domain; reimbursement of public utility for removal and relocation. |
NRS 350.570. Power of municipality to become obligated and issue securities for project. |
NRS 350.572. Types of securities which may be issued; series. |
NRS 350.573. Sale of right to call for purchase of securities. |
NRS 350.574. Notes and warrants: Maturity; extension or funding. |
NRS 350.575. Resolution to finance preservation or restoration of historic structure; approval of Executive Director of Department of Taxation; appeal to Nevada Tax Commission. |
NRS 350.5755. Issuance of negotiable notes or bonds to finance restoration of historic structure; maturity; interest. |
NRS 350.576. Temporary bonds: Conditions, terms and provisions; holder’s rights and remedies. |
NRS 350.578. Ordinance authorizing issuance of securities: Description of purposes. |
NRS 350.579. Emergency ordinances: Adoption; effective date. |
NRS 350.580. General obligations: Types of securities. |
NRS 350.582. Special obligations: Types of securities. |
NRS 350.5835. Variable rates of interest: Exemption from limitations; conclusive findings of governing body that procedure for determination of rates is reasonable. |
NRS 350.584. Municipal securities payable from gross revenues: Covenant requiring appropriations to pay operation and maintenance expenses. |
NRS 350.586. Securities issued as general obligations constitute outstanding indebtedness. |
NRS 350.588. Securities issued as special obligations do not constitute outstanding indebtedness. |
NRS 350.590. Recitals required in municipal securities. |
NRS 350.594. Time and duration of levy of special tax. |
NRS 350.596. Payment from general fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of general fund. |
NRS 350.598. Application of other available money to payment of interest on and principal of securities issued as general obligations. |
NRS 350.602. Proceeds of taxes specially appropriated to payment of principal and interest. |
NRS 350.604. Payment of municipal securities not to be secured by encumbrance, mortgage or pledge of municipality’s property; exception. |
NRS 350.606. Recourse against officers and agents of municipality: Acceptance of securities constitutes waiver and release. |
NRS 350.608. Covenants in ordinance authorizing issuance of special obligations impose no liability against municipality or its general credit. |
NRS 350.610. Faith of State pledged against repeal, amendment or modification of Local Government Securities Law. |
NRS 350.614. Details of municipal securities provided by ordinance. |
NRS 350.616. Sale or issuance of municipal securities. |
NRS 350.628. Recital in securities conclusive evidence of validity and regularity of issuance. |
NRS 350.630. Denomination, negotiability and maturity of municipal securities; rate of interest. |
NRS 350.632. Payment of principal, interest and premium when due without further order. |
NRS 350.634. Interest coupons. |
NRS 350.636. Execution, signing and authentication of municipal securities and coupons. |
NRS 350.638. Facsimile signatures and seals. |
NRS 350.640. Securities not invalid because signatories cease to fill offices. |
NRS 350.642. Adoption of facsimile signature of predecessor in office. |
NRS 350.644. Redemption before maturity. |
NRS 350.646. Repurchase of municipal securities. |
NRS 350.648. Use of money received from issuance of municipal securities. |
NRS 350.650. Disposition of unexpended balance of proceeds after completion of project. |
NRS 350.652. Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds. |
NRS 350.654. Special funds and accounts: Creation; purposes. |
NRS 350.656. Employment of legal and other expert services; contracts for sale and other purposes. |
NRS 350.658. Investment and reinvestment of revenues and proceeds of taxes and securities in federal securities and certain money market mutual funds. |
NRS 350.660. Covenants and other provisions in municipal securities. |
NRS 350.662. Pledged revenues received or credited subject to immediate lien; priority and validity of lien. |
NRS 350.664. Rights and powers of holders of municipal securities and trustees. |
NRS 350.666. Receivers: Appointment; powers and duties. |
NRS 350.668. Rights and remedies cumulative. |
NRS 350.670. Failure of holder to proceed does not relieve municipality, governing body and officers, agents and employees of municipality of liability for nonperformance of duties. |
NRS 350.672. Interim debentures: Issuance for general or special obligations. |
NRS 350.674. Issuance of municipal securities constituting debt to fund or refund special obligations not constituting indebtedness: Conditions; restrictions. |
NRS 350.676. Interim debentures: Maturity; use of proceeds; issuance. |
NRS 350.678. Interim debentures: Security for payment. |
NRS 350.680. Interim debentures: Extension and funding. |
NRS 350.682. Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds. |
NRS 350.684. Refunding of general and special obligation bonds: Ordinance; trust indenture. |
NRS 350.686. Calls for prior redemption: Limitations. |
NRS 350.688. Exchange of outstanding securities held by State or its agencies for funding or refunding. |
NRS 350.690. Refunding of outstanding securities evidencing long-term loans. |
NRS 350.692. Refunding bonds: Sale or exchange for outstanding bonds; exchange for federal securities. |
NRS 350.694. Conditions for refunding bonds. |
NRS 350.696. Refunding bonds: Disposition of proceeds, accrued interest and premium; costs; escrow; trusts. |
NRS 350.698. Proceeds of refunding bonds in escrow or trust: Investment; security; sufficient amount; purchaser not responsible for application of proceeds. |
NRS 350.700. Refunding bonds payable from taxes or pledged revenues. |
NRS 350.702. Issuance of bonds separately or in combination. |
NRS 350.704. Bonds of abolished municipalities may be refunded. |
NRS 350.706. Other statutory provisions applicable to refunding bonds. |
NRS 350.708. Conclusive determination of governing body that statutory limitations have been met. |
NRS 350.710. Bonds and other securities exempt from taxation; exception. |
NRS 350.712. Securities issued as general obligations are legal investments for state money. |
NRS 350.714. Legal investments for other persons. |
NRS 350.718. Sufficiency of Local Government Securities Law. |
NRS 350.720. Liberal construction. |
MISCELLANEOUS PROVISIONS |
NRS 350.800. Transactions whereby municipality acquires property and another person acquires or retains security interest in that or other property. |
NRS 350.810. Purchase of municipal obligations by financial adviser of municipality limited. |
NRS 350.820. Agreements for exchange of interest rates. |