Loans to municipalities by state purchase of municipal securities authorized.

NRS 350A.130 Loans to municipalities by state purchase of municipal securities authorized. In order to: 1. Protect and preserve the property and natural resources of the State, and to obtain the benefits thereof; and 2. Assist municipalities in the acquisition, construction and equipping of public improvements, Ê the State Treasurer may make loans to municipalities by purchasing their municipal securities validly issued for a purpose related to natural resources or their revenue securities validly issued for a purpose related to any undertaking which the municipality is authorized to complete. (Added to NRS by 1981, 768; A 1993, 2319)