Title 30

NRS 349.206 “Treasurer” defined. “Treasurer” means the de facto or de jure State Treasurer of the State of Nevada, or his or her successor in functions, if any. (Added to NRS by 1967, 775)

NRS 349.208 “Trust bank” defined. “Trust bank” means: 1. A commercial bank as defined in NRS 349.160 that is authorized to exercise and is exercising trust powers. 2. A branch of the Federal Reserve Bank. 3. A credit union whose deposits are insured by the National Credit Union S…

NRS 349.210 “United States” defined. “United States” means the United States of America; and where the context so indicates, “United States” means the geographical area comprising the United States of America. (Added to NRS by 1967, 775; A 1971, 2110)

NRS 349.212 Powers of State in connection with projects. In connection with any project, the State, acting by and through the Commission, except as herein otherwise provided, may: 1. Sue and be sued; 2. Acquire and hold real or personal property, or rights or interests therein, a…

NRS 349.213 Power of eminent domain; reimbursement of public utility for removal and relocation. 1. The Commission may: (a) Exercise on behalf of the State the power of eminent domain in the manner provided in chapter 37 of NRS, except as herein otherwise provided; (b) Take any p…

NRS 349.214 Power of State to become obligated and issue securities for project. For the purpose of paying the cost of any project authorized by law (other than the State Securities Law), at any time or from time to time the State may borrow money or otherwise become obligated fo…

NRS 349.216 Types of securities which may be issued; series. The State may issue, in one series or more, without the state securities being authorized at any election in the absence of an expressed provision to the contrary in the act authorizing the project and the issuance of s…

NRS 349.218 Notes and warrants: Maturity; extension or funding. Notes and warrants may mature at such time or times not exceeding 1 year from the date or the respective dates of their issuance as the Commission may determine. They shall not be extended or funded except by the iss…

NRS 349.220 Temporary bonds: Conditions, terms and provisions; rights and remedies of holder. Each temporary bond shall set forth substantially the same conditions, terms and provisions as the definitive bond for which it is exchanged. Each holder of a temporary bond shall have a…

NRS 349.222 Resolution authorizing issuance of securities: Description of purposes. The resolution authorizing the issuance of any state securities hereunder shall describe the purpose or purposes for which they are issued at least in general terms and may describe any purpose in…

NRS 349.223 Sale of securities as investment to defray anticipated costs of college. 1. A particular issue of state securities may be sold as an investment for the purpose of accumulating money for the future generally or to defray prospectively the anticipated costs of college i…

NRS 349.224 General obligations: Types of securities. The State may issue as general obligations any of the following types of state securities: 1. Notes; 2. Warrants; 3. Interim debentures; 4. Bonds; and 5. Temporary bonds, Ê payable from taxes, or payable from taxes and additio…

NRS 349.225 General obligation bonds subject to review and approval of State Board of Finance; exception. Except for bonds issued by the Colorado River Commission of Nevada which are additionally supported by pledged revenues of a project, any general obligation bond authorized o…

NRS 349.226 Special obligations: Types of securities. The State may issue as special obligations any of the following types of state securities: 1. Notes; 2. Warrants; 3. Interim debentures; 4. Bonds; and 5. Temporary bonds, Ê in anticipation of net pledged revenues but not under…

NRS 349.227 Rates of interest for certain securities; agreement with third party for assurance of payment for securities; reimbursement for advances made pursuant to agreement. 1. In the case of securities bearing interest at a variable rate of interest, or in the case of securit…

NRS 349.2275 Variable rates of interest: Exemption from limitations; conclusive findings of Commission that procedure for determination of rates is reasonable. In fixing the rate or rates of interest for state securities pursuant to subsection 1 of NRS 349.227 or the rate or rate…

NRS 349.228 Securities issued as general obligations payable from gross revenues: Covenant requiring appropriations to pay expenses of operation and maintenance. Any resolution authorizing the issuance of general obligation state securities payable from gross revenues or any inde…

NRS 349.230 Securities issued as general obligations constitute outstanding indebtedness of State; exceptions. Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures…

NRS 349.232 Securities issued as special obligations do not constitute outstanding indebtedness of State. Any other state securities (except general obligation notes and general obligation warrants) constitute special obligations of the State, and all such other securities (inclu…

NRS 349.234 Recitals required in state securities. 1. State securities issued hereunder and constituting special obligations shall recite in substance that the securities and the interest thereon are payable solely from the net revenues pledged to the payment thereof. 2. State se…

NRS 349.236 Payment of principal of and interest on general obligation bonds from Consolidated Bond Interest and Redemption Fund. Payment of the principal of and the interest on general obligation bonds shall be made from the Consolidated Bond Interest and Redemption Fund of the …

NRS 349.238 Annual levy of special tax to pay interest on and retire securities issued as general obligations; proceeds of tax kept in two special funds. 1. There must be levied annually a special tax on all property, both real and personal, subject to taxation within the boundar…

NRS 349.240 Time and duration of levy of special tax. Such tax shall be levied immediately after the issuance of any general obligation securities issued in accordance with the provisions of the State Securities Law, and annually thereafter, at the times and in the manner provide…

NRS 349.242 Payment from State General Fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of State General Fund. Any sums coming due on any general obligation state securities at any time when there are not on hand from such …

NRS 349.244 Application of other available money to payment of interest on and principal of securities issued as general obligations. Nothing contained in the State Securities Law shall be so construed as to prevent the State from applying any funds (other than taxes) that may be…

NRS 349.248 Proceeds of taxes specially appropriated to payment of principal and interest. There is by the State Securities Law, and there shall be by resolution authorizing the issuance of any indebtedness contracted in accordance with the provisions of the State Securities Law,…

NRS 349.250 Payment of state securities not to be secured by encumbrance, mortgage or pledge of State’s property; exception. The payment of state securities shall not be secured by an encumbrance, mortgage or other pledge of property of the State, except for its pledged revenues,…

NRS 349.251 Agreement for exchange of payments based on interest rates for state securities issued or proposed to be issued by Commission: Conditions; rates of interest; term of agreement; agreement does not constitute outstanding indebtedness of State; limitations on rate of int…

NRS 349.252 Recourse against members of Commission and state officers and agents: Acceptance of securities constitutes waiver and release. No recourse shall be had for the payment of the principal of, any interest on, and any prior redemption premiums due in connection with any b…

NRS 349.254 Covenants in resolution authorizing issuance of special obligations impose no liability against State or its general credit. None of the covenants, agreements, representations and warranties contained in any resolution authorizing the issuance of bonds or other state …

NRS 349.256 Faith of State pledged against repeal, amendment or modification of State Securities Law. The faith of the State is hereby pledged that the State Securities Law, any law supplemental or otherwise appertaining thereto, and any other act concerning the bonds or other st…

NRS 349.260 Details of state securities provided by resolution. Except as otherwise provided in the Constitution of the State and as otherwise provided in the State Securities Law and in any other act the provisions of which are relevant by express reference herein thereto, any s…

NRS 349.262 Issuance of state securities. 1. Notwithstanding the provisions of any other law, notes or bonds may be issued at public or private sale. 2. Warrants may be issued to evidence the amount due to any person furnishing services or materials as provided in the State Secur…

NRS 349.270 Securities sold publicly to be sold to responsible bidder making best bid; equal bids. 1. If securities are sold publicly and subject to the right of the Commission to reject any and all bids, the securities must be sold to the responsible bidder making the best bid. …

NRS 349.274 Recital in securities conclusive evidence of validity and regularity of issuance. A resolution providing for the issuance of bonds or other state securities hereunder or an indenture or other proceedings appertaining thereto may provide that the securities contain a r…

NRS 349.276 Denomination, negotiability and maturity of state securities; rate of interest. 1. As the Commission may determine, any bonds and other state securities issued hereunder, except as otherwise provided in the Constitution of the State, or in the State Securities Law, or…

NRS 349.278 Payment of principal, interest and premium when due without further order. The principal of, the interest on and any prior redemption premium due in connection with any state securities shall be paid as the same become due in accordance with the terms of the securitie…

NRS 349.280 Interest coupons. Any bonds issued hereunder (except temporary bonds) shall have one or two sets of interest coupons, bearing the number of the bond to which they are respectively attached, numbered consecutively in regular numerical order, and attached in such manner…

NRS 349.282 Execution, signing, countersigning and authentication of state securities and coupons. Bonds and other state securities issued hereunder shall be executed in the name of the State, shall be signed by the Governor, shall be countersigned by the Chair of the Commission …

NRS 349.284 Facsimile signatures and seals. Any bonds or other securities, including without limitation any certificates endorsed thereon, may be executed with facsimile signatures and seals as provided in chapter 351 of NRS. (A compliance therewith is not a condition precedent t…

NRS 349.286 Securities not invalid because signatories cease to fill offices. The bonds, any coupons appertaining thereto and other securities, bearing the signatures of the officers in office at the time of the signing thereof, shall be the valid and binding obligations of the S…

NRS 349.288 Adoption of facsimile signature of predecessor in office. Any officer authorized or permitted to sign any bonds, any coupons or any other securities, at the time of their execution and of a signature certificate appertaining thereto, may adopt as and for his or her ow…

NRS 349.290 Redemption before maturity. The Commission may provide for the redemption of any or all of the bonds or other state securities before maturity, in such order, by lot or otherwise, at such time or times, without or with the payment of such premium or premiums not excee…

NRS 349.292 Repurchase of state securities. Any bonds or other state securities may be repurchased by the Commission out of any funds available for such purpose at a price of not more than the principal amount thereof and accrued interest, plus the amount of the premium, if any, …

NRS 349.294 Use of money received from issuance of state securities. All moneys received from the issuance of any securities herein authorized shall be used solely for the purpose or purposes for which issued and to defray wholly or in part the cost of the project thereby delinea…

NRS 349.296 Disposition of unexpended balance of proceeds after completion of project. Any unexpended balance of the proceeds of such securities remaining after the completion of the acquisition or improvement of properties pertaining to the project or otherwise the completion of…