Title 30

NRS 349.017 Notice of registration of electors for special election; hours for registration. 1. If the bond question is submitted at a general election, no notice of registration of electors is required other than that required by the laws for a general election. 2. If the bond q…

NRS 349.020 Ballots: Form. 1. The election officers of the State who are charged with the duty of providing for and conducting the election shall provide printed ballots for the use of the voters entitled to vote at the election. Any bond question may be submitted on the same bal…

NRS 349.030 Ballot boxes; mechanical recording devices for voting. 1. The election officers of the State who are charged with the duty of providing for and conducting the election shall provide one ballot box at each polling place for the purpose of the election. If a bond electi…

NRS 349.040 Special election: Appointment and duties of inspectors and clerks; election board and precincts. 1. When a special election is called, on or before 15 days before the date of the election the several boards of county commissioners of this state shall, subject to the p…

NRS 349.050 Qualifications of electors; voting by mail. 1. Every citizen of the United States, 18 years of age or over, who has resided in the State and in the county 30 days next preceding such election, is entitled to vote at the election if he or she has complied with the regi…

NRS 349.060 Canvass of votes; certification of results; abstract transmitted by county clerk to Secretary of State. 1. Immediately after the closing of the polls, the election officers shall proceed to canvass the ballots. 2. The results disclosed by the canvass shall be certifie…

NRS 349.070 Approval or rejection of bonds: Procedure. 1. If a majority of the electors voting on the bond question is in favor of the issuance of the bonds, the proposal to issue them shall have been carried, and the proper officers of the State shall, in the manner provided by …

NRS 349.071 Powers of State Board of Finance. 1. The State Board of Finance may issue and redeem securities on behalf of the State, when such issue is authorized by law, in the manner provided by the State Securities Law. 2. The State Board of Finance constitutes the successor of…

NRS 349.072 State Bond Issuance Account: Creation; appropriations. There is hereby created in the General Fund in the State Treasury the State Bond Issuance Account to which moneys may be appropriated for the payment of incidental expenses pertaining to state securities and proje…

NRS 349.073 Issuance of interim debentures to pay for general operations of the State upon certain determinations relating to State General Fund cash balance. 1. The State Board of Finance may issue general obligation interim debentures payable from taxes or special obligation in…

NRS 349.075 Definitions. As used in NRS 349.075 to 349.078, inclusive: 1. “Par” means the principal amount of a security plus the accrued interest thereon from the date of the bonds to the date of delivery and full payment. 2. “Security” means a bond or other evidence of indebted…

NRS 349.076 Maximum rate of interest on securities issued by State. Except as otherwise provided by a specific statute, including, without limitation, NRS 99.067, the rate or rates of interest on securities issued by the State must not exceed by more than 3 percent: 1. For genera…

NRS 349.077 Discounts. Except as otherwise provided by a specific statute, securities issued by the State may be sold at par, above par or below par at a discount of not more than 9 percent of the principal amount, but the effective interest rate must not exceed the limit provide…

NRS 349.078 Limitation on issuance or sale after date of election. No security may be issued or sold by the State after the expiration of 6 years from the date of the election authorizing such issue, if an election is required by any law whenever enacted. (Added to NRS by 1967, 2…

NRS 349.080 Purpose of NRS 349.080 to 349.140, inclusive. The purpose of NRS 349.080 to 349.140, inclusive, is declared to be for the aid of, and not in limitation of, any act existing on March 28, 1939, or which may be enacted after March 28, 1939, providing for the payment of b…

NRS 349.090 Creation; records of accounting. There is hereby created in the State Treasury a debt service fund to be known as the Consolidated Bond Interest and Redemption Fund. The State Treasurer shall maintain records of accounting reflecting the current condition of the Fund.…

NRS 349.100 Deposits of money in Fund. All moneys in the State Treasury on March 28, 1939, credited to the account of any bond issue theretofore created by the State of Nevada, and all funds to be received thereafter on account of and for the purpose of any bond issue the redempt…

NRS 349.110 Payment of principal, interest and administrative expenses for bonds. 1. After March 28, 1939, so long as there shall be any outstanding bonds in the name of the State of Nevada, the State Treasurer shall make payment for redemption of such bonds, the interest thereon…

NRS 349.120 Legislative appropriations from State General Fund. 1. For each biennium, moneys must be provided by direct legislative appropriation from the State General Fund sufficient in amount to meet the bond interest and redemption requirements of the State of Nevada, as desi…

NRS 349.130 Deficiencies in Fund made up from State General Fund. The moneys provided for by the terms of NRS 349.080 to 349.140, inclusive, to be paid into the Consolidated Bond Interest and Redemption Fund shall, on all occasions, be applied for the purposes of redemption and i…

NRS 349.140 Effect of NRS 349.080 to 349.140, inclusive. The provisions of NRS 349.080 to 349.140, inclusive, are not intended to repeal, modify or otherwise affect the obligations of the State of Nevada or the faith thereof, nor the payment of interest and the redemption of bond…

NRS 349.150 Short title. NRS 349.150 to 349.364, inclusive, may be cited as the State Securities Law. (Added to NRS by 1967, 771; A 1985, 2088; 1993, 2279; 1995, 2237; 1997, 1291, 3012)

NRS 349.152 Purpose; supplemental nature. It is the purpose of the State Securities Law to provide a procedure for financing any projects otherwise authorized by law and for the issuance of securities to evidence or reevidence obligations incurred in connection with any projects.…

NRS 349.154 Definitions. The following terms, defined for all purposes of the State Securities Law and of any act amendatory thereof, supplemental thereto, or relating thereto, and of any instrument or document appertaining thereto, unless the context otherwise requires, have the…

NRS 349.156 “Acquisition” and “acquire” defined. “Acquisition” or “acquire” includes the opening, laying out, establishment, purchase, construction, securing, installation, reconstruction, lease, gift, grant from the Federal Government, this state, any body corporate and politic …

NRS 349.158 “Chair” and “Chair of the Commission” defined. “Chair,” or “Chair of the Commission,” or any phrase of similar import, means the de facto or de jure presiding officer of the Commission, or his or her successor in functions, if any. (Added to NRS by 1967, 771)

NRS 349.160 “Commercial bank” defined. “Commercial bank” means: 1. A state or national bank or trust company that is a member of the Federal Deposit Insurance Corporation, including, without limitation, a branch of the Federal Reserve Bank. 2. A credit union whose deposits are in…

NRS 349.162 “Commission” defined. “Commission” means the State Board of Finance, any State General Obligation Bond Commission or any other commission, board or other agency of the State which is authorized by law to issue bonds or other securities in the name and on behalf of the…

NRS 349.164 “Condemnation” and “condemn” defined. “Condemnation” or “condemn” means the acquisition by the exercise of the power of eminent domain of property for any project, or an interest therein, herein designated. (Added to NRS by 1967, 771; A 1985, 276)

NRS 349.166 “Controller” defined. “Controller” means the de facto or de jure State Controller of the State of Nevada, or his or her successor in functions, if any. (Added to NRS by 1967, 772)

NRS 349.168 “Cost of any project” defined. “Cost of any project,” or any phrase of similar import, means all or any part designated by the Commission of the cost of any project, or interest therein, which cost at the option of the Commission may include all or any part of the inc…

NRS 349.169 “Disposal” and “dispose” defined. “Disposal” or “dispose” means the sale, destruction, razing, loan, lease, grant, transfer, assignment, option to sell, other contract, or other disposition, or any combination thereof, of facilities, other property, or any interest th…

NRS 349.1695 “Equip” and “equipment” defined. “Equip” or “equipment” means the furnishing of all related or appurtenant machinery, furnishings, apparatus, paraphernalia, and other gear, or any combination thereof, pertaining to any project or other property, or any interest there…

NRS 349.170 “Facilities” defined. “Facilities” means buildings, structures, utilities or other income-producing facilities from the operation of which or in connection with which pledged revenues for the payment of any bonds or other securities issued hereunder are derived, inclu…

NRS 349.172 “Federal Government” defined. “Federal Government” means the United States, or any agency, instrumentality or corporation thereof. (Added to NRS by 1967, 773)

NRS 349.174 “Federal securities” defined. “Federal securities” means bills, certificates of indebtedness, notes, bonds or similar securities which are direct obligations of, or the principal and interest of which securities are unconditionally guaranteed by, the United States. (A…

NRS 349.176 “Governor” defined. “Governor” means the de facto or de jure Governor of the State of Nevada, or his or her successor in functions, if any. (Added to NRS by 1967, 773)

NRS 349.178 “Gross revenues” and “gross pledged revenues” defined. “Gross revenues” or “gross pledged revenues” means all pledged revenues received by the State and pledged wholly or in part for the payment of any state securities issued hereunder. (Added to NRS by 1967, 773)

NRS 349.180 “Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto,” “hereunder,” “heretofore” and “hereafter” defined. “Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto,” “hereunder” and any similar term refer to the…

NRS 349.182 “Holder” defined. “Holder,” or any similar term, when used in conjunction with any coupons, any bonds or any other securities, means the person in possession and the apparent owner of the designated item if such obligation is registered for payment to bearer or is not…

NRS 349.184 “Improvement” and “improve” defined. “Improvement” or “improve” includes the extension, widening, lengthening, betterment, alteration, reconstruction or other major improvement, or any combination thereof, of any properties pertaining to a project or an interest there…

NRS 349.186 “Net revenues” and “net pledged revenues” defined. “Net revenues” or “net pledged revenues” means “gross revenues,” after the deduction of operation and maintenance expenses. (Added to NRS by 1967, 774)

NRS 349.188 “Operation and maintenance expenses” defined. 1. “Operation and maintenance expenses,” or any phrase of similar import, means all reasonable and necessary current expenses of the State, paid or accrued, of operating, maintaining and repairing the facilities or of levy…

NRS 349.192 “Pledged revenues” defined. “Pledged revenues” means the moneys pledged wholly or in part for the payment of bonds or other state securities issued in accordance with the provisions of the State Securities Law, and, subject to any existing pledges or other contractual…

NRS 349.194 “Project” defined. “Project” means any undertaking or undertakings which the Commission is authorized by law (other than the State Securities Law) to complete in its name or in the name of the State, the cost of which the Commission is authorized by law (other than th…

NRS 349.196 “Secretary” defined. “Secretary” means the de facto or de jure Secretary of State of the State of Nevada, or his or her successor in functions, if any. (Added to NRS by 1967, 775)