Title 30

NRS 350.576 Temporary bonds: Conditions, terms and provisions; holder’s rights and remedies. 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 al…

NRS 350.578 Ordinance authorizing issuance of securities: Description of purposes. The ordinance authorizing the issuance of any municipal securities hereunder shall describe the purpose or purposes for which they are issued at least in general terms and may describe any purpose …

NRS 350.579 Emergency ordinances: Adoption; effective date. 1. Any ordinance pertaining to the sale, issuance or payment of bonds or other securities of the municipality (or any combination thereof) may be adopted as if an emergency existed. 2. The governing body’s declaration, i…

NRS 350.580 General obligations: Types of securities. The municipality may issue as general obligations any of the following types of municipal securities: 1. Notes; 2. Warrants; 3. Interim debentures; 4. Bonds; and 5. Temporary bonds, Ê payable from taxes, or payable from taxes …

NRS 350.582 Special obligations: Types of securities. The municipality may issue as special obligations any of the following types of municipal securities: 1. Notes; 2. Warrants; 3. Interim debentures; 4. Bonds; and 5. Temporary bonds, Ê in anticipation of net pledged revenues bu…

NRS 350.583 Variable rates of interest for securities; agreement with third party for assurance of payment for securities; reimbursement for advances made pursuant to agreement; issuance of securities as commercial paper. 1. The ordinance or resolution authorizing the issuance of…

NRS 350.5835 Variable rates of interest: Exemption from limitations; conclusive findings of governing body that procedure for determination of rates is reasonable. In fixing the rate or rates of interest for municipal securities pursuant to subsection 1 of NRS 350.583 or the rate…

NRS 350.584 Municipal securities payable from gross revenues: Covenant requiring appropriations to pay operation and maintenance expenses. Any ordinance authorizing the issuance of general obligation securities or special obligation securities payable from gross revenues or any i…

NRS 350.586 Securities issued as general obligations constitute outstanding indebtedness. Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures constitute outstandi…

NRS 350.588 Securities issued as special obligations do not constitute outstanding indebtedness. Any other municipal securities (except general obligation notes and general obligation warrants) constitute special obligations of the municipality, and all such other securities (inc…

NRS 350.590 Recitals required in municipal securities. 1. Municipal 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 or gross revenues pledged to the pa…

NRS 350.592 Annual levy of special tax to pay interest on and retire securities issued as general obligations; proceeds of tax kept in two special funds; consolidated debt service fund. 1. There must be levied annually in due season a special tax on all property, both real and pe…

NRS 350.594 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 Local Government Securities Law, and annually thereafter, at the times and in the man…

NRS 350.596 Payment from general fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of general fund. Any sums coming due on any general obligation municipal securities at any time when there are not on hand from such tax levy…

NRS 350.598 Application of other available money to payment of interest on and principal of securities issued as general obligations. Nothing contained in the Local Government Securities Law shall be so construed as to prevent the municipality from applying any funds (other than …

NRS 350.602 Proceeds of taxes specially appropriated to payment of principal and interest. There is by the Local Government Securities Law, and there shall be by ordinance authorizing the issuance of any indebtedness contracted in accordance with the provisions of the Local Gover…

NRS 350.604 Payment of municipal securities not to be secured by encumbrance, mortgage or pledge of municipality’s property; exception. 1. Except as otherwise provided in subsection 2: (a) The payment of municipal securities may not be secured by an encumbrance, mortgage or other…

NRS 350.606 Recourse against officers and agents of municipality: 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 bonds or other mu…

NRS 350.608 Covenants in ordinance authorizing issuance of special obligations impose no liability against municipality or its general credit. None of the covenants, agreements, representations and warranties contained in any ordinance authorizing the issuance of bonds or other m…

NRS 350.610 Faith of State pledged against repeal, amendment or modification of Local Government Securities Law. The faith of the State is hereby pledged that the Local Government Securities Law, any law supplemental or otherwise appertaining thereto, and any other act concerning…

NRS 350.614 Details of municipal securities provided by ordinance. Except as otherwise provided in the Local Government Securities Law and in any other act the provisions of which are relevant by express reference herein thereto or by provisions to that effect therein, any securi…

NRS 350.616 Sale or issuance of municipal securities. 1. Notes, bonds and interim debentures must be sold in the manner prescribed in NRS 350.105 to 350.195, inclusive. 2. Warrants may be issued to evidence the amount due to any person furnishing services or materials as provided…

NRS 350.628 Recital in securities conclusive evidence of validity and regularity of issuance. An ordinance providing for the issuance of bonds or other municipal securities hereunder or an indenture or other proceedings appertaining thereto may provide that the securities contain…

NRS 350.630 Denomination, negotiability and maturity of municipal securities; rate of interest. 1. As the governing body may determine, any bonds and other municipal securities issued hereunder, except as otherwise provided in the Local Government Securities Law, or in any act su…

NRS 350.632 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 municipal securities shall be paid as the same become due in accordance with the terms of the secur…

NRS 350.634 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 350.636 Execution, signing and authentication of municipal securities and coupons. Bonds and other municipal securities issued hereunder shall be executed in the name of the municipality, shall be signed by the chair of the municipality and by the treasurer, and shall be atte…

NRS 350.638 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 to…

NRS 350.640 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 m…

NRS 350.642 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 350.644 Redemption before maturity. The governing body may provide for the redemption of any or all of the bonds or other municipal securities before maturity, in such order, by lot or otherwise, at such a time or times, without or with the payment of such a premium or premiu…

NRS 350.646 Repurchase of municipal securities. Any bonds or other municipal securities may be repurchased by the governing body 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 premi…

NRS 350.648 Use of money received from issuance of municipal 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 del…

NRS 350.650 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…

NRS 350.652 Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds. 1. The validity of any securities shall not be dependent on nor affected by the validity or regularity of any proc…

NRS 350.654 Special funds and accounts: Creation; purposes. The governing body in any ordinance authorizing the issuance of bonds or other securities hereunder or in any instrument or other proceedings appertaining thereto may create special funds and accounts for the payment of …

NRS 350.656 Employment of legal and other expert services; contracts for sale and other purposes. 1. The governing body on the behalf of the municipality may employ legal, fiscal, engineering and other expert services in connection with any project or any facilities, or both such…

NRS 350.658 Investment and reinvestment of revenues and proceeds of taxes and securities in federal securities and certain money market mutual funds. 1. The governing body, subject to any contractual limitations from time to time imposed upon the municipality by any ordinance aut…

NRS 350.659 Investment and reinvestment of revenues and proceeds of taxes and certain securities in investment contract collateralized with federal securities by governing body in county whose population is 20,000 or more. The governing body of a local government in a county whos…

NRS 350.660 Covenants and other provisions in municipal securities. Any ordinance providing for the issuance of any bonds or other municipal securities hereunder payable from pledged revenues and any indenture or other instrument or proceedings appertaining thereto may at the dis…

NRS 350.662 Pledged revenues received or credited subject to immediate lien; priority and validity of lien. 1. Revenues pledged for the payment of any securities, as received by or otherwise credited to the municipality, shall immediately be subject to the lien of each such pledg…

NRS 350.664 Rights and powers of holders of municipal securities and trustees. Subject to any contractual limitations binding upon the holders of any issue or series of municipal securities, or trustee therefor, including but not limited to the restriction of the exercise of any …

NRS 350.666 Receivers: Appointment; powers and duties. 1. If an ordinance of the governing body authorizing or providing for the issuance of any municipal securities of any series or any other proceedings appertaining thereto contains a provision authorized by subsection 19 of NR…

NRS 350.668 Rights and remedies cumulative. No right or remedy conferred upon any holder of any securities or any coupon appertaining thereto or any trustee for such holder hereby or by any proceedings appertaining to the issuance of such securities or coupon is exclusive of any …

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. The failure of any holder of any municipal securities or any coupons appertaining thereto so to pro…

NRS 350.672 Interim debentures: Issuance for general or special obligations. 1. Notwithstanding any limitation or other provision herein, whenever the municipality is authorized to issue general obligation bonds, but only if the qualified electors of the municipality voting on a …