Title 34

NRS 396.845 Power of University or Regents to become obligated and issue securities for project; other powers. 1. Where any project is otherwise authorized by law and where the University or the Board is otherwise authorized by law to issue its securities to defray the cost of th…

NRS 396.8455 Board of Regents authorized to delegate its authority to sign contract for purchase of securities or to accept bid for securities; certain terms of securities must be approved by Board of Regents. 1. The Board may, before any sale of securities, whether by competitiv…

NRS 396.846 Types of securities which may be issued; series. The University or the Board may issue in one series or more, without their being authorized at any election, in anticipation of net pledged revenues, and constituting special obligations of the University or the Board, …

NRS 396.847 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 Board may determine. They shall not be extended or funded except by the issuance…

NRS 396.848 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 396.849 Resolution authorizing issuance of securities: Description of purposes. The resolution authorizing the issuance of any securities hereunder shall describe the purpose or purposes for which they are issued at least in general terms and may describe any purpose in detai…

NRS 396.8495 Resolution authorizing issuance of securities may fix rate of interest; Board of Regents authorized to enter into agreement for assurance of payment in connection with securities; exemption from limitation on rates of interest. 1. The resolution authorizing the issua…

NRS 396.850 Details of securities provided by resolution. Except as herein otherwise provided and as otherwise provided in any other act the provisions of which are relevant by express reference herein thereto, any securities issued hereunder must be: 1. In such form; 2. Issued i…

NRS 396.851 Recital in securities conclusive evidence of validity and regularity of issuance. A resolution providing for the issuance of bonds or other securities hereunder or an indenture or other proceedings appertaining thereto may provide that the securities contain a recital…

NRS 396.852 Denomination, negotiability and maturity of securities; interest and interest coupons. 1. Except as otherwise provided in this section and NRS 99.067, as the Board may determine, any bonds and other securities issued hereunder must: (a) Be of a convenient denomination…

NRS 396.853 Execution, signing, countersigning and authentication of securities and coupons; facsimile signature. 1. Bonds and other securities issued hereunder shall be executed in the name of the University or the Board, shall be signed by the Chair of the Board, shall be attes…

NRS 396.854 Redemption before maturity. The Board may provide for the redemption of any or all of the bonds or other 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 exceeding 9 perc…

NRS 396.855 Repurchase of bonds and other securities. Any bonds or other securities may be repurchased by the Board 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, w…

NRS 396.856 Use of money received from issuance of 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 the cost of the project thereby delineated. Any accrued interes…

NRS 396.857 Disposition of unexpended balance 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 the purpose…

NRS 396.858 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 396.859 Special funds and accounts: Creation; purposes. The Board in any resolution 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 the cost…

NRS 396.860 Employment of legal and other expert services; contracts for sale and other purposes. 1. The Board on its behalf or on the University’s behalf may employ legal, fiscal, engineering, and other expert services in connection with any project or otherwise appertaining to …

NRS 396.861 Investment and reinvestment of revenues and proceeds of securities in federal securities. 1. The Board may cause to be invested and reinvested any pledged revenues and any proceeds of bonds or other securities issued hereunder in federal securities and may cause such …

NRS 396.8615 Investment and reinvestment of pledged revenues and proceeds of securities issued in investment contract collateralized with securities issued by Federal Government. In addition to the investments permitted by NRS 396.861, the Board, subject to any contractual limita…

NRS 396.862 Covenants and other provisions in bonds and other securities. Any resolution providing for the issuance of any bonds or other securities hereunder payable from pledged revenues and any indenture or other instrument or proceedings appertaining thereto may at the discre…

NRS 396.8625 Agreements in connection with securities: Exchange of interest rates; payment of interest at fixed rate or variable rate; terms; exemption from limitation on rates of interest; payments from pledged revenues authorized. 1. The University, in connection with securitie…

NRS 396.863 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 University or the Board, shall immediately be subject to the lien of each…

NRS 396.864 Rights and powers of holders of securities and trustees. Subject to any contractual limitations binding upon the holders of any issue or series of securities, or trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specifie…

NRS 396.865 Receivers: Appointment; powers and duties. 1. If a resolution of the Board authorizing or providing for the issuance of any securities of any series or any other proceedings appertaining thereto contains a provision authorized by subsection 28 of NRS 396.862 and furth…

NRS 396.866 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 coupons is exclusive of any…

NRS 396.867 Failure of holder to proceed does not relieve University and its officers, agents and employees of liability for nonperformance of duties. The failure of any holder of any securities or any coupons appertaining thereto so to proceed as herein provided or in such proce…

NRS 396.868 Interim debentures: Maturity; use of proceeds; issuance. 1. Any interim debentures may mature at such time or times not exceeding a period of time equal to the estimated time needed to effect the purpose or purposes for which they are issued or for which the bonds are…

NRS 396.869 Interim debentures: Security for payment. 1. Pledged revenues and other money, including without limitation proceeds of bonds to be issued or reissued after the issuance of interim debentures, and bonds issued to secure the payment of interim debentures, or any combin…

NRS 396.870 Interim debentures: Extension and funding. No interim debentures issued pursuant to the provisions hereof shall be extended or funded except by the issuance or reissuance of a bond or bonds in compliance herewith. (Added to NRS by 1967, 18)

NRS 396.871 Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds. 1. For the purpose of funding any interim debentures, any bonds pledged as collateral security to secure the payment of such interim debentures (upon their surr…

NRS 396.872 Refunding of securities payable from pledged revenues: Resolution; trust indenture; limitations on call for prior redemption; exchange of outstanding securities held by State or its agencies; outstanding securities evidencing long-term loans. 1. Any bonds of the Board…

NRS 396.873 Refunding bonds: Exchange for outstanding bonds or federal securities; public or private sale. 1. Any bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds being refunded or may be publicly or privately sold. 2. The refundin…

NRS 396.874 Conditions for refunding bonds. 1. No bonds may be refunded hereunder unless the holders thereof voluntarily surrender them for exchange or payment, or unless they either mature or are callable for prior redemption under their terms within 25 years after the date of i…

NRS 396.875 Refunding bonds: Disposition of proceeds, accrued interest and premium; costs; escrow; trusts. 1. Except as herein otherwise provided, the proceeds of refunding bonds shall either be immediately applied to the retirement of the bonds to be refunded or be placed in esc…

NRS 396.876 Proceeds of refunding bonds in escrow or trust: Investment; security; sufficient amount; purchaser not responsible for application of proceeds. 1. Any such escrow or trust shall not necessarily be limited to proceeds of refunding bonds but may include other moneys ava…

NRS 396.877 Refunding bonds payable from pledged revenues. Refunding bonds may be made payable from any pledged revenues which might be legally pledged for the payment of the bonds being refunded at the time of the refunding or at the time of the issuance of the bonds being refun…

NRS 396.878 Issuance of bonds separately or in combination. Bonds for refunding and bonds for any other purpose or purposes authorized by any other law may be issued separately or issued in combination in one series or more by the University or the Board. (Added to NRS by 1967, 2…

NRS 396.879 Other statutory provisions applicable to refunding bonds. Except as in NRS 396.872 to 396.878, inclusive, expressly provided or necessarily implied, the relevant provisions elsewhere herein appertaining generally to the issuance of bonds to defray the cost of any proj…

NRS 396.880 Conclusive determination of Board of Regents that statutory limitations have been met. The determination of the Board that the limitations hereunder imposed upon the issuance of bonds or upon the issuance of other securities hereunder, including without limitation any…

NRS 396.881 Bonds and other securities exempt from taxation; exception. 1. Except as otherwise provided in subsection 2, bonds and other securities issued pursuant to the provisions of the University Securities Law, their transfer and the income therefrom must forever be and rema…

NRS 396.882 Bonds and other securities legal investments for state money. It is legal for the State Board of Finance to invest any permanent state funds or other state funds available for investment in any of the bonds or other securities authorized to be issued pursuant to the p…

NRS 396.883 Legal investments for other persons. 1. It is legal for any bank, trust company, banker, savings bank or institution, savings and loan association, investment company and any other person carrying on a banking or investment business, any insurance company, insurance a…

NRS 396.884 Sufficiency of NRS 396.809 to 396.885, inclusive. 1. NRS 396.809 to 396.885, inclusive, without reference to other statutes of this state, except as herein otherwise expressly provided, shall constitute full authority for the exercise of the incidental powers herein g…

NRS 396.885 Liberal construction. NRS 396.809 to 396.885, inclusive, being necessary to secure the public health, safety, convenience and welfare shall be liberally construed to effect their purposes. (Added to NRS by 1967, 23) PROGRAM TO PROVIDE LOANS TO NURSING STUDENTS

NRS 396.890 Administration by Board of Regents; eligibility for loans; terms and repayment of loans; delinquency charges. 1. The Board of Regents may administer, directly or through a designated officer or employee of the System, a program to provide loans for fees, books and liv…