Title 30

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 …

NRS 350.674 Issuance of municipal securities constituting debt to fund or refund special obligations not constituting indebtedness: Conditions; restrictions. 1. Subject to the provisions of subsections 2, 3, 4 and 5, nothing contained herein shall be construed as authorizing the …

NRS 350.676 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 350.678 Interim debentures: Security for payment. 1. Except as otherwise provided in NRS 350.674, the proceeds of taxes, pledged revenues and other money, including without limitation proceeds of bonds to be issued or reissued after the issuance of interim debentures, and bon…

NRS 350.680 Interim debentures: Extension and funding. No interim debentures issued pursuant to the provisions of NRS 350.672 to 350.678, inclusive, shall be extended or funded except by the issuance or reissuance of a bond or bonds in compliance with NRS 350.682. (Added to NRS b…

NRS 350.682 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 350.684 Refunding of general and special obligation bonds: Ordinance; trust indenture. Subject to the provisions of NRS 350.674, any general obligation bonds or special obligation bonds of the municipality issued in accordance with the provisions of the Local Government Secur…

NRS 350.686 Calls for prior redemption: Limitations. Nothing contained in the Local Government Securities Law or in any other law of this state shall be construed to permit the governing body to call on behalf of the municipality bonds or other securities outstanding now or any t…

NRS 350.688 Exchange of outstanding securities held by State or its agencies for funding or refunding. Notwithstanding the provisions of NRS 350.686 or of any other law, this state, acting by and through the State Board of Finance, may agree with the governing body to exchange an…

NRS 350.690 Refunding of outstanding securities evidencing long-term loans. Any provision herein concerning the refunding of outstanding bonds includes any outstanding securities evidencing long-term loans to the municipality regardless of whether such securities are designated a…

NRS 350.692 Refunding bonds: Sale or exchange for outstanding bonds; exchange for federal securities. 1. Any bonds issued for refunding purposes may be delivered in exchange for the outstanding bonds being refunded or may be sold in the manner prescribed in NRS 350.105 to 350.195…

NRS 350.694 Conditions for refunding bonds. 1. No bonds may be refunded under this chapter 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 from the d…

NRS 350.696 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 350.698 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 350.700 Refunding bonds payable from taxes or pledged revenues. Refunding bonds may be made payable from any taxes or pledged revenues, or both taxes and such revenues, which might be legally pledged for the payment of the bonds being refunded at the time of the refunding or …

NRS 350.702 Issuance of bonds separately or in combination. Bonds for refunding and bonds for any other purpose or purposes authorized hereby or by any other law may be issued separately or issued in combination in one series or more by the municipality in accordance with the pro…

NRS 350.704 Bonds of abolished municipalities may be refunded. 1. Bonds of any municipality abolished by law may be refunded under the provisions hereof. Whether or not the bonds of the abolished municipality have been assumed by any successor municipality prior to the issuance o…

NRS 350.706 Other statutory provisions applicable to refunding bonds. Except as in NRS 350.684 to 350.704, 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 350.708 Conclusive determination of governing body that statutory limitations have been met. The determination of the governing body that the limitations in the Local Government Securities Law imposed upon the issuance of bonds or upon the issuance of other securities hereund…

NRS 350.710 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 Local Government Securities Law, their transfer and the income therefrom must forever be an…

NRS 350.712 Securities issued as general obligations are 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…

NRS 350.714 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 350.718 Sufficiency of Local Government Securities Law. 1. The Local Government Securities Law, 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 350.720 Liberal construction. The Local Government Securities Law being necessary to secure the public health, safety, convenience and welfare, shall be liberally construed to effect its purposes. (Added to NRS by 1967, 448) MISCELLANEOUS PROVISIONS

NRS 350.800 Transactions whereby municipality acquires property and another person acquires or retains security interest in that or other property. 1. A transaction whereby a municipality acquires real or personal property and another person acquires or retains a security interes…

NRS 350.810 Purchase of municipal obligations by financial adviser of municipality limited. 1. Except as permitted by this section, no person who for compensation advises a municipality concerning the acquisition of a project to be financed in whole or in part by issuing general …

NRS 350.820 Agreements for exchange of interest rates. 1. A municipality that has issued or proposes to issue municipal securities in the amount of $10,000,000 or more may enter into an agreement for an exchange of interest rates as provided in this section if it finds that such …