NRS 268.538
Terms of resolution and instruments.


The resolution under which the bonds are authorized to be issued, and any indenture or mortgage given to secure the same, may contain any provisions customarily contained in instruments securing bonds and constituting a covenant with the bondholders, including, but not limited to:

1.

Custody of the proceeds from the sale of the bonds, including their investment and reinvestment until used to defray the cost of the project.

2.

The fixing and collection of payments, with respect to the project to be made under the lease, the agreement of sale or the financing agreement.

3.

The terms to be incorporated in the lease, the agreement of sale or the financing agreement with respect to the project.

4.

The maintenance and insurance of the project.

5.

The creation of funds and accounts into which any bond proceeds, revenues and income may be deposited or credited.

6.

Limitation on the purpose to which the proceeds of any bonds then or thereafter to be issued may be applied.

7.

Limitations on the issuance of additional bonds, the terms upon which additional bonds may be issued and secured, the refunding of bonds and the replacement of bonds.

8.

The procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated.

9.

Vesting in a trustee or trustees located within or without this state such properties, rights, powers and duties in trust as the governing body may determine, and limiting the rights, duties and powers of such trustees.

10.

The rights and remedies available in case of a default to the bondholders or to any trustee under the lease, agreement of sale, financing agreement, indenture or a mortgage.

Source: Section 268.538 — Terms of resolution and instruments., https://www.­leg.­state.­nv.­us/NRS/NRS-268.­html#NRS268Sec538.

268.512
Short title.
268.514
Definitions.
268.515
“Affordable housing” defined.
268.516
“Bonds” and “revenue bonds” defined.
268.517
“Finance” and “financing” defined.
268.518
“Governing body” defined.
268.519
“Health and care facility” defined.
268.520
“Mortgage” defined.
268.521
“Obligor” defined.
268.522
“Project” defined.
268.523
“Warehousing” defined.
268.524
Legislative intent.
268.525
Exercise of powers by city
268.526
General powers.
268.527
Restrictions on powers of city.
268.528
Notice and public hearing by governing body.
268.530
Determinations required of governing body after public hearing
268.532
Bonds to be special obligations.
268.534
Bonds: Form
268.536
Security.
268.538
Terms of resolution and instruments.
268.539
Issuance by Director of Department of Business and Industry of bonds for governing body as special obligations of State.
268.540
Investments and bank deposits.
268.542
Construction of project.
268.544
Limitation on city’s obligation.
268.546
Rights upon default.
268.548
Determination of costs of financing.
268.550
Lease, sale or financing of project.
268.552
Option to purchase.
268.554
Refunding.
268.556
Application of proceeds
268.558
Payment by city prohibited
268.560
Operation by city prohibited.
268.562
City’s property exempt from taxation
268.564
Eminent domain not available.
268.566
Limitation of actions.
268.5165
“Corporation for public benefit” defined.
268.5171
“Financing agreement” defined.
268.5215
“Pollution” defined.
268.5225
“Revenues” defined.
268.5227
“Supplemental facility for a health and care facility” defined.
268.5385
Issuance by governing body of city of bonds for project for affordable housing or residential housing for corporation for public benefit: Requirements.
Last Updated

Feb. 5, 2021

§ 268.538’s source at nv​.us