NRS 268.539
Issuance by Director of Department of Business and Industry of bonds for governing body as special obligations of State.

1.

The governing body may exercise its power to issue bonds and to redeem them by requesting the Director of the Department of Business and Industry to issue bonds to finance any project for which bonds could be issued pursuant to NRS 268.512 to 268.568, inclusive.

2.

If the Director believes that the bonds are marketable under the terms set forth in the resolution of the governing body requesting their issuance, the Director may proceed to issue them as special obligations of the State, secured only by the revenues, mortgage or pledge specified in the resolution.

3.

The Director may receive and disburse the revenues of each project for which the Director has issued bonds, and may charge from those revenues, or directly to the city if those revenues are not sufficient, a reasonable compensation for his or her services. The Director may exercise any power which the governing body would have to collect payments due from the obligor.

Source: Section 268.539 — Issuance by Director of Department of Business and Industry of bonds for governing body as special obligations of State., https://www.­leg.­state.­nv.­us/NRS/NRS-268.­html#NRS268Sec539.

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

§ 268.539’s source at nv​.us