NRS 277.069
Cooperative agreements concerning insurance: Powers and obligations of parties.

1.

Except as otherwise provided in subsections 2 and 3, any party to an agreement entered into pursuant to NRS 277.067, or any entity established by such an agreement, may:

(a)

Obligate itself to contribute money for the purchase of insurance, the establishment of a reserve or fund for coverage, the payment of any debt, or for any other purpose related to the undertaking;

(b)

Borrow money for any such purpose;

(c)

Issue notes and bonds evidencing the borrowing; and

(d)

Secure payment of the notes and bonds by a pledge of revenues.

2.

Except as otherwise provided in subsection 3, any obligation to contribute money which is undertaken pursuant to a cooperative agreement:

(a)

Is binding notwithstanding that it is intended to remain in force beyond the current budget year or the terms of office of the present members of the governing body of the obligor.

(b)

If undertaken to pay any debt, does not remain in force more than 30 years after the date of the borrowing.

(c)

If undertaken to pay claims and administrative expenses, does not remain in force more than 10 years, except with respect to claims arising from occurrences during the period it is in force.

3.

Except for a pledge of revenues or obligation to contribute money which pledges revenues or commits money derived from a source other than taxation, any pledge or obligation which is made or undertaken pursuant to a cooperative agreement by an agency of the State or the Nevada System of Higher Education does not remain in force after the end of the biennium in which it is made or undertaken.

Source: Section 277.069 — Cooperative agreements concerning insurance: Powers and obligations of parties., https://www.­leg.­state.­nv.­us/NRS/NRS-277.­html#NRS277Sec069.

277.045
Cooperative agreements between political subdivisions for performance of governmental functions 277.050
Sale, exchange or lease of real property by public agency: Conditions 277.053
Real property to be used for public purpose: Conveyance of such property by one political subdivision to State, state agency, another political subdivision or Indian tribe without charge. 277.055
Cooperative agreements concerning insurance between public agencies or nonprofit medical facilities: Authorization 277.056
Cooperative agreements concerning insurance between public agencies or nonprofit medical facilities: Additional powers and obligations under such agreements between housing authorities. 277.057
Cooperative agreements concerning sites of archeological, paleontological or historical significance: Legislative findings and declaration. 277.058
Cooperative agreements concerning sites of archeological, paleontological or historical significance: Authorization and purposes 277.060
Cooperative agreements concerning water and sewerage between political subdivisions in certain counties. 277.065
Cooperative agreements for improvement of quality of academic and career and technical education at correctional institutions for juveniles and state facilities for detention of children. 277.067
Cooperative agreements concerning insurance: Political subdivisions, state agencies or Nevada System of Higher Education may enter into agreement 277.069
Cooperative agreements concerning insurance: Powers and obligations of parties. 277.0655
Cooperative agreements for educational services at hospital or other facility that provides residential treatment to children. 277.0695
Cooperative agreements concerning insurance: Issuance of securities
Last Updated

Feb. 5, 2021

§ 277.069’s source at nv​.us