NRS 277.0745
Issuance and repayment of revenue securities.

The issuer on behalf of the borrowing local government may issue revenue securities in order to finance a facility. The revenue securities and the interest must be repaid solely from:

1.

The proceeds of the revenue securities and interest earned;

2.

Revenues of any facility financed with the revenue securities;

3.

Repayments of loans to borrowing local governments made with the proceeds of the revenue securities;

4.

Rentals or payments for installment purchases made with respect to facilities financed with revenue securities; and

5.

The proceeds of the sale of any facility financed with the proceeds of the revenue securities or any part of it.
Ê Repayment may be additionally secured by a mortgage, security interest or other encumbrance on a facility financed with the revenue securities.

Source: Section 277.0745 — Issuance and repayment of revenue securities., https://www.­leg.­state.­nv.­us/NRS/NRS-277.­html#NRS277Sec0745.

Last Updated

Feb. 5, 2021

§ 277.0745’s source at nv​.us