NRS 277.075
Prerequisites to borrowing from issuer or becoming obligated for facility.

A borrowing local government may not borrow money from an issuer or become obligated on a lease or agreement for an installment purchase for a facility financed by revenue securities unless the borrowing local government:

1.

Has the authority to borrow money or enter into a lease or agreement for an installment purchase for the facility being financed with the revenue securities; and

2.

Has followed the procedure required by law to borrow money or enter into a lease or an agreement for an installment purchase.

Source: Section 277.075 — Prerequisites to borrowing from issuer or becoming obligated for facility., https://www.­leg.­state.­nv.­us/NRS/NRS-277.­html#NRS277Sec075.

Last Updated

Feb. 5, 2021

§ 277.075’s source at nv​.us