NRS 349.600
Bonds to be special obligations.

1.

All bonds issued by the Director pursuant to NRS 349.400 to 349.670, inclusive, are special, limited obligations of the State. The principal of and interest on such bonds are payable, subject to the security provisions of NRS 349.400 to 349.670, inclusive, solely out of the revenues derived from the financing, leasing or sale of the project or projects to be financed by the bonds.

2.

The bonds and interest coupons, if any, which are a part of those bonds do not constitute the debt or indebtedness of the State or any city or county within the meaning of any provision or limitation of the Constitution of the State of Nevada or statutes, and do not constitute or give rise to a pecuniary liability of the State or a charge against its general credit or taxing powers. This limitation must be plainly stated on the face of each bond.

Source: Section 349.600 — Bonds to be special obligations., https://www.­leg.­state.­nv.­us/NRS/NRS-349.­html#NRS349Sec600.

349.400
Definitions. 349.405
“Biomass” defined. 349.410
“Board” defined. 349.420
“Bonds” and “revenue bonds” defined. 349.425
“Corporation for public benefit” defined. 349.430
“Cost of a project” defined. 349.440
“Director” defined. 349.450
“Expense of operation and maintenance” defined. 349.460
“Finance” and “financing” defined. 349.470
“Financing agreement” defined. 349.475
“Fuel cell” defined. 349.480
“Health and care facility” defined. 349.485
“Historic structure” defined. 349.490
“Mortgage” defined. 349.500
“Obligor” defined. 349.510
“Project” defined. 349.515
“Renewable energy” defined. 349.517
“Renewable energy generation project” defined. 349.520
“Revenues” defined. 349.530
“Supplemental facility for a health and care facility” defined. 349.540
“Warehousing” defined. 349.550
Applicability of definitions contained in county and city economic development revenue bond laws. 349.555
Exercise of powers for general welfare 349.560
Legislative declaration. 349.565
Restrictions on Director’s powers. 349.570
General power of Director to issue bonds. 349.580
Prerequisites to financing project: Findings of Director. 349.585
Prerequisites to financing project: Approval of Office of Economic Development. 349.590
Prerequisites to financing project: Additional considerations. 349.595
Prerequisites to financing costs related to equipment for project 349.597
Confidentiality of information concerning obligor. 349.600
Bonds to be special obligations. 349.610
Form and terms of bonds 349.620
Security. 349.630
Regulations. 349.640
Refunding. 349.650
Limitation of actions.
Last Updated

Feb. 5, 2021

§ 349.600’s source at nv​.us