NRS 349.610
Form and terms of bonds

  • sale
  • employment of financial and legal consultants.

1.

The bonds must be authorized by an order of the Director, and must:

(a)

Be in the denominations;

(b)

Bear the date or dates;

(c)

Mature at the time or times, not exceeding 40 years after their respective dates;

(d)

Bear interest at a rate or rates specified in the order;

(e)

Be in the form;

(f)

Carry the registration privileges;

(g)

Be executed in the manner;

(h)

Be payable at the place or places within or without the State; and

(i)

Be subject to the terms of redemption,
Ê which the order authorizing their issue provides.

2.

The bonds may be sold in one or more series at par, or below or above par, in the manner and for the price or prices which the Director determines in his or her discretion. As an incidental expense to any project to be financed by the bonds, the Director may employ financial and legal consultants in regard to the financing of the project.

3.

The bonds are fully negotiable under the terms of the Uniform Commercial Code — Investment Securities.

Source: Section 349.610 — Form and terms of bonds; sale; employment of financial and legal consultants., https://www.­leg.­state.­nv.­us/NRS/NRS-349.­html#NRS349Sec610.

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

§ 349.610’s source at nv​.us