NRS 349.830
Bonds: Special obligations of State.

1.

All bonds issued by the Director are special, limited obligations of the State. The principal of, the interest on, and premiums, if any, due in connection with the bonds issued are payable from, secured by a pledge of and constitute a lien, subject to the provisions of NRS 349.700 to 349.870, inclusive, for their security, solely on the revenues derived from the payment of principal of and interest on the guaranteed funding, the proceeds of the bonds, the income derived from investment of the proceeds of the bonds and from investment of the revenues and any guarantee or insurance therefor.

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 within the meaning of any provision or limitation of the Constitution or statutes of the State of Nevada, 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 349.830 — Bonds: Special obligations of State., https://www.­leg.­state.­nv.­us/NRS/NRS-349.­html#NRS349Sec830.

349.700
Legislative declaration. 349.710
Definitions. 349.715
“Bonds” defined. 349.720
“Director” defined. 349.725
“Exporter” defined. 349.730
“Guaranteed funding” defined. 349.735
“Loss” defined. 349.740
“Participating financial institution” defined. 349.745
“Program” defined. 349.750
Director: Administration of provisions 349.755
Director: Delegation of duties. 349.760
Transactions eligible for guaranteed funding: Criteria. 349.765
Guaranteed funding provided to participating financial institution: Limitation on amount 349.770
Investigation of credit available to exporter prerequisite for guaranteed funding. 349.775
Confidentiality of information concerning exporter. 349.780
Fees charged to participating financial institution. 349.785
Agreements excusing payment on guaranteed funding and loan to exporter 349.790
Director subrogated to rights of exporter and participating financial institution upon default by exporter. 349.795
Guarantee: Not general obligation of State 349.800
Advisory Committee on Financing Exports: Creation 349.805
Advisory Committee on Financing Exports: Meetings 349.810
Advisory Committee on Financing Exports: Powers and duties. 349.815
Regulations for operation of program. 349.820
Limitation on personal liability of Director or person acting on his or her behalf. 349.825
Issuance of revenue bonds: Director required to submit findings to Advisory Committee on Financing Exports and State Board of Finance 349.830
Bonds: Special obligations of State. 349.835
Bonds: Form and terms 349.840
Bonds: Repurchase. 349.845
Bonds: Refunding. 349.850
Bonds: Legal investments. 349.855
Director: Establishment of funds and accounts 349.857
Director: Loans of securities. 349.860
Insurance.
Last Updated

Feb. 5, 2021

§ 349.830’s source at nv​.us