NRS 349.922
Bonds: Special obligations of State.

1.

All bonds issued by the Director pursuant to NRS 349.900 to 349.929, inclusive, are special, limited obligations of the State.

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 of a statute, 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 349.922 — Bonds: Special obligations of State., https://www.leg.state.nv.us/NRS/NRS-349.html#NRS349Sec922.

349.900
Legislative declaration. 349.901
Definitions. 349.902
“Account for Venture Capital” defined. 349.903
“Agreement” defined. 349.904
“Board” defined. 349.905
“Bonds” and “revenue bonds” defined. 349.906
“Director” defined. 349.907
“Expense of operation and maintenance” defined. 349.908
“Fund for the Retirement of Bonds” defined. 349.909
“Management company” defined. 349.910
General powers of Director 349.911
Limitation on personal liability of Director or person acting on his or her behalf. 349.912
Director: Selection of management company 349.913
Director: Restriction on operation or management of enterprise. 349.914
Director: Allocation of proceeds of bonds. 349.915
Contents of agreement. 349.916
Objective of investments for Account for Venture Capital. 349.917
Form of investments of management company 349.918
Prerequisites for management company. 349.919
Issuance of revenue bonds: Director required to submit findings to Board 349.920
Issuance of bonds: Findings of Director and Board. 349.921
Bonds: Safety as to repayment of principal and interest 349.922
Bonds: Special obligations of State. 349.923
Bonds: Form and terms 349.924
Bonds: Regulations for investment and reinvestment of proceeds and management of proceeds by banks or trust companies. 349.925
Bonds: Refunding. 349.926
Limitation of actions. 349.929
Account for Venture Capital to be entrusted to management company

Last Updated

Feb. 5, 2021

§ 349.922’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_349.922

Original Source: Section 349.922 — Bonds: Special obligations of State., https://www.leg.state.nv.us/NRS/NRS-349.html#NRS349Sec922 (last accessed Feb. 5, 2021).