NRS 350.2011
Maximum rate of interest on securities of political subdivisions.

1.

Except as otherwise provided in this section and NRS 99.067, and except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, the rate or rates of interest on securities issued by a political subdivision of this state must not exceed by more than 3 percent:

(a)

For general obligations, the Index of Twenty Bonds; and

(b)

For special obligations, the Index of Revenue Bonds,
Ê which was most recently published before the bids are received or a negotiated offer is accepted.

2.

The rate or rates of interest on securities issued in whole or in part to finance the costs of a program established pursuant to NRS 244.3651 must not exceed by more than 2 percent the rate or rates of interest set forth in subsection 1.

Source: Section 350.2011 — Maximum rate of interest on securities of political subdivisions., https://www.­leg.­state.­nv.­us/NRS/NRS-350.­html#NRS350Sec2011.

Last Updated

Feb. 5, 2021

§ 350.2011’s source at nv​.us