NRS 539.505
Bond fund: Investment and transfer of surplus money.

1.

Surplus money in the bond fund may be placed at interest or invested in approved interest-bearing securities.

2.

If, after a full redemption of any bond issue, a surplus then remains in the bond fund, such surplus may, by resolution of the board of directors, be transferred to the general fund.

Source: Section 539.505 — Bond fund: Investment and transfer of surplus money., https://www.­leg.­state.­nv.­us/NRS/NRS-539.­html#NRS539Sec505.

Last Updated

Feb. 5, 2021

§ 539.505’s source at nv​.us