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Nevada Revised Statutes Title 25. Public Organizations for Community Service § 318A.510. Short-term notes, warrants and interim debentures

Current as of January 01, 2025 | Updated by Findlaw Staff

1. A district, upon the affirmative vote of four trustees, is authorized to borrow money without an election in anticipation of the collection of taxes or other revenues, excluding special assessments, and to issue short-term notes, warrants and interim debentures to evidence the amount so borrowed.

2. Such short-term notes, warrants and interim debentures:

(a) Shall be payable from the fund for which the money was borrowed.

(b) Shall mature before the close of the fiscal year in which the money is so borrowed, except for interim debentures.

(c) Shall not be extended or funded except in compliance with the Local Government Securities Law.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 25. Public Organizations for Community Service § 318A.510. Short-term notes, warrants and interim debentures - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-25-public-organizations-for-community-service/nv-rev-st-318a-510/

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