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Nevada Revised Statutes Title 30. Public Borrowing and Obligations § 349.986. General obligation bonds

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

1. The State Board of Finance shall issue general obligation bonds of the State of Nevada to support the purposes of the program established by NRS 349.981. The aggregate principal amount of such bonds outstanding at any one time may not exceed $125,000,000.

2. The net proceeds from the sale of the bonds must be deposited in the Fund.

3. The bonds must be redeemed through the Consolidated Bond Interest and Redemption Fund.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 30. Public Borrowing and Obligations § 349.986. General obligation bonds - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-30-public-borrowing-and-obligations/nv-rev-st-349-986/

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