Skip to main content
Find a Lawyer

Nevada Revised Statutes Title 30. Public Borrowing and Obligations § 350.185. Negotiated sale: Procedure for selection of proposal for sale of bonds; certification of procedure

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

1. The governing body of a municipality which sells bonds by a negotiated sale shall establish a procedure for the selection of a proposal for the sale of the bonds. The procedure must include a consideration of:

(a) The ability and experience of the responding underwriter in the underwriting of bonds sold by competitive bid or negotiated sale;

(b) The degree to which the proposal of the responding underwriter meets the needs of the municipality and minimizes the risk and cost to the municipality;

(c) An estimation of any fees or other elements of the gross spread between the price paid to the municipality for the bonds and the price at which the bonds are sold to investors;

(d) Any other fees, charges or commissions which the municipality will be required to pay in connection with the issuance of the bonds; and

(e) Any fees paid by the underwriter to persons who are not employees of the underwriter to obtain business from the municipality.

2. The chief administrative officer of the municipality shall certify that the procedure for selecting a proposal for the negotiated sale pursuant to NRS 350.175 was conducted in an open and fair manner.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Nevada Revised Statutes Title 30. Public Borrowing and Obligations § 350.185. Negotiated sale: Procedure for selection of proposal for sale of bonds; certification of procedure - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-30-public-borrowing-and-obligations/nv-rev-st-350-185/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard