Skip to main content
Find a Lawyer

Nevada Revised Statutes Title 34. Education § 387.522. Limitation on total amount of outstanding bonds that may be guaranteed; certification by State Treasurer deemed pledge by this state

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

1. The total amount of outstanding bonds guaranteed pursuant to NRS 387.513 to 387.528, inclusive, must not exceed:

(a) Two hundred fifty percent of the lower of the cost or fair market value of the assets in the State Permanent School Fund;

(b) A percentage of the lower of the cost or fair market value of the assets in the State Permanent School Fund specified for this purpose by section 148 of the Internal Revenue Code of 1986, 26 U.S.C. § 148, or regulations adopted pursuant to that section; or

(c) A percentage of the lower of the cost or fair market value of the assets in the State Permanent School Fund certified by the State Treasurer as the percentage used to determine the maximum amount of bonds that may be guaranteed pursuant to NRS 387.513 to 387.528, inclusive,

whichever is less.

2. A certification by the State Treasurer pursuant to paragraph (c) of subsection 1 shall be deemed a pledge by this state that, at the time a guarantee agreement is entered into, the total amount of bonds that are guaranteed pursuant to NRS 387.513 to 387.528, inclusive, will not exceed the percentage certified by the State Treasurer pursuant to paragraph (c) of subsection 1.

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

Cite this article: FindLaw.com - Nevada Revised Statutes Title 34. Education § 387.522. Limitation on total amount of outstanding bonds that may be guaranteed; certification by State Treasurer deemed pledge by this state - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-34-education/nv-rev-st-387-522/

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