§ 244A.0345 — “Municipal securities” defined

Nevada § 244A.0345

• Jurisdiction: Nevada
• Title 20: COUNTIES AND TOWNSHIPS: FORMATION, GOVERNMENT
• Ch. 244A: Counties:

Text

“Municipal securities” means notes, warrants, interim debentures, bonds and temporary bonds issued by a municipality pursuant to a law other than the County Bond Law which are:
1. General obligations payable from ad valorem taxes that are approved by the voters of the municipality issued for a capital improvement of a library or park;
2. General obligations payable from ad valorem taxes that are approved by the voters of the municipality or are approved pursuant to subsection 3 of NRS 350.020 issued for a capital improvement of an infrastructure project other than a library or park;
3. Revenue obligations of a water authority that are payable from revenues of:
(a) The water system of the water authority;
(b) One or more of the municipalities that are members of the water authority; or
(c) Any combination of the entities described in paragraphs (a) and (b);
4. Revenue obligations of a wastewater authority that are payable from revenues of:
(a) The water reclamation system of the wastewater authority;
(b) One or more of the municipalities that are members of the wastewater authority; or
(c) Any combination of the entities described in paragraphs (a) and (b); or
5. Revenue obligations of a flood management authority that are payable from the revenues of:
(a) A flood management project of the flood management authority;
(b) One or more of the municipalities that are members of the flood management authority; or
(c) Any combination of the entities described in paragraphs (a) and (b).

Legislative History

(Added to NRS by 1999, 835 ; A 2005, 183 ; 2009, 2737 )