Nevada § 277.0745 Issuance and repayment of revenue securities

Nevada Statutes

§ 277.0745 — Issuance and repayment of revenue securities

Nevada § 277.0745

Title 22COOPERATIVE AGREEMENTS BY PUBLIC AGENCIES; REGIONAL

Ch. 277Cooperative

COOPERATIVE AGREEMENTS BETWEEN LOCAL GOVERNMENTS FOR FINANCING GOVERNMENTAL FACILITIES

This text of Nevada § 277.0745 (Issuance and repayment of revenue securities) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 277.0745 (2026).

Text

The issuer on behalf of the borrowing local government may issue revenue securities in order to finance a facility. The revenue securities and the interest must be repaid solely from:

1.The proceeds of the revenue securities and interest earned;

2.Revenues of any facility financed with the revenue securities;

3.Repayments of loans to borrowing local governments made with the proceeds of the revenue securities;

4.Rentals or payments for installment purchases made with respect to facilities financed with revenue securities; and

5.The proceeds of the sale of any facility financed with the proceeds of the revenue securities or any part of it. Ê Repayment may be additionally secured by a mortgage, security interest or other encumbrance on a facility financed with the revenue securities.

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The issuer on behalf of the borrowing local government may issue revenue securities in order to finance a facility. The revenue securities and the interest must be repaid solely from:
1. The proceeds of the revenue securities and interest earned;
2. Revenues of any facility financed with the revenue securities;
3. Repayments of loans to borrowing local governments made with the proceeds of the revenue securities;
4. Rentals or payments for installment purchases made with respect to facilities financed with revenue securities; and
5. The proceeds of the sale of any facility financed with the proceeds of the revenue securities or any part of it.
Ê Repayment may be additionally secured by a mortgage, security interest or other encumbrance on a facility financed with the revenue securities.