Nevada § 318.280 Short-term notes, warrants and interim debentures

Nevada Statutes

§ 318.280 — Short-term notes, warrants and interim debentures

Nevada § 318.280

Title 25PUBLIC ORGANIZATIONS FOR COMMUNITY SERVICE

Ch. 318General

BORROWING, BONDS AND SPECIAL ASSESSMENTS

This text of Nevada § 318.280 (Short-term notes, warrants and interim debentures) 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. § 318.280 (2026).

Text

1. A district, upon the affirmative vote of four trustees, is authorized to borrow money without an election in anticipation of the collection of taxes or other revenues (but excluding special assessments) and to issue short-term notes, warrants and interim debentures to evidence the amount so borrowed. 2. Such short-term notes, warrants and interim debentures:

(a)Shall be payable from the fund for which the money was borrowed.

(b)Shall mature before the close of the fiscal year in which the money is so borrowed, except for interim debentures.

(c)Shall not be extended or funded except in compliance with the Local Government Securities Law.

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1. A district, upon the affirmative vote of four trustees, is authorized to borrow money without an election in anticipation of the collection of taxes or other revenues (but excluding special assessments) and to issue short-term notes, warrants and interim debentures to evidence the amount so borrowed.
2. Such short-term notes, warrants and interim debentures:
(a) Shall be payable from the fund for which the money was borrowed.
(b) Shall mature before the close of the fiscal year in which the money is so borrowed, except for interim debentures.
(c) Shall not be extended or funded except in compliance with the Local Government Securities Law.