Nevada § 319.327 Exemption of interest on Division’s bonds from federal income taxation: Waiver; issuance of obligations not exempt from taxation

Nevada Statutes

§ 319.327 — Exemption of interest on Division’s bonds from federal income taxation: Waiver; issuance of obligations not exempt from taxation

Nevada § 319.327

Title 25PUBLIC ORGANIZATIONS FOR COMMUNITY SERVICE

Ch. 319Assistance

ISSUANCE OF NOTES, BONDS AND OTHER OBLIGATIONS

This text of Nevada § 319.327 (Exemption of interest on Division’s bonds from federal income taxation: Waiver; issuance of obligations not exempt from taxation) 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. § 319.327 (2026).

Text

The Division may:

1.Waive, by such means as the Division deems appropriate, any exemption from federal income taxation of interest on the Division’s bonds, notes or other obligations provided by 26 U.S.C. §§ 103 and 141 to 149, inclusive, and related portions of the Internal Revenue Code or any succeeding code or other federal statute providing a similar exemption; or

2.Issue notes, bonds or other obligations, the interest on which is not exempt from federal income taxation or excluded from gross revenue for the purpose of federal income taxation, if necessary to carry out the purposes of this chapter.

Free access — add to your briefcase to read the full text and ask questions with AI

The Division may:
1. Waive, by such means as the Division deems appropriate, any exemption from federal income taxation of interest on the Division’s bonds, notes or other obligations provided by 26 U.S.C. §§ 103 and 141 to 149, inclusive, and related portions of the Internal Revenue Code or any succeeding code or other federal statute providing a similar exemption; or
2. Issue notes, bonds or other obligations, the interest on which is not exempt from federal income taxation or excluded from gross revenue for the purpose of federal income taxation, if necessary to carry out the purposes of this chapter.