Nevada § 349.223 Sale of securities as investment to defray anticipated costs of college

Nevada Statutes

§ 349.223 — Sale of securities as investment to defray anticipated costs of college

Nevada § 349.223

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 349State

STATE SECURITIES LAW

This text of Nevada § 349.223 (Sale of securities as investment to defray anticipated costs of college) 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. § 349.223 (2026).

Text

1. A particular issue of state securities may be sold as an investment for the purpose of accumulating money for the future generally or to defray prospectively the anticipated costs of college if:

(a)The resolution authorizing its issuance states that purpose and the State Board of Finance approves the sale for that purpose; and

(b)The resolution for issuance provides for the payment of compound interest on the securities. 2. The resolution authorizing the issuance of securities for the purposes described in subsection 1:

(a)May describe the securities by a designation including the word “saving” or the phrase “saving for college”;

(b)Must include a disclaimer that the State does not guarantee that the amount received at maturity will be adequate to meet the costs of college or other

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1. A particular issue of state securities may be sold as an investment for the purpose of accumulating money for the future generally or to defray prospectively the anticipated costs of college if:
(a) The resolution authorizing its issuance states that purpose and the State Board of Finance approves the sale for that purpose; and
(b) The resolution for issuance provides for the payment of compound interest on the securities.
2. The resolution authorizing the issuance of securities for the purposes described in subsection 1:
(a) May describe the securities by a designation including the word “saving” or the phrase “saving for college”;
(b) Must include a disclaimer that the State does not guarantee that the amount received at maturity will be adequate to meet the costs of college or other intended purpose; and
(c) Must include a disclaimer that the State does not guarantee the price for which a security may be sold before it matures.