Nevada § 349.338 Refunding bonds: Exchange for outstanding bonds or federal securities; public or private sale

Nevada Statutes

§ 349.338 — Refunding bonds: Exchange for outstanding bonds or federal securities; public or private sale

Nevada § 349.338

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 349State

STATE SECURITIES LAW

This text of Nevada § 349.338 (Refunding bonds: Exchange for outstanding bonds or federal securities; public or private sale) 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. § 349.338 (2026).

Text

1.Any bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds being refunded or may be publicly or privately sold.

2.The refunding bonds, or any part thereof, except as limited by subsection 2 of NRS 349.344 , may be exchanged by the State for federal securities and other securities of the Federal Government which have been made available for escrow investment by any purchaser of refunding bonds, upon terms of exchange mutually agreed upon, and any such securities so received by the State shall be placed in escrow as provided in NRS 349.342 and 349.344 .

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1. Any bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds being refunded or may be publicly or privately sold.
2. The refunding bonds, or any part thereof, except as limited by subsection 2 of NRS 349.344 , may be exchanged by the State for federal securities and other securities of the Federal Government which have been made available for escrow investment by any purchaser of refunding bonds, upon terms of exchange mutually agreed upon, and any such securities so received by the State shall be placed in escrow as provided in NRS 349.342 and 349.344 .