Nevada § 349.919 Issuance of revenue bonds: Director required to submit findings to Board; approval of Board; limitation on amount of bonds

Nevada Statutes

§ 349.919 — Issuance of revenue bonds: Director required to submit findings to Board; approval of Board; limitation on amount of bonds

Nevada § 349.919

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 349State

REVENUE BONDS FOR VENTURE CAPITAL

This text of Nevada § 349.919 (Issuance of revenue bonds: Director required to submit findings to Board; approval of Board; limitation on amount of bonds) 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. § 349.919 (2026).

Text

1.The Director may, if he or she finds it feasible, issue revenue bonds to the extent necessary to provide sufficient money for the Account for Venture Capital and sufficient to pay the interest on the bonds until the proceeds are so used and to pay all other expenses incurred in providing the financing.

2.The Director shall submit to the Board a copy of his or her findings relevant to the issuance of the bonds. If the Board approves, the Director may proceed to issue the bonds in the amount approved, but the aggregate principal amount of outstanding bonds issued, based upon the face value of the initial issue, must not exceed $100,000,000. The Director may issue bonds the interest on which is not exempt from federal income tax or excluded from gross revenue for the purposes of federal i

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1. The Director may, if he or she finds it feasible, issue revenue bonds to the extent necessary to provide sufficient money for the Account for Venture Capital and sufficient to pay the interest on the bonds until the proceeds are so used and to pay all other expenses incurred in providing the financing.
2. The Director shall submit to the Board a copy of his or her findings relevant to the issuance of the bonds. If the Board approves, the Director may proceed to issue the bonds in the amount approved, but the aggregate principal amount of outstanding bonds issued, based upon the face value of the initial issue, must not exceed $100,000,000. The Director may issue bonds the interest on which is not exempt from federal income tax or excluded from gross revenue for the purposes of federal income tax.