Nevada § 350.175 Negotiated sale: Notice of request for proposals; description of procedure for request for proposals in debt management policy; time limitation on sale of bonds after selection of underwriter

Nevada Statutes

§ 350.175 — Negotiated sale: Notice of request for proposals; description of procedure for request for proposals in debt management policy; time limitation on sale of bonds after selection of underwriter

Nevada § 350.175

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 350Municipal

SALE OF BONDS BY COMPETITIVE BID OR NEGOTIATED SALE

This text of Nevada § 350.175 (Negotiated sale: Notice of request for proposals; description of procedure for request for proposals in debt management policy; time limitation on sale of bonds after selection of underwriter) 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. § 350.175 (2026).

Text

1. If a municipality wishes to sell its bonds by a negotiated sale, it shall provide notice of the request for proposals in a manner that ensures that a reasonable number of underwriters for the size of the bond issue are notified of the request. The governing body of the municipality shall approve the notice. 2. The procedure for a request for proposals established by a municipality, including any requirement relating to:

(a)The rotation of the managing underwriters; and

(b)The municipality’s policy of equal opportunity concerning the selection of underwriters, Ê must be described in the written statement of the debt management policy of the municipality. 3. A municipality may negotiate the sale of the bonds described in the request for proposals with the underwriter it selects for not

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1. If a municipality wishes to sell its bonds by a negotiated sale, it shall provide notice of the request for proposals in a manner that ensures that a reasonable number of underwriters for the size of the bond issue are notified of the request. The governing body of the municipality shall approve the notice.
2. The procedure for a request for proposals established by a municipality, including any requirement relating to:
(a) The rotation of the managing underwriters; and
(b) The municipality’s policy of equal opportunity concerning the selection of underwriters,
Ê must be described in the written statement of the debt management policy of the municipality.
3. A municipality may negotiate the sale of the bonds described in the request for proposals with the underwriter it selects for not more than 6 years after the date of the selection of that underwriter. If bonds are not described in the request for proposals or if a negotiated sale occurs more than 6 years after the selection of an underwriter, the municipality shall request proposals from underwriters pursuant to subsection 1 before it selects an underwriter for that negotiated sale.
4. As used in this section, “request for proposals” means a statement which requests that prospective underwriters submit proposals to the municipality to provide underwriting services for the negotiated sale.