Nevada § 350.2011 Maximum rate of interest on securities of political subdivisions

Nevada Statutes

§ 350.2011 — Maximum rate of interest on securities of political subdivisions

Nevada § 350.2011

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 350Municipal

INTEREST RATES; DISCOUNTS; LIMITATION ON ISSUANCE OR SALE

This text of Nevada § 350.2011 (Maximum rate of interest on securities of political subdivisions) 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. § 350.2011 (2026).

Text

1. Except as otherwise provided in this section and NRS 99.067 , and except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, the rate or rates of interest on securities issued by a political subdivision of this state must not exceed by more than 3 percent:

(a)For general obligations, the Index of Twenty Bonds; and

(b)For special obligations, the Index of Revenue Bonds, Ê which was most recently published before the bids are received or a negotiated offer is accepted. 2. The rate or rates of interest on securities issued in whole or in part to finance the costs of a program established pursuant to NRS 244.3651 must not exceed by more than 2 percent the rate or rates of interest set forth in subsection 1.

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1. Except as otherwise provided in this section and NRS 99.067 , and except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, the rate or rates of interest on securities issued by a political subdivision of this state must not exceed by more than 3 percent:
(a) For general obligations, the Index of Twenty Bonds; and
(b) For special obligations, the Index of Revenue Bonds,
Ê which was most recently published before the bids are received or a negotiated offer is accepted.
2. The rate or rates of interest on securities issued in whole or in part to finance the costs of a program established pursuant to NRS 244.3651 must not exceed by more than 2 percent the rate or rates of interest set forth in subsection 1.