Home/Nevada/Statutes/Title 30: PUBLIC BORROWING AND OBLIGATIONS/Ch. 350: Municipal/: INTEREST RATES; DISCOUNTS; LIMITATION ON ISSUANCE OR SALE/§ 350.2012
Nevada Statutes

§ 350.2012 — Discounts

Nevada § 350.2012
JurisdictionNevada
Title 30PUBLIC BORROWING AND OBLIGATIONS
Ch. 350Municipal
INTEREST RATES; DISCOUNTS; LIMITATION ON ISSUANCE OR SALE

This text of Nevada § 350.2012 (Discounts) 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. § 350.2012 (2026).

Text

Except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, securities issued by a political subdivision of this state may be sold at par, above par or below par at a discount of not more than 9 percent of the principal amount, but the effective interest rate must not exceed the limit provided in NRS 350.2011.

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Related

§ 350.2011
Nevada § 350.2011

Legislative History

(Added to NRS by 1967, 219 ; A 1969, 1291 ; 1971, 2115 ; 1975, 863 ; 1981, 1403 ; 1983, 574 )

Nearby Sections

15
§ 350.0015
Definitions
§ 350.0045
“General obligation debt” defined
§ 350.0055
“Installment-purchase agreement” defined
§ 350.0065
“Local government” defined
§ 350.007
“Medium-term obligation” defined
§ 350.0075
“Special obligation” defined
§ 350.008
Term of installment-purchase agreement
§ 350.009
Regulations
§ 350.011
Definitions
§ 350.0115
Creation; composition; selection and terms of members; interest in securities issued by State or political subdivision prohibited; vacancies
§ 350.012
Meetings; officers; removal of member; quorum; compensation
§ 350.0125
Technical assistance provided by Department of Taxation or board of county commissioners to carry out duties of commission
§ 350.013
Municipalities to submit annually statement of current and contemplated general obligation debt and special elective taxes, statement of debt management policy, plan for capital improvement or alternate statement and certain information regarding chief financial officer; update of information; exceptions
§ 350.0135
Proposal resulting in increase of rate of property taxes: Determination and notification of affected governmental entities by municipality; approval or objection by affected governmental entity; notification of commission of objection; resolution of conflict by commission; establishment of related methods and procedures by commission; exception
§ 350.014
Approval or notification of commission required for certain proposals
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Bluebook (online)
Nevada § 350.2012, Counsel Stack Legal Research, https://law.counselstack.com/statute/nv/350.2012.