Nevada § 350.5755 Issuance of negotiable notes or bonds to finance restoration of historic structure; maturity; interest

Nevada Statutes

§ 350.5755 — Issuance of negotiable notes or bonds to finance restoration of historic structure; maturity; interest

Nevada § 350.5755

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 350Municipal

LOCAL GOVERNMENT SECURITIES LAW

This text of Nevada § 350.5755 (Issuance of negotiable notes or bonds to finance restoration of historic structure; maturity; interest) 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. § 350.5755 (2026).

Text

1. Whenever the governing body of any municipality is authorized to enter into financing for restoration of a historic structure, as provided in NRS 350.575 , the governing body may issue, as evidence thereof, negotiable notes or bonds. 2. The negotiable notes or bonds must:

(a)Mature not later than 15 years after the date of issuance.

(b)Bear interest at a rate or rates which do not exceed by more than 3 percent the Index of Twenty Bonds which was most recently published before the bids are received or a negotiated offer is accepted.

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1. Whenever the governing body of any municipality is authorized to enter into financing for restoration of a historic structure, as provided in NRS 350.575 , the governing body may issue, as evidence thereof, negotiable notes or bonds.
2. The negotiable notes or bonds must:
(a) Mature not later than 15 years after the date of issuance.
(b) Bear interest at a rate or rates which do not exceed by more than 3 percent the Index of Twenty Bonds which was most recently published before the bids are received or a negotiated offer is accepted.