Nevada § 350.692 Refunding bonds: Sale or exchange for outstanding bonds; exchange for federal securities

Nevada Statutes

§ 350.692 — Refunding bonds: Sale or exchange for outstanding bonds; exchange for federal securities

Nevada § 350.692

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 350Municipal

LOCAL GOVERNMENT SECURITIES LAW

This text of Nevada § 350.692 (Refunding bonds: Sale or exchange for outstanding bonds; exchange for federal securities) 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. § 350.692 (2026).

Text

1.Any bonds issued for refunding purposes may be delivered in exchange for the outstanding bonds being refunded or may be sold in the manner prescribed in NRS 350.105 to 350.195 , inclusive.

2.The refunding bonds, or any part thereof, except as limited by subsection 2 of NRS 350.698 , may be exchanged by the municipality for federal securities and other securities of the Federal Government which have been made available for escrow investment by any purchaser of refunding bonds, upon terms of exchange mutually agreed upon, and any such securities so received by the municipality must be placed in escrow as provided in NRS 350.696 and 350.698 .

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1. Any bonds issued for refunding purposes may be delivered in exchange for the outstanding bonds being refunded or may be sold in the manner prescribed in NRS 350.105 to 350.195 , inclusive.
2. The refunding bonds, or any part thereof, except as limited by subsection 2 of NRS 350.698 , may be exchanged by the municipality for federal securities and other securities of the Federal Government which have been made available for escrow investment by any purchaser of refunding bonds, upon terms of exchange mutually agreed upon, and any such securities so received by the municipality must be placed in escrow as provided in NRS 350.696 and 350.698 .