Nevada § 396.844 Faith of State pledged against repeal, amendment or modification of University Securities Law

Nevada Statutes

§ 396.844 — Faith of State pledged against repeal, amendment or modification of University Securities Law

Nevada § 396.844

Title 34EDUCATION

Ch. 396Nevada

UNIVERSITY SECURITIES LAW

This text of Nevada § 396.844 (Faith of State pledged against repeal, amendment or modification of University Securities Law) 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. § 396.844 (2026).

Text

1.The faith of the State is hereby pledged that the University Securities Law, any law supplemental or otherwise appertaining thereto, and any other act concerning the bonds and other securities of the Board or the University or the pledged revenues, or both such securities and such revenues, shall not be repealed nor amended or otherwise directly or indirectly modified in such a manner as to impair adversely any outstanding securities of the University or the Board, until all such securities payable from the pledged revenues have been discharged in full or provision has been fully made therefor, including without limitation the known minimum yield from the investment or reinvestment of moneys pledged therefor in federal securities.

2.The State may at any time provide by act that no furt

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1. The faith of the State is hereby pledged that the University Securities Law, any law supplemental or otherwise appertaining thereto, and any other act concerning the bonds and other securities of the Board or the University or the pledged revenues, or both such securities and such revenues, shall not be repealed nor amended or otherwise directly or indirectly modified in such a manner as to impair adversely any outstanding securities of the University or the Board, until all such securities payable from the pledged revenues have been discharged in full or provision has been fully made therefor, including without limitation the known minimum yield from the investment or reinvestment of moneys pledged therefor in federal securities.
2. The State may at any time provide by act that no further obligations appertaining to any pledged revenues or any part thereof shall be incurred thereafter.