Nevada § 396.868 Interim debentures: Maturity; use of proceeds; issuance

Nevada Statutes

§ 396.868 — Interim debentures: Maturity; use of proceeds; issuance

Nevada § 396.868

Title 34EDUCATION

Ch. 396Nevada

UNIVERSITY SECURITIES LAW

This text of Nevada § 396.868 (Interim debentures: Maturity; use of proceeds; issuance) 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. § 396.868 (2026).

Text

1.Any interim debentures may mature at such time or times not exceeding a period of time equal to the estimated time needed to effect the purpose or purposes for which they are issued or for which the bonds are authorized to be issued, but not exceeding 5 years from the date of the interim debentures, as the Board may determine.

2.The proceeds of interim debentures shall be used to defray the cost of the project appertaining thereto.

3.Any notes or warrants or both notes and warrants may be funded with the proceeds of interim debentures, as well as with the proceeds of bonds.

4.Except as otherwise provided in NRS 396.868 to 396.871 , inclusive, interim debentures shall be issued as provided herein for Board or University securities in NRS 396.839 to 396.867 , inclusive, and 396.880 to

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1. Any interim debentures may mature at such time or times not exceeding a period of time equal to the estimated time needed to effect the purpose or purposes for which they are issued or for which the bonds are authorized to be issued, but not exceeding 5 years from the date of the interim debentures, as the Board may determine.
2. The proceeds of interim debentures shall be used to defray the cost of the project appertaining thereto.
3. Any notes or warrants or both notes and warrants may be funded with the proceeds of interim debentures, as well as with the proceeds of bonds.
4. Except as otherwise provided in NRS 396.868 to 396.871 , inclusive, interim debentures shall be issued as provided herein for Board or University securities in NRS 396.839 to 396.867 , inclusive, and 396.880 to 396.885 , inclusive.