Nevada § 539.6361 Reserve fund from bond proceeds: Creation, accumulation and maintenance; augmentations

Nevada Statutes

§ 539.6361 — Reserve fund from bond proceeds: Creation, accumulation and maintenance; augmentations

Nevada § 539.6361

Title 48WATER

Ch. 539Irrigation

Levy and Collection of Ad Valorem Taxes as Additional Security for Payment of Certain Bonds

This text of Nevada § 539.6361 (Reserve fund from bond proceeds: Creation, accumulation and maintenance; augmentations) 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. § 539.6361 (2026).

Text

Any resolution authorizing the issuance of bonds under the provisions of this chapter or as may be otherwise provided by law shall provide for the creation, accumulation and maintenance of a reasonable reserve fund from bond proceeds to secure additionally the payment of the interest on and the principal of the bonds. Such reserve fund may be augmented by annual assessments or other revenues, as the board of directors may determine.

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Any resolution authorizing the issuance of bonds under the provisions of this chapter or as may be otherwise provided by law shall provide for the creation, accumulation and maintenance of a reasonable reserve fund from bond proceeds to secure additionally the payment of the interest on and the principal of the bonds. Such reserve fund may be augmented by annual assessments or other revenues, as the board of directors may determine.