MUNICIPAL OBLIGATIONS

Nev. Rev. Stat. 350
in effect

Contents

section350.007. “Medium-term obligation” defined.section350.008. Term of installment-purchase agreement.section350.009. Regulations.section350.011. Definitions.section350.012. Meetings; officers; removal of member; quorum; compensation.section350.013. Municipalities to submit annually statement of current and contemplated general obligation debt and special elective taxes, statement of debt management policy, plan for capital improvement or alternate statement and certain information regarding chief financial officer; update of information; exceptions.section350.014. Approval or notification of commission required for certain proposals.section350.015. Criteria for approval or disapproval of certain proposals; requests for information; use of money received from sale of general obligation debt or from special elective tax.section350.0015. Definitions.section350.016. Evaluation of proposal: Power of commission to employ consultants; costs.section350.020. Use of general obligation only for stated purpose; submission to electors of proposal to issue general obligations; restrictions on special elections; issuance of general obligations secured by pledge of revenues and issuance of special or medium-term obligations without election; issuance of certain general obligation bonds by board of trustees of school district.section350.021. Proposal may be combined on ballot with proposal to levy tax ad valorem for related purpose.section350.022. Notice of election on proposal to issue general obligations: Publication.section350.024. Contents of ballot question, sample ballot and notice of election on proposal to issue general obligations; consolidation of election with general, primary or municipal election; publication of notice of close of registration for special election.section350.027. Sample ballot and notice of election on proposal to issue bonds or other securities to contain estimate of annual cost to operate, maintain and repair improvements to be constructed or acquired with proceeds of bonds or other securities.section350.030. Election on proposal to issue general obligations: Expenses; ballots; validity of proposal; applicability of general election laws.section350.0045. “General obligation debt” defined.section350.0055. “Installment-purchase agreement” defined.section350.0065. “Local government” defined.section350.070. Approval or disapproval by electors of proposal to issue general obligations: Procedure; validity of result.section350.0075. “Special obligation” defined.section350.087. Resolution authorizing medium-term obligation or installment-purchase agreement: Adoption; contents; notice.section350.089. Approval of resolution for medium-term obligation or installment-purchase agreement by Executive Director of Department of Taxation; appeal to Nevada Tax Commission.section350.091. Governing body to update plan for capital improvement under certain circumstances; issuance and terms of evidence of medium-term obligation or installment-purchase agreement; regulations; applicability of prevailing wage requirements to certain lease-purchase or installment-purchase agreements.section350.093. Limitations on transfer of money for medium-term obligation; refund of transfer.section350.095. Levy of special tax; transfer of money remaining in fund.section350.105. Definitions.section350.115. “Bond” defined.section350.0115. Creation; composition; selection and terms of members; interest in securities issued by State or political subdivision prohibited; vacancies.section350.125. “Competitive bid” defined.section350.0125. Technical assistance provided by Department of Taxation or board of county commissioners to carry out duties of commission.section350.135. “Financial adviser” defined.section350.0135. Proposal resulting in increase of rate of property taxes: Determination and notification of affected governmental entities by municipality; approval or objection by affected governmental entity; notification of commission of objection; resolution of conflict by commission; establishment of related methods and procedures by commission; exception.section350.145. “Negotiated sale” defined.section350.0145. Notice and submission of statement of certain proposals to commission; procedure for approval or disapproval.section350.155. Sale by competitive bid: Requirements; exceptions; contents of certificate required for certain bonds; filing and approval of certificate; publication of invitation for competitive bids.section350.0155. Commission to specify percentage of limitation on total ad valorem tax levy and establish priorities among essential and nonessential facilities and services for purposes of NRS 350.015 .section350.0165. Applicability of NRS 350.011 to 350.0165 , inclusive.section350.165. Delegation of authority to sign contract to purchase or accept binding bid for bonds; approval of certain terms by governing body required.section350.175. Negotiated sale: Notice of request for proposals; description of procedure for request for proposals in debt management policy; time limitation on sale of bonds after selection of underwriter.section350.185. Negotiated sale: Procedure for selection of proposal for sale of bonds; certification of procedure.section350.195. Financial adviser: Prohibited acts.section350.0201. First additional 10-year period for issuance of certain general obligation bonds by board of trustees of school district.section350.201. Definitions.section350.202. County ordinance may provide for service of bonded indebtedness for general obligations through single debt service fund; consolidated levy of taxes.section350.0203. Second additional 10-year period for issuance of certain general obligation bonds by board of trustees of school district.section350.204. Merger of sinking and other debt service funds into single fund.section350.0205. Committee on Local Government Finance to provide forms for submitting ballot question and examples of past ballot questions for issuance or incurrence of general obligations.section350.206. Sufficiency of levy of taxes.section350.208. Obligation of bond not impaired.section350.350. Short title.section350.360. Definitions.section350.370. Additional powers of municipality under NRS 350.350 to 350.490 , inclusive.section350.373. Supplemental powers of municipality to prescribe, revise and collect charges; expenses of collection.section350.375. Use of revenues derived from undertaking of municipality.section350.380. Undertaking and issuance of bonds: Procedure.section350.400. Sale of bonds.section350.490. Powers conferred in NRS 350.350 to 350.490 , inclusive, additional and supplemental; controlling provisions.section350.495. Willful violation of covenant in securities by member of governing body, officer or agent of municipality unlawful; penalty.section350.500. Short title.section350.502. Purpose; supplemental nature.section350.504. Definitions.section350.506. “Acquisition” and “acquire” defined.section350.508. “Chair” and “chair of the municipality” defined.section350.510. “Clerk” defined.section350.512. “Commercial bank” defined.section350.514. “Condemnation” and “condemn” defined.section350.516. “Cost of any project” defined.section350.517. “Disposal” and “dispose” defined.section350.518. “Facilities” defined.section350.520. “Federal Government” defined.section350.522. “Federal securities” defined.section350.524. “Governing body” defined.section350.526. “Gross revenues” and “gross pledged revenues” defined.section350.528. “Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto,” “hereunder,” “heretofore” and “hereafter” defined.section350.530. “Holder” defined.section350.532. “Improvement” and “improve” defined.section350.534. “Municipal” defined.section350.536. “Municipal securities” and “securities” defined.section350.538. “Municipality” defined.section350.540. “Net revenues” and “net pledged revenues” defined.section350.542. “Operation and maintenance expenses” defined.section350.546. “Ordinance” defined.section350.550. “Pledged revenues” defined.section350.552. “Project” defined.section350.554. “Public body” defined.section350.556. “State” defined.section350.558. “Taxation” defined.section350.560. “Taxes” defined.section350.562. “Treasurer” defined.section350.564. “Trust bank” defined.section350.566. “United States” defined.section350.568. Powers of municipality in connection with projects.section350.569. Power of eminent domain; reimbursement of public utility for removal and relocation.section350.570. Power of municipality to become obligated and issue securities for project.section350.572. Types of securities which may be issued; series.section350.573. Sale of right to call for purchase of securities.section350.574. Notes and warrants: Maturity; extension or funding.section350.575. Resolution to finance preservation or restoration of historic structure; approval of Executive Director of Department of Taxation; appeal to Nevada Tax Commission.section350.576. Temporary bonds: Conditions, terms and provisions; holder’s rights and remedies.section350.578. Ordinance authorizing issuance of securities: Description of purposes.section350.579. Emergency ordinances: Adoption; effective date.section350.580. General obligations: Types of securities.section350.582. Special obligations: Types of securities.section350.583. Variable rates of interest for securities; agreement with third party for assurance of payment for securities; reimbursement for advances made pursuant to agreement; issuance of securities as commercial paper.section350.584. Municipal securities payable from gross revenues: Covenant requiring appropriations to pay operation and maintenance expenses.section350.586. Securities issued as general obligations constitute outstanding indebtedness.section350.588. Securities issued as special obligations do not constitute outstanding indebtedness.section350.590. Recitals required in municipal securities.section350.592. Annual levy of special tax to pay interest on and retire securities issued as general obligations; proceeds of tax kept in two special funds; consolidated debt service fund.section350.594. Time and duration of levy of special tax.section350.596. Payment from general fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of general fund.section350.598. Application of other available money to payment of interest on and principal of securities issued as general obligations.section350.602. Proceeds of taxes specially appropriated to payment of principal and interest.section350.604. Payment of municipal securities not to be secured by encumbrance, mortgage or pledge of municipality’s property; exception.section350.606. Recourse against officers and agents of municipality: Acceptance of securities constitutes waiver and release.section350.608. Covenants in ordinance authorizing issuance of special obligations impose no liability against municipality or its general credit.section350.610. Faith of State pledged against repeal, amendment or modification of Local Government Securities Law.section350.614. Details of municipal securities provided by ordinance.section350.616. Sale or issuance of municipal securities.section350.628. Recital in securities conclusive evidence of validity and regularity of issuance.section350.630. Denomination, negotiability and maturity of municipal securities; rate of interest.section350.632. Payment of principal, interest and premium when due without further order.section350.634. Interest coupons.section350.636. Execution, signing and authentication of municipal securities and coupons.section350.638. Facsimile signatures and seals.section350.640. Securities not invalid because signatories cease to fill offices.section350.642. Adoption of facsimile signature of predecessor in office.section350.644. Redemption before maturity.section350.646. Repurchase of municipal securities.section350.648. Use of money received from issuance of municipal securities.section350.650. Disposition of unexpended balance of proceeds after completion of project.section350.652. Validity of securities not dependent on proceedings relating to project or completion of purpose; purchasers not responsible for application of proceeds.section350.654. Special funds and accounts: Creation; purposes.section350.656. Employment of legal and other expert services; contracts for sale and other purposes.section350.658. Investment and reinvestment of revenues and proceeds of taxes and securities in federal securities and certain money market mutual funds.section350.659. Investment and reinvestment of revenues and proceeds of taxes and certain securities in investment contract collateralized with federal securities by governing body in county whose population is 20,000 or more.section350.660. Covenants and other provisions in municipal securities.section350.662. Pledged revenues received or credited subject to immediate lien; priority and validity of lien.section350.664. Rights and powers of holders of municipal securities and trustees.section350.666. Receivers: Appointment; powers and duties.section350.668. Rights and remedies cumulative.section350.670. Failure of holder to proceed does not relieve municipality, governing body and officers, agents and employees of municipality of liability for nonperformance of duties.section350.672. Interim debentures: Issuance for general or special obligations.section350.674. Issuance of municipal securities constituting debt to fund or refund special obligations not constituting indebtedness: Conditions; restrictions.section350.676. Interim debentures: Maturity; use of proceeds; issuance.section350.678. Interim debentures: Security for payment.section350.680. Interim debentures: Extension and funding.section350.682. Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds.section350.684. Refunding of general and special obligation bonds: Ordinance; trust indenture.section350.686. Calls for prior redemption: Limitations.section350.688. Exchange of outstanding securities held by State or its agencies for funding or refunding.section350.690. Refunding of outstanding securities evidencing long-term loans.section350.692. Refunding bonds: Sale or exchange for outstanding bonds; exchange for federal securities.section350.694. Conditions for refunding bonds.section350.696. Refunding bonds: Disposition of proceeds, accrued interest and premium; costs; escrow; trusts.section350.698. Proceeds of refunding bonds in escrow or trust: Investment; security; sufficient amount; purchaser not responsible for application of proceeds.section350.700. Refunding bonds payable from taxes or pledged revenues.section350.702. Issuance of bonds separately or in combination.section350.704. Bonds of abolished municipalities may be refunded.section350.706. Other statutory provisions applicable to refunding bonds.section350.708. Conclusive determination of governing body that statutory limitations have been met.section350.710. Bonds and other securities exempt from taxation; exception.section350.712. Securities issued as general obligations are legal investments for state money.section350.714. Legal investments for other persons.section350.718. Sufficiency of Local Government Securities Law.section350.720. Liberal construction.section350.800. Transactions whereby municipality acquires property and another person acquires or retains security interest in that or other property.section350.810. Purchase of municipal obligations by financial adviser of municipality limited.section350.820. Agreements for exchange of interest rates.section350.2011. Maximum rate of interest on securities of political subdivisions.section350.2012. Discounts.section350.2013. Issuance or sale more than 6 years after date of election prohibited; exception.section350.5175. “Equip” and “equipment” defined.section350.5755. Issuance of negotiable notes or bonds to finance restoration of historic structure; maturity; interest.section350.5835. Variable rates of interest: Exemption from limitations; conclusive findings of governing body that procedure for determination of rates is reasonable.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-350.htmlFetched: 10/4/2026