2013 Nevada Revised Statutes
Chapter 349 - State Obligations
NRS 349.928 - Sufficiency of

NRS 349.900 to 349.929, inclusive; construction.

1. NRS 349.900 to 349.929, inclusive, without reference to other statutes of the State, constitute full authority for the exercise of powers granted in those sections, including but not limited to the authorization and issuance of bonds.

2. No other act or law with regard to the authorization or issuance of bonds that provides for an election, requires an approval, or in any way impedes or restricts the carrying out of the acts authorized in NRS 349.900 to 349.929, inclusive, to be done, apply to any proceedings taken under those sections, or acts done pursuant to those sections, except for laws to which reference is expressly made in those sections or by necessary implication of those sections.

3. The provisions of no other law, either general or local, except as otherwise provided in NRS 349.900 to 349.929, inclusive, apply to the doing of the things authorized in those sections to be done, and no board, agency, bureau, commission or officer not designated in those sections has any authority or jurisdiction over the doing of any of the acts authorized in those sections to be done, except as otherwise provided in those sections.

4. Any bank or trust company located within or without this state may be appointed and act as a trustee or custodian with respect to bonds issued pursuant to NRS 349.900 to 349.929, inclusive, without the necessity of associating with any other person or entity as cofiduciary, but such an association is not prohibited.

5. The powers conferred by NRS 349.900 to 349.929, inclusive, are in addition and supplemental to, and not in substitution for, and the limitations imposed by those sections do not affect the powers conferred by any other law.

6. No part of NRS 349.900 to 349.929, inclusive, repeals or affects any other law or part thereof, except to the extent that those sections are inconsistent with any other law, it being intended that those sections provide a separate method of accomplishing its objectives, and not an exclusive one.

7. The Director or a person designated by the Director may take any actions and execute and deliver any instrument, contract, certificate and other document, including the bonds, necessary or appropriate for the sale and issuance of the bonds or accomplishing the purposes of NRS 349.900 to 349.929, inclusive, without the assistance or intervention of any other officer.

(Added to NRS by 1987, 1410)