2017 Nevada Revised Statutes
Chapter 350 - Municipal Obligations
NRS 350.684 - Refunding of general and special obligation bonds: Ordinance; trust indenture.
1. For the acceleration, deceleration or other modification of the payment of such obligations, including any interest thereon in arrears, or about to become due for any period not exceeding 3 years from the date of the refunding bonds, unless the capitalization of interest on bonds constituting an indebtedness increases the municipal debt in excess of the municipality’s debt limitation, if any;
2. For the purpose of reducing interest costs or effecting other economies;
3. For the purpose of modifying or eliminating restrictive contractual limitations appertaining to the issuance of additional bonds, otherwise concerning the outstanding bonds, or otherwise relating to any facilities appertaining thereto; or
4. For any combination of the purposes stated in subsections 1, 2 and 3.
(Added to NRS by 1967, 442; A 1969, 1594)