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2017 Nevada Revised Statutes
Chapter 349 - State Obligations
NRS 349.570 - General power of Director to issue bonds.
Universal Citation: NV Rev Stat § 349.570 (2017)
When the Director has received requests from one or more cities, counties, lessees, purchasers, other obligors or other enterprises, the Director may issue industrial development revenue bonds to obtain money to fulfill the requests. Title to or in a project may at all times remain in the obligor or the obligor’s designee or assignee and, in that case, the bonds must be secured by a pledge of one or more notes, debentures, bonds or other secured or unsecured debt obligations of the obligor.
(Added to NRS by 1981, 1627)
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