There is a newer version
of
this Statute
2019 Nevada Revised Statutes
Chapter 539 - Irrigation Districts
NRS 539.505 - Bond fund: Investment and transfer of surplus money.
Universal Citation: NV Rev Stat § 539.505 (2019)
1. Surplus money in the bond fund may be placed at interest or invested in approved interest-bearing securities.
2. If, after a full redemption of any bond issue, a surplus then remains in the bond fund, such surplus may, by resolution of the board of directors, be transferred to the general fund.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27] — (NRS A 1981, 492)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
