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NRS 279.650

Issuance of bonds: Limitations on further indebtedness and transactions

Known as the Community Redevelopment Law

The act spans §§ 279.382 to 279.730 (157 sections).

(Added to NRS by 1959, 669)

An agency may covenant:

1. Against pledging all or any part of its rents, fees and revenues.

2. Against encumbering all or any part of its real or personal property, to which its right or title then exists or may thereafter come into existence.

3. Against permitting any lien on such revenues or property.

4. With respect to limitations on its right to sell, lease or otherwise dispose of all or part of any redevelopment project.

5. As to what other, or additional debts or obligations it may incur.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.