The moneys provided for by the terms of NRS 349.080 to 349.140, inclusive, to be paid into the Consolidated Bond Interest and Redemption Fund shall, on all occasions, be applied for the purposes of redemption and interest payments on bonds. If any bonds become due for redemption or any interest thereon becomes due when there is an insufficient sum of money in the Consolidated Bond Interest and Redemption Fund, then any such deficiency forthwith shall be appropriated and paid out of the General Fund of the State.
NRS 349.130
Deficiencies in Fund made up from State General Fund
Known as the State Securities Law
The act spans §§ 349–349 (273 sections).
[6:197:1939; 1931 NCL § 7056.05]—(NRS A 1957, 233)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.