Public-domain · open source
OpenJurist

NRS 349.226

Special obligations: Types of securities

Known as the State Securities Law

The act spans §§ 349–349 (273 sections).

(Added to NRS by 1967, 777)

The State may issue as special obligations any of the following types of state securities:

1. Notes;

2. Warrants;

3. Interim debentures;

4. Bonds; and

5. Temporary bonds,

Ê in anticipation of net pledged revenues but not under any circumstances under their terms and the proceedings authorizing their issuance in anticipation of taxes nor in anticipation of gross pledged revenues. Such special obligation state securities may be payable from, secured by a pledge of, and constitute a lien on net pledged revenues.

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