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NRS 350A.130

Loans to municipalities by state purchase of municipal securities authorized

(Added to NRS by 1981, 768; A 1993, 2319)

In order to:

1. Protect and preserve the property and natural resources of the State, and to obtain the benefits thereof; and

2. Assist municipalities in the acquisition, construction and equipping of public improvements,

Ê the State Treasurer may make loans to municipalities by purchasing their municipal securities validly issued for a purpose related to natural resources or their revenue securities validly issued for a purpose related to any undertaking which the municipality is authorized to complete.

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