When the Director of the Department of Business and Industry has received requests from one or more charter schools, lessees, purchasers or other obligors, the Director of the Department of Business and Industry may issue revenue bonds to obtain money to fulfill the requests. Title to or in a project may at all times remain in the obligor or the obligor’s designee or assignee and, in that case, the bonds must be secured by a pledge of one or more notes, debentures, bonds or other secured or unsecured debt obligations of the obligor.
NRS 388A.695
General power of Director of Department of Business and Industry to issue bonds
Known as the Charter School Financing Law
The act spans §§ 388–388 (172 sections).
(Added to NRS by 2013, 1590; A 2015, 2388)—(Substituted in revision for NRS 386.630)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.