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NRS 396.829

“Pledged revenues”: Exclusions from definition

Known as the University Securities Law

The act spans §§ 396–396 (367 sections).

(Added to NRS by 1967, 6; A 1971, 2121; 1979, 359; 2003, 1618)

The term “pledged revenues” does not include any of the following:

1. The proceeds of any tuition charges and registration fees;

2. The principal of any endowments, restricted or unrestricted;

3. The proceeds of any levy of any general (ad valorem) property taxes; and

4. The proceeds of any grants, appropriations or other donations from the Federal Government, this state or any other donor except as otherwise provided in NRS 396.828 and any other statute which may authorize the pledge of particular revenues.

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