Refunding bonds may be made payable from any pledged revenues which might be legally pledged for the payment of the bonds being refunded at the time of the refunding or at the time of the issuance of the bonds being refunded, as the Board may determine, notwithstanding the revenue sources or the pledge of such revenues for the payment of the outstanding bonds being refunded is hereby modified.
NRS 396.877
Refunding bonds payable from pledged revenues
Known as the University Securities Law
The act spans §§ 396–396 (367 sections).
(Added to NRS by 1967, 21)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.