Statutes, codes, and regulations
Nevada Revised Statutes
Title 22 - COOPERATIVE AGREEMENTS BY PUBLIC AGENCIES; REGIONAL TRANSPORTATION COMMISSIONS; PLANNING AND ZONING; DEVELOPMENT AND REDEVELOPMENTChapter 277 - COOPERATIVE AGREEMENTS: STATE, COUNTIES, CITIES, DISTRICTS AND OTHER PUBLIC AGENCIES
COOPERATIVE AGREEMENTS BETWEEN LOCAL GOVERNMENTS FOR FINANCING GOVERNMENTAL FACILITIES
Section 277.075 - Prerequisites to borrowing from issuer or becoming obligated for facility

Nev. Rev. Stat. § 277.075

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Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 277.075 - Prerequisites to borrowing from issuer or becoming obligated for facility

A borrowing local government may not borrow money from an issuer or become obligated on a lease or agreement for an installment purchase for a facility financed by revenue securities unless the borrowing local government:

1. Has the authority to borrow money or enter into a lease or agreement for an installment purchase for the facility being financed with the revenue securities; and
2. Has followed the procedure required by law to borrow money or enter into a lease or an agreement for an installment purchase.

NRS 277.075

Added to NRS by 1987, 1621
Added to NRS by 1987, 1621