Statutes, codes, and regulations
Nevada Revised Statutes
Title 30 - PUBLIC BORROWING AND OBLIGATIONSChapter 349 - STATE OBLIGATIONS
STATE SECURITIES LAW
Section 349.228 - Securities issued as general obligations payable from gross revenues: Covenant requiring appropriations to pay expenses of operation and maintenance

Nev. Rev. Stat. § 349.228

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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 349.228 - Securities issued as general obligations payable from gross revenues: Covenant requiring appropriations to pay expenses of operation and maintenance

Any resolution authorizing the issuance of general obligation state securities payable from gross revenues or any indenture or other proceedings appertaining thereto may contain a covenant of the State that to the extent required, as provided therein, the State will pay operation and maintenance expenses by appropriation from its General Fund and that to the extent the moneys accounted for therein are insufficient for that purpose the State shall levy taxes therefor.

NRS 349.228

Added to NRS by 1967, 777
Added to NRS by 1967, 777