Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 350.5755 - Issuance of negotiable notes or bonds to finance restoration of historic structure; maturity; interest1. Whenever the governing body of any municipality is authorized to enter into financing for restoration of a historic structure, as provided in NRS 350.575, the governing body may issue, as evidence thereof, negotiable notes or bonds.2. The negotiable notes or bonds must: (a) Mature not later than 15 years after the date of issuance.(b) Bear interest at a rate or rates which do not exceed by more than 3 percent the Index of Twenty Bonds which was most recently published before the bids are received or a negotiated offer is accepted.Added to NRS by 1985, 2178Added to NRS by 1985, 2178