Section 408.55077 - Permissible forms of security for issuance of revenue bonds by Bank The Bank may provide security for any issue of revenue bonds by the Bank through any commonly accepted financial instrument, including, without limitation:
1. A deed of trust on the resources, facilities and revenues of one or more qualified projects financed by the Bank;2. A credit enhancement, including, without limitation, a letter of credit, bond insurance or surety bond provided by a private financial institution; and3. Insurance, reinsurance or a guarantee provided by the Bank itself.Added to NRS by 2017, 4135; A 2021, 3816Amended by 2021, Ch. 553,§20, eff. 7/1/2021.Added to NRS by 2017, 4135, effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069