Nevada § 271.489 - Agreements for assurance of payments on bonds
Full text of Nevada Nevada Revised Statutes § 271.489 — Agreements for assurance of payments on bonds, with citation guidance and answers to common questions.
§ 271.489. Agreements for assurance of payments on bonds
The governing body may enter into an agreement with a third party for an assurance
of payments of the principal and interest on, and the premiums, if any, due in connection
with any bonds issued pursuant to this chapter. The obligations of the municipality to reimburse that third party for any advances
made pursuant to that agreement may be provided in that agreement, recited in the
bonds or evidenced by another instrument as designated in the ordinance authorizing
the issuance of those securities or any other instrument relating thereto. The governing body may assign its rights under that agreement.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 271.489
What does Nevada Revised Statutes § 271.489 cover?
Section 271.489 ("Agreements for assurance of payments on bonds") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 271.489?
A common citation format is "Nevada Revised Statutes § 271.489" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 271.489 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.