Nevada § 349.590 - Prerequisites to financing project: Additional considerations
Full text of Nevada Nevada Revised Statutes § 349.590 — Prerequisites to financing project: Additional considerations, with citation guidance and answers to common questions.
§ 349.590. Prerequisites to financing project: Additional considerations
Except as otherwise provided in NRS 349.640 , before financing a project pursuant to subsection 2 of NRS 349.580 , the Director and the Board must also: 1. Determine the total amount of money necessary to be provided by the Director for
financing the project. 2. Except as otherwise provided in this subsection, receive a 5-year operating history
from the contemplated lessee, purchaser or other obligor or from any other enterprise
that will make or guarantee the payment of the principal, premium, if any, and interest
on any bonds issued. An operating history is not required if the bonds: (a) Are to be sold only to qualified institutional buyers, as defined in Rule 144A
of the Securities and Exchange Commission, 17 C.F.R. § 230.144A , in minimum denominations of at least $100,000; or (b) Will receive a rating within one of the top four rating categories of Moody's
Investors Service, Inc., Standard and Poor's Rating Services or Fitch IBCA, Inc. 3. Consider whether the contemplated lessee, purchaser, other obligor or other enterprise
that will make or guarantee the payment of the principal, premium, if any, and interest
on any bonds issued has received within the 12 months preceding the date of the findings
of the Director, or then has or has not in effect, a rating within one of the top
four rating categories of Moody's Investors Service, Inc., Standard and Poor's Ratings
Services or Fitch IBCA, Inc. 4. Identify any existing facilities of a like nature within the county or city in
which the project will be located and consider the applicability of paragraph (b)
of subsection 1 of NRS 349.565 . 5. Consider the extent to which the project is affected by any federal, state or local
governmental action, activity, program or development. 6. Consider whether the lessee, purchaser, other obligor or other enterprise of the
project has maintained facilities appropriate to the community in this state for 10
years or longer.
Frequently Asked Questions About Nevada § 349.590
What does Nevada Revised Statutes § 349.590 cover?
Section 349.590 ("Prerequisites to financing project: Additional considerations") 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 § 349.590?
A common citation format is "Nevada Revised Statutes § 349.590" (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 § 349.590 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.