Nevada § 349.620 - Security
Full text of Nevada Nevada Revised Statutes § 349.620 — Security, with citation guidance and answers to common questions.
§ 349.620. Security
1. The principal of, the interest on and any prior redemption premiums due in connection
with the bonds issued pursuant to NRS 349.400 to 349.670 , inclusive, are payable from, secured by a pledge of, and constitute a lien on the
revenues out of which the bonds have been made payable. In addition, they may, in the discretion of the Director, be secured by: (a) A mortgage or mortgages covering all or part of any project financed with the
proceeds of the bonds, or upon any other property of the lessees, purchasers or obligors
of those projects, or by a pledge of the lease, the agreement of sale or the financing
agreement with respect to one or more of the projects, or both. (b) A pledge of one or more notes, debentures, bonds or other secured or unsecured
debt obligations of the obligor of one or more of the projects. (c) The proceeds of the bonds and income from investment of the proceeds and of revenues. 2. The State, a city or a county may pledge only the property of the project or the
revenues therefrom.
Frequently Asked Questions About Nevada § 349.620
What does Nevada Revised Statutes § 349.620 cover?
Section 349.620 ("Security") 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 § 349.620?
A common citation format is "Nevada Revised Statutes § 349.620" (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 § 349.620 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.