Nevada § 277.069 - Cooperative agreements concerning insurance: Powers and obligations of parties
Full text of Nevada Nevada Revised Statutes § 277.069 — Cooperative agreements concerning insurance: Powers and obligations of parties, with citation guidance and answers to common questions.
§ 277.069. Cooperative agreements concerning insurance: Powers and obligations of parties
1. Except as otherwise provided in subsections 2 and 3, any party to an agreement
entered into pursuant to NRS 277.067 , or any entity established by such an agreement, may: (a) Obligate itself to contribute money for the purchase of insurance, the establishment
of a reserve or fund for coverage, the payment of any debt, or for any other purpose
related to the undertaking; (b) Borrow money for any such purpose; (c) Issue notes and bonds evidencing the borrowing; and (d) Secure payment of the notes and bonds by a pledge of revenues. 2. Except as otherwise provided in subsection 3, any obligation to contribute money
which is undertaken pursuant to a cooperative agreement: (a) Is binding notwithstanding that it is intended to remain in force beyond the current
budget year or the terms of office of the present members of the governing body of
the obligor. (b) If undertaken to pay any debt, does not remain in force more than 30 years after
the date of the borrowing. (c) If undertaken to pay claims and administrative expenses, does not remain in force
more than 10 years, except with respect to claims arising from occurrences during
the period it is in force. 3. Except for a pledge of revenues or obligation to contribute money which pledges
revenues or commits money derived from a source other than taxation, any pledge or
obligation which is made or undertaken pursuant to a cooperative agreement by an agency
of the State or the Nevada System of Higher Education does not remain in force after
the end of the biennium in which it is made or undertaken.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 277.069
What does Nevada Revised Statutes § 277.069 cover?
Section 277.069 ("Cooperative agreements concerning insurance: Powers and obligations of parties") 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 § 277.069?
A common citation format is "Nevada Revised Statutes § 277.069" (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 § 277.069 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.