Nevada § 279.480 - Investments
Full text of Nevada Nevada Revised Statutes § 279.480 — Investments, with citation guidance and answers to common questions.
§ 279.480. Investments
An agency may: 1. Invest any money held in reserves or sinking funds, or any money not required for
immediate disbursement, in: (a) Obligations issued by the United States Postal Service or the Federal National
Mortgage Association, whether or not the payment of principal and interest thereon
is guaranteed by the Federal Government. (b) Bonds or other obligations issued by a redevelopment agency created pursuant to
this chapter or a legislative body that has elected to exercise the powers granted
to an agency pursuant to the provisions of this chapter. (c) Bonds or other securities issued pursuant to the provisions of NRS 349.150 to 349.364 , inclusive, 350.500 to 350.720 , inclusive, or 396.809 to 396.885 , inclusive. (d) Money market mutual funds that: (1) Are registered with the Securities and Exchange Commission; (2) Are rated by a nationally recognized rating service as “AAA” or its equivalent;
and (3) Invest only in securities issued or guaranteed as to payment of principal and
interest by the Federal Government, or its agencies or instrumentalities, or in repurchase
agreements that are fully collateralized by such securities. (e) Any other investment in which a city may invest pursuant to NRS 355.170 . 2. Purchase its bonds at a price not more than their principal amount and accrued
interest. All bonds so purchased must be cancelled.
Frequently Asked Questions About Nevada § 279.480
What does Nevada Revised Statutes § 279.480 cover?
Section 279.480 ("Investments") 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 § 279.480?
A common citation format is "Nevada Revised Statutes § 279.480" (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 § 279.480 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.