Nevada § 315.99862 - Notes, bonds and other obligations: Limitations on bond reserve funds
Full text of Nevada Nevada Revised Statutes § 315.99862 — Notes, bonds and other obligations: Limitations on bond reserve funds, with citation guidance and answers to common questions.
§ 315.99862. Notes, bonds and other obligations: Limitations on bond reserve funds
The Authority shall not at any time pursuant to NRS 315.9981 to 315.99874 , inclusive, issue bonds, secured in whole or in part by a bond reserve fund, if upon
the issuance of those bonds, the amount in that bond reserve fund will be less than
the bond reserve fund requirement for that fund, unless the Authority at the time
of issuance of those bonds deposits in that fund from the proceeds of the bonds issued,
or from other sources, an amount which, together with the amount then in that fund,
will not be less than the bond reserve fund requirement for that fund. The bond reserve fund requirement, as of any particular date of computation, is
an amount of money, specified in the proceedings of the Authority authorizing the
bonds with respect to which the fund is established, necessary to provide adequate
reserves for debt service on the bonds.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 315.99862
What does Nevada Revised Statutes § 315.99862 cover?
Section 315.99862 ("Notes, bonds and other obligations: Limitations on bond reserve funds") 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 § 315.99862?
A common citation format is "Nevada Revised Statutes § 315.99862" (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 § 315.99862 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.