Nevada § 319.350 - Bond reserve funds: Limitations
Full text of Nevada Nevada Revised Statutes § 319.350 — Bond reserve funds: Limitations, with citation guidance and answers to common questions.
§ 319.350. Bond reserve funds: Limitations
The Division shall not at any time 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
Division 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 Division authorizing the bonds
with respect to which the fund is established, necessary to provide adequate reserves
for debt service on the bonds.
Frequently Asked Questions About Nevada § 319.350
What does Nevada Revised Statutes § 319.350 cover?
Section 319.350 ("Bond reserve funds: Limitations") 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 § 319.350?
A common citation format is "Nevada Revised Statutes § 319.350" (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 § 319.350 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.