Nevada § 333A.0908 - Refunding of obligations: Disposition of proceeds; incidental costs; accrued interest and premium
Full text of Nevada Nevada Revised Statutes § 333A.0908 — Refunding of obligations: Disposition of proceeds; incidental costs; accrued interest and premium, with citation guidance and answers to common questions.
§ 333A.0908. Refunding of obligations: Disposition of proceeds; incidental costs; accrued interest and premium
1. Except as otherwise provided in NRS 333A.0906 to 333A.0916 , inclusive, the proceeds of refunding obligations issued pursuant to NRS 333A.0906 must be immediately applied to the retirement of the obligations to be refunded or
be placed in escrow or trust in any trust bank or trust banks within or without or
both within and without this State to be applied to the payment of the refunded obligations
or the refunding obligations, or both, upon their presentation for payment to the
extent, in such priority and otherwise in the manner which the using agency may determine. 2. The incidental costs of refunding obligations may be paid by the purchaser of the
refunding obligations or be defrayed from any revenues in the State General Fund,
subject to appropriations for such revenues as otherwise provided by law, or other
available revenues of the State under the control of the Board or from the proceeds
of the refunding obligations, or from the interest or other yield derived from the
investment of the proceeds of any refunding obligations or other money in escrow or
trust, or from any other sources legally available therefor, or any combination thereof,
as the using agency may determine. 3. Any accrued interest and any premium appertaining to a sale of refunding obligations
may be applied to the payment of the interest on or principal of those refunding obligations,
or both, or may be deposited in a reserve therefor, or may be used to refund obligations
by deposit in escrow, trust or otherwise, or may be used to defray any incidental
costs appertaining to the refunding, or any combination thereof, as the using agency
may determine, but in no event by the incurrence of additional debt in excess of the
limitation on state debt set forth in Section 3 of Article 9 of the Nevada Constitution .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 333A.0908
What does Nevada Revised Statutes § 333A.0908 cover?
Section 333A.0908 ("Refunding of obligations: Disposition of proceeds; incidental costs; accrued interest and premium") 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 § 333A.0908?
A common citation format is "Nevada Revised Statutes § 333A.0908" (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 § 333A.0908 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.