Nevada § 349.322 - Interim debentures: Maturity; uses of proceeds; issuance
Full text of Nevada Nevada Revised Statutes § 349.322 — Interim debentures: Maturity; uses of proceeds; issuance, with citation guidance and answers to common questions.
§ 349.322. Interim debentures: Maturity; uses of proceeds; issuance
1. Any interim debentures may mature at such time or times not exceeding a period
of time equal to the estimated time needed to effect the purpose or purposes for which
they are issued or for which the bonds are authorized to be issued, but not exceeding
5 years from the date of the interim debentures, or in the case of interim debentures
in the form of a line of credit agreement, not exceeding 3 years from the first date
on which a draw is made under the line of credit agreement, as the Commission may
determine. 2. The proceeds of interim debentures shall be used to defray the cost of a project
or for the purposes set forth in NRS 349.318 . 3. Any notes or warrants or both notes and warrants may be funded with the proceeds
of interim debentures, as well as bonds authorized by the Commission authorizing the
issuance of the funded securities. 4. Except as otherwise provided in NRS 349.318 to 349.328 , inclusive, interim debentures shall be issued as provided herein for state securities
in NRS 349.230 to 349.316 , and 349.352 to 349.364 , inclusive.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 349.322
What does Nevada Revised Statutes § 349.322 cover?
Section 349.322 ("Interim debentures: Maturity; uses of proceeds; issuance") 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 § 349.322?
A common citation format is "Nevada Revised Statutes § 349.322" (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 § 349.322 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.