Nevada § 349.952 - Account for the Financing of Water Projects: Deposits; application of revenue; investment of money from revenue bonds
Full text of Nevada Nevada Revised Statutes § 349.952 — Account for the Financing of Water Projects: Deposits; application of revenue; investment of money from revenue bonds, with citation guidance and answers to common questions.
§ 349.952. Account for the Financing of Water Projects: Deposits; application of revenue; investment of money from revenue bonds
1. Except as otherwise provided in subsection 3 and NRS 349.951 , all amounts received by the Director from an obligor in connection with any financing
undertaken pursuant to NRS 349.935 to 349.961 , inclusive, must be deposited with the State Treasurer for credit to the Account
for the Financing of Water Projects which is hereby created in the Fund for Natural
Resources, which is hereby created as a special revenue fund. 2. Any revenue from water projects financed with state securities which is in the
Account must be applied in the following order of priority: (a) Deposited into the Consolidated Bond Interest and Redemption Fund in amounts necessary
to pay the principal of, interest on and redemption premiums due in connection with
state securities issued for water projects. (b) Deposited into any reserve account created for the payment of the principal of,
interest on and redemption premiums due in connection with state securities issued
for water projects, in amounts and at times determined to be necessary. (c) Paid out for expenses of operation and maintenance. 3. Any revenue from water projects financed with revenue bonds may: (a) Be deposited in the Account for the Financing of Water Projects and subject to
the provisions of subsection 2; or (b) Subject to any agreement with the holders of the bonds, be invested, deposited
or held by the Director in such funds or accounts as the Director deems necessary
or desirable. If the Director is acting pursuant to this subsection, he or she need not deposit
the money in the State Treasury and the provisions of chapters 355 and 356 of NRS
do not apply to any investments or deposits made pursuant to this subsection.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 349.952
What does Nevada Revised Statutes § 349.952 cover?
Section 349.952 ("Account for the Financing of Water Projects: Deposits; application of revenue; investment of money from revenue bonds") 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 § 349.952?
A common citation format is "Nevada Revised Statutes § 349.952" (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 § 349.952 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.