Nevada § 350.165 - Delegation of authority to sign contract to purchase or accept binding bid for bonds; approval of certain terms by governing body required
Full text of Nevada Nevada Revised Statutes § 350.165 — Delegation of authority to sign contract to purchase or accept binding bid for bonds; approval of certain terms by governing body required, with citation guidance and answers to common questions.
§ 350.165. Delegation of authority to sign contract to purchase or accept binding bid for bonds; approval of certain terms by governing body required
1. The governing body of a municipality may, before any sale of bonds, whether by
competitive bid or negotiated sale, delegate to the chief administrative officer or
chief financial officer of the municipality or, if the bonds consist of any securities
to which subsection 1 of NRS 350.583 applies, a designated agent, the authority to sign a contract for the purchase of
the bonds or to accept a binding bid for the bonds subject to the requirements specified
by the governing body concerning: (a) The rate of interest on the bonds; (b) The dates on which and the prices at which the bonds may be called for redemption
before maturity; (c) The price at which the bonds will be sold; and (d) The principal amount of the bonds and the amount of principal maturing in any
particular year. 2. All terms of the bonds other than: (a) The rate of interest; (b) The dates and prices for the redemption of the bonds; (c) The price for the sale of the bonds; (d) The principal amount of the bonds; and (e) The requirements for the principal maturing in particular years, must be approved by the governing body of the municipality before the bonds are delivered. 3. The final rate of interest, dates and prices of redemption, price for the sale
of the bonds, principal amount and the requirements for the principal amount maturing
in particular years are not required to be approved by the governing body of the municipality
if each of those terms complies with the requirements specified by the governing body
before the contract for the purchase of the bonds is signed or the bid for the bonds
is accepted.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 350.165
What does Nevada Revised Statutes § 350.165 cover?
Section 350.165 ("Delegation of authority to sign contract to purchase or accept binding bid for bonds; approval of certain terms by governing body required") 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 § 350.165?
A common citation format is "Nevada Revised Statutes § 350.165" (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 § 350.165 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.