Nevada § 350.5835 - Variable rates of interest: Exemption from limitations; conclusive findings of governing body that procedure for determination of rates is reasonable
Full text of Nevada Nevada Revised Statutes § 350.5835 — Variable rates of interest: Exemption from limitations; conclusive findings of governing body that procedure for determination of rates is reasonable, with citation guidance and answers to common questions.
§ 350.5835. Variable rates of interest: Exemption from limitations; conclusive findings of governing body that procedure for determination of rates is reasonable
In fixing the rate or rates of interest for municipal securities pursuant to subsection
1 of NRS 350.583 or the rate or rates of interest imposed on the governing body for reimbursement
of any advances made under an agreement pursuant to subsection 2 of NRS 350.583 , the governing body is not subject to any limitations on rates of interest provided
by statute, including NRS 350.2011 , or provided in the question at an election authorizing the issuance of those securities.
The ordinance or resolution fixing that rate or rates of interest must contain the
findings of the governing body that the procedure specified therein for determining
that rate or rates is reasonable under existing or anticipated conditions in the market
and is necessary and advisable for marketing the securities. These findings are conclusive. This section does not prohibit the governing body from fixing a maximum rate of interest
in that ordinance or resolution.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 350.5835
What does Nevada Revised Statutes § 350.5835 cover?
Section 350.5835 ("Variable rates of interest: Exemption from limitations; conclusive findings of governing body that procedure for determination of rates is reasonable") 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 § 350.5835?
A common citation format is "Nevada Revised Statutes § 350.5835" (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 § 350.5835 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.