Nevada § 350A.010 - Legislative findings

§ 350A.010. Legislative findings

The Legislature finds that: 1. It is in the public interest to foster and promote the protection and preservation

of the property and natural resources of the State of Nevada, and to obtain the benefits

thereof, and that the State should encourage and assist municipalities in undertaking

local projects for such purposes by making loans to municipalities which might not

be otherwise available or which might be available only at prohibitive interest rates; 2. The making of such loans and the issuing of state securities therefor as general

obligations are necessary, expedient and advisable for the protection and preservation

of the property and natural resources of the State of Nevada and for obtaining the

benefits thereof; and 3. Because of market conditions relating to credit and public finance, it is in the

public interest to assist municipalities in the acquisition, construction or equipping

of public improvements by providing money to municipalities at reasonable rates of

interest through the issuance of state securities to finance the acquisition of revenue

securities.