Nevada § 350A.150 - Limitations and conditions on issuance of certain state securities; applicability of State Securities Law
Full text of Nevada Nevada Revised Statutes § 350A.150 — Limitations and conditions on issuance of certain state securities; applicability of State Securities Law, with citation guidance and answers to common questions.
§ 350A.150. Limitations and conditions on issuance of certain state securities; applicability of State Securities Law
1. The Board may, at the request of the State Treasurer, to pay the cost of any lending
project, borrow money or otherwise become obligated, and may provide evidence of those
obligations by issuing state securities. 2. State securities issued to acquire municipal securities may be outstanding pursuant
to this chapter in an aggregate principal amount of not more than $1.8 billion. 3. State securities issued to: (a) Acquire municipal securities must be payable from taxes and may be additionally
secured by all or any designated revenues from one or more lending projects. (b) Acquire revenue securities must be payable from all or any designated revenues
from one or more lending projects and from allocable local revenues payable to a municipality. Any such state securities may be issued without an election or other preliminaries.
No state securities may be issued to refund any municipal securities issued before
May 29, 1981. 4. No state securities may be issued to acquire revenue securities unless: (a) The State Treasurer presents to the State Board of Finance findings which indicate
that the revenues and taxes pledged to the payment of the revenue securities are sufficient
to repay the state securities; and (b) The State Board of Finance approves the findings. 5. Provisions of the State Securities Law which are not inconsistent with the provisions
of this chapter apply to the issuance of state securities pursuant to this chapter.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 350A.150
What does Nevada Revised Statutes § 350A.150 cover?
Section 350A.150 ("Limitations and conditions on issuance of certain state securities; applicability of State Securities Law") 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 § 350A.150?
A common citation format is "Nevada Revised Statutes § 350A.150" (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 § 350A.150 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.