Nevada § 354.6118 - Interfund loans or loans to other local governments: Public hearing required
Full text of Nevada Nevada Revised Statutes § 354.6118 — Interfund loans or loans to other local governments: Public hearing required, with citation guidance and answers to common questions.
§ 354.6118. Interfund loans or loans to other local governments: Public hearing required
Before making an interfund loan or loaning money to another local government, the
governing body of the local government that wishes to make the loan must: 1. Determine at a public hearing that: (a) A sufficient amount of money is available for the loan and that money is not restricted
as to its use; and (b) The loan of the money will not compromise the economic viability of the fund from
which the money is loaned; and 2. Establish at the public hearing conducted pursuant to subsection 1: (a) The amount of time the money will be on loan from the fund; (b) The terms and conditions for repaying the loan; and (c) The rate of interest, if any, to be charged for the loan.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 354.6118
What does Nevada Revised Statutes § 354.6118 cover?
Section 354.6118 ("Interfund loans or loans to other local governments: Public hearing 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 § 354.6118?
A common citation format is "Nevada Revised Statutes § 354.6118" (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 § 354.6118 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.