Nevada § 355.130 - Loans to local governments
Full text of Nevada Nevada Revised Statutes § 355.130 — Loans to local governments, with citation guidance and answers to common questions.
§ 355.130. Loans to local governments
1. By unanimous vote of its members and with the approval of the State Board of Examiners,
the State Board of Finance may lend any available money in the State Treasury, other
than that in the State Permanent School Fund and the State Insurance Fund, to local
governments situated within the boundaries of the State of Nevada. Such loans must be made only to local governments which have observed the regulations
and followed the procedure for obtaining a medium-term obligation set forth in chapter 350 of NRS . Such loans must be made for a period of not longer than 10 years and must bear interest
at a rate which does not exceed by more than 3 percent the Index of Twenty Bonds which
was most recently published before the bids are received or a negotiated offer is
accepted. 2. In making loans to local governments, the State Board of Finance shall follow the
procedure for making other loans set forth in this chapter.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 355.130
What does Nevada Revised Statutes § 355.130 cover?
Section 355.130 ("Loans to local governments") 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 § 355.130?
A common citation format is "Nevada Revised Statutes § 355.130" (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 § 355.130 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.