Nevada § 387.519 - Conditions under which State Treasurer may enter into guarantee agreement
Full text of Nevada Nevada Revised Statutes § 387.519 — Conditions under which State Treasurer may enter into guarantee agreement, with citation guidance and answers to common questions.
§ 387.519. Conditions under which State Treasurer may enter into guarantee agreement
1. The State Treasurer may enter into a guarantee agreement if: (a) The report submitted by the Executive Director indicates that a school district
has the ability to make timely payments on the debt service of the bonds; (b) Except as otherwise provided in subsection 2, the State Board of Finance approves
the report submitted by the Executive Director; and (c) The State Treasurer has determined that the amount of bonds to be guaranteed under
the agreement, in addition to the total amount of outstanding bonds guaranteed pursuant
to NRS 387.513 to 387.528 , inclusive, does not exceed the limitation established by subsection 1 of NRS 387.522 . 2. The requirement that the State Board of Finance approve the report submitted by
the Executive Director set forth in paragraph (b) of subsection 1 does not apply if: (a) The bonds proposed to be guaranteed are being issued solely to refund bonds that
are guaranteed pursuant to NRS 387.513 to 387.528 , inclusive; and (b) The total principal and interest due in any year on the bonds proposed to be guaranteed
does not exceed the total principal and interest due in that year on the bonds being
refunded.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 387.519
What does Nevada Revised Statutes § 387.519 cover?
Section 387.519 ("Conditions under which State Treasurer may enter into guarantee agreement") 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 § 387.519?
A common citation format is "Nevada Revised Statutes § 387.519" (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 § 387.519 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.