Nevada § 387.524 - Guarantee agreement: Required contents; approvals required
Full text of Nevada Nevada Revised Statutes § 387.524 — Guarantee agreement: Required contents; approvals required, with citation guidance and answers to common questions.
§ 387.524. Guarantee agreement: Required contents; approvals required
1. A guarantee agreement entered into pursuant to NRS 387.519 must: (a) Require the board of trustees of the school district to appoint the State Treasurer,
or a commercial bank designated by the State Treasurer, as paying agent for the debt
service on the bonds; (b) Specify the number of days before a payment on the debt service of the bonds is
due that the paying agent must receive the payment from the school district; (c) Require the board of trustees of the school district to deposit the amount of
money due for each payment with the paying agent within the period specified by paragraph
(b); (d) Require that if the school district is unable to make a payment, the board of
trustees of the school district or the superintendent of schools of the district shall
provide written notice to the State Treasurer at least 60 days before the payment
is due; (e) If a loan is made to a school district pursuant to NRS 387.526 , require the board of trustees of the school district to repay the loan as provided
by NRS 387.528 ; (f) Be signed by the State Treasurer and the president of the board of trustees of
the school district; and (g) Be approved by a resolution of the State Board of Finance and the board of trustees
of the school district. 2. A guarantee agreement may include such other provisions as the State Treasurer
determines necessary.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 387.524
What does Nevada Revised Statutes § 387.524 cover?
Section 387.524 ("Guarantee agreement: Required contents; approvals 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 § 387.524?
A common citation format is "Nevada Revised Statutes § 387.524" (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 § 387.524 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.