Nevada § 388A.630 - Faith of State pledged against repeal, amendment or modification of NRS 388A.550 to 388A.695, inclusive

§ 388A.630. Faith of State pledged against repeal, amendment or modification of NRS 388A.550 to 388A.695, inclusive

1. Except as otherwise provided in subsection 2, the faith of the State is hereby

pledged that NRS 388A.550 to 388A.695 , inclusive, will not be repealed, amended or modified to impair any outstanding bonds

or any revenues pledged to their payment, or to impair, limit or alter the rights

or powers vested in a charter school to acquire, finance, improve and equip a project

in any way that would jeopardize the interest of any lessee, purchaser or other obligor,

or to limit or alter the rights or powers vested in the Director of the Department

of Business and Industry to perform any agreement made with any lessee, purchaser

or other obligor, until all bonds have been discharged in full or provisions for their

payment and redemption have been fully made. 2. The provisions of subsection 1 must not be construed so as to bind the State, the

Legislature or any agency of the foregoing to continue to apportion funds to charter

schools or to maintain such apportionments at any existing levels.