Nevada § 396.869 - Interim debentures: Security for payment
Full text of Nevada Nevada Revised Statutes § 396.869 — Interim debentures: Security for payment, with citation guidance and answers to common questions.
§ 396.869. Interim debentures: Security for payment
1. Pledged revenues and other money, including without limitation proceeds of bonds
to be issued or reissued after the issuance of interim debentures, and bonds issued
to secure the payment of interim debentures, or any combination thereof, may be pledged
to secure the payment of interim debentures. 2. Any bonds pledged as collateral security for the payment of any interim debentures
mature at such time or times as the Board may determine, but in no event exceeding
50 years from the dates of such bonds and such interim debentures, or if the dates
are not the same, from whichever date is the earlier. 3. Any bonds pledged as collateral security must not be issued in an aggregate principal
amount exceeding the aggregate principal amount of the interim debenture or interim
debentures secured by a pledge of the bonds, nor shall they bear interest at any time
which, with any interest accruing at the same time on the interim debenture or interim
debentures so secured, exceeds by more than 3 percent the Index of Revenue Bonds which
was most recently published before the bids are received or a negotiated offer is
accepted.
Frequently Asked Questions About Nevada § 396.869
What does Nevada Revised Statutes § 396.869 cover?
Section 396.869 ("Interim debentures: Security for payment") 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 § 396.869?
A common citation format is "Nevada Revised Statutes § 396.869" (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 § 396.869 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.