Nev. Rev. Stat. § 350A.190
Fund for the Municipal Bond Bank: Creation; disposition of revenue; exception
Nevada · Nevada Revised Statutes Chapter 350A — Purchase of Municipal and Revenue Securities by State · Status: effective
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- Nev. Rev. Stat. § 350A.190, Fund for the Municipal Bond Bank: Creation; disposition of revenue; exception, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2104949
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Full text
1. Except as otherwise provided in NRS 445A.255, all revenues from lending projects must be deposited in the Fund for the Municipal Bond Bank in the State Treasury, which is hereby created as a special revenue fund.
2. Any revenue from lending projects which is in the Fund must be applied in the following order of priority:
(a) Deposited into the Consolidated Bond Interest and Redemption Fund created pursuant to NRS 349.090 in amounts necessary to pay the principal of, interest on and redemption premiums due in connection with state securities issued pursuant to this chapter.
(b) Deposited into any reserve account created for the payment of the principal of, interest on and redemption premiums due in connection with state securities issued pursuant to this chapter, in amounts and at times determined to be necessary.
(c) Paid out for expenses of operation and maintenance.
(d) On July 1 of each odd-numbered year, to the extent of any uncommitted balance in the Fund, deposited in the State General Fund.