NRS 396.846 - Types of securities which may be issued; series.

NV Rev Stat § 396.846 (2019) (N/A)

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The University or the Board may issue in one series or more, without their being authorized at any election, in anticipation of net pledged revenues, and constituting special obligations of the University or the Board, any one or more or all of the following types of securities:

1. Notes, evidencing any amount borrowed by the University or the Board;

2. Warrants, evidencing the amount due to any person for any services, or supplies, equipment or other materials furnished to the University or the Board for the benefit of the University and appertaining to an authorized project;

3. Bonds, evidencing any amount borrowed by the University or the Board and constituting long-term financing;

4. Temporary bonds, pending the preparation of and exchangeable for definitive bonds of like character and in principal amount when prepared and issued in compliance with the conditions and limitations herein provided; and

5. Interim debentures, evidencing any emergency loans, construction loans, and other temporary loans of not exceeding 3 years, in supplementation of long-term financing and the issuance of bonds, as provided in NRS 396.868 to 396.871, inclusive.

(Added to NRS by 1967, 10)

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NRS 396.8455 - Board of Regents authorized to delegate its authority to sign contract for purchase of securities or to accept bid for securities; certain terms of securities must be approved by Board of Regents.

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NRS 396.847 - Notes and warrants: Maturity; extension or funding.