309.336 - Authorization for issuance and sale of general obligation bonds after election. - Nevada Statutes

309.336  Authorization for issuance and sale of general obligation bonds after election.  Except as otherwise provided in NRS 309.3395:

      1.  If it appears from the returns that a majority of the electors of the district who have voted on any proposition submitted pursuant to the provisions of NRS 309.332 to 309.339, inclusive, at the election voted in favor of the proposition, the district may issue and sell general obligation bonds of the district for the purpose or purposes and object or objects provided for in the proposition submitted and in the resolution therefor, and in the amount so provided and at a rate of interest not exceeding the rate of interest recited in the resolution.

      2.  Submission of the proposition of incurring the general obligation indebtedness at a special election, district election or primary state election does not prohibit the submission of the same proposition or other propositions at a subsequent special election, district election or primary state election.

      (Added to NRS by 1964, 14; A 1971, 432; 1993, 1060; 2007, 2885)