349.076 - Maximum rate of interest on securities issued by State. - Nevada Statutes

349.076  Maximum rate of interest on securities issued by State.  Except as otherwise provided by a specific statute, including, without limitation, NRS 99.067, the rate or rates of interest on securities issued by the State must not exceed by more than 3 percent:

      1.  For general obligations, the Index of Twenty Bonds; and

      2.  For special obligations, the Index of Revenue Bonds,

Ê which was most recently published before the bids are received or a negotiated offer is accepted.

      (Added to NRS by 1967, 218; A 1969, 1288; 1971, 2110; 1975, 857; 1981, 1399; 1983, 570; 2009, 2659)