349.071 - Powers of State Board of Finance. - Nevada Statutes

349.071  Powers of State Board of Finance.

      1.  The State Board of Finance may issue and redeem securities on behalf of the State, when such issue is authorized by law, in the manner provided by the State Securities Law.

      2.  The State Board of Finance constitutes the successor of the State Board of Examiners, the State General Obligation Bond Commission and any similar commission created before April 25, 1967.

      3.  In connection with any outstanding state securities issued on behalf of the State of Nevada by the State Board of Examiners, the State General Obligation Bond Commission or any such predecessor commission, the State Board of Finance may fund, refund and reissue such securities and may otherwise exercise on behalf of the State the supplemental powers provided in the State Securities Law.

      (Added to NRS by 1967, 1380; A 1973, 1471; 1995, 2237)

      NRS 349.072  State Bond Issuance Account: Creation; appropriations.  There is hereby created in the General Fund in the State Treasury the State Bond Issuance Account to which moneys may be appropriated for the payment of incidental expenses pertaining to state securities and projects relating thereto.

      (Added to NRS by 1967, 1380; A 1971, 373; 1973, 1472)