350.2012 - Discounts. - Nevada Statutes

350.2012  Discounts.  Except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, securities issued by a political subdivision of this state may be sold at par, above par or below par at a discount of not more than 9 percent of the principal amount, but the effective interest rate must not exceed the limit provided in NRS 350.2011.

      (Added to NRS by 1967, 219; A 1969, 1291; 1971, 2115; 1975, 863; 1981, 1403; 1983, 574)

      NRS 350.2013  Issuance or sale more than 6 years after date of election prohibited; exception.  Except as otherwise provided in subsection 4 of NRS 350.020, no security may be issued or sold by a political subdivision of this state after the expiration of 6 years from the date of the election authorizing such issue, if an election is required by any law whenever enacted.

      (Added to NRS by 1967, 219; A 1997, 2466; 1999, 3222)