350A.095 - “Revenue securities” defined. - Nevada Statutes

350A.095  “Revenue securities” defined.  “Revenue securities” means notes, warrants, interim debentures, bonds and temporary bonds validly issued by a municipality as obligations for a purpose related to any undertaking which the municipality is authorized to complete and which are payable from:

      1.  The revenues of one or more such undertakings;

      2.  Taxes levied by or on behalf of the municipality for revenues pledged by the municipality which are not derived from a project; or

      3.  Any combination of those revenues and taxes.

Ê The term does not include municipal securities or obligations issued pursuant to the provisions of NRS 244A.669 to 244A.763, inclusive, 268.512 to 268.568, inclusive, or 315.140 to 315.7813, inclusive.

      (Added to NRS by 1993, 2317)