350A.130 - Loans to municipalities by state purchase of municipal securities authorized. - Nevada Statutes

350A.130  Loans to municipalities by state purchase of municipal securities authorized.  In order to:

      1.  Protect and preserve the property and natural resources of the State, and to obtain the benefits thereof; and

      2.  Assist municipalities in the acquisition, construction and equipping of public improvements,

Ê the State Treasurer may make loans to municipalities by purchasing their municipal securities validly issued for a purpose related to natural resources or their revenue securities validly issued for a purpose related to any undertaking which the municipality is authorized to complete.

      (Added to NRS by 1981, 768; A 1993, 2319)