Nev. Rev. Stat. § 349.860

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 349.860 - Insurance

The Director may use money from the fund for financing exports to:

1. Insure against the program's risk of loss resulting from the failure of the exporter to repay the loan provided by a participating financial institution; and

2. Purchase insurance to secure the payment of the principal of, interest on, and premium, if any, due in connection with any bonds issued.

NRS 349.860

Added to NRS by 1985, 2020