Nev. Rev. Stat. § 543.700

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

Section 543.700 - Short-term notes

1. A district, upon the affirmative vote of a majority of the board, may borrow money without an election in anticipation of the collection of taxes or other revenues and to issue short-term notes to evidence the amount so borrowed.

2. Such short-term notes:

(a) Must be payable from the fund for which the money was borrowed.

(b) Must mature in accordance with the provisions of NRS 350.091.

(c) Must not be extended or funded except in compliance with NRS 543.690.

NRS 543.700

Added to NRS by 1961, 442; A 1991, 1374; 1995, 1828