A borrowing local government may not borrow money from an issuer or become obligated on a lease or agreement for an installment purchase for a facility financed by revenue securities unless the borrowing local government:
1. Has the authority to borrow money or enter into a lease or agreement for an installment purchase for the facility being financed with the revenue securities; and
2. Has followed the procedure required by law to borrow money or enter into a lease or an agreement for an installment purchase.
(Added to NRS by 1987, 1621)
Structure Nevada Revised Statutes
Chapter 277 - Cooperative Agreements: State, Counties, Cities, Districts and Other Public Agencies
NRS 277.050 - Sale, exchange or lease of real property by public agency: Conditions; procedure.
NRS 277.069 - Cooperative agreements concerning insurance: Powers and obligations of parties.
NRS 277.071 - "Borrowing local government" defined.
NRS 277.0715 - "Facility" defined.
NRS 277.072 - "Finance" defined.
NRS 277.0725 - "Issuer" defined.
NRS 277.073 - "Local government" defined.
NRS 277.0735 - "Revenue securities" defined.
NRS 277.0745 - Issuance and repayment of revenue securities.
NRS 277.075 - Prerequisites to borrowing from issuer or becoming obligated for facility.
NRS 277.0755 - Application of Local Government Securities Law.
NRS 277.103 - Consolidation of governmental services; supplementary and prevailing provisions.
NRS 277.150 - Approval of certain agreements by state officer or agency.
NRS 277.160 - Agreement as interstate compact; liability of state; actions.
NRS 277.180 - Interlocal contracts.
NRS 277.184 - "Local government" defined.
NRS 277.1855 - "Plan" defined.
NRS 277.186 - "State agency" defined.
NRS 277.190 - Enactment of Tahoe Regional Planning Compact.
NRS 277.207 - Priority for hearings in judicial actions and proceedings.
NRS 277.210 - Conflict of interest of member of governing body; penalties.