Any resolution providing for the issuance of any bonds or other securities hereunder payable from pledged revenues and any indenture or other instrument or proceedings appertaining thereto may at the discretion of the Board contain covenants or other provisions, notwithstanding such covenants and provisions may limit the exercise of powers conferred hereby, in order to secure the payment of such securities, in agreement with the holders of such securities, including without limitation covenants or other provisions as to any one or more of the following:
1. The pledged revenues to be fixed, charged or levied and the collection, use and disposition thereof, including but not limited to the foreclosure of liens for delinquencies, the discontinuance of services, facilities or use of any properties or facilities, prohibition against free service, the collection of penalties and collection costs, and the use and disposition of any moneys of the University or the Board, derived or to be derived, from any source herein designated;
2. The acquisition, improvement or equipment of all or any part of properties pertaining to any project or any facilities;
3. The creation and maintenance of reserves or sinking funds to secure the payment of the principal of and interest on any securities or of operation and maintenance expenses of any facilities, or part thereof, and the source, custody, security, regulation, use and disposition of any such reserves or funds, including but not limited to the powers and duties of any trustee with regard thereto;
4. A fair and reasonable payment by the University or the Board from the general fund of the University or the Board or other available moneys to the account of any designated facilities for services rendered thereby to the University or the Board;
5. The payment of the cost of any project by delineating the purpose or purposes to which the proceeds of the sale of securities may be applied, and the custody, security, use, expenditure, application and disposition thereof;
6. The application of any accrued interest and any premium from the sale of any bonds or other securities hereunder to the cost of a project, to any bond fund or other fund or account for the payment of interest on or the principal of the bonds or other securities, or both interest and principal, or to any reserve fund or account therefor, or any combination thereof;
7. The registration of the bonds or other securities for payment as to principal only, or as to both principal and interest, at the option of any holder of a bond or other security, or for registration for payment only in either manner designated;
8. The endorsement of payments of interest on the bonds or other securities or for reconverting the bonds or other securities into coupon bonds or other coupon securities, or both for such endorsement and such reconversion, where any bond or other security is registered for payment as to interest; and where interest accruing on the securities is not represented by interest coupons the securities may provide for the endorsing of payments of interest thereon;
9. The endorsement of payments of principal on the bonds or other securities, where any bond or other securities are registered for payment as to principal;
10. The initial issuance of one or more bonds or other securities aggregating the amount of the entire issue or any portion thereof, and the endorsement of payments of interest or principal, or both interest and principal, on the securities;
11. The manner and circumstances in and under which any such bond or other securities may in the future, at the request of the holder thereof, be converted into bonds or other securities of larger or smaller denominations, which bonds or other securities of larger or smaller denominations may in turn be either coupon bonds or other coupon securities or bonds or other securities registered for payment, or coupon bonds or other coupon securities with provisions for registration for payment;
12. The reissuance of any outstanding bond or other securities, and the terms and conditions thereof, whether lost, apparently destroyed, wrongfully taken, or for any other reason, as provided in the Uniform Commercial Code—Investment Securities, or otherwise;
13. The temporary investment and any reinvestment of proceeds of bonds or other securities or pledged revenues, or both such proceeds and revenues, in federal securities;
14. The deposit of moneys or federal securities, or both moneys and such securities, with and securing their repayment by a commercial bank or commercial banks within or without or both within and without this state;
15. The pledge of and the creation of a lien upon pledged revenues or the proceeds of bonds or other securities pending their application to defray the cost of any project, or both such revenues and proceeds of securities, to secure the payment of bonds or other securities issued hereunder;
16. The payment of the principal of and interest on any securities, and the sources and methods thereof, the rank or priority of any securities as to any lien or security for payment, or the acceleration of any maturity of any securities, or the issuance of other or additional securities payable from or constituting a charge against or lien upon any pledged revenues or other moneys pledged for the payment of securities and the creation of future liens and encumbrances thereagainst;
17. The use, regulation, inspection, management, operation, maintenance or disposition, or any limitation or regulation of the use, of all or any part of the facilities or any property of the Board or University; and the making and enforcement of reasonable parietal rules that shall insure the use of the facilities by all students in attendance at the University who reside on the campus of the University, or otherwise, to the maximum extent to which the facilities are capable of serving such students;
18. The determination or definition of pledged revenues from any facilities or of operation and maintenance expenses of facilities, the use and disposition of such revenues and the manner of and limitations upon paying such expenses;
19. The creation of special funds and accounts appertaining to any pledged revenues or to the bonds or other securities issued hereunder;
20. The insurance to be carried by the University or the Board or any other person in interest and use and disposition of insurance moneys, the acquisition of completion, performance, surety and fidelity bonds appertaining to any project or funds, or both, and the use and disposition of any proceeds of such bonds;
21. Books of account, the inspection and audit thereof, and other records appertaining to any project, facilities or pledged revenues;
22. The assumption or payment or discharge of any obligation, lien or other claim relating to any part of any project, any facilities, or any securities having or which may have a lien on any part of any pledged revenues or other moneys of the Board or University;
23. Limitations on the powers of the University or the Board to acquire or operate, or permit the acquisition or operation of, any structures, facilities or properties which may compete or tend to compete with any facilities;
24. The vesting in a corporate or other trustee or trustees such property, rights, powers and duties in trust as the Board may determine which may include any or all of the rights, powers and duties of the trustee appointed by the holders of securities, and limiting or abrogating the right of such holders to appoint a trustee, or limiting the rights, duties and powers of such trustee;
25. The payment of costs or expenses incident to the enforcement of the securities or of the provisions of the resolution or of any covenant or contract with the holders of the securities;
26. Events of default, rights and liabilities arising therefrom, and the rights, liabilities, powers and duties arising upon the breach by the University or the Board of any covenants, conditions or obligations;
27. The terms and conditions upon which the holders of the securities or any portion, percentage or amount of them may enforce any covenants or provisions made hereunder or duties imposed thereby;
28. The terms and conditions upon which the holders of the securities or of a specified portion, percentage or amount thereof, or any trustee therefor, shall be entitled to the appointment of a receiver, which receiver may enter and take possession of any facilities or service, operate and maintain the same, prescribe fees, rates and charges, and collect, receive and apply all revenues thereafter arising therefrom in the same manner as the Board itself might do;
29. A procedure by which the terms of any resolution authorizing securities, or any other contract with any holders of securities, including but not limited to an indenture of trust or similar instrument, may be amended or abrogated, and as to the amount of securities the holders of which must consent thereto, and the manner in which such consent may be given;
30. The terms and conditions upon which any or all of the securities shall become or may be declared due before maturity, and as to the terms and conditions upon which such declaration and its consequences may be waived; and
31. All such acts and things as may be necessary or convenient or desirable in order to secure the securities, or in the discretion of the Board tend to make the securities more marketable, notwithstanding that such covenant, act or thing may not be enumerated herein, it being the intention hereof to give the Board power to do all things in the issuance of the University’s or the Board’s securities and for their security except as herein expressly limited.
(Added to NRS by 1967, 13; A 1971, 2122)
Structure Nevada Revised Statutes
Chapter 396 - Nevada System of Higher Education
NRS 396.020 - Legal and corporate name of University; name and composition of System.
NRS 396.040 - Number of Regents; election from certain districts; residency requirements.
NRS 396.0411 - Maps of districts: Duties of Director of Legislative Counsel Bureau.
NRS 396.0413 - Maps of districts: Duties of Secretary of State.
NRS 396.0414 - Use of population counts revised by State Demographer for apportionment of districts.
NRS 396.090 - Secretary of Board: Employment; duties.
NRS 396.100 - Meetings; records open to public inspection.
NRS 396.120 - Copy of minutes of Regents’ meetings transmitted to Governor.
NRS 396.121 - Annual report concerning equity in workplace.
NRS 396.1215 - Agreement with medical facility for medical education or health education.
NRS 396.122 - Interest in certain contracts prohibited.
NRS 396.126 - "Complainant" defined.
NRS 396.127 - "Dating violence" defined.
NRS 396.128 - "Domestic violence" defined.
NRS 396.129 - "Reporting party" defined.
NRS 396.131 - "Respondent" defined.
NRS 396.132 - "Sexual assault" defined.
NRS 396.133 - "Sexual harassment" defined.
NRS 396.134 - "Sexual misconduct" defined.
NRS 396.135 - "Stalking" defined.
NRS 396.136 - "Student" defined.
NRS 396.137 - "Supportive measures" defined.
NRS 396.138 - "Trauma-informed response" defined.
NRS 396.1415 - Task Force on Sexual Misconduct at Institutions of Higher Education: Duties.
NRS 396.1425 - Climate survey on sexual misconduct: Biennial administration; contents; waiver.
NRS 396.143 - Climate survey on sexual misconduct: Duties of Board of Regents.
NRS 396.144 - Requirements relating to grievance process.
NRS 396.145 - Policy on sexual misconduct: Contents; opportunity for comment; public availability.
NRS 396.146 - Policy on sexual misconduct: Required provisions.
NRS 396.148 - Designation of advocate.
NRS 396.149 - Duties and powers of advocate; notice; conflict of interest.
NRS 396.152 - Required training.
NRS 396.153 - Programming on awareness and prevention of sexual misconduct.
NRS 396.154 - Determination of responsibility based on preponderance of evidence.
NRS 396.157 - No-contact directive.
NRS 396.210 - Chancellor: Appointment and qualifications.
NRS 396.220 - Salary of Chancellor.
NRS 396.230 - Duties of Chancellor and other officers.
NRS 396.240 - Reports of Chancellor and other officers.
NRS 396.251 - Establishment of policies and procedures for certain personnel.
NRS 396.260 - Employment of alien instructor or professor through program of exchange.
NRS 396.270 - Official oath for instructor and professor.
NRS 396.280 - Salaries of academic staff.
NRS 396.290 - Retirement benefits for employees of System.
NRS 396.300 - Rules for reports of officers and teachers.
NRS 396.311 - Community College: System of probation for professional employees.
NRS 396.315 - Community College: System for dismissal of professional employees.
NRS 396.320 - Grounds for dismissal or removal of certain personnel.
NRS 396.323 - Powers of Regents and other officers to issue subpoenas; enforcement.
NRS 396.325 - Creation; interlocal agreements with other law enforcement agencies.
NRS 396.327 - Police required to wear badges.
NRS 396.330 - Acceptance of grants of land.
NRS 396.340 - Acceptance of federal appropriations and grants; annual report.
NRS 396.350 - Irreducible University Fund.
NRS 396.360 - Contingent University Fund.
NRS 396.370 - Appropriations for support and maintenance of System.
NRS 396.380 - Receipt and disbursement of money by Board of Regents; control of expenditures.
NRS 396.383 - Accounts Payable Revolving Fund.
NRS 396.384 - Collegiate License Plate Account.
NRS 396.385 - Use of facsimile signature by chief business officer; conditions.
NRS 396.390 - Claims: Procedure and payment.
NRS 396.400 - Public inspection of accounts.
NRS 396.420 - Acceptance of property.
NRS 396.425 - Purchase of real property.
NRS 396.430 - Sale and lease of property; use of proceeds.
NRS 396.432 - Disposition of unclaimed property.
NRS 396.433 - Fidelity and other insurance.
NRS 396.435 - Regulations governing traffic on System’s property; publication; filing; penalty.
NRS 396.436 - Maintenance and delivery of records and controls for inventory.
NRS 396.438 - Disposal of electronic waste.
NRS 396.440 - Course of study, terms and vacations.
NRS 396.500 - Instruction in United States Constitution and Nevada’s Constitution; examination.
NRS 396.507 - Report concerning students who are veterans.
NRS 396.514 - Instruction in essentials of green building construction and design.
NRS 396.517 - Program to educate and train persons for work in nursing home.
NRS 396.519 - Program of student teaching and practicum.
NRS 396.521 - Genetics program: Establishment.
NRS 396.523 - Genetics program: Provision of services.
NRS 396.524 - Genetics program: Eligibility; determination of ability to pay.
NRS 396.525 - Genetics program: Confidentiality of records and information; exceptions.
NRS 396.526 - Genetics program: Qualifications of personnel; exemption.
NRS 396.527 - Genetics program: Powers of Board of Regents.
NRS 396.530 - Discrimination in admission prohibited.
NRS 396.533 - Access to all library facilities within System.
NRS 396.540 - Charges for tuition; exemptions.
NRS 396.543 - Reciprocal agreement with another state for full or partial waiver of tuition.
NRS 396.54495 - Report on waiver of fees for certain students who are Native American.
NRS 396.5453 - Annual report concerning students who are veterans; contents.
NRS 396.5455 - Preference in admission to nursing programs for certain veterans.
NRS 396.5457 - Preference in admission to teacher education programs for certain veterans.
NRS 396.5465 - Inclusion of mental health resources on student identification card.
NRS 396.547 - Student government: Establishment; approval of bylaws; fees.
NRS 396.5475 - Written policy for student publications.
NRS 396.550 - Time and standards of graduation.
NRS 396.580 - Diploma for course of study not equivalent to regular course.
NRS 396.591 - Medical insurance for members of athletic teams.
NRS 396.5916 - "Homeless pupil" defined.
NRS 396.592 - "Liaison" defined.
NRS 396.5923 - "Unaccompanied pupil" defined.
NRS 396.5926 - Creation of office; appointment; term; unclassified service; qualifications; removal.
NRS 396.593 - Authority to perform certain functions.
NRS 396.595 - Creation of Office; employment, qualifications and duties.
NRS 396.597 - System may provide space for office and supplies; other employment allowed.
NRS 396.610 - Rules and regulations.
NRS 396.630 - Assay to be run when same material sent from same district.
NRS 396.640 - Analyses of samples in order received.
NRS 396.650 - Limitations on number of samples and quantitative analyses.
NRS 396.660 - Purpose and applicability of NRS 396.620 to 396.660, inclusive.
NRS 396.690 - Acceptance of federal appropriations for agricultural extension work.
NRS 396.750 - Director; assistants.
NRS 396.760 - Acceptance of federal acts.
NRS 396.770 - Acceptance of federal money.
NRS 396.780 - Biennial reports.
NRS 396.790 - Agricultural research: Nevada Agricultural Experiment Station Fund.
NRS 396.792 - Establishment; acceptance and use of gifts and grants.
NRS 396.7952 - Powers of Board of Regents.
NRS 396.7953 - Procedures and policies for personnel.
NRS 396.7954 - Deposit of money received on behalf of Institute.
NRS 396.7955 - Fiscal policies and procedures.
NRS 396.7956 - Research concerning use of solar energy as source of power.
NRS 396.7971 - Powers of Institute.
NRS 396.7972 - Powers of Board of Regents.
NRS 396.7973 - Procedures and policies for personnel.
NRS 396.7974 - Deposit of money received on behalf of Institute.
NRS 396.7975 - Fiscal policies and procedures.
NRS 396.7992 - Formation of nonprofit corporation: Powers of Board of Regents.
NRS 396.7994 - Status of nonprofit corporation on formation.
NRS 396.7995 - Limitations on activities of nonprofit corporation.
NRS 396.7996 - Activities of nonprofit corporation public in nature.
NRS 396.7997 - Income of nonprofit corporation.
NRS 396.7998 - Beneficial interest of System and Board of Regents in nonprofit corporation.
NRS 396.7999 - Approval of corporate acts by System.
NRS 396.801 - Formation of nonprofit corporation: Powers of Board of Regents.
NRS 396.803 - Status of nonprofit corporation on formation.
NRS 396.804 - Limitations on activities of nonprofit corporation.
NRS 396.805 - Activities of nonprofit corporation public in nature.
NRS 396.806 - Income of nonprofit corporation.
NRS 396.807 - Beneficial interest of System and Board of Regents in nonprofit corporation.
NRS 396.808 - Approval of corporate acts by System.
NRS 396.810 - Purpose; supplemental nature.
NRS 396.812 - "Acquisition" and "acquire" defined.
NRS 396.813 - "Board" defined.
NRS 396.814 - "Chair" and "Chair of the Board" defined.
NRS 396.8145 - "Chancellor of the University" defined.
NRS 396.815 - "Commercial bank" defined.
NRS 396.816 - "Cost of any project" defined.
NRS 396.8163 - "Disposal" and "dispose" defined.
NRS 396.8167 - "Equip" and "equipment" defined.
NRS 396.817 - "Facilities" defined.
NRS 396.818 - "Federal Government" defined.
NRS 396.819 - "Federal securities" defined.
NRS 396.820 - "Gross revenues" and "gross pledged revenues" defined.
NRS 396.822 - "Holder" defined.
NRS 396.823 - "Improvement" and "improve" defined.
NRS 396.824 - "Net revenues" and "net pledged revenues" defined.
NRS 396.825 - "Operation and maintenance expenses" defined.
NRS 396.826 - "Operation and maintenance expenses": Exclusions from definition.
NRS 396.828 - "Pledged revenues" defined.
NRS 396.829 - "Pledged revenues": Exclusions from definition.
NRS 396.831 - "Project" defined.
NRS 396.832 - "Secretary of the Board" defined.
NRS 396.833 - "Securities" defined.
NRS 396.834 - "State" defined.
NRS 396.835 - "Treasurer of the University" defined.
NRS 396.836 - "Trust bank" defined.
NRS 396.837 - "United States" defined.
NRS 396.838 - "University" defined.
NRS 396.8395 - Revenues which may be included as pledged revenues.
NRS 396.846 - Types of securities which may be issued; series.
NRS 396.847 - Notes and warrants: Maturity; extension or funding.
NRS 396.848 - Temporary bonds: Conditions, terms and provisions; holder’s rights and remedies.
NRS 396.849 - Resolution authorizing issuance of securities: Description of purposes.
NRS 396.850 - Details of securities provided by resolution.
NRS 396.851 - Recital in securities conclusive evidence of validity and regularity of issuance.
NRS 396.852 - Denomination, negotiability and maturity of securities; interest and interest coupons.
NRS 396.854 - Redemption before maturity.
NRS 396.855 - Repurchase of bonds and other securities.
NRS 396.856 - Use of money received from issuance of securities.
NRS 396.857 - Disposition of unexpended balance after completion of project.
NRS 396.859 - Special funds and accounts: Creation; purposes.
NRS 396.860 - Employment of legal and other expert services; contracts for sale and other purposes.
NRS 396.862 - Covenants and other provisions in bonds and other securities.
NRS 396.864 - Rights and powers of holders of securities and trustees.
NRS 396.865 - Receivers: Appointment; powers and duties.
NRS 396.866 - Rights and remedies cumulative.
NRS 396.868 - Interim debentures: Maturity; use of proceeds; issuance.
NRS 396.869 - Interim debentures: Security for payment.
NRS 396.870 - Interim debentures: Extension and funding.
NRS 396.874 - Conditions for refunding bonds.
NRS 396.877 - Refunding bonds payable from pledged revenues.
NRS 396.878 - Issuance of bonds separately or in combination.
NRS 396.879 - Other statutory provisions applicable to refunding bonds.
NRS 396.880 - Conclusive determination of Board of Regents that statutory limitations have been met.
NRS 396.881 - Bonds and other securities exempt from taxation; exception.
NRS 396.882 - Bonds and other securities legal investments for state money.
NRS 396.883 - Legal investments for other persons.
NRS 396.884 - Sufficiency of NRS 396.809 to 396.885, inclusive.
NRS 396.885 - Liberal construction.
NRS 396.891 - Limitations on amount of loans; distribution of loans among campuses of System.
NRS 396.892 - Repayment of loans; exceptions; regulations.
NRS 396.893 - Board of Regents may require cosigner or security for loan.
NRS 396.894 - Board of Regents may require repayment of balance of loan under certain circumstances.
NRS 396.896 - Extension of period for repayment of loan: Application; approval by Board of Regents.
NRS 396.898 - Powers of Board of Regents.
NRS 396.899 - Nevada Health Service Corps: "Practitioner" defined.
NRS 396.900 - Nevada Health Service Corps: Establishment by Board of Regents authorized.
NRS 396.901 - Nevada Health Service Corps: Primary purposes.
NRS 396.902 - Nevada Health Service Corps: Powers of University of Nevada School of Medicine.
NRS 396.906 - Nevada Office of Rural Health: Establishment; duties; use of gifts and other money.
NRS 396.911 - Legislative declaration.
NRS 396.916 - Eligible institution" defined.
NRS 396.917 - "Memorial Scholarship" defined.
NRS 396.918 - "Millennium Scholarship" defined.
NRS 396.922 - "Trust Fund" defined.
NRS 396.950 - "Program" defined.
NRS 396.958 - Acceptance of gifts, grants, bequests and donations.
NRS 396.960 - Report to Legislature.
NRS 396.9612 - "Academic year" defined.
NRS 396.9615 - "Gift aid" defined.
NRS 396.9625 - "Nevada Promise Scholarship" defined.
NRS 396.9632 - "Program" defined.
NRS 396.9634 - "Registration fee and other mandatory fees" defined.
NRS 396.965 - Creation and administration of Program; regulations.
NRS 396.9665 - Eligibility to receive Nevada Promise Scholarship.
NRS 396.970 - Surreptitious electronic surveillance on campus; exceptions.