Sufficiency of NRS 396.809 to 396.885, inclusive.

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1. NRS 396.809 to 396.885, inclusive, without reference to other statutes of this state, except as herein otherwise expressly provided, shall constitute full authority for the exercise of the incidental powers herein granted concerning the borrowing of money to defray wholly or in part the cost of any project appertaining to the University or the Board, or to refinance outstanding loans, or both, and the issuance of bonds or other securities to evidence such loans or other obligations or to fund or refund outstanding securities, or any combination thereof, as the Board may determine.

2. No other act or law with regard to the authorization or issuance of securities or the exercise of any other power herein granted that requires an approval, or in any way impedes or restricts the carrying out of the acts herein authorized to be done shall be construed as applying to any proceedings taken hereunder or acts done pursuant hereto, except as herein otherwise provided.

3. The powers conferred by NRS 396.809 to 396.885, inclusive, shall be in addition and supplemental to, and not in substitution for, and the limitations imposed by NRS 396.809 to 396.885, inclusive, shall not affect the powers conferred by, any other law.

4. Nothing contained in NRS 396.809 to 396.885, inclusive, shall be construed as preventing the exercise of any power granted to the Board or to the University acting by and through the Board, or any officer, agent or employee thereof, by any other law.

5. No part of NRS 396.809 to 396.885, inclusive, shall repeal or affect any other law or part thereof, it being intended that NRS 396.809 to 396.885, inclusive, shall provide a separate method of accomplishing their objectives and not an exclusive one; and NRS 396.809 to 396.885, inclusive, shall not be construed as repealing, amending or changing any such other law.

(Added to NRS by 1967, 22)


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