Qualified borrower retains right to issue bonds. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]

  1. Law
  2. Nevada Revised Statutes
  3. Highways, Roads and Transportation Facilities
  4. Qualified borrower retains right to issue bonds. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]

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Notwithstanding any provision in NRS 408.55048 to 408.55088, inclusive, to the contrary, NRS 408.55048 to 408.55088, inclusive, are supplemental to, and not in lieu of, the right of any qualified borrower to issue general obligation bonds or other bonds that the qualified borrower is otherwise lawfully authorized to issue.

(Added to NRS by 2017, 4136, effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069)


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