Issuance of negotiable notes or bonds to finance restoration of historic structure; maturity; interest.
Nev. Rev. Stat. § 350.5755
in effect1. Whenever the governing body of any municipality is authorized to enter into financing for restoration of a historic structure, as provided in NRS 350.575 , the governing body may issue, as evidence thereof, negotiable notes or bonds.
2. The negotiable notes or bonds must:
(a) Mature not later than 15 years after the date of issuance.
(b) Bear interest at a rate or rates which do not exceed by more than 3 percent the Index of Twenty Bonds which was most recently published before the bids are received or a negotiated offer is accepted.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-350.htmlFetched: 10/4/2026