Maximum rate of interest on securities of political subdivisions.
Nev. Rev. Stat. § 350.2011
in effect1. Except as otherwise provided in this section and NRS 99.067 , and except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, the rate or rates of interest on securities issued by a political subdivision of this state must not exceed by more than 3 percent:
(a) For general obligations, the Index of Twenty Bonds; and
(b) For special obligations, the Index of Revenue Bonds,
Ê which was most recently published before the bids are received or a negotiated offer is accepted.
2. The rate or rates of interest on securities issued in whole or in part to finance the costs of a program established pursuant to NRS 244.3651 must not exceed by more than 2 percent the rate or rates of interest set forth in subsection 1.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-350.htmlFetched: 10/4/2026