NRS 315.99842 Notes, bonds and other obligations: Issuance; amounts; payment.
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NRS 315.99842 Notes, bonds and other obligations: Issuance; amounts; payment.
1. The Authority may issue its negotiable notes and bonds in such principal amount as the Authority determines to be necessary to provide sufficient money for achieving any of its statutory purposes, including the payment of interest on notes and bonds of the Authority, establishment of bond reserve funds and other reserves to secure the notes and bonds, and all other expenditures of the Authority necessary or convenient to carry out its statutory purposes and powers.
2. Subject to any agreements with holders of notes or bonds, all notes and bonds issued by the Authority are special obligations of the Authority payable out of any revenues, money or other assets of the Authority pledged thereto.