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Code · Nevada · CHAPTER 349 - STATE OBLIGATIONS

NRS 349.070 Approval or rejection of bonds: Procedure.

153 words·~1 min read·/nv/chapter-349-state-obligations/349-070

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NRS 349.070 Approval or rejection of bonds: Procedure.
1. If a majority of the electors voting on the bond question is in favor of the issuance of the bonds, the proposal to issue them shall have been carried, and the proper officers of the State shall, in the manner provided by law or in the manner expressed in the notice of the election, proceed to complete the printing, execution, advertisement and sale of the bonds.
2. If the majority of the electors voting on the bond question is against the issuance of the bonds, the proposal to issue them shall have failed, and the proper officers of the State shall proceed no further with the printing, execution, advertisement or sale of the bonds, but they shall certify the result of the election to the proper officers, board or governing board of the State.
ISSUANCE AND REDEMPTION OF SECURITIES BY STATE BOARD OF FINANCE
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