NRS 349.076 Maximum rate of interest on securities issued by State.
81 words·~1 min read·
/nv/chapter-349-state-obligations/349-076A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 349.076 Maximum rate of interest on securities issued by State. Except as otherwise provided by a specific statute, including, without limitation, NRS 99.067 , the rate or rates of interest on securities issued by the State must not exceed by more than 3 percent:
1. For general obligations, the Index of Twenty Bonds; and
2. 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.