NRS 350.2012 Discounts.
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/nv/chapter-350-municipal-obligations/350-2012·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 350.2012 Discounts. Except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, securities issued by a political subdivision of this state may be sold at par, above par or below par at a discount of not more than 9 percent of the principal amount, but the effective interest rate must not exceed the limit provided in NRS 350.2011 .