Nev. Admin. Code § 349.025

Current through June 11, 2024

Section 349.025 - Issuance of bonds

Any bonds issued pursuant to NAC 349.010 to 349.080, inclusive, must:

1. Be at the lowest cost of capital to the obligor, as measured by a standard true interest cost calculation;

2. Have an interest rate commensurate with the level of risk of the bonds, as determined by the Director; and

3. Have their proposed structure approved by the State Board of Finance.

Nev. Admin. Code § 349.025

Added to NAC by Dep't of Business & Industry by R104-08, eff. 12-17-2008

NRS 349.630