Nev. Rev. Stat. § 396.857

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 396.857 - Disposition of unexpended balance after completion of project

Any unexpended balance of the proceeds of such securities remaining after the completion of the acquisition or improvement of properties pertaining to the project or otherwise the completion of the purpose or purposes for which such securities were issued must be credited immediately to the Special Capital Construction Fund for Higher Education, or any other fund or account of the University or the Board for the construction therefor of capital improvements, or the fund or account created for the payment of the interest on or the principal of the securities, or both principal and interest, and must be used therefor, subject to the provisions as to the times and methods for their payment as stated in the securities and the proceedings authorizing or otherwise appertaining to their issuance, or so paid into a reserve therefor, or any combination thereof, as the Board may determine.

NRS 396.857

Added to NRS by 1967, 12; A 1979, 361; 1983, 134
Added to NRS by 1967, 12; A 1979, 361; 1983, 134