NAC319.713. Issuance of taxable and tax-exempt bonds; use of proceeds.

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1. For a project approved by the Division, the Division may issue a combination of taxable and tax-exempt bonds.

2. Except as otherwise provided in this subsection, the proceeds of bonds issued pursuant to subsection 1 must be used to construct or permanently finance projects in this State with loan amounts on a single project from $5,000,000 to $30,000,000. The Administrator may waive the minimum or maximum loan amounts.

(Added to NAC by Housing Div. by R093-00, eff. 11-20-2000)

                    
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