NAC349.025. Issuance of bonds.

Latest version.

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.

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

                    
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