NAC349.157. “Municipal obligor” defined.

Latest version.

“Municipal obligor” means a municipality, political subdivision or state agency that agrees to make the payments sufficient to pay the principal of, premium, if any, and interest on the state securities by issuing to the Director, on behalf of the State, general obligations additionally secured by the revenues of the water project.

(Added to NAC by Dep’t of Commerce, eff. 11-13-90)

                    
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