Nevada Administrative Code (Last Updated: January 6, 2015)

NAC612.600. “Principal coverage ratio” defined.

Latest version.

“Principal coverage ratio” means the rate of excess collection of money specified by the State in the trust indenture or other instrument or agreement in connection with the bonds to provide for the security of the payment of the bond principal.

(Added to NAC by Employm’t Security Div. by R039-13, eff. 10-4-2013)

                    
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