349.077 - Discounts. - Nevada Statutes

State Codes and Statutes

Statutes > Nevada > Title-30 > Chapter-349 > Interest-rates-discounts-limitation-on-issuance > 349-077

349.077 Discounts. Except as otherwise provided by a specific statute, securities issued by the State may be sold at par, above par or below par at a discount of not more than 9 percent of the principal amount, but the effective interest rate must not exceed the limit provided in NRS 349.076.

(Added to NRS by 1967, 218; A 1969, 1288; 1971, 2110; 1975, 857; 1981, 1399; 1983, 570)

NRS 349.078 Limitation on issuance or sale after date of election. No security may be issued or sold by the State after the expiration of 6 years from the date of the election authorizing such issue, if an election is required by any law whenever enacted.

(Added to NRS by 1967, 219)

State Codes and Statutes

Statutes > Nevada > Title-30 > Chapter-349 > Interest-rates-discounts-limitation-on-issuance > 349-077

349.077 Discounts. Except as otherwise provided by a specific statute, securities issued by the State may be sold at par, above par or below par at a discount of not more than 9 percent of the principal amount, but the effective interest rate must not exceed the limit provided in NRS 349.076.

(Added to NRS by 1967, 218; A 1969, 1288; 1971, 2110; 1975, 857; 1981, 1399; 1983, 570)

NRS 349.078 Limitation on issuance or sale after date of election. No security may be issued or sold by the State after the expiration of 6 years from the date of the election authorizing such issue, if an election is required by any law whenever enacted.

(Added to NRS by 1967, 219)

State Codes and Statutes

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State Codes and Statutes

Statutes > Nevada > Title-30 > Chapter-349 > Interest-rates-discounts-limitation-on-issuance > 349-077

349.077 Discounts. Except as otherwise provided by a specific statute, securities issued by the State may be sold at par, above par or below par at a discount of not more than 9 percent of the principal amount, but the effective interest rate must not exceed the limit provided in NRS 349.076.

(Added to NRS by 1967, 218; A 1969, 1288; 1971, 2110; 1975, 857; 1981, 1399; 1983, 570)

NRS 349.078 Limitation on issuance or sale after date of election. No security may be issued or sold by the State after the expiration of 6 years from the date of the election authorizing such issue, if an election is required by any law whenever enacted.

(Added to NRS by 1967, 219)