GroundRules
NRS 349.857: Director: Loans of securities.
Where this section sits in the code
- TITLE 30 — PUBLIC BORROWING AND OBLIGATIONS
- CHAPTER 349 - STATE OBLIGATIONS
- REVENUE BONDS FOR FINANCING EXPORTATION OF GOODS
1. The Director may lend any securities in which he or she invests pursuant to NRS 349.855 if he or she receives collateral from the borrower in the form of cash or marketable securities that are:
(a) Acceptable to the Director; and
(b) At least 102 percent of the value of the securities borrowed.
2. The Director may enter into such contracts as are necessary to extend and manage loans pursuant to this section.
Collected 2026-09-03T05:51:37Z. Source file · JSON