GroundRules
NRS 350.2012: Discounts.
Where this section sits in the code
- TITLE 30 — PUBLIC BORROWING AND OBLIGATIONS
- CHAPTER 350 - MUNICIPAL OBLIGATIONS
- INTEREST RATES; DISCOUNTS; LIMITATION ON ISSUANCE OR SALE
Except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, securities issued by a political subdivision of this 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 350.2011.
Collected 2026-09-03T05:51:37Z. Source file · JSON