{"data":{"id":"us-nv/nrs-244a.6975","jurisdiction":"us-nv","citation":"NRS 244A.6975","heading":"Issuance of bonds for affordable housing or residential housing for corporation for public benefit.","body":"The governing body of a county may approve the issuance of bonds for a project for affordable housing or for any form of residential housing for the purposes of a corporation for public benefit only if:\n1. The amount of the bonds to be issued is less than $15,000,000;\n2. An independent consultant hired by the governing body has reported favorably on the financial feasibility of the project;\n3. The bonds will be sold to not more than 10 investors, each of whom certifies that he or she:\n(a) Has a net worth of $500,000 or more; and\n(b) Is purchasing the bonds for investment and not for resale; and\n4. The issuance of the bonds is approved by the State Board of Finance, unless the amount of the bonds to be issued is $5,000,000 or less.","path":["TITLE 20 — COUNTIES AND TOWNSHIPS: FORMATION, GOVERNMENT AND OFFICERS","CHAPTER 244A - COUNTIES: FINANCING OF PUBLIC IMPROVEMENTS","COUNTY ECONOMIC DEVELOPMENT REVENUE BOND LAW"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-244A.html#NRS244ASec6975","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:35Z","sha256":"f2a9bc1d5f06bb833d23854dd4b3969f518d7f150d6e3501e17e44102a07c21c","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-244a.697","next":"us-nv/nrs-244a.698"},"notice":"GroundRules: Original legal text. Not legal advice."}