{"data":{"id":"us-nv/nrs-277.075","jurisdiction":"us-nv","citation":"NRS 277.075","heading":"Prerequisites to borrowing from issuer or becoming obligated for facility.","body":"A borrowing local government may not borrow money from an issuer or become obligated on a lease or agreement for an installment purchase for a facility financed by revenue securities unless the borrowing local government:\n1. Has the authority to borrow money or enter into a lease or agreement for an installment purchase for the facility being financed with the revenue securities; and\n2. Has followed the procedure required by law to borrow money or enter into a lease or an agreement for an installment purchase.","path":["TITLE 22 — COOPERATIVE AGREEMENTS BY PUBLIC AGENCIES; REGIONAL TRANSPORTATION COMMISSIONS; PLANNING AND ZONING; DEVELOPMENT AND REDEVELOPMENT","CHAPTER 277 - COOPERATIVE AGREEMENTS: STATE, COUNTIES, CITIES, DISTRICTS AND OTHER PUBLIC AGENCIES","COOPERATIVE AGREEMENTS BETWEEN LOCAL GOVERNMENTS FOR FINANCING GOVERNMENTAL FACILITIES"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-277.html#NRS277Sec075","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:36Z","sha256":"6d2606f10cbe5e8493b9eaf973cc3dd72305ecf87bed095b49ed451c3b81d23b","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-277.0745","next":"us-nv/nrs-277.0755"},"notice":"GroundRules: Original legal text. Not legal advice."}