{"data":{"id":"us-nv/nrs-349.595","jurisdiction":"us-nv","citation":"NRS 349.595","heading":"Prerequisites to financing costs related to equipment for project; establishment of guidelines.","body":"1. Except as otherwise provided in NRS 349.585, the Director may provide financing for a project pursuant to this section if:\n(a) The financing is limited in amount and purpose to the payment of the costs associated with:\n(1) The acquisition, refurbishing, replacement and installation of equipment for the project; and\n(2) The issuance of bonds pursuant to this section;\n(b) The total amount of the bonds issued pursuant to this section for a particular project does not exceed $2,500,000;\n(c) The Director determines that the bonds will:\n(1) Be sold only to qualified institutional buyers, as defined in Rule 144A of the Securities and Exchange Commission, 17 C.F.R. § 230.144A, in minimum denominations of at least $100,000; or\n(2) Receive a rating within one of the top four rating categories of Moody’s Investors Service, Inc., Standard and Poor’s Rating Services or Fitch IBCA, Inc.;\n(d) The Director makes the findings set forth in paragraphs (a) to (g), inclusive, of subsection 2 of NRS 349.580, and the governing body of the city or county where the project is to be located approves the findings of the Director; and\n(e) The Director complies with the guidelines established pursuant to subsection 2.\n2. The Board shall establish guidelines for the provision of financing for a project pursuant to this section.","path":["TITLE 30 — PUBLIC BORROWING AND OBLIGATIONS","CHAPTER 349 - STATE OBLIGATIONS","REVENUE BONDS FOR INDUSTRIAL DEVELOPMENT"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-349.html#NRS349Sec595","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"5ef2efba678cc9c4f177ff1afa3ae3e66dc349d96c45b1c0c99669b707cddd38","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-349.590","next":"us-nv/nrs-349.597"},"notice":"GroundRules: Original legal text. Not legal advice."}