{"data":{"id":"us-nv/nrs-350.175","jurisdiction":"us-nv","citation":"NRS 350.175","heading":"Negotiated sale: Notice of request for proposals; description of procedure for request for proposals in debt management policy; time limitation on sale of bonds after selection of underwriter.","body":"1. If a municipality wishes to sell its bonds by a negotiated sale, it shall provide notice of the request for proposals in a manner that ensures that a reasonable number of underwriters for the size of the bond issue are notified of the request. The governing body of the municipality shall approve the notice.\n2. The procedure for a request for proposals established by a municipality, including any requirement relating to:\n(a) The rotation of the managing underwriters; and\n(b) The municipality’s policy of equal opportunity concerning the selection of underwriters,\nÊ must be described in the written statement of the debt management policy of the municipality.\n3. A municipality may negotiate the sale of the bonds described in the request for proposals with the underwriter it selects for not more than 6 years after the date of the selection of that underwriter. If bonds are not described in the request for proposals or if a negotiated sale occurs more than 6 years after the selection of an underwriter, the municipality shall request proposals from underwriters pursuant to subsection 1 before it selects an underwriter for that negotiated sale.\n4. As used in this section, “request for proposals” means a statement which requests that prospective underwriters submit proposals to the municipality to provide underwriting services for the negotiated sale.","path":["TITLE 30 — PUBLIC BORROWING AND OBLIGATIONS","CHAPTER 350 - MUNICIPAL OBLIGATIONS","SALE OF BONDS BY COMPETITIVE BID OR NEGOTIATED SALE"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-350.html#NRS350Sec175","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"22437a1089dd1f029e68f99242a4b4f42bad3e5cf124c0ba50894ebd32965a8a","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-350.165","next":"us-nv/nrs-350.185"},"notice":"GroundRules: Original legal text. Not legal advice."}