{"data":{"id":"us-nv/nrs-350.2011","jurisdiction":"us-nv","citation":"NRS 350.2011","heading":"Maximum rate of interest on securities of political subdivisions.","body":"1. Except as otherwise provided in this section and NRS 99.067, and except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, the rate or rates of interest on securities issued by a political subdivision of this state must not exceed by more than 3 percent:\n(a) For general obligations, the Index of Twenty Bonds; and\n(b) For special obligations, the Index of Revenue Bonds,\nÊ which was most recently published before the bids are received or a negotiated offer is accepted.\n2. The rate or rates of interest on securities issued in whole or in part to finance the costs of a program established pursuant to NRS 244.3651 must not exceed by more than 2 percent the rate or rates of interest set forth in subsection 1.","path":["TITLE 30 — PUBLIC BORROWING AND OBLIGATIONS","CHAPTER 350 - MUNICIPAL OBLIGATIONS","INTEREST RATES; DISCOUNTS; LIMITATION ON ISSUANCE OR SALE"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-350.html#NRS350Sec2011","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"bb63a63d2c6e4484c2faf545b5d1a84212a1270e8cc2c9062232df08bb440e60","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-350.201","next":"us-nv/nrs-350.2012"},"notice":"GroundRules: Original legal text. Not legal advice."}