{"data":{"id":"us-nv/nrs-350.2012","jurisdiction":"us-nv","citation":"NRS 350.2012","heading":"Discounts.","body":"Except where the provisions, whenever enacted, of a general or special law or of a special charter otherwise require, securities issued by a political subdivision of this state may be sold at par, above par or below par at a discount of not more than 9 percent of the principal amount, but the effective interest rate must not exceed the limit provided in NRS 350.2011.","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#NRS350Sec2012","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"698fe8a3ccfa22f87f65b6c7be31d4eea80c57e0d8a9c504664902c8acae8eb1","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-350.2011","next":"us-nv/nrs-350.2013"},"notice":"GroundRules: Original legal text. Not legal advice."}