{"data":{"id":"us-nv/nrs-354.6118","jurisdiction":"us-nv","citation":"NRS 354.6118","heading":"Interfund loans or loans to other local governments: Public hearing required.","body":"Before making an interfund loan or loaning money to another local government, the governing body of the local government that wishes to make the loan must:\n1. Determine at a public hearing that:\n(a) A sufficient amount of money is available for the loan and that money is not restricted as to its use; and\n(b) The loan of the money will not compromise the economic viability of the fund from which the money is loaned; and\n2. Establish at the public hearing conducted pursuant to subsection 1:\n(a) The amount of time the money will be on loan from the fund;\n(b) The terms and conditions for repaying the loan; and\n(c) The rate of interest, if any, to be charged for the loan.","path":["TITLE 31 — PUBLIC FINANCIAL ADMINISTRATION","CHAPTER 354 - LOCAL FINANCIAL ADMINISTRATION","BUDGETS OF LOCAL GOVERNMENTS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-354.html#NRS354Sec6118","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"0a15e5918f49c9b5b067758ac4f06fe19c373c0f5cf73dab400e80b065a8b69a","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-354.6117","next":"us-nv/nrs-354.612"},"notice":"GroundRules: Original legal text. Not legal advice."}