{"data":{"id":"us-nv/nrs-408.151","jurisdiction":"us-nv","citation":"NRS 408.151","heading":"Loans from financial institutions; limitations.","body":"1. Whenever the Legislature is not in session, the Board may borrow, with the approval of the State Board of Examiners, money from financial institutions for short periods to carry out the responsibilities of the Department.\n2. To secure short-term financing, the Board may pledge only revenue which it anticipates the Department will receive.\n3. The lending institution has no claim against the State, and may recover from the Director under the loan agreement only to the extent that the revenues pledged as security for the loan become available.","path":["TITLE 35—HIGHWAYS; ROADS; BRIDGES; PARKS; OUTDOOR RECREATION","CHAPTER 408 - HIGHWAYS, ROADS AND TRANSPORTATION FACILITIES","DEPARTMENT OF TRANSPORTATION","Director and Other Employees"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-408.html#NRS408Sec151","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:39Z","sha256":"d34626f1339548c51926f8ff185986185134607183990b6716f78d5447b55a2e","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-408.146","next":"us-nv/nrs-408.160"},"notice":"GroundRules: Original legal text. Not legal advice."}