Nevada Code § 277.0695

Cooperative agreements concerning insurance: Issuance of securities; applicability of other laws concerning securities
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1. NRS
277.067 and 277.069 provide full
authority for the exercise of the powers granted in those sections. No other
act or law relating to the authorization or issuance of securities that
provides for an election applies to any proceedings taken or acts done pursuant
to those sections.
2. An issuance of bonds or notes, pledge
of revenues, or obligation to contribute money which is made or undertaken
pursuant to NRS 277.067 and 277.069 shall be deemed not to create
indebtedness for the purposes of any limitation on indebtedness contained in
any general or special law or charter.
3. Except as otherwise provided in this
section and in NRS 277.067 and 277.069 , the issuance of any bonds or notes
pursuant to NRS 277.069 must be made in
accordance with:
(a) The Local Government Securities Law, if the
bonds or notes are issued by or on behalf of a municipality as that term is
defined in NRS 350.538 ;
(b) The State Securities Law, if the bonds or
notes are issued by or on behalf of an agency of the State; or
(c) The University Securities Law, if the bonds
or notes are issued by or on behalf of the Nevada System of Higher Education.

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