Nevada Code § 349.120

Legislative appropriations from State General Fund
Open in Lexace · Ask the AI about this section
1. For each biennium, moneys must be
provided by direct legislative appropriation from the State General Fund
sufficient in amount to meet the bond interest and redemption requirements of
the State of Nevada, as designated by the various issues of bonds for which the
faith of the State of Nevada has been or may hereafter be pledged. The amount
must be determined by the Legislature from time to time so as to effectuate the
purposes of NRS 349.080 to 349.140 , inclusive.
2. All moneys so appropriated must be
placed in the Consolidated Bond Interest and Redemption Fund. All moneys so
appropriated and placed are hereby expressly set apart and appropriated to
discharge the obligations of the State of Nevada for bond interest and
redemption of bonds issued before, on or after March 28, 1939.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.