Security — Nevada Code § 349.620
Nevada Code § 349.620 — Security. Reproduced from the official Nevada Revised Statutes, with a citation summary, verification link, and related provisions.
§ 349.620. Security
1. The principal of, the interest on and any prior redemption premiums due in connection
with the bonds issued pursuant to NRS 349.400 to 349.670 , inclusive, are payable from, secured by a pledge of, and constitute a lien on the
revenues out of which the bonds have been made payable. In addition, they may, in the discretion of the Director, be secured by: (a) A mortgage or mortgages covering all or part of any project financed with the
proceeds of the bonds, or upon any other property of the lessees, purchasers or obligors
of those projects, or by a pledge of the lease, the agreement of sale or the financing
agreement with respect to one or more of the projects, or both. (b) A pledge of one or more notes, debentures, bonds or other secured or unsecured
debt obligations of the obligor of one or more of the projects. (c) The proceeds of the bonds and income from investment of the proceeds and of revenues. 2. The State, a city or a county may pledge only the property of the project or the
revenues therefrom.
Source: official Nevada text · Last verified 2026-08-27
At a glance
- Citation: Nevada Revised Statutes § 349.620
- Jurisdiction: Nevada
- Code: Nevada Revised Statutes
- Subject: Security
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Nevada Revised Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Nevada attorney.
Common questions
What is the source of Nevada Revised Statutes § 349.620?
The text above is transcribed from the Nevada Revised Statutes, the codified statutes of Nevada. The official publisher link appears under "Verify the text" on this page.
What subject does Nevada Revised Statutes § 349.620 address?
It addresses "Security". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Nevada Revised Statutes § 349.620 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Nevada source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Nevada law to your facts requires a licensed Nevada attorney who can review the specifics.