350A.060 - “Lending project” defined.

350A.060  “Lending project” defined.  “Lending project” means any undertaking which the State is authorized to complete in connection with loans to municipalities made by the purchase of:

      1.  Municipal securities validly issued for a purpose related to natural resources; or

      2.  Revenue securities validly issued for a purpose related to any undertaking which a municipality is authorized to complete.

      (Added to NRS by 1981, 768; A 1993, 2319)