Issuance of general and special obligation bonds by board of county commissioners.
1. Subject to the provisions of NRS 450.010 to 450.510, inclusive, for any hospital project stated in a bond question approved as provided in NRS 350.070, the board of county commissioners, at any time, in the name and on the behalf of the county, may issue:
(a) General obligation bonds, payable from taxes; and
(b) General obligation bonds, payable from taxes, which payment is additionally secured by a pledge of gross or net revenues derived from the operation of the hospital facilities, and, if so determined by the board of county commissioners, further secured by a pledge of gross or net revenues derived from any other income-producing project of the county or from any license or other excise taxes levied by the county for revenue, as may be legally made available for their payment.
2. The board of county commissioners of any county, in the name and on behalf of the county, may issue, for any hospital project, without the securities being authorized at any election, special obligation municipal securities payable solely from net revenues or gross revenues derived from the operation of hospital facilities.
Last modified: February 26, 2006