Nevada Revised Statutes 408.55077 – Permissible forms of security for issuance of revenue bonds by Bank
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The Bank may provide security for any issue of revenue bonds by the Bank through any commonly accepted financial instrument, including, without limitation:
Terms Used In Nevada Revised Statutes 408.55077
- Deed: The legal instrument used to transfer title in real property from one person to another.
1. A deed of trust on the resources, facilities and revenues of one or more qualified projects financed by the Bank;
2. A credit enhancement, including, without limitation, a letter of credit, bond insurance or surety bond provided by a private financial institution; and
3. Insurance, reinsurance or a guarantee provided by the Bank itself.