Senate Bill No. 233–Committee on Government Affairs

 

(On Behalf of the Department of Conservation and
Natural Resources, Environmental Protection Division)

 

March 4, 2003

____________

 

Referred to Committee on Government Affairs

 

SUMMARY—Increases amount of general obligation bonds that State Board of Finance may issue to provide grants to certain water systems. (BDR 30-553)

 

FISCAL NOTE:  Effect on Local Government: No.

                           Effect on the State: No.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to water systems; increasing the amount of general obligation bonds that the State Board of Finance may issue to provide grants to publicly owned water systems for capital improvements; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1  Section 1. NRS 349.986 is hereby amended to read as follows:

1-2  349.986  The State Board of Finance shall issue general

1-3  obligation bonds of the State of Nevada in the face amount of not

1-4  more than [$69,000,000] $86,000,000 to support the purposes of the

1-5  program. The net proceeds from the sale of the bonds must be

1-6  deposited in the Fund. The bonds must be redeemed through the

1-7  Consolidated Bond Interest and Redemption Fund.

1-8  Sec. 2.  This act becomes effective on July 1, 2003.

 

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