Nev. Rev. Stat. § 99.065
This is the official text of Nev. Rev. Stat. § 99.065, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Public securities: Compound interest authorized; repayment
Official statutory text
1. Bonds or other securities issued by this state or any of its political subdivisions may provide for the payment of compound interest. The amount of the compound interest must be treated as interest and not as an addition to the principal of the bond or other security.
2. If interest is compounded on some or all of an issue of securities, repayment of the securities: (a) Must commence no later than the 15th year after issue; and (b) If in installments, must be made no less often than annually.
2. If interest is compounded on some or all of an issue of securities, repayment of the securities: (a) Must commence no later than the 15th year after issue; and (b) If in installments, must be made no less often than annually.
Status: in_force · Read it on the official government site
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