Nev. Rev. Stat. ch. 319 – Assistance to Finance Housing | Midpage

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Nevada Revised Statutes

Chapter 319

Nev. Rev. Stat. ch. 319

Assistance to Finance Housing

319.020Legislative findings and declaration; liberal construction 319.030Definitions 319.040“Administrator” defined 319.042“Attainable housing” defined 319.045“Collateralized mortgage obligation” defined 319.050“Division” defined 319.060“Eligible family” defined 319.070“Governmental agency” defined 319.090“Lending institution” defined 319.100“Mortgage” defined 319.110“Mortgage loan” defined 319.115“Person with a disability” defined 319.120“Real property” defined 319.130“Residential housing” defined 319.135“Sponsor” defined 319.140General powers and duties of Division; audit; exemption from State Purchasing Act 319.141Housing Liaison: Creation of position; appointment; classification; qualifications; duties; removal 319.143Division required to create and maintain statewide low-income housing database; annual analysis of data; certain owners of multifamily residential property required to submit quarterly report to Division; regulations 319.145Designation as housing credit agency; authority to administer HOME Investment Partnership Act; duty to administer program to increase efficiency in use of energy in dwellings owned or occupied by persons of low income 319.147Certification of assisted living facilities: Requirements; regulations 319.167Division may enter into instruments, agreements and other transactions for certain purposes 319.169Account for Housing Inspection and Compliance: Creation; administration; deposits; interest and income; claims; uses established by regulation 319.170Funds and accounts; investments and deposits 319.171Investment in collateralized mortgage obligations or trusts 319.172Authority to make loans of investment securities 319.174Advisory Committee on Housing: Creation; members; terms; vacancies; Chair; meetings; duties 319.190Authority to make loans and issue letters of credit 319.200Terms and conditions of mortgage loan 319.210Investment in mortgages 319.220Mortgages in default: Foreclosure; modification of terms 319.230Loans to or purchase of securities from lending institutions; collateral 319.235Financing rental sites for mobile homes and equipment for conservation of energy in residential dwelling units 319.240Lending fees and charges 319.250Insurance 319.260Prerequisites to financing residential housing 319.265Requirements for regulations adopted by Division that establish program for financing certain residential housing projects 319.270Notes and bonds: Issuance; limitation on outstanding obligations 319.280Notes and bonds: Execution; terms; chapter 349 of NRS inapplicable 319.290Notes and bonds: Pledges as security 319.300Bonds: Trust indentures as security 319.310Notes and bonds: Guarantees of payment 319.320Notes and bonds: Redemption; remarketing or refunding 319.323Issuance of collateralized mortgage obligations; use of proceeds; submission of findings to State Board of Finance 319.325Division may provide that bonds, notes or loans be insured or secured; payment of costs associated with insurance 319.327Exemption of interest on Division’s bonds from federal income taxation: Waiver; issuance of obligations not exempt from taxation 319.330Refunding obligations: Issuance, sale and exchange 319.340Bond reserve funds: Establishment; use; requirements 319.350Bond reserve funds: Limitations 319.360Bond reserve funds: Purpose; status reports 319.370Remedies of bondholders and noteholders 319.380Pledge against impairment of holders’ rights and remedies; credit of State not pledged 319.390Notes and bonds as legal investments 319.410Definitions 319.420Termination: Notice; meeting; penalties; regulations 319.430Ending upon expiration: Notice; meeting; penalty for failure to provide notice; regulations 319.440Maintenance after expiration: Notice; annual report; notice for subsequent ending; regulations 319.500Creation; investment of money; claims 319.510Use and distribution of money in Account 319.520Regulations concerning distribution and use of money in Account; requirements for recipient of money 319.530Pets must be allowed in housing acquired, constructed or rehabilitated with money from Account; limitations; service animals and service animals in training 319.600Grant program; requirements; regulations; report 319.610Nevada Supportive Housing Development Account: Creation; gifts, grants and donations; interest; use; nonreversion 319.700Definitions 319.705“Attainable housing” defined 319.710“Attainable housing project” defined 319.715“Council” defined 319.720“Eligible entity” defined 319.725“Essential worker” defined 319.730“Nevada Attainable Housing Account” defined 319.735Creation; administration of Account; interest and income; nonreversion 319.740Use and distribution of money in Account; requirements for recipient of money 319.745Allocation plan 319.750Responsibility of eligible entity to provide or secure matching funds 319.755Annual report to Interim Finance Committee 319.760Nevada Attainable Housing Council: Creation; membership; terms of members; vacancies; per diem allowance and travel expenses; administrative support 319.765Nevada Attainable Housing Council: Duties 319.770Procedures for members of Nevada Attainable Housing Council to disclose certain financial interests 319.900False statements; penalty