The State Treasurer says he is concerned about issuing $175 million in bonds to car manufacturer Faraday Future because his office has not received the necessary documentation to move forward.
In a statement released Wednesday, Treasurer Dan Schwartz said his office has not received requested documentation indicating the proposed $1 billion facility to build electric cars in Las Vegas remains on schedule.
“Our office is charged with issuing up to $175 million in general obligation bonds to finance the project’s infrastructure,” Schwartz said in the statement. “To date, our office has not received requested documentation indicating the project remains on schedule for the bond’s original issue date of September 2016.”