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2013 Nevada Revised Statutes
Chapter 350 - Municipal Obligations
NRS 350.007 - Medium-term obligation defined.


NV Rev Stat § 350.007 (2013) What's This?

Medium-term obligation means an obligation to repay borrowed money evidenced by a note or bond which is authorized to be issued pursuant to NRS 350.087 to 350.095, inclusive, and which has a term of 10 years or less. The term does not include an obligation which has a term of less than 1 year and which is payable in full from money appropriated for the same fiscal year that the obligation is incurred.

(Added to NRS by 2001, 2304)

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