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2013 Nevada Revised Statutes
Chapter 350 - Municipal Obligations
NRS 350.588 - Securities issued as special obligations do not constitute outstanding indebtedness.


NV Rev Stat § 350.588 (2013) What's This?

Any other municipal securities (except general obligation notes and general obligation warrants) constitute special obligations of the municipality, and all such other securities (including all notes and warrants, general obligations or special obligations, payable within 1 year from date) do not constitute outstanding indebtedness of the municipality nor exhaust its debt-incurring power under any such debt limitation.

(Added to NRS by 1967, 428)

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