2015 Nevada Revised Statutes
Chapter 350 - Municipal Obligations
NRS 350.0055 - “Installment-purchase agreement” defined.
“Installment-purchase agreement” means an agreement for the purchase of real or personal property by installment or lease or another transaction that is described in NRS 350.800 which:
1. Is required to be counted against any limit upon the debt of a local government pursuant to subsection 1 of NRS 350.800; or
2. Is not required to be counted against any limit upon the debt of a local government and:
(a) Exceeds $100,000 for a local government in a county whose population is 100,000 or more; or
(b) Exceeds $50,000 for a local government in a county whose population is less than 100,000.
↪ The § 71st/Stats200115.html#Stats200115page2303">2001, 2303)
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