Nevada § 279.638 Liability on bonds; limitation of indebtedness

Nevada Statutes

§ 279.638 — Liability on bonds; limitation of indebtedness

Nevada § 279.638

Title 22COOPERATIVE AGREEMENTS BY PUBLIC AGENCIES; REGIONAL

Ch. 279Redevelopment

FINANCIAL PROVISIONS

This text of Nevada § 279.638 (Liability on bonds; limitation of indebtedness) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 279.638 (2026).

Text

1.Neither the members of an agency nor any persons executing the bonds are liable personally on the bonds by reason of their issuance.

2.Unless the full faith and credit of a community is pledged, the bonds and other obligations of any agency are not a debt of the community, the State or any of its political subdivisions and neither the community, the State nor any of its political subdivisions is liable on them, nor in any event shall the bonds or obligations be payable out of any funds or properties other than those of the agency; and such bonds and other obligations shall so state on their face. Unless the full faith and credit of a community is pledged, the bonds do not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.

Free access — add to your briefcase to read the full text and ask questions with AI

1. Neither the members of an agency nor any persons executing the bonds are liable personally on the bonds by reason of their issuance.
2. Unless the full faith and credit of a community is pledged, the bonds and other obligations of any agency are not a debt of the community, the State or any of its political subdivisions and neither the community, the State nor any of its political subdivisions is liable on them, nor in any event shall the bonds or obligations be payable out of any funds or properties other than those of the agency; and such bonds and other obligations shall so state on their face. Unless the full faith and credit of a community is pledged, the bonds do not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.