Nevada § 349.230 Securities issued as general obligations constitute outstanding indebtedness of State; exceptions

Nevada Statutes

§ 349.230 — Securities issued as general obligations constitute outstanding indebtedness of State; exceptions

Nevada § 349.230

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 349State

STATE SECURITIES LAW

This text of Nevada § 349.230 (Securities issued as general obligations constitute outstanding indebtedness of State; exceptions) 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. § 349.230 (2026).

Text

Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures constitute outstanding indebtedness of the State and exhaust the debt-incurring power of the state unless issued:

1.For the purpose of defraying extraordinary expenses, as mentioned in the last sentence of the first paragraph of Section 3 of Article 9 of the Constitution; or

2.For one of the purposes mentioned in the second paragraph of that section.

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Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures constitute outstanding indebtedness of the State and exhaust the debt-incurring power of the state unless issued:
1. For the purpose of defraying extraordinary expenses, as mentioned in the last sentence of the first paragraph of Section 3 of Article 9 of the Constitution; or
2. For one of the purposes mentioned in the second paragraph of that section.