NRS 244A.713: Bonds to be special obligations.
Where this section sits in the code
- TITLE 20 — COUNTIES AND TOWNSHIPS: FORMATION, GOVERNMENT AND OFFICERS
- CHAPTER 244A - COUNTIES: FINANCING OF PUBLIC IMPROVEMENTS
- COUNTY ECONOMIC DEVELOPMENT REVENUE BOND LAW
1. All bonds issued by a county under the authority of NRS 244A.669 to 244A.763, inclusive, shall be special, limited obligations of the county. The principal of and interest on such bonds shall be payable, subject to the security provisions herein, solely out of the revenues derived from the financing, leasing or sale of the project to be financed by the bonds.
2. The bonds and interest coupons, if any, appurtenant thereto shall never constitute the debt or indebtedness of the county within the meaning of any provision or limitation of the Constitution of the State of Nevada or statutes, and shall not constitute nor give rise to a pecuniary liability of the county or a charge against its general credit or taxing powers. Such limitation shall be plainly stated on the face of each such bond.
Collected 2026-09-03T05:51:35Z. Source file · JSON