NRS 387.400: Limitation on bonded indebtedness of county school district.
Where this section sits in the code
- TITLE 34 — EDUCATION
- CHAPTER 387 - FINANCIAL SUPPORT OF SCHOOL SYSTEM
- FINANCING OF CONSTRUCTION OF SCHOOLS AND OTHER PROJECTS
- Issuance of Bonds
The total bonded indebtedness of a county school district must at no time exceed an amount equal to 15 percent of the total of the last assessed valuation of taxable property, excluding motor vehicles, situated within the county school district.
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