{"data":{"id":"us-nv/nrs-350.604","jurisdiction":"us-nv","citation":"NRS 350.604","heading":"Payment of municipal securities not to be secured by encumbrance, mortgage or pledge of municipality’s property; exception.","body":"1. Except as otherwise provided in subsection 2:\n(a) The payment of municipal securities may not be secured by an encumbrance, mortgage or other pledge of property of the municipality; and\n(b) No property of the municipality is liable to be forfeited or taken in payment of the securities.\n2. The payment of municipal securities may be secured by pledged revenues, proceeds of taxes and any other money pledged for the payment of the securities. A municipality may encumber, mortgage or otherwise pledge property purchased from the proceeds of a loan to secure repayment of that loan.","path":["TITLE 30 — PUBLIC BORROWING AND OBLIGATIONS","CHAPTER 350 - MUNICIPAL OBLIGATIONS","LOCAL GOVERNMENT SECURITIES LAW"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-350.html#NRS350Sec604","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"b3075a8f2fc4fad9c71bf53250f92a6712ded6b981888cf298b2c236fa8fdc85","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-350.602","next":"us-nv/nrs-350.606"},"notice":"GroundRules: Original legal text. Not legal advice."}