Any other state securities (except general obligation notes and general obligation warrants) constitute special obligations of the State, and all such other securities (including all notes and warrants, general obligations or special obligations, payable within 1 year from date) do not constitute outstanding indebtedness of the State nor exhaust its debt-incurring power under any such debt limitation.
NRS 349.232
Securities issued as special obligations do not constitute outstanding indebtedness of State
Known as the State Securities Law
The act spans §§ 349–349 (273 sections).
(Added to NRS by 1967, 777)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.