The payment of state securities shall not be secured by an encumbrance, mortgage or other pledge of property of the State, except for its pledged revenues, proceeds of taxes and any other moneys pledged for the payment of the securities. No property of the State, subject to such exception, shall be liable to be forfeited or taken in payment of the securities.
NRS 349.250
Payment of state securities not to be secured by encumbrance, mortgage or pledge of State’s property; exception
Known as the State Securities Law
The act spans §§ 349–349 (273 sections).
(Added to NRS by 1967, 779)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.