Nevada Revised Statutes 349.226 – Special obligations: Types of securities
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The State may issue as special obligations any of the following types of state securities:
Terms Used In Nevada Revised Statutes 349.226
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
1. Notes;
2. Warrants;
3. Interim debentures;
4. Bonds; and
5. Temporary bonds, in anticipation of net pledged revenues but not under any circumstances under their terms and the proceedings authorizing their issuance in anticipation of taxes nor in anticipation of gross pledged revenues. Such special obligation state securities may be payable from, secured by a pledge of, and constitute a lien on net pledged revenues.