Nevada Revised Statutes 349.232 – Securities issued as special obligations do not constitute outstanding indebtedness of State
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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.
Terms Used In Nevada Revised Statutes 349.232
- 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.