Nevada Revised Statutes 408.55085 – Qualified borrower retains right to issue bonds
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Notwithstanding any provision in NRS 408.55048 to 408.55088, inclusive, to the contrary, NRS 408.55048 to 408.55088, inclusive, are supplemental to, and not in lieu of, the right of any qualified borrower to issue general obligation bonds or other bonds that the qualified borrower is otherwise lawfully authorized to issue.
Terms Used In Nevada Revised Statutes 408.55085
- 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.