Nevada Revised Statutes 350.586 – Securities issued as general obligations constitute outstanding indebtedness
Current as of: 2023 | Check for updates
|
Other versions
Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures constitute outstanding indebtedness of the municipality and exhaust the debt-incurring power of the municipality under any statutory debt limitation appertaining thereto.
Terms Used In Nevada Revised Statutes 350.586
- 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.