Nevada § 315.620 - Liability on bonds; debt limitations
Full text of Nevada Nevada Revised Statutes § 315.620 — Liability on bonds; debt limitations, with citation guidance and answers to common questions.
§ 315.620. Liability on bonds; debt limitations
Neither the commissioners of an authority nor any person executing the bonds is liable
personally on the bonds by reason of the issuance thereof. The bonds and other obligations of an authority are not, and must state on their face
that they are not, a debt of the city, the county, the State or any other political
subdivision thereof, and neither the city, the county, the State nor any other political
subdivision thereof is liable thereon, nor in any event are the bonds or obligations
payable out of any funds or properties other than those of the authority. The bonds do not constitute an indebtedness within the meaning of any constitutional
or statutory debt limitation or restriction.
Frequently Asked Questions About Nevada § 315.620
What does Nevada Revised Statutes § 315.620 cover?
Section 315.620 ("Liability on bonds; debt limitations") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 315.620?
A common citation format is "Nevada Revised Statutes § 315.620" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 315.620 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.