Nevada § 318.325 - Local Government Securities Law: Types of securities authorized to be issued
Full text of Nevada Nevada Revised Statutes § 318.325 — Local Government Securities Law: Types of securities authorized to be issued, with citation guidance and answers to common questions.
§ 318.325. Local Government Securities Law: Types of securities authorized to be issued
1. Subject to the limitations and other provisions in this chapter, a board of any
district may issue on its behalf and in its name at any time or from time to time,
as the board may determine, the following types of securities in accordance with the
provisions of the Local Government Securities Law, except as otherwise provided in
subsection 2: (a) General obligation bonds and other general obligation securities payable from
general (ad valorem) property taxes; (b) General obligation bonds and other general obligation securities payable from
general (ad valorem) property taxes, the payment of which securities is additionally
secured by a pledge of and lien on net revenues; (c) Revenue bonds and other securities constituting special obligations and payable
from net revenues, but excluding the proceeds of any general (ad valorem) property
taxes or any special assessments, which payment is secured by a pledge of and lien
on such net revenues; or (d) Any combination of such securities. 2. General obligation or revenue bonds may be sold at a discount only if the amount
of discount permitted by the board has been capitalized as a cost of the project.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 318.325
What does Nevada Revised Statutes § 318.325 cover?
Section 318.325 ("Local Government Securities Law: Types of securities authorized to be issued") 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 § 318.325?
A common citation format is "Nevada Revised Statutes § 318.325" (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 § 318.325 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.