Nevada § 349.254 - Covenants in resolution authorizing issuance of special obligations impose no liability against State or its general credit
Full text of Nevada Nevada Revised Statutes § 349.254 — Covenants in resolution authorizing issuance of special obligations impose no liability against State or its general credit, with citation guidance and answers to common questions.
§ 349.254. Covenants in resolution authorizing issuance of special obligations impose no liability against State or its general credit
None of the covenants, agreements, representations and warranties contained in any
resolution authorizing the issuance of bonds or other state securities issued under
the provisions of the State Securities Law and constituting special obligations, or
in any other instrument appertaining thereto, in the absence of any breach thereof,
shall ever impose or shall be construed as imposing any liability, obligation or charge
against the State (except the special funds pledged therefor) or against the general
credit of the State, payable out of the General Fund of the State, or out of any funds
derived from taxation.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 349.254
What does Nevada Revised Statutes § 349.254 cover?
Section 349.254 ("Covenants in resolution authorizing issuance of special obligations impose no liability against State or its general credit") 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 § 349.254?
A common citation format is "Nevada Revised Statutes § 349.254" (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 § 349.254 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.