Nevada § 244A.059 - County's general obligation bonds; county's debt limit
Full text of Nevada Nevada Revised Statutes § 244A.059 — County's general obligation bonds; county's debt limit, with citation guidance and answers to common questions.
§ 244A.059. County's general obligation bonds; county's debt limit
1. Subject to the provisions of chapter 350 of NRS , any board, upon behalf of the county and in its name, may issue the county's general
obligation bonds to acquire, improve and equip, or any combination thereof, any project
herein authorized, or any part thereof, and thereby to defray the cost of the project
wholly or in part. 2. A county shall not become indebted by the issuance of bonds or other securities
constituting an indebtedness, whether the bonds are issued hereunder or under a special
or local law, to an amount in the aggregate, including existing indebtedness of the
county, but excluding any outstanding revenue bonds, any outstanding special assessment
bonds, or any other outstanding special obligation securities, any short-term securities
issued in anticipation of and payable from general ad valorem taxes levied for the
current fiscal year, any general obligation indebtedness of the county issued to pay
the cost of any lending project, and any indebtedness not evidenced by notes, bonds
or other securities, exceeding 10 percent of the total last assessed valuation of
the taxable property of the county. 3. A county shall not become indebted by the issuance of general obligation indebtedness
to fund the cost of lending projects in an amount exceeding 15 percent of the total
last assessed valuation of the taxable property of the county.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 244A.059
What does Nevada Revised Statutes § 244A.059 cover?
Section 244A.059 ("County's general obligation bonds; county's debt limit") 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 § 244A.059?
A common citation format is "Nevada Revised Statutes § 244A.059" (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 § 244A.059 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.