Nevada § 269.425 - Town's debt limit
Full text of Nevada Nevada Revised Statutes § 269.425 — Town's debt limit, with citation guidance and answers to common questions.
§ 269.425. Town's debt limit
No town shall ever become indebted for any town improvements under the provisions
of NRS 269.400 to 269.470 , inclusive, or otherwise, by the issuance of such general obligation bonds and other
general obligation securities (other than any notes or warrants maturing within 1
year from the respective dates of their issuance), but excluding any outstanding revenue
bonds, special assessment bonds, or other special obligation securities, excluding
any such outstanding general obligation notes and warrants, and excluding any outstanding
indebtedness not evidenced by bonds or other securities, exceeding 25 percent of the
total last assessed valuation of the taxable property of the town.
Frequently Asked Questions About Nevada § 269.425
What does Nevada Revised Statutes § 269.425 cover?
Section 269.425 ("Town'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 § 269.425?
A common citation format is "Nevada Revised Statutes § 269.425" (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 § 269.425 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.