Nevada § 271.500 - Municipality's liability on bonds
Full text of Nevada Nevada Revised Statutes § 271.500 — Municipality's liability on bonds, with citation guidance and answers to common questions.
§ 271.500. Municipality's liability on bonds
1. Bonds issued pursuant hereto shall not be a debt of the municipality, and the municipality
shall not be liable thereon, nor shall it thereby pledge its full faith and credit
for their payment. Assessment bonds shall not be payable out of any funds other than assessments, the
general fund and general tax proceeds, as heretofore provided. 2. Each such bond issued hereunder shall recite in substance that such bonds and the
interest thereon are payable solely from the assessments, the general fund and general
tax proceeds pledged to the payment thereof. 3. The payment of bonds shall not be secured by an encumbrance, mortgage or other
pledge of property of the municipality, except for the assessments, the general fund
and general tax proceeds pledged for the payment of bonds. No property of the municipality, subject to such exceptions, shall be liable to be
forfeited or taken in payment of the bonds.
Frequently Asked Questions About Nevada § 271.500
What does Nevada Revised Statutes § 271.500 cover?
Section 271.500 ("Municipality's liability on bonds") 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 § 271.500?
A common citation format is "Nevada Revised Statutes § 271.500" (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 § 271.500 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.