Nevada § 318A.490 - Forms of borrowing; approval of debt management commission required for borrowing by certain districts
Full text of Nevada Nevada Revised Statutes § 318A.490 — Forms of borrowing; approval of debt management commission required for borrowing by certain districts, with citation guidance and answers to common questions.
§ 318A.490. Forms of borrowing; approval of debt management commission required for borrowing by certain districts
1. Upon the conditions and under the circumstances set forth in this chapter, a district
may borrow money and issue the following securities to evidence such borrowing: (a) Short-term notes, warrants and interim debentures. (b) General obligation bonds. (c) Revenue bonds. (d) Special assessment bonds. 2. The board of trustees of a district whose population within its boundaries is less
than 5,000 shall not borrow money or issue securities to evidence such borrowing unless
the board has obtained the approval of the debt management commission of the county
in which the district is located. 3. The board of trustees of a district whose population within its boundaries is less
than 5,000 shall not forward a resolution authorizing medium-term obligations to the
Executive Director of the Department of Taxation unless such financing is approved
by the debt management commission pursuant to subsection 2.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 318A.490
What does Nevada Revised Statutes § 318A.490 cover?
Section 318A.490 ("Forms of borrowing; approval of debt management commission required for borrowing by certain districts") 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 § 318A.490?
A common citation format is "Nevada Revised Statutes § 318A.490" (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 § 318A.490 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.