Nevada § 349.230 - Securities issued as general obligations constitute outstanding indebtedness of State; exceptions
Full text of Nevada Nevada Revised Statutes § 349.230 — Securities issued as general obligations constitute outstanding indebtedness of State; exceptions, with citation guidance and answers to common questions.
§ 349.230. Securities issued as general obligations constitute outstanding indebtedness of State; exceptions
Any outstanding general obligation bonds, any temporary general obligation bonds to
be exchanged for such definitive bonds, and any general obligation interim debentures
constitute outstanding indebtedness of the State and exhaust the debt-incurring power
of the state unless issued: 1. For the purpose of defraying extraordinary expenses, as mentioned in the last sentence
of the first paragraph of Section 3 of Article 9 of the Constitution ; or 2. For one of the purposes mentioned in the second paragraph of that section.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 349.230
What does Nevada Revised Statutes § 349.230 cover?
Section 349.230 ("Securities issued as general obligations constitute outstanding indebtedness of State; exceptions") 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 § 349.230?
A common citation format is "Nevada Revised Statutes § 349.230" (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 § 349.230 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.