Nevada § 349.242 - Payment from State General Fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of State General Fund
Full text of Nevada Nevada Revised Statutes § 349.242 — Payment from State General Fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of State General Fund, with citation guidance and answers to common questions.
§ 349.242. Payment from State General Fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of State General Fund
Any sums coming due on any general obligation state securities at any time when there
are not on hand from such tax levy or levies sufficient funds to pay the same shall
be promptly paid when due from the General Fund of the State, reimbursement to be
made to such General Fund in the sums thus advanced when the taxes herein provided
for have been collected.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 349.242
What does Nevada Revised Statutes § 349.242 cover?
Section 349.242 ("Payment from State General Fund when taxes insufficient to pay amount due on securities issued as general obligations; reimbursement of State General Fund") 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 § 349.242?
A common citation format is "Nevada Revised Statutes § 349.242" (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 § 349.242 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.