Nevada § 350.0045 - “General obligation debt” defined
Full text of Nevada Nevada Revised Statutes § 350.0045 — “General obligation debt” defined, with citation guidance and answers to common questions.
§ 350.0045. “General obligation debt” defined
“ General obligation debt ” means debt that is legally payable from general revenues, as a primary or secondary
source of repayment, and is backed by the full faith and credit of a governmental
entity, and if the governmental entity is authorized to levy taxes, by those taxes. The term includes, without limitation, debt represented by local government securities
issued pursuant to this chapter and installment-purchase agreements described in subsection
1 of NRS 350.0055 . The term does not include, without limitation: 1. Installment-purchase agreements described in subsection 2 of NRS 350.0055 ; 2. Special obligations; and 3. Obligations with a term of less than 1 year that are payable in full from money
appropriated for the same fiscal year in which the obligations are incurred.
Frequently Asked Questions About Nevada § 350.0045
What does Nevada Revised Statutes § 350.0045 cover?
Section 350.0045 ("“General obligation debt” defined") 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 § 350.0045?
A common citation format is "Nevada Revised Statutes § 350.0045" (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 § 350.0045 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.