Nevada § 350.089 - Approval of resolution for medium-term obligation or installment-purchase agreement by Executive Director of Department of Taxation; appeal to Nevada Tax Commission
Full text of Nevada Nevada Revised Statutes § 350.089 — Approval of resolution for medium-term obligation or installment-purchase agreement by Executive Director of Department of Taxation; appeal to Nevada Tax Commission, with citation guidance and answers to common questions.
§ 350.089. Approval of resolution for medium-term obligation or installment-purchase agreement by Executive Director of Department of Taxation; appeal to Nevada Tax Commission
Except as otherwise provided in NRS 280.266 and 496.155 : 1. Upon the adoption by a local government of a resolution for a medium-term obligation
or installment-purchase agreement, as provided in NRS 350.087 , a certified copy thereof must be forwarded to the Executive Director of the Department
of Taxation. As soon as is practicable, the Executive Director of the Department of Taxation
shall, after consideration of the tax structure of the local government concerned,
the probable ability of the local government to repay the requested medium-term obligation
or installment-purchase agreement and the compliance of the local government with
the applicable provisions of law, including, without limitation, the provisions of chapter 354 of NRS , approve or disapprove the resolution in writing to the governing board. No such resolution is effective until approved by the Executive Director of the
Department of Taxation. The written approval of the Executive Director of the Department of Taxation must
be recorded in the minutes of the governing board. 2. If the Executive Director of the Department of Taxation does not approve the resolution
for the medium-term obligation or installment-purchase agreement, the governing board
of the local government may appeal the Executive Director's decision to the Nevada
Tax Commission.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 350.089
What does Nevada Revised Statutes § 350.089 cover?
Section 350.089 ("Approval of resolution for medium-term obligation or installment-purchase agreement by Executive Director of Department of Taxation; appeal to Nevada Tax Commission") 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 § 350.089?
A common citation format is "Nevada Revised Statutes § 350.089" (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 § 350.089 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.