Nevada § 350A.160 - Judicial confirmation of exemption of specific obligation from State's debt limit required; legislative declaration
Full text of Nevada Nevada Revised Statutes § 350A.160 — Judicial confirmation of exemption of specific obligation from State's debt limit required; legislative declaration, with citation guidance and answers to common questions.
§ 350A.160. Judicial confirmation of exemption of specific obligation from State's debt limit required; legislative declaration
1. The Board shall not become obligated with respect to a particular lending project
unless the Board: (a) Has determined that the lending project is for a purpose related to natural resources
and that the obligation to be incurred for the lending project will be exempt from
the limitation on state debt set forth in Section 3 of Article 9 of the Nevada Constitution ; or (b) Has obtained judicial confirmation, in a proceeding pursuant to chapter 43 of
NRS or another proceeding, that the obligation to be incurred for that project will
be exempt from the State's debt limit. If an appeal is taken or the confirmation is otherwise reviewed, the obligation
must not be incurred unless the exemption is affirmed by the court of last resort. 2. The Legislature hereby finds that obligations issued as state securities which
are general obligations, for which a Board determination has been made pursuant to
paragraph (a) of subsection 1 or a judicial confirmation has been obtained pursuant
to paragraph (b) of subsection 1, are necessary for the protection and preservation
of the property and natural resources of this State and for the purpose of obtaining
the benefits thereof, and the issuance of those securities constitutes an exercise
of the authority conferred by the second paragraph of Section 3 of Article 9 of the Nevada Constitution .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 350A.160
What does Nevada Revised Statutes § 350A.160 cover?
Section 350A.160 ("Judicial confirmation of exemption of specific obligation from State's debt limit required; legislative declaration") 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 § 350A.160?
A common citation format is "Nevada Revised Statutes § 350A.160" (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 § 350A.160 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.