Nevada § 474.514 - Limit on indebtedness
Full text of Nevada Nevada Revised Statutes § 474.514 — Limit on indebtedness, with citation guidance and answers to common questions.
§ 474.514. Limit on indebtedness
No indebtedness, as defined in NRS 350.586 , including outstanding indebtedness, shall be incurred by any district organized
pursuant to NRS 474.460 or 474.533 in an aggregate principal amount exceeding 5 percent of the total last assessed valuation
of taxable property (excluding motor vehicles and cattle) situated within the district.
Frequently Asked Questions About Nevada § 474.514
What does Nevada Revised Statutes § 474.514 cover?
Section 474.514 ("Limit on indebtedness") 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 § 474.514?
A common citation format is "Nevada Revised Statutes § 474.514" (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 § 474.514 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.