NRS 244A.059
County’s general obligation bonds

  • county’s debt limit.

1.

Subject to the provisions of chapter 350 of NRS, any board, upon behalf of the county and in its name, may issue the county’s general obligation bonds to acquire, improve and equip, or any combination thereof, any project herein authorized, or any part thereof, and thereby to defray the cost of the project wholly or in part.

2.

A county shall not become indebted by the issuance of bonds or other securities constituting an indebtedness, whether the bonds are issued hereunder or under a special or local law, to an amount in the aggregate, including existing indebtedness of the county, but excluding any outstanding revenue bonds, any outstanding special assessment bonds, or any other outstanding special obligation securities, any short-term securities issued in anticipation of and payable from general ad valorem taxes levied for the current fiscal year, any general obligation indebtedness of the county issued to pay the cost of any lending project, and any indebtedness not evidenced by notes, bonds or other securities, exceeding 10 percent of the total last assessed valuation of the taxable property of the county.

3.

A county shall not become indebted by the issuance of general obligation indebtedness to fund the cost of lending projects in an amount exceeding 15 percent of the total last assessed valuation of the taxable property of the county.

Source: Section 244A.059 — County’s general obligation bonds; county’s debt limit., https://www.­leg.­state.­nv.­us/NRS/NRS-244A.­html#NRS244ASec059.

244A.011
Short title. 244A.013
Definitions. 244A.015
“Acquisition” and “acquire” defined. 244A.017
“Board” defined. 244A.019
“Building project” defined. 244A.021
“Condemnation” and “condemn” defined. 244A.023
“Cost of the project” defined. 244A.025
“County” defined. 244A.027
“Drainage and flood control project” defined. 244A.029
“Equipment” and “equip” defined. 244A.031
“Hereby,” “herein,” “hereinabove,” “hereinafter,” “hereinbefore,” “hereof,” “hereto” and “hereunder” defined. 244A.033
“Improvement” and “improve” defined. 244A.034
“Infrastructure project” defined. 244A.035
“Offstreet parking project” defined. 244A.037
“Overpass project” defined. 244A.039
“Park project” defined. 244A.043
“Project” defined. 244A.045
“Property” defined. 244A.047
“Public body” defined. 244A.048
“Revenues of a lending project” defined. 244A.049
“Real property” defined. 244A.051
“State” defined. 244A.053
“Street project” defined. 244A.055
“Underpass project” defined. 244A.056
“Water project” defined. 244A.057
General powers of board of county commissioners. 244A.058
Power of board of county commissioners of county whose population is 100,000 or more but less than 700,000 to acquire, lease, improve, equip, operate and maintain minor league baseball stadium project 244A.059
County’s general obligation bonds 244A.061
Payment of bonds additionally secured by pledge of certain revenues. 244A.063
Fees, rates and charges: Establishment, maintenance and revision of schedules. 244A.064
Lending projects: Powers of county. 244A.065
Construction and effect of County Bond Law. 244A.0293
“Flood management authority” defined. 244A.0297
“Flood management project” defined. 244A.0343
“Lending project” defined. 244A.0344
“Minor league baseball stadium project” defined. 244A.0345
“Municipal securities” defined. 244A.0347
“Municipality” defined. 244A.0505
“Sewerage project” defined. 244A.0555
“Wastewater authority” defined. 244A.0585
Power of board of county commissioners of county whose population is more than 700,000 to acquire, improve, equip, operate and maintain performing arts center 244A.0587
Power of board of county commissioners of county to acquire, improve and equip sewerage project or water project
Last Updated

Jun. 24, 2021

§ 244A.059’s source at nv​.us